Rwanda

Description of Rwanda

Rwanda, a landlocked country located in East Africa, is a nation that has made remarkable strides in its development and governance in recent years. Despite a history marred by the tragic genocide of 1994, Rwanda has emerged as a beacon of progress and stability in the region. With its lush landscapes, vibrant culture, and a strong emphasis on sustainability and innovation, Rwanda continues to capture the world's attention as a model for growth and resilience. In this website, we delve into the economic, political, and social dynamics shaping Rwanda's trajectory and explore the opportunities and challenges that lie ahead for this dynamic African nation.

Population And Age Structure

Population, total: Rwanda's population of 13,146,362 is significantly below the average population of 40,097,746, ranking 75th out of 194 countries.

Population ages 0-14 (% of total population): Rwanda's percentage of population ages 0-14 at 39.33% is higher than the average of 27.34%, ranking 39th out of 194 countries.

Population ages 0-14, total: Rwanda's total population of ages 0-14 at 5,170,052 is below the average of 10,327,379, ranking 70th out of 194 countries.

Population ages 15-64 (% of total population): Rwanda's percentage of population ages 15-64 at 57.57% is below the average of 63.44%, ranking 153rd out of 194 countries.

Population ages 15-64, total: Rwanda's total population of ages 15-64 at 7,568,496 is significantly below the average of 26,003,407, ranking 78th out of 194 countries.

Population ages 65 and above (% of total population): Rwanda's percentage of population ages 65 and above at 3.10% is below the average of 9.22%, ranking 163rd out of 194 countries.

Population ages 65 and above, total: Rwanda's total population of ages 65 and above at 407,814 is below the average of 3,766,959, ranking 110th out of 194 countries.

Summary

Rwanda has a relatively small total population compared to the global average, with a higher percentage of young people aged 0-14 and a lower percentage of individuals aged 65 and above. This demographic distribution has implications for future workforce dynamics, healthcare needs, and social welfare programs in Rwanda, as the country may need to focus on youth education and employment opportunities while preparing for an aging population in the long term.

Population Miscellaneous

Rwanda's rural population is 10,854,688, which is below the average of 18,044,041. The country ranks 50th out of 190 countries in this category.

The percentage of Rwanda's total population that resides in rural areas is 82.568%, significantly higher than the average of 41.158%. Rwanda is ranked 6th out of 190 countries for this metric.

With an urban population of 2,291,674, Rwanda falls well below the average urban population of 22,425,747. The country is ranked 126th out of 194 countries in urban population.

Rwanda's urban population as a percentage of the total population is 17.432%, much lower than the average of 59.691%. The country ranks 189th out of 194 countries in this aspect.

The age dependency ratio in Rwanda is 73.70%, above the average of 59.22%. Rwanda ranks 42nd out of 194 countries in this category.

With a crude birth rate of 30.309 per 1,000 people, Rwanda exceeds the average birth rate of 19.384. The country is ranked 35th out of 192 countries for its birth rate.

Rwanda's crude death rate is 5.998 per 1,000 people, lower than the average of 8.214. The country holds the 153rd rank out of 192 countries in this regard.

The total fertility rate in Rwanda is 3.873 births per woman, higher than the average of 2.603. Rwanda is ranked 39th out of 190 countries for its fertility rate.

Summary

Rwanda stands out with a predominantly rural population, high rural percentage, and a lower urban population compared to the global average. The country also exhibits a higher age dependency ratio, birth rate, and total fertility rate, reflecting a younger population with potential demographic challenges. These indicators are essential as they highlight Rwanda's demographic structure, which can impact socioeconomic development, healthcare systems, and future workforce dynamics.

Military

Regarding Military expenditure (current USD), Rwanda's value of 147,873,731.89 is significantly below the average of 12,904,993,617.17. Rwanda ranks 118 out of 149 countries in this attribute.

For Military expenditure (% of GDP), Rwanda's value of 1.47% is below the average of 1.90%. Rwanda holds the 77th position out of 148 countries.

In terms of Armed forces personnel, Rwanda has 35,000 personnel, well below the average of 165,908.54. Rwanda ranks 84th out of 164 countries.

Lastly, for Armed forces personnel (% of total labor force), Rwanda's value of 0.70% is below the average of 1.28%. Rwanda holds the 93rd position out of 164 countries.

Summary

Rwanda's military expenditure, both in absolute terms and as a percentage of GDP, is notably lower than the global averages. The country also has a smaller number of armed forces personnel compared to the average and a lower percentage of total labor force dedicated to the military. These indicators suggest that Rwanda prioritizes other areas of development over military spending, potentially focusing more on economic and social advancement.

Natural Resources

In terms of Forest area (sq. km), Rwanda has 2760 sq. km which is below the average of 211606.11 sq. km, ranking 149 out of 191 countries.

For Land area (sq. km), Rwanda's 24670 sq. km is significantly below the average of 665166.51 sq. km, placing it at rank 145 out of 194 countries.

Rwanda's Surface area (sq. km) of 26340 is also notably less than the average of 689779.56 sq. km, ranking 144 out of 194 countries.

Regarding Arable land (hectares), Rwanda's 1214600 hectares is below the average of 7329543.16 hectares, positioning it at rank 102 out of 190 countries.

With Land under cereal production (hectares) at 510255, Rwanda falls short of the average of 4206011.63 hectares, ranking 98 out of 174 countries.

Rwanda experiences Average precipitation in depth (mm per year) of 1212, slightly above the average of 1157.83 mm per year, ranking 72 out of 178 countries.

For Renewable internal freshwater resources, total (billion cubic meters), Rwanda's 9.5 billion cubic meters is significantly lower than the average of 240.41 billion cubic meters, placing it at rank 126 out of 178 countries.

Summary

Rwanda ranks below average in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. These statistics are crucial as they indicate Rwanda's limited land resources, which may impact its agriculture sector, food security, and overall environmental sustainability. Addressing these challenges will be essential for Rwanda's long-term development and economic resilience.

Resource Rents

Total natural resources rents (% of GDP): Rwanda's value for this attribute is 4.10%, which is slightly below the average of 4.63%. Rwanda ranks 60th out of 175 countries in this attribute data.

Forest rents (% of GDP): Rwanda's value for this attribute is 4.08%, significantly higher than the average of 1.53%. Rwanda ranks 20th out of 174 countries in this attribute data.

Natural gas rents (% of GDP): Rwanda's value for this attribute is 0.03%, considerably below the average of 1.25%. Rwanda ranks 60th out of 96 countries in this attribute data.

Summary

Rwanda's total natural resources rents as a percentage of GDP are slightly below the global average, ranking 60th out of 175 countries. However, the country performs significantly better in terms of forest rents, ranking 20th out of 174 countries with a value much higher than the average. As for natural gas rents, Rwanda lags behind with a value well below the global average, ranking 60th out of 96 countries.

These findings are crucial as they indicate Rwanda's economic reliance on different natural resources. While the country excels in deriving economic benefits from forests, it may need to explore opportunities to leverage natural gas resources more effectively to enhance its overall economic performance and competitiveness on a global scale.

Commodities

- Rwanda's Cereal production of 751,906.56 metric tons is below the average of 17,249,945.93 metric tons, ranking 115 out of 174 countries in the dataset.
- Aquaculture production in Rwanda is 7,058.6 metric tons, significantly below the average of 679,642.92 metric tons, placing it at rank 86 out of 180 countries.
- Rwanda's Capture fisheries production of 29,979 metric tons is below the average of 467,453.06 metric tons, ranking 112 out of 190 countries.
- Total fisheries production in Rwanda is 37,037.6 metric tons, also below the average of 1,153,914.85 metric tons, with a rank of 111 out of 182 countries.
- Rwanda's Fertilizer consumption stands at 29.10 kilograms per hectare of arable land, below the average of 159.04 kilograms. This places Rwanda at rank 133 out of 187 countries in terms of fertilizer consumption.

Summary

Rwanda's agricultural sector shows below-average performance in various key indicators such as cereal production, aquaculture production, capture fisheries production, total fisheries production, and fertilizer consumption. These statistics indicate potential challenges in achieving food security, economic growth, and sustainable agricultural practices in Rwanda. Addressing these issues is crucial for the country's development and ensuring the well-being of its population.

Intellectual Property

Industrial design applications, nonresident, by count: Rwanda's value of 81 is significantly below the attribute average of 1415.83. This places Rwanda at rank 77 out of 112 countries in the data set.

Industrial design applications, resident, by count: Rwanda's value of 6 is substantially lower than the attribute average of 9799.58. Rwanda ranks 105 out of 113 countries in this category.

Trademark applications, nonresident, by count: Rwanda's value of 2394 is considerably below the attribute average of 15878.93. Rwanda ranks 98 out of 130 countries in this aspect.

Trademark applications, resident, by count: Rwanda's value of 396 is significantly lower than the attribute average of 111055.78. This places Rwanda at rank 105 out of 129 countries.

Scientific and technical journal articles: Rwanda's value of 263.99 is far below the attribute average of 15103.76. Rwanda ranks 109 out of 192 countries in this category.

Charges for the use of intellectual property, payments (BoP, current US$): Rwanda's value of 190494.23 is significantly below the attribute average of 3218843494.39. Rwanda ranks 136 out of 143 countries in this regard.

Charges for the use of intellectual property, receipts (BoP, current US$): Rwanda's value of 436007.66 is notably lower than the attribute average of 3191687117.58. Rwanda ranks 98 out of 122 countries in this category.

Summary

Rwanda's performance in key macroeconomic indicators related to industrial design applications, trademark applications, scientific and technical journal articles, and charges for the use of intellectual property, both in terms of payments and receipts, places the country below the global average in most categories. This signals a need for Rwanda to focus on enhancing its innovation and intellectual property landscape to compete effectively on the global stage and drive economic growth through innovation and knowledge-based industries.

Broad Economy Attributes

GDP (current US$): Rwanda's GDP is $10.17 billion, well below the average of $442.87 billion, ranking 139 out of 189 countries.

GDP, PPP (current international $): Rwanda's GDP, adjusted for purchasing power parity, is $28.69 billion, significantly lower than the average of $734.14 billion, ranking 131 out of 181 countries.

GDP per capita (current US$): Rwanda's GDP per capita is $773.77, much lower than the average of $15462.11, ranking 173 out of 190 countries.

GDP per capita, PPP (current international $): Rwanda's GDP per capita, adjusted for purchasing power parity, is $2182.22, below the average of $21251.89, ranking 164 out of 181 countries.

GNI (current US$): Rwanda's GNI is $9.94 billion, significantly lower than the average of $452.04 billion, ranking 138 out of 185 countries.

GNI, PPP (current international $): Rwanda's GNI, adjusted for purchasing power parity, is $28.02 billion, much lower than the average of $730.70 billion, ranking 133 out of 181 countries.

GNI per capita, PPP (current international $): Rwanda's GNI per capita, adjusted for purchasing power parity, is $2130, below the average of $20615.75, ranking 167 out of 181 countries.

Summary

Rwanda's key macroeconomic indicators such as GDP, GDP per capita, and GNI are notably below the global averages, positioning the country at lower rankings when compared to a wide range of nations. These statistics highlight Rwanda's current economic standing in relation to other countries, indicating areas where the economy may need further development and improvement to elevate its position in the global economic landscape.

Broad Value Added

- Gross value added at basic prices (GVA) in Rwanda is $9,345,408,825.63, which is significantly below the average of $360,070,943,595.12. Rwanda is ranked 134 out of 176 countries in this attribute.
- Agriculture, forestry, and fishing value added as a percentage of GDP in Rwanda is 26.66%, notably above the average of 10.86%. Rwanda ranks 16 out of 182 countries in this category.
- Agriculture, forestry, and fishing value added in Rwanda is $2,712,150,606.71, below the average of $19,924,732,828.07. Rwanda holds the 100th position out of 182 countries in this aspect.
- Services value added as a percentage of GDP in Rwanda is 46.59%, lower than the average of 56.72%. Rwanda's rank is 150 out of 183 countries based on this metric.
- Services value added in Rwanda is $4,739,150,070.29, a considerable deviation from the average of $295,837,711,130.69. Rwanda is ranked 140 out of 183 countries for this indicator.
- Industry (including construction) value added in Rwanda is $1,894,099,088.50, well below the average of $118,421,095,413.50. Rwanda holds the 145th spot out of 183 countries in this category.

Summary

Rwanda's economy exhibits a significant reliance on the agriculture, forestry, and fishing sectors, with above-average contributions to both GDP and value added. Conversely, the services and industry sectors lag behind global averages in terms of value added, impacting Rwanda's overall economic performance. These indicators highlight the need for diversification and growth in non-agricultural sectors to boost Rwanda's economic development and competitiveness on a global scale.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Rwanda's value in this attribute is significantly below the average, indicating that the manufacturing sector's monetary value is relatively low. Rwanda ranks 135 out of 173 countries included in the data.

2. Manufacturing, value added (% of GDP): Rwanda's value in this attribute is below the average, implying that the manufacturing sector contributes a smaller percentage to the country's GDP compared to the average. Rwanda ranks 115 out of 173 countries.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Rwanda's value is notably lower than the average, suggesting a lower incorporation of high-tech manufacturing in its industrial activities. Rwanda ranks 128 out of 149 countries.

4. Chemicals (% of value added in manufacturing): Rwanda's value is below the average, indicating a lower proportion of chemical products in its manufacturing sector. Rwanda ranks 65 out of 89 countries.

5. Food, beverages and tobacco (% of value added in manufacturing): Rwanda's value significantly exceeds the average, showcasing a relatively high emphasis on food, beverages, and tobacco industries. Rwanda ranks 3 out of 92 countries.

6. Textiles and clothing (% of value added in manufacturing): Rwanda's value is above the average, indicating a relatively higher focus on textiles and clothing within its manufacturing sector. Rwanda ranks 20 out of 93 countries.

7. Other manufacturing (% of value added in manufacturing): Rwanda's value is below the average, suggesting that the country's reliance on other manufacturing activities is comparatively lower. Rwanda ranks 85 out of 94 countries.

Summary

Rwanda's manufacturing sector demonstrates a mixed performance across various indicators. While the country lags in overall manufacturing value and high-tech incorporation, it shows strengths in sectors like food, beverages, and textiles. This diverse profile suggests Rwanda may benefit from leveraging its competitive industries to drive economic growth and diversification.

Money

Regarding Inflation, consumer prices (annual %), Rwanda's rate stands at 9.85%, which is higher than the average of 8.26%. This places Rwanda at the 17th rank out of 165 countries in the dataset.

For Inflation, GDP deflator (annual %), Rwanda's rate of 6.72% is slightly below the average of 6.90%. Rwanda holds the 29th rank out of 188 countries in this category.

Rwanda's Broad money growth (annual %) is notably high at 21.29%, surpassing the average of 18.03%. This places Rwanda at the 24th rank out of 139 countries included in the dataset.

As for Broad money (% of GDP), Rwanda's value of 26.23% is significantly below the average of 71.75%. Rwanda ranks 129th out of 139 countries concerning this metric.

Lastly, in terms of Broad money to total reserves ratio, Rwanda's ratio of 1.55 is below the average of 5.17. Rwanda ranks 110th out of 126 countries in this aspect.

Summary

Rwanda's inflation rate for both consumer prices and GDP deflator is relatively in line with global averages, ranking 17th and 29th out of the countries in the dataset, respectively. However, the country exhibits significantly high broad money growth at 21.29%, surpassing the average and ranking 24th. Notably, Rwanda's broad money as a percentage of GDP is well below the average, indicating potential room for growth in financial intermediation. Additionally, the low broad money to total reserves ratio suggests that Rwanda may need to focus on building up its reserves to ensure financial stability and resilience in the face of economic shocks.

These findings are crucial as they provide insights into Rwanda's economic performance and financial sector development. The higher inflation rates may indicate potential challenges for maintaining price stability in the economy. The high broad money growth could stimulate economic activity but also signal the need for effective monetary policy to prevent overheating. The low levels of broad money relative to GDP and reserves highlight areas for improvement in financial deepening and safeguarding against external vulnerabilities.

Consumption Expenditure

Final consumption expenditure (current US$): Rwanda's value of 9,458,929,393.03 is significantly below the attribute average of 381,630,252,515.38. Rwanda ranks 125 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): With a value of 92.99%, Rwanda exceeds the attribute average of 82.37%. Rwanda ranks 34 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): Rwanda's value of 1,666,754,657.69 is notably lower than the attribute average of 93,676,578,238.03. Rwanda ranks 124 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Rwanda's value of 16.39% is slightly below the attribute average of 18.71%. Rwanda ranks 91 out of 158 countries in this attribute.

Household and NPISHs Final consumption expenditure (current US$): Rwanda's value of 7,792,174,735.34 is significantly lower than the attribute average of 290,127,571,157.69. Rwanda ranks 121 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Rwanda's value of 76.60% is above the attribute average of 63.68%. Rwanda ranks 33 out of 158 countries in this attribute.

Summary

Rwanda's final consumption expenditure in current US dollars is notably below the global average, resulting in a ranking of 125 out of 159 countries. However, when considering final consumption expenditure as a percentage of GDP, Rwanda exceeds the average and secures a higher ranking of 34. The country also shows lower values in general government and household final consumption expenditures compared to the global average, impacting its rankings in these categories as well.

These indicators are crucial as they reflect Rwanda's domestic spending patterns, government expenditure priorities, and the overall contribution of consumption to its GDP. Understanding these metrics can provide insights into the country's economic development, resource allocation, and potential areas for growth or improvement.

Equities

1. Listed domestic companies, total: Rwanda has 5 listed domestic companies, significantly below the average of 636.625. This places Rwanda at rank 72 out of 72 countries.

2. Stocks traded, total value (current US$): Rwanda's total value of $16,330,000 for stocks traded is drastically lower than the average of $1,379,501,958,220.91. Rwanda ranks 67 out of 71 countries in this aspect.

3. Stocks traded, total value (% of GDP): With stocks traded valued at 0.16% of GDP, Rwanda falls below the average of 31.65%. The country ranks 62 out of 71 nations.

4. Market capitalization of listed domestic companies (current US$): Rwanda's market capitalization of domestic companies stands at $3,493,650,000, a stark contrast to the average of $1,196,037,851,618.88. Rwanda ranks 65 out of 73 countries.

5. Market capitalization of listed domestic companies (% of GDP): Rwanda's market capitalization of listed domestic companies is 34.34% of its GDP, below the average of 71.24%. This places Rwanda at rank 40 out of 73 countries.

Summary

Rwanda lags behind global averages and ranks poorly among countries in key macroeconomic indicators such as listed domestic companies, total stock value, market capitalization, and their relation to GDP. This signifies a limited presence and activity of the Rwandan stock market compared to other nations, indicating potential challenges in attracting investment, promoting economic growth, and fostering financial development.

Investment

Foreign direct investment, net (BoP, current US$): Rwanda's focus country value is -152,614,120.95, which is significantly higher than the attribute average of -1,615,235,980.51. Rwanda ranks 69 out of 169 countries in this data set.

Foreign direct investment, net inflows (BoP, current US$): Rwanda's focus country value of 152,614,120.95 is considerably lower than the attribute average of 5,749,271,080.15. Rwanda ranks 121 out of 182 countries for this metric.

Foreign direct investment, net inflows (% of GDP): Rwanda's focus country value of 1.50% is below the attribute average of 2.61%. Rwanda ranks 95 out of 178 countries in this category.

Portfolio Investment, net (BoP, current US$): Rwanda's focus country value is -26,495,349.76, significantly lower than the attribute average of 679,559,169.57. Rwanda ranks 93 out of 159 countries for this statistic.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Rwanda's focus country value of 53,957,000 is much lower than the attribute average of 4,134,263,915.25. Rwanda ranks 34 out of 59 countries for this particular attribute.

Portfolio equity, net inflows (BoP, current US$): Rwanda's focus country value of 1,008,212.49 is considerably lower than the attribute average of 9,197,145,994.70. Rwanda ranks 55 out of 125 countries in this dataset.

Summary

Rwanda's performance in key macroeconomic indicators related to foreign direct investment and portfolio investment is mixed. While it ranks relatively low in net inflows of foreign direct investment and portfolio investment, it ranks higher in net outflows of foreign direct investment. These indicators are important as they reflect Rwanda's attractiveness to foreign investors, its financial stability, and its ability to generate capital for economic growth.

Debt

- Total debt service (% of GNI): Rwanda's value is 2.86% of GNI, below the average of 5.98%. Rwanda ranks 79th out of 120 countries in this dataset.
- Public and publicly guaranteed debt service (% of GNI): Rwanda's value is 1.14% of GNI, below the average of 2.84%. Rwanda ranks 90th out of 120 countries in this dataset.
- External debt stocks (% of GNI): Rwanda's value is 82.47% of GNI, above the average of 65.42%. Rwanda ranks 27th out of 120 countries in this dataset.
- Debt service on external debt, total (TDS, current US$): Rwanda's value is $283.68 million, below the average of $9.81 billion. Rwanda ranks 81st out of 123 countries in this dataset.
- Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Rwanda's value is $113.33 million, below the average of $3.31 billion. Rwanda ranks 87th out of 123 countries in this dataset.
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Rwanda's value is $5.12 billion, below the average of $28.70 billion. Rwanda ranks 71st out of 123 countries in this dataset.
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Rwanda's value is $2.17 billion, below the average of $33.73 billion. Rwanda ranks 63rd out of 91 countries in this dataset.
- External debt stocks, total (DOD, current US$): Rwanda's value is $8.19 billion, below the average of $73.85 billion. Rwanda ranks 73rd out of 123 countries in this dataset.

Summary

Rwanda demonstrates a prudent approach to managing its external debt, with below-average values in key debt service and external debt stock indicators compared to global averages and rankings within datasets. Despite rank fluctuations, Rwanda's lower debt service percentages and external debt stock values may indicate a lower financial burden and improved debt sustainability, potentially enhancing long-term economic stability and resilience.

Broad Trade Attributes

Trade (% of GDP): Rwanda's trade as a percentage of GDP is at 55.20%, which is below the average of 82.34%. Rwanda is ranked 112 out of 163 countries in this category.

Merchandise trade (% of GDP): Rwanda's merchandise trade as a percentage of GDP is 38.83%, lower than the average of 60.01%. Rwanda ranks 135 out of 186 countries in this aspect.

Trade in services (% of GDP): Rwanda's trade in services as a percentage of GDP stands at 10.24%, less than the average of 24.63%. Rwanda holds the 119th position out of 171 countries in this metric.

External balance on goods and services (current US$): Rwanda has an external balance on goods and services of -1,682,443,563.83 USD, significantly below the average of 3,405,509,011.13 USD. Rwanda is ranked 113 out of 163 countries in this measure.

External balance on goods and services (% of GDP): Rwanda's external balance on goods and services as a percentage of GDP is -16.54%, lower than the average of -5.97%. Rwanda holds the 132nd position out of 163 countries in this category.

Summary

Rwanda's trade indicators, including trade (% of GDP) and merchandise trade (% of GDP), are below global averages, resulting in its lower rankings among countries. The country also shows a negative external balance on goods and services, further offset by a below-average percentage of GDP. These indicators suggest that Rwanda may need to focus on improving its trade performance and external balance to enhance its economic stability and growth.

Net Trade

1. Rwanda's current account balance is -1227520730.93 USD, which is below the average of 1443864831.49 USD. Rwanda ranks 116 out of 170 countries in this attribute.

2. The current account balance as a percentage of GDP for Rwanda is -12.07%, significantly lower than the average of -2.36%. Rwanda is ranked 146 out of 170 countries in this metric.

3. Rwanda's net trade in goods and services stands at -1648602394.27 USD, below the average of 2604730003.57 USD. Rwanda is ranked 114 out of 171 countries in this aspect.

4. The net primary income for Rwanda is -199639435.57 USD, above the average of -903807529.74 USD. Rwanda ranks 70 out of 170 countries in this category.

5. Rwanda's net secondary income is 620721098.91 USD, higher than the average of -269227340.40 USD. The country ranks 71 out of 170 countries in this attribute.

6. For net trade in goods, Rwanda's value is -1650271138.42 USD, below the average of 1302831005.68 USD. Rwanda ranks 113 out of 171 countries in this statistic.

7. Rwanda's net capital account is 31.25 million USD, surpassing the average of 136.54 million USD. Rwanda ranks 33 out of 159 countries in this attribute.

8. Finally, Rwanda's net financial account stands at -786734394.85 USD, below the average of -469840994.63 USD. Rwanda is ranked 109 out of 170 countries in this metric.

Summary

Rwanda's current account balance, current account balance as a percentage of GDP, net trade in goods and services, net primary income, net secondary income, net trade in goods, net capital account, and net financial account all show the country performing below average compared to other nations. This indicates a need for Rwanda to focus on improving its trade balance, attracting more foreign investment, and enhancing its primary income sources to boost economic stability and growth.

Broad Export Attributes

Analysis of key statistics for Rwanda:

Summary

In analyzing key macroeconomic indicators for Rwanda, it is evident that the country's export values across different categories are lower than the global average, resulting in lower rankings among countries worldwide. Particularly, Rwanda performs below average in exports of goods, services, and primary income, goods exports, and ICT goods exports. However, Rwanda's higher percentage of international tourism receipts compared to the average indicates a potential area of strength and opportunity for economic growth.

These findings are crucial as they highlight Rwanda's position in the global market and its competitiveness in various sectors. Understanding where the country stands in terms of exports can help policymakers and stakeholders identify areas for improvement, leverage strengths such as tourism receipts, and formulate strategies to enhance Rwanda's economic performance and global trade relationships.

Merchandise Exports

- Rwanda's merchandise exports amount to $1.4 billion, which is significantly below the average of $89.54 billion. Rwanda ranks 140 out of 187 countries in this attribute.
- Agricultural raw materials exports account for 1.12% of Rwanda's merchandise exports, lower than the average of 2.97%. Rwanda ranks 76 out of 151 countries for this metric.
- Food exports make up 24.69% of Rwanda's merchandise exports, slightly above the average of 24.06%. Rwanda ranks 52 out of 152 countries in this category.
- Rwanda's fuel exports represent only 0.04% of merchandise exports, far below the average of 13.70%. Rwanda ranks 131 out of 147 countries for this attribute.
- Ores and metals exports constitute 8.24% of Rwanda's merchandise exports, slightly below the average of 9.10%. Rwanda ranks 36 out of 152 countries in this aspect.
- Rwanda's merchandise exports by the reporting economy residual amount to 1.76% of total merchandise exports, lower than the average of 3.20%. Rwanda ranks 46 out of 166 countries in this attribute data.

Summary

Rwanda's merchandise exports are significantly below the global average, ranking low in comparison to other countries. The country's reliance on agricultural raw materials and food exports is relatively higher, while its fuel exports are notably low. This data underscores Rwanda's need to diversify its export base and reduce dependency on a few key sectors to strengthen its economic resilience and competitiveness in the global market.

Technology Exports

Rwanda's Manufactures exports account for 6.20% of its merchandise exports, significantly below the average of 42.62%. This places Rwanda at rank 137 out of 152 countries in the dataset.

The country's High-technology exports total $5,221,135, well below the average of $16,655,934,078.80. Rwanda ranks 121 out of 151 countries in this category.

High-technology exports contribute to 7.56% of Rwanda's manufactured exports, lower than the average of 10.15%. Rwanda holds the 69th position out of 150 countries in this aspect.

Rwanda's Medium and high-tech exports represent 8.12% of its manufactured exports, significantly below the average of 34.29%. Rwanda ranks 127 out of 149 countries in this parameter.

Summary

Rwanda's key macroeconomic indicators for manufacturing and technology exports consistently fall below global averages and rank lower among the countries in the dataset. This suggests a limited capacity for high-tech production and export diversification, which may impact Rwanda's economic growth potential, competitiveness in the global market, and ability to attract foreign investment for technological advancement.

Service Exports

For Service exports (BoP, current US$), Rwanda's value is 5.21 billion, significantly below the average of 28.91 billion, ranking 122 out of 171 countries in the dataset.

ICT service exports (BoP, current US$) in Rwanda amount to 20.81 million, much lower than the average of 4.58 billion, placing Rwanda at 121 out of 166 countries.

Rwanda's ICT service exports (% of service exports, BoP) stand at 3.99%, which is below the average of 11.75%. Rwanda ranks 124 out of 166 countries for this indicator.

Communications, computer, etc. (% of service exports, BoP) in Rwanda is 53.89%, higher than the average of 45.85%, positioning Rwanda at 64 out of 169 countries.

Transport services (% of service exports, BoP) account for 20.51% in Rwanda, slightly below the average of 21.80%. Rwanda ranks 73 out of 169 countries in this aspect.

Rwanda's Travel services (% of service exports, BoP) make up 23.10% of total service exports, lower than the average of 26.40%. Rwanda ranks 73 out of 167 countries for this attribute.

Insurance and financial services (% of service exports, BoP) contribute 2.50% in Rwanda, below the average of 6.46%. Rwanda ranks 99 out of 161 countries for this specific indicator.

Summary

Rwanda's performance in key macroeconomic indicators related to service exports shows that while the country is below average in most aspects such as ICT service exports, ICT service exports as a percentage of total service exports, and insurance and financial services, it excels in areas like communications, computer services, and transport services. These indicators are crucial as they reflect Rwanda's strengths and weaknesses in different service sectors, providing insights into where the country can focus on improving its competitiveness and expanding its service export capabilities.

Commercial Service Exports

Analysis of Commercial service exports (current US$): Rwanda's commercial service exports amount to 276,666,373.42, significantly below the average of 28,508,218,402.80. Rwanda ranks 138th out of 171 countries in this attribute data.

Analysis of Travel services (% of commercial service exports): Rwanda's travel services contribute 43.54% to its commercial service exports, which is above the average of 27.89%. Rwanda holds the 41st rank out of 167 countries in this category.

Analysis of Computer, communications and other services (% of commercial service exports): Rwanda's services in this category constitute 13.10% of its commercial service exports, well below the average of 42.44%. Rwanda stands at the 149th position out of 169 countries.

Analysis of Insurance and financial services (% of commercial service exports): Rwanda's insurance and financial services represent 4.71% of its commercial service exports, below the average of 6.97%. Rwanda ranks 68th out of 161 countries.

Analysis of Transport services (% of commercial service exports): Rwanda's transport services contribute 38.65% to its commercial service exports, above the average of 23.37%. Rwanda holds the 32nd position out of 169 countries in this category.

Summary

Rwanda has a relatively low total commercial service exports compared to the global average, ranking 138th out of 171 countries. However, Rwanda performs well in terms of the contribution of travel services and transport services to its commercial exports, ranking 41st and 32nd respectively. This indicates a specialization in these sectors which could signify a competitive advantage and potential for further growth in these areas, potentially leading to enhanced foreign exchange earnings and economic development.

Broad Import Attributes

- Rwanda's imports of goods and services in current US dollars amount to 3.65 billion, significantly below the average of 126.19 billion, ranking 126th out of 163 countries.

- The imports of goods and services as a percentage of GDP for Rwanda stand at 35.87%, below the average of 44.15%. Rwanda ranks 89th out of 163 countries in this metric.

- Rwanda's international tourism expenditures as a percentage of total imports are 3.55%, slightly lower than the average of 3.98%. Rwanda is ranked 51st out of 131 countries for this statistic.

- The percentage of ICT goods imports in Rwanda, at 5.08%, is below the average of 6.85%. Rwanda ranks 74th out of 143 countries in this category.

- Goods imports in Rwanda amount to around 3.06 billion US dollars, significantly lower than the average of 92.01 billion. Rwanda ranks 128th out of 171 countries in this aspect.

- Imports of goods and services in Balance of Payments (BoP) in Rwanda stand at 3.58 billion US dollars, well below the average of 120.32 billion. Rwanda ranks 132nd out of 170 countries in this metric.

- Rwanda's imports of goods, services, and primary income in BoP are at 3.79 billion US dollars, significantly lower than the average of 144.51 billion. Rwanda ranks 134th out of 170 countries for this particular attribute.

Summary

Rwanda's import figures across various categories consistently indicate that the country has relatively lower levels compared to global averages and rankings. With significantly lower imports of goods and services, international tourism expenditures, ICT goods, and overall balance of payments imports, Rwanda's economy appears to be less dependent on imports compared to many other countries. This could reflect a focus on self-sustainability, domestic production, or targeted import strategies aimed at strengthening the local economy and reducing reliance on external goods and services.

Merchandise Imports

- Rwanda's merchandise imports amount to $2,542,000,000, ranking 142 out of 190 countries. This is significantly below the average of $89,385,605,263.16 for this attribute.
- Manufactures imports account for 52.53% of Rwanda's merchandise imports, placing it at rank 139 out of 152 countries. This percentage is below the average of 66.76%.
- Agriculture raw materials imports represent 0.78% of Rwanda's merchandise imports, ranking 114 out of 152 countries. Rwanda's value is lower than the average of 1.27%.
- Food imports constitute 16.66% of Rwanda's merchandise imports, placing it at rank 56 out of 152 countries. This percentage is slightly above the average of 15.89%.
- Fuel imports make up 10.68% of Rwanda's merchandise imports, ranking 79 out of 152 countries. This is slightly below the average of 11.38%.
- Ores and metals imports represent 1.09% of Rwanda's merchandise imports, placing it at rank 109 out of 152 countries. Rwanda's value is significantly lower than the average of 2.57%.
- Rwanda's residual merchandise imports account for 0.53% of total merchandise imports, ranking 80 out of 180 countries. This is notably below the average of 2.51%.

Summary

Rwanda's merchandise imports are relatively low compared to the global average, with a significant portion coming from manufactures and food products. However, imports of agriculture raw materials, ores and metals, and residual merchandise are below the average, indicating potential areas for development and self-sufficiency. These indicators are vital as they highlight Rwanda's dependency on certain imported goods and its opportunities for diversification and strengthening domestic production capabilities.

Service Imports

Service imports in Rwanda amount to $519,775,248.52, placing the country at rank 140 out of 171 countries. This value is significantly below the average service imports of $27,615,356,170.47.

Communications, computer, etc. constitute 22.09% of Rwanda's service imports, below the average of 44.40%. Rwanda ranks 145 out of 169 countries in this aspect.

Rwanda allocates 55.14% of its service imports to transport services, surpassing the average of 32.90%. This places Rwanda at rank 17 out of 169 countries.

Travel services represent 20.08% of Rwanda's service imports, exceeding the average of 14.14%. Rwanda ranks 38 out of 169 countries in this category.

Rwanda's allocation of 2.69% to insurance and financial services in service imports is below the average of 8.53%. The country ranks 146 out of 169 countries in this aspect.

Summary

Rwanda's service imports are significantly below the global average, indicating a limited involvement in international services trade. The country shows a strong emphasis on transport services, far exceeding the global average allocation. This focused allocation suggests a strategic priority in developing the transportation sector for improving connectivity and trade facilitation, which is vital for economic growth and integration into global markets.

Commercial Service Imports

Analysis of key commercial service imports statistics for Rwanda:

  1. Commercial service imports (current US$): Rwanda's value is significantly below the average of $27,102,746,128.60, ranked 144 out of 171 countries.
  2. Computer, communications and other services (% of commercial service imports): Rwanda's percentage is below the average of 41.71%, ranking 156 out of 169 countries.
  3. Insurance and financial services (% of commercial service imports): Rwanda's percentage is below the average of 8.85%, ranking 144 out of 169 countries.
  4. Transport services (% of commercial service imports): Rwanda's percentage is above the average of 34.71%, ranking 17 out of 169 countries.
  5. Travel services (% of commercial service imports): Rwanda's percentage is above the average of 14.73%, ranking 37 out of 169 countries.

Summary

Rwanda's key commercial service imports statistics indicate that the country has a significantly lower overall value of commercial service imports compared to the global average. Specifically, Rwanda's import percentages for computer, communications, insurance, and financial services are below average, signaling potential areas for development and improvement. On the other hand, Rwanda's import percentages for transport and travel services exceed the global average, highlighting specific sectors where the country is relatively stronger and more competitive internationally.

These statistics are important as they provide insights into Rwanda's economic structure and potential areas for growth. By understanding how Rwanda's commercial service imports compare to global averages, policymakers and stakeholders can prioritize strategies to enhance sectors with lower import percentages while leveraging the country's strengths in areas where it outperforms the average. This analysis can contribute to shaping Rwanda's trade policy, economic development initiatives, and overall competitiveness in the global market.

Infrastructure

When it comes to Air transport, registered carrier departures worldwide, Rwanda has a value of 8494.839. This is significantly below the attribute average of 134365.605. Rwanda is ranked 89 out of 149 countries in terms of registered carrier departures worldwide.

Looking at Air transport, passengers carried, Rwanda transported 661287.648 passengers. This is well below the attribute average of 11848242.700. Rwanda holds the 84th rank out of 149 countries in terms of passengers carried by air transport.

Summary

Rwanda falls below the global average in both registered carrier departures and passengers carried in the air transport sector. These statistics indicate that Rwanda's air transport industry is relatively smaller compared to the global average, as reflected in the lower number of departures and passengers. This could have implications for Rwanda's connectivity to international markets, tourism industry, and overall economic development, emphasizing the need for further investment and development in the country's air transport infrastructure.

Information Technology Infrastructure

Secure Internet servers: Rwanda has 1061 secure internet servers, which is significantly below the average of 458,294. Rwanda is ranked 114 out of 193 countries in this attribute.

Secure Internet servers (per 1 million people): With 80.71 secure internet servers per 1 million people, Rwanda falls far below the average of 14,067. Rwanda ranks 138 out of 193 countries in this aspect.

Individuals using the Internet (% of population): Rwanda has 23.8% of its population using the internet, much lower than the average of 64.77%. Rwanda is ranked 161 out of 180 countries in this category.

Fixed broadband subscriptions: Rwanda has 17,685 fixed broadband subscriptions, well below the average of 6,591,956. Rwanda ranks 159 out of 185 countries in fixed broadband subscriptions.

Mobile cellular subscriptions: With 10,614,408 mobile cellular subscriptions, Rwanda is significantly below the average of 42,526,464. Rwanda is ranked 86 out of 193 countries in this regard.

Summary

Rwanda lags behind global averages in key internet and technology indicators such as secure internet servers, internet usage, and broadband subscriptions. This indicates a potential digital divide and may hinder the country's competitiveness in the global digital economy. Improving these metrics is crucial for Rwanda's future development and integration into the digital world.

Energy Consumption

Regarding Renewable energy consumption, Rwanda's value of 81.7% is significantly higher than the average of 32.18%. This places Rwanda at rank 18 out of 191 countries in the dataset.

On the other hand, for CO2 emissions, Rwanda's value of 1382 kt is notably below the average of 171895.94 kt. Rwanda ranks 153 out of 188 countries in CO2 emissions among the listed countries.

Summary

Rwanda stands out positively in renewable energy consumption compared to the global average, ranking relatively high among nations. Conversely, the country's remarkably low CO2 emissions highlight its commitment to environmental sustainability, positioning it favorably in the fight against climate change. These statistics are crucial as they showcase Rwanda's leadership in adopting clean energy practices and reducing its carbon footprint, which are vital for sustainable development and global environmental conservation efforts.

Government Balance Sheet

1. Net acquisition of financial assets (% of GDP): Rwanda's value of 6.14% is above the average of 2.45%. Rwanda ranks 10th out of 87 countries in this attribute data.

2. Net incurrence of liabilities, total (% of GDP): Rwanda's value of 13.32% is above the average of 7.43%. Rwanda ranks 7th out of 92 countries in this attribute data.

3. Total reserves (% of total external debt): Rwanda's value of 20.99% is below the average of 66.13%. Rwanda ranks 78th out of 102 countries in this attribute data.

4. Reserves and related items (BoP, current US$): Rwanda's value of $136,118,769.17 is below the average of $1,924,407,186.58. Rwanda ranks 72nd out of 171 countries in this attribute data.

5. Total reserves minus gold (current US$): Rwanda's value of $1,719,668,098.77 is below the average of $74,221,588,171.61. Rwanda ranks 113th out of 161 countries in this attribute data.

6. Total reserves (includes gold, current US$): Rwanda's value of $1,719,668,098.77 is below the average of $85,708,019,773.47. Rwanda ranks 114th out of 161 countries in this attribute data.

7. Total reserves in months of imports: Rwanda's value of 5.45 months is below the average of 7.10 months. Rwanda ranks 80th out of 151 countries in this attribute data.

Summary

Rwanda showcases strong performance in net acquisition of financial assets and net incurrence of liabilities, ranking in the top 10 among numerous countries. However, the country's total reserves metrics are relatively lower, signaling potential vulnerabilities in managing external debt and building up reserves, which are crucial for economic stability and resilience against external shocks.

Government Revenue

1. Revenue, excluding grants (% of GDP): Rwanda's value is 21.39% of GDP, which is below the average of 27.02%. Rwanda ranks 78th out of 122 countries in this attribute.

2. Grants and other revenue (% of revenue): Rwanda's value is 34.25% of revenue, above the average of 23.54%. Rwanda ranks 21st out of 108 countries in this attribute.

3. Social contributions (% of revenue): Rwanda's value is 8.44% of revenue, significantly below the average of 22.29%. Rwanda ranks 62nd out of 81 countries in this attribute.

4. Taxes on goods and services (% of revenue): Rwanda's value is 27.67% of revenue, slightly below the average of 31.82%. Rwanda ranks 84th out of 122 countries in this attribute.

5. Taxes on international trade (% of revenue): Rwanda's value is 4.65% of revenue, below the average of 6.24%. Rwanda ranks 43rd out of 101 countries in this attribute.

6. Other taxes (% of revenue): Rwanda's value is 0.03% of revenue, well below the average of 2.12%. Rwanda ranks 98th out of 106 countries in this attribute.

7. Taxes on income, profits and capital gains (% of revenue): Rwanda's value is 24.97% of revenue, slightly above the average of 24.66%. Rwanda ranks 54th out of 119 countries in this attribute.

Summary

Rwanda's macroeconomic indicators reveal a mixed performance compared to global averages and rankings among other countries. While the country performs well in terms of grants and other revenue, it lags in social contributions and taxes on goods and services. These indicators are crucial as they reflect the country's financial health, effectiveness of revenue generation, and allocation towards social welfare and public services.

Taxes

1. Tax revenue (% of GDP): Rwanda's tax revenue as a percentage of its GDP is 15.08%, below the average of 16.72%. Rwanda ranks 67th out of 123 countries in this metric.

2. Taxes on exports (% of tax revenue): Rwanda's taxes on exports account for 0.73% of its tax revenue, significantly below the average of 2.54%. Rwanda ranks 29th out of 36 countries in this category.

3. Customs and other import duties (% of tax revenue): Rwanda's customs and import duties represent 8.10% of its tax revenue, slightly below the average of 9.01%. Rwanda ranks 36th out of 99 countries in this aspect.

4. Taxes on income, profits, and capital gains (% of total taxes): In Rwanda, taxes on income, profits, and capital gains contribute 43.56% to total taxes, higher than the average of 38.40%. Rwanda ranks 40th out of 120 countries in this measure.

5. Tariff rate, applied, weighted mean, all products (%): Rwanda's weighted mean applied tariff rate is 10.19%, significantly higher than the average of 5.21%. Rwanda ranks 24th out of 153 countries in this parameter.

Summary

Rwanda has a tax revenue of 15.08% of its GDP, below the global average, with a higher reliance on taxes on income, profits, and capital gains. However, the country's tariffs on exports are low, and its weighted mean applied tariff rate is higher than average, indicating a protectionist trade policy. These indicators are crucial as they reflect Rwanda's fiscal health, trade competitiveness, and approach to revenue generation.

Government Expenses

Expense (% of GDP): Rwanda's expense as a percentage of GDP is 21.53%, which is below the average of 31.69%. Rwanda ranks 90th out of 123 countries in this attribute.

Compensation of employees (% of expense): Rwanda allocates 16.39% of its expenses towards employee compensation, lower than the average of 24.70%. The country is ranked 80th out of 123 countries.

Goods and services expense (% of expense): Rwanda spends 30.12% of its expenses on goods and services, significantly higher than the average of 14.77%. With this, Rwanda ranks 11th out of 122 countries.

Interest payments (% of expense): Rwanda's interest payments account for 6.75% of its expenses, slightly below the average of 6.85%. The country is ranked 48th out of 121 countries in this aspect.

Other expense (% of expense): Rwanda's other expenses make up 6.46% of its total expenses, which is lower than the average of 8.29%. Rwanda holds the 55th rank out of 120 countries for this attribute.

Subsidies and other transfers (% of expense): Rwanda dedicates 40.28% of its expenses to subsidies and transfers, below the average of 43.29%. In this category, Rwanda is ranked 66th out of 121 countries.

Summary

Rwanda's macroeconomic indicators reveal a prudent financial management strategy with expenses below the global average across various categories such as employee compensation, goods and services, and interest payments. However, the higher allocation towards subsidies and transfers may indicate a focus on social welfare programs to support vulnerable populations. These indicators are crucial as they reflect Rwanda's priorities in budget allocation, showcasing a balance between investment in infrastructure and social development.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Rural population (% of total population) 6/190
Agriculture, forestry, and fishing, value added (% of GDP) 16/182
Food, beverages and tobacco (% of value added in manufacturing) 3/92
Renewable energy consumption (% of total final energy consumption) 18/191
Net incurrence of liabilities, total (% of GDP) 7/92
Goods and services expense (% of expense) 11/122

Ranks in Bottom Decile For:

Attribute Rank/Total
Urban population (% of total population) 189/194
Industrial design applications, resident, by count 105/113
Charges for the use of intellectual property, payments (BoP, current US$) 136/143
GDP per capita (current US$) 173/190
GDP per capita, PPP (current international $) 164/181
GNI per capita, PPP (current international $) 167/181
Other manufacturing (% of value added in manufacturing) 85/94
Broad money (% of GDP) 129/139
Listed domestic companies, total 72/72
Stocks traded, total value (current US$) 67/71
Manufactures exports (% of merchandise exports) 137/152
Manufactures imports (% of merchandise imports) 139/152
Computer, communications and other services (% of commercial service imports) 156/169
Other taxes (% of revenue) 98/106