Rwanda

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Introduction - Rwanda:
Location - Rwanda:
People - Rwanda:
Government - Rwanda:
Economy - Rwanda:

Economy overview

Rwanda is a poor rural country with about 90% of the population engaged in (mainly subsistence) agriculture. It is the most densely populated country in Africa and is landlocked with few natural resources and minimal industry. Primary foreign exchange earners are coffee and tea. The 1994 genocide decimated Rwandas fragile economic base, severely impoverished the population, particularly women, and eroded the countrys ability to attract private and external investment. However, Rwanda has made substantial progress in stabilizing and rehabilitating its economy to pre-1994 levels, although poverty levels are higher now. GDP has rebounded and inflation has been curbed. Despite Rwandas fertile ecosystem, food production often does not keep pace with population growth, requiring food imports. Rwanda continues to receive substantial aid money and obtained IMF-World Bank Heavily Indebted Poor Country (HIPC) initiative debt relief in 2005-06. Rwanda also received Millennium Challenge Account Threshold status in 2006. Kigalis high defense expenditures have caused tension between the government and international donors and lending agencies. Energy shortages, instability in neighboring states, and lack of adequate transportation linkages to other countries continue to handicap growth.

Gdp purchasing power parity

$13.7 billion (2006 est.)

Gdp official exchange rate

$1.968 billion (2006 est.)

Gdp real growth rate

5.8% (2006 est.)

Gdp per capita ppp

$1,600 (2006 est.)

Gdp composition by sector

agriculture: 39.4%
industry: 23.3%
services: 37.3% (2006 est.)

Labor force

4.6 million (2000)

Labor force by occupation

agriculture: 90%
industry and services: 10%

Unemployment rate

NA%

Population below poverty line

60% (2001 est.)

Household income or consumption by percentage share

lowest 10%: 4.2%
highest 10%: 24.2% (1985)

Distribution of family income gini index

28.9 (1985)

Inflation rate consumer prices

6.7% (2006 est.)

Investment gross fixed

19.8% of GDP (2006 est.)

Budget

revenues: $560.9 million
expenditures: $654 million; including capital expenditures of $NA (2006 est.)

Agriculture products

coffee, tea, pyrethrum (insecticide made from chrysanthemums), bananas, beans, sorghum, potatoes; livestock

Industries

cement, agricultural products, small-scale beverages, soap, furniture, shoes, plastic goods, textiles, cigarettes

Industrial production growth rate

7% (2001 est.)

Electricity production

93 million kWh (2004)

Electricity consumption

196.5 million kWh (2004)

Electricity exports

10 million kWh (2004)

Electricity imports

120 million kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

5,400 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl (1 January 2005)

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Natural gas proved reserves

56.63 billion cu m (1 January 2005 est.)

Current account balance

-$104.1 million (2006 est.)

Exports

$135.4 million f.o.b. (2006 est.)

Exports commodities

coffee, tea, hides, tin ore

Exports partners

China 10.2%, Germany 9.6%, US 4.3% (2006)

Imports

$390.4 million f.o.b. (2006 est.)

Imports commodities

foodstuffs, machinery and equipment, steel, petroleum products, cement and construction material

Imports partners

Kenya 19.7%, Germany 7.8%, Uganda 6.9%, Belgium 5% (2006)

Reserves of foreign exchange and gold

$422.8 million (2006 est.)

Debt external

$1.4 billion (2004 est.)

Economic aid recipient

$425 million (2003)

Currency code

Rwandan franc (RWF)

Exchange rates

Rwandan francs per US dollar - 560 (2006), 610 (2005), 574.62 (2004), 537.66 (2003), 476.33 (2002)

Communications - Rwanda:
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Military - Rwanda:
This page was last updated on 16 September, 2007
Source: CIA >>>


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