Rwanda is a country located in Central Africa. It borders Burundi, Democratic Republic of the Congo, Tanzania, and Uganda. Rwanda is landlocked other than its western border of Lake Kivu. The government system is a republic; the chief of state is the president, and the head of government is the prime minister. Although much of the economyThe management of money, currency and trade of a nation. The... relies on subsistence farming, Rwanda has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Rwanda is a member of the Common MarketThe commercial activity of buying and selling goods and serv... for Eastern and Southern Africa (COMESA) and the East African Community (EAC).
Rwanda is a rural country with about 90% of the population engaged in subsistence agriculture and some mineral and agro-processing. Tourism, minerals, coffee and tea are Rwanda’s main sources of foreign exchange. Despite Rwanda’s fertile ecosystem, food production often does not keep pace with demand, requiring food imports. Energy shortages, instability in neighboring states, and lack of adequate transportation linkages to other countries continue to handicap private sectorThe part of a country's economy which is owned and run for p... growth.
The 1994 genocide decimated Rwanda’s fragile economic base, severely impoverished the population, particularly women, and temporarily stalled the country’s ability to attract private and external investmentMoney or capital that is invested in a business or in an acc.... However, Rwanda has made substantial progress in stabilizing and rehabilitating its economyThe management of money, currency and trade of a nation. The... to pre-1994 levels. GDP has rebounded with an average annual growth of 7%-8% since 2003 and inflationNormally referring to the economy of a country, inflation is... has been reduced to single digits. Nonetheless, in 2015, 39% of the population lived below the poverty line, according to government statistics, compared to 57% in 2006.
Important Details
- Country ISO3 : RWA
- Country Code : 646
- Income Group : Low income
- Lending Category : IDA
- Region : Sub-Saharan Africa
- Currency Unit: Rwandan franc
- WTO Member : Yes
- TradeThe buying and selling or exchange of goods and services. Th... organisations : WTO, ECCAS, EAC, COMESA
- world rank : 71
- Regional Ranking : 4th in Sub-Saharan Africa
