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    Rwanda Index 2006

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    Rwanda Economy - 2006
    https://theodora.com/wfbcurrent/rwanda/rwanda_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 Rwanda's fragile economic base, severely impoverished the population, particularly women, and eroded the country's 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 Rwanda's 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. Kigali's high defense expenditures have caused tension between the government and international donors and lending agencies. An energy shortage and instability in neighboring states may slow growth in 2006, while the lack of adequate transportation linkages to other countries continues to handicap export growth.

      GDP (purchasing power parity):
      $11.26 billion (2005 est.)

      GDP (official exchange rate):
      $1.846 billion (2005 est.)

      GDP - real growth rate:
      4.8% (2005 est.)

      GDP - per capita (PPP):
      $1,300 (2005 est.)

      GDP - composition by sector:
      agriculture: 37.6%
      industry: 22.8%
      services: 39.6% (2005 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):
      8% (2005 est.)

      Investment (gross fixed):
      18.6% of GDP (2005 est.)

      Budget:
      revenues: $509.9 million
      expenditures: $584.6 million; including capital expenditures of $NA (2005 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:
      98 million kWh (2003)

      Electricity - consumption:
      121.1 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      30 million kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      6,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Oil - proved reserves:
      0 bbl (1 January 2002)

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Natural gas - proved reserves:
      56.63 billion cu m (1 January 2002)

      Current account balance:
      -$79 million (2005 est.)

      Exports:
      $98 million f.o.b. (2005 est.)

      Exports - commodities:
      coffee, tea, hides, tin ore

      Exports - partners:
      Indonesia 64.2%, China 3.6%, Germany 2.7% (2004)

      Imports:
      $243 million f.o.b. (2005 est.)

      Imports - commodities:
      foodstuffs, machinery and equipment, steel, petroleum products, cement and construction material

      Imports - partners:
      Kenya 24.4%, Germany 7.4%, Belgium 6.6%, Uganda 6.3%, France 5.1% (2004)

      Reserves of foreign exchange and gold:
      $300 million (2005 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 - 610 (2005), 574.62 (2004), 537.66 (2003), 476.33 (2002), 442.8 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Rwanda on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Rwanda Economy 2006 information contained here. All suggestions for corrections of any errors about Rwanda Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/rwanda/rwanda_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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