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    Rwanda Economy 2000

      Economy - overview: Rwanda is a rural country with about 90% of the population engaged in (mainly subsistence) agriculture. It is the most densely populated country in Africa; is landlocked; and has few natural resources and minimal industry. Primary exports 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 significant progress in stabilizing and rehabilitating its economy. GDP has rebounded, and inflation has been curbed. In June 1998, Rwanda signed an Enhanced Structural Adjustment Facility (ESAF) with the IMF. Rwanda has also embarked upon an ambitious privatization program with the World Bank. Continued growth in 2000 depends on the maintenance of international aid levels and the strengthening of world prices of coffee and tea.

      GDP: purchasing power parity - $5.9 billion (1999 est.)

      GDP - real growth rate: 5.3% (1999 est.)

      GDP - per capita: purchasing power parity - $720 (1999 est.)

      GDP - composition by sector:
      agriculture: 44%
      industry: 20%
      services: 36% (1998 est.)

      Population below poverty line: 51.2% (1993 est.)

      Household income or consumption by percentage share:
      lowest 10%: 4.2%
      highest 10%: 24.2% (1983-85)

      Inflation rate (consumer prices): 10% (1998)

      Labor force: 3.6 million

      Labor force - by occupation: agriculture 90%, government and services, industry and commerce

      Unemployment rate: NA%

      Budget:
      revenues: $202 million
      expenditures: $361 million, including capital expenditures of $NA (1998 est.)

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

      Industrial production growth rate: 8.7% (1998 est.)

      Electricity - production: 159 million kWh (1998)

      Electricity - production by source:
      fossil fuel: 2.52%
      hydro: 97.48%
      nuclear: 0%
      other: 0% (1998)

      Electricity - consumption: 165 million kWh (1998)

      Electricity - exports: 3 million kWh (1998)

      Electricity - imports: 20 million kWh (1998)

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

      Exports: $70.8 million (f.o.b., 1999 est.)

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

      Exports - partners: Brazil, Germany, Belgium, Pakistan, Spain, Kenya

      Imports: $242 million (f.o.b., 1999 est.)

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

      Imports - partners: Kenya, Tanzania, US, Benelux, France

      Debt - external: $1.2 billion (1998)

      Economic aid - recipient: $591.5 million (1997); note - in the summer of 1998, Rwanda presented its policy objectives and development priorities to donor governments resulting in multiyear pledges in the amount of $250 million

      Currency: 1 Rwandan franc (RF) = 100 centimes

      Exchange rates: Rwandan francs (RF) per US$1 - 349.53 (January 2000), 333.94 (1999) 312.31 (1998), 301.53 (1997), 306.82 (1996), 262.20 (1995)

      Fiscal year: calendar year

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    Revised 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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