Rwanda
The major sectors of economy of Rwanda are agriculture, trade, hospitality and energy. Its economy is covering mainly the rural population which make it highly dependent on agriculture. Steady growth in service is due to construction and tourism has contributed to country鈥檚 GDP. The GDP of 2023 6.2% which has increased to 7% in 2024.
| Metric | Value |
|---|---|
| Population | 14,094,683 |
| Real GDP (projected) | 7% |
| GDP per capita (projected) | $997.98 |
Government Initiative:The Government of Rwanda is now inclined toward growing the economy
- Diversification of economy to multiple sectors.
- Initiatives based on logistics, regional trade, and conference hub.
- Encouraging Sustainable urbanization
- Promoting establishment of more industries
- Inflow of funds for increasing export of high value goods and services.
Top 10 Fastest Growing Economies in the World
The top 10 fastest-growing Economies in the World are Macao SAR, Guyana, Palau, Niger, Senegal, Libya, Rwanda, C么te d鈥橧voire, Burkina Faso, and Benin as per IMF projection for 2024. Every country on the globe faced a massive setback in their economic growth during the pandemic. This led to a massive fall in the global economy. Consequently, it became tough for the countries to regain their growth rate of the pre-pandemic period.