Rwanda is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Rwanda may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Rwanda exports about US$0.54 billion and imports about US$1.94 billion. 1.3% of the country's population is unemployed. The total number of unemployed in Rwanda is 162,515. In Rwanda, 39.1% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Rwanda is quite high, but nothing to worry about in terms of investment. Potential lenders should consider other economic indicators, including GDP, urbanization rate and currency strength, before making investment decisions. Government spending on education is 4.1% of GDP. The country's Gini index is 46.8. Rwanda experiences poor equality. The gap between the richest and poorest citizens in this country is quite palpable. Rwanda has a Human Development Index (HDI) of 0.506. Rwanda has an upper middle HDI. This suggests that the majority of citizens will be able to lead a desirable life, although some citizens will not be able to attain a high standard of living. The Global Peace Index (GPI) for Rwanda is at 2.42. The Index of Strength of Legal Rights for Rwanda is 11. Overall it is considered quite strong – bankruptcy and collateral laws can protect the rights of borrowers and lenders quite well; Credit information is plentiful and easily accessible.
The currency of Rwanda is Rwandan Franc. The plural form of the word Rwandan franc is francs. The symbol used for this currency is Fr and is abbreviated as RWF. The Rwandan franc is subdivided into centimes; there are 100 in one franc.
The credit depth index for Rwanda is 8 which means that for the most part the information is sufficient and fairly detailed; Accessibility is not a problem. According to the rating agency SP, Rwanda has a credit rating of B and the prospects for this rating are stable. According to the rating agency Fitch, Rwanda has a credit rating of B and the prospects for this rating are stable.
In Rwanda, the institution that manages the state's currency, money supply and interest rates is called the National Bank of Rwanda. Locally, the central bank of Rwanda is called the Banque Nationale du Rwanda.
The national debt of Rwanda has not yet been calculated.
Corporate tax in Rwanda is 30%. Personal income tax ranges from 0% to 30% depending on your specific situation and income level. VAT in Rwanda is 18%.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Rwanda is $18901 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Rwanda was last recorded at $2 million. PPP in Rwanda is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Rwanda is 7,601 billion. Based on this statistic, Rwanda is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Rwanda was last recorded at $1 million.