
Open Banking: Still The Next Big Thing
As open banking expands, consumers and companies stand to enjoy lower fees, greater ability to leverage their financial data: if they can control the risk of stolen or misused data.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Rwanda economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Rwanda best banks and safest banks are also available.
Rwanda faces its past and securing post-pandemic economic growth.
2014 | 2015 | 2016 | 2017* | 2018* |
7.6% | 8.9% | 6.0% | 6.2% | 8.6% |
*Estimate
(2016 estimate)
2014 | 2015 | 2016 | 2017* | 2018* |
2.5% | 5.7% | 4.8% | 1.4% | 3.5% |
*Estimate
2014 | 2015 | 2016 | 2017* | 2018* |
29.7% | 32.9% | 36.5% | 40.7% | 49.1% |
*Estimate
2014 | 2015 | 2016 | 2017* | 2018* |
-2.8% | -2.3% | -2.5% | -2.6% | -3.7% |
*Estimate
Standard & Poor's: B+
Moody's: B2
Standard & Poor's / Moody's (Updated January 2017)
-11.9% (2017 estimate)
14.4% (2015)
0.004% (2015)
0.007% (2015)
Foodstuffs, machinery and equipment, steel, petroleum products, cement and construction material
Democratic Republic of the Congo 19.8%, US 10.8%, China 10.3%, Swaziland 7.9%, Malaysia 7%, Pakistan 6.2%, Germany 5.9%, Thailand 5.5% (2015)
Uganda 15.7%, Kenya 11.8%, India 8.7%, China 8.7%, UAE 8.6%, Russia 6.6%, Tanzania 5.1% (2015)
2013 | 2014 | 2015 |
USD 258 million | USD 459 million | USD 471 million |
2013 | 2014 | 2015 |
USD 13.5 million | USD 1.7 million | N/A |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | N/A | USD 0.2 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 56 out of 190 countries (2017)
Subcategories:
Starting a business: 76 out of 190 countries
Enforcing Contracts: 95 out of 190 countries
Registering Property: 4 out of 190 countries
Getting Credit: 2 out of 190 countries
Protecting Minority Investors: 102 out of 190 countries
Trading Across Borders: 87 out of 190 countries
Paying Taxes: 59 out of 190 countries
Dealing with Construction Permits: 158 out of 190 countries
Getting Electricity: 117 out of 190 countries
Resolving Insolvency: 73 out of 190 countries
52 out of 138 countries
(2016-2017)
Ranking: 71 / Score: 63.07 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Kinyarwanda (official, universal Bantu vernacular) 93.2%, French (official) <.1, English (official) <.1, Swahili/Kiswahili (official, used in commercial centers) <.1, more than one language, other 6.3%, unspecified 0.3% (2002 est.)
Protestant 49.5% (includes Adventist 11.8% and other Protestant 37.7%), Roman Catholic 43.7%, Muslim 2%, other 0.9% (includes Jehovah's Witness), none 2.5%, unspecified 1.3%(2012 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
6.45 million | 7.5 million | 10.0 million | 11.26 million | 12.67 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
2.6% | 4.7% | 14.9% | 17.2% |
Total population: 70.5%
Male: 73.2%
Female: 68%
Definition: age 15 and over can read and write (2015 est.)
79.7% (last available estimate, 2016)
43.7 (last available estimate, 2016)
(0=perfect equality, 100=absolute inequality)
Political Rights: 6
Civil Liberties: 6 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 0.1% Mobile: 78.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)