MTN Rwandacell Company Overview
Rwanda | Economic overview
Rwanda has demonstrated strong economic growth...
Real GDP Growth %
15
10
10
5
0
8.9
6.0
4.0
9.4
8.6
...supported by stable macro-economics variables
10
9.4
Average inflation
Average USD/FRw depreciation
8
60
6.9
5.5
5.5
4.5
4.8
3.6
5.5
5.7
5.6
5.7
4
2.5
-3.4
-5
2015
2016
2017
2018
2019
2020
2021
2
6.2
6.9
7.7
8.3
9.1
9.9
10.6
Nominal GDP
FRw'T
2.4
1.4
1.0
0
2015
2016
2017
2018
2019
2020
2021
11.3
11.5
11.8
12.1
12.3
12.7
13.0
Population (Millions)
Commentary
Historical real GDP growth in Rwanda was primarily driven by private consumption and fixed investment.
Rwanda's Real GDP in 2020 experienced a recession due to the Covid-19 pandemic, declining by -3.4%.
Going forward, economic growth is projected to start recovering from early 2021, led by the industrial sector and a rebound in private investment and consumption.
The National Bank of Rwanda (BNR) has successfully maintained average inflation and exchange rate depreciation within single digits.
Source: BNR and IMF WEO
12
22
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