Rwandan Economics- THREAD
Economy braved global economic constraints, climate shocks &inflationary pressure to grow at the 8.2% in FY 2022. Sectors that have driven the growth are Service representing 47% of the national GDP, agriculture-25% while Industry accounted for 21%
#RwOT
@TheGreatLakesE1 @Rwandan_Patriot @Rugusuki @RwandaFinance @RwandaOGS @jumuiya @r_rukaka @The_EastAfrican @guardian @business Rwanda’s GDP’s current market value is calculated at US$ 12,681,551,309 (Rwf13,716 billion) in 2022, having grown from up from US$ 10,121,462,424 (Rwf10,930 billion) in the FY2021.
Such metrics shows a remarkable growth in spite of the global economic difficulties owing to the Russia-Ukraine war and effects of the climate change.
#RwOT @RwandaFinance @statisticsRW
@RwandaFinance @statisticsRW #Kagame deployed sound economic policies &aligned resources in the infrastructure dev't including building a robust hospitality industry &world-class sports infrastructure which attracted high-level summits &events worldwide and increasing the number of tourists visiting Rwanda.
@RwandaFinance @statisticsRW Rwanda is gradually moving from an importing country to a manufacturing and exporting nation. Rwanda’s exports grew by 39.4% in 2022. The country’s cash crops such as coffee and tea added to mineral exports to drive the increment.
#RwOT
#Rwanda's balance of trade has also improved owing to revenues earned from the exports vis-à-vis the decrease in imports powered by big number of industries in the country. #RwOT
President #Kagame’s gov't has increased its budget resources from FRW3.4 trillion to Frw4.6 trillion in order to accelerate development towards the realization of the National Strategy for Transformation-NST1 agenda as underscored in President #Kagame’s 7-year manifesto #RwOT
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