RWANDA

Country risk rating

B2

MEDIUM RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

Swipe to view more

GDP USD 10.57bn
Population 11.9mn
Form of state Republic
Head of government Paul Kagame
Next elections 2024, Presidential
  • One of the best business environments in Africa, often better than in some Advanced Economies
  • Growth is high and was not affected by the progressive rebalancing of the policy-mix
  • Poverty decreased visibly in the last 25 years
  • A leading engine in terms of trade openness, trying to organize a regional/continental approach to free trade
  • Foreign currency liquidity is adequate (low debt loads, good import cover of foreign reserves)
  • The development of the capital stock is driving capital goods imports, triggering a structural current account deficit: FDI covers only about 40% of this deficit
  • Increasing financial inclusion implies a strong credit growth, that has to be monitored carefully in order to avoid higher non-performing loans in the future
  • The weak political situation in neighbouring countries (RDC mainly) can reverberate on security issues in Rwanda

Trade structure by destination/origin

(% of total)

Exports Rank Imports
UAE 27%
1
13% China
D.R.Congo 18%
2
12% Uganda
Kenya 9%
3
10% France
U.S.A. 5%
4
10% Kenya
Thailand 4%
5
6% India

Trade structure by product

(% of total)

Exports Rank Imports
Coffee, tea, cocoa, spices, and manufactures thereof 20%
1
15% Other transport equipment
Metalliferous ores and metal scrap 18%
2
6% Telecommunication and sound recording apparatus
Petroleum, petroleum products and related materials 16%
3
5% Non metallic mineral manufactures
Cereals and cereal preparations 9%
4
5% Medicinal and pharmaceutical products
Gold, non-monetary (excluding gold ores and concentrates) 8%
5
5% Road vehicles

Euler Hermes

Economic Research Team

research@eulerhermes.com

Stéphane Colliac

Senior Economist for France and Africa

stephane.colliac@eulerhermes.com

VIEW OUR SOLUTION