Question

how is it essential economic problems related to rwandan economy

Answer 1

hey!

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5 economy problems know about Rwanda’s economy:-

1. Rapid growth:-

• One of the fastest growing economies in Central Africa, Rwanda notched up GDP growth of around 8% per year between 2001 and 2014.

2. Poverty rates:-

• The country reduced the percentage of people living below the poverty line from 57% in 2005 to 45% in 2010. Despite this, 63% of the population still live in extreme poverty, defined by the World Bank as less than 1.25 a day.

3. Reducing inequality

• Life expectancy, literacy, primary school enrollment and spending on healthcare have all improved.

4. Aid dependence:-

• Foreign aid to Rwanda increased significantly as the country began rebuilding itself after the genocide. A large chunk of government revenues –30-40% of the budget still comes from aid.

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