- Economy Overview: About 40% of GDP comes from the agricultural sector; coffee and tea make up 80-90% of total exports. The amount of fertile land is limited, however, and deforestation and soil erosion have created problems. The industrial sector in Rwanda is small, contributing less than 20% to GDP. Manufacturing focuses mainly on the processing of agricultural products. The Rwandan economy remains dependent on coffee exports and foreign aid, with no relief in sight. Weak international prices since 1986 have caused the economy to contract and per capita GDP to decline.
GDP: $2.3 billion, per capita $325; real growth rate - 2.5% (1988 est.)
Inflation rate (consumer prices): 3% (1988)
Unemployment rate: NA%
Budget: revenues $413 million; expenditures $522 million, including capital expenditures of $230 million (1988 est.)
Exports: $118 million (f.o.b., 1988); commodities—coffee 85%, tea, tin, cassiterite, wolframite, pyrethrum; partners—FRG, Belgium, Italy, Uganda, UK, France, US
Imports: $278 million (f.o.b., 1988); commodities—textiles, foodstuffs, machines and equipment, capital goods, steel, petroleum products, cement and construction material; partners—US, Belgium, FRG, Kenya, Japan
External debt: $645 million (December 1989 est.)
Industrial production: growth rate 1.2% (1988)
Electricity: 26,000 kW capacity; 112 million kWh produced, 15 kWh per capita (1989)