![]() In 2019, Rwanda registered investments worth US$ 2.46 billion, an increase of 22.6% from the previous year. The value of investments registered more than tripled from US$400 million in 2010 to US$2.006 billion in 2018. As a result, Rwanda jumped over 100 places in the World Bank Doing Business Index, today ranking 38th globally and 2nd in Africa. Over the last ten years, Rwanda has implemented a successful doing business reform agenda in order to create a favourable and competitive business environment. Collected domestic taxes increased 20 times while the national budget increased 14 times over the last 20 years. Inflation has fallen from 101% in 1995 to 1.1% in 2018. The sustained economic growth has led to one million people being lifted out of poverty (between 20) wile the life expectancy has risen from 29 years in 1994 to 67 years in 2016. The country registered an average GDP growth of around 8 percent per year over the last two decades, with a double-digit growth recorded in the last two quarters of 2019 (12% growth in the 2nd quarter, and 11.9% in the 3rd quarter). Rwanda's Gross Domestic Product (GDP) has risen from $752 million in 1994 to $9.5 billion in 2018, and the GDP per capita has grown from $125.5 to $787 during the same period. Rwanda’s economy has tremendously recovered over the last two decades. ![]()
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