The
economy of Rwanda has expanded consistently since the
1994 genocide, with real GDP growth of 8.2% in 2023 and 8.9% in 2024, according to the
National Institute of Statistics of Rwanda. Growth is projected at 7.1% in 2025 and 7.5% in 2026, and the government is actively pursuing policies to encourage industrial growth, such as the "Made In Rwanda". As of the most recent survey in 2024, 30.5% of the population are affected by
multidimensional poverty with 27.4% of the population under the national poverty line (monetary poverty), a significant drop from the monetary poverty of 60.3% in 2000. Rwanda was classified in 2024 on the list of
Least developed countries by the
United Nations, despite its graduation in the human assets aspect, Rwanda's
GNI per capita (as an average over three years) and
Economic Vulnerability Index (
agricultural dependence and
landlocked status) are below the graduation threshold. Rwanda's economy is mainly driven by services, agriculture and industry, although agriculture (
subsistence and
cash crops) holds a larger share of employment than the other sectors (64.5%). The share of GDP from different sectors (2024) is as follows: Services constituted 44.3%, Industry constituted 21.5% and agriculture constituted 27.1%. In 2023 its major export partners include
United Arab Emirates,
Democratic Republic of the Congo,
China,
India and the
United States, with the major exports being precious stones/metals, coffee, ores, oil and manufactured goods (
agro-processing, cement, furniture, textiles and plastic pipes). Its major import partners were
China,
Tanzania,
Kenya,
India and the
United Arab Emirates, with its major imports being oil, electric machinery, metals and industrial machinery. Rwanda joined the
East African Community in 2007, and has ratified a plan for
monetary union amongst the seven member nations, which could eventually lead to a common
East African shilling. Rwanda's economy suffered heavily during the 1994 genocide, with widespread loss of life, failure to maintain infrastructure, looting, and neglect of important cash crops. This caused a large drop in GDP and heavily damaged the country's ability to attract private and external investment. However, in the 2000s Rwanda witnessed an economic boom which improved the standard of living for many Rwandans.
Agriculture Agriculture is prominent in Rwanda and approximately 59% of the land is used for agricultural processes. Farming techniques are basic, with small plots of land and steep slopes. Despite at least five agriculture-related institutes, mechanisation levels are moderate to low. Although Rwanda has experienced notable growth in agricultural output, rapid population growth has placed more pressure on food security and increased the population's reliance on food imports. Despite a fertile landscape, the country possesses limited natural resources. Crops grown in the country include
matoke (green bananas), which occupy more than a third of the country's farmland,
potatoes,
beans,
sweet potatoes,
cassava,
wheat and
maize. Coffee and tea are the major cash crops for export, with the high altitudes, steep slopes and volcanic soils providing favourable conditions. Reports have established that more than 400,000 Rwandans make their living from coffee plantation. Reliance on agricultural exports makes Rwanda vulnerable to shifts in their prices. Animals raised in Rwanda include cows, goats, sheep, pigs, chicken, and rabbits, with geographical variation in the numbers of each. Production systems are mostly traditional, although there are a few intensive dairy farms around Kigali. Shortages of land and water, insufficient and poor-quality feed, and regular disease epidemics with insufficient veterinary services are major constraints that restrict output. Fishing takes place on the country's lakes, but stocks are very depleted, and live fish are being imported in an attempt to revive the industry. To promote sustainable practices, the government of Rwanda partnered with the Howard G. Buffett Foundation to establish the
Rwanda Institute for Conservation Agriculture (RICA) in 2019. Located in
Bugesera District, the institution provides hands-on training in
conservation agriculture and "
One Health" principles.
Industry and manufacturing The industrial sector is currently experiencing growth, contributing 21.5% of GDP in 2014. Products manufactured include cement, agricultural products, small-scale beverages, soap, furniture, shoes, plastic goods, textiles and cigarettes. Rwanda's mining industry is an important contributor, generating US$93million in 2008. Minerals mined include
cassiterite,
wolframite, gold, and
coltan, which is used in the manufacture of electronic and communication devices such as mobile phones. Rwanda's
service sector suffered during the
late-2000s recession as bank lending, foreign aid projects and investment were reduced. The sector rebounded in 2010, becoming the country's largest sector by economic output and contributing 43.6% of the country's GDP. Key tertiary contributors include banking and finance, wholesale and retail trade, hotels and restaurants, transport, storage, communication, insurance, real estate, business services and public administration including education and health. Rwanda was ranked 104th in the
Global Innovation Index in 2025.
Tourism Tourism is one of Rwanda's fastest-growing economic sectors and remains the country's leading foreign exchange earner. In 2023, Rwanda recorded over 1.4 million international visitors, generating about US$620 million in revenue, according to the Rwanda Development Board. The World Travel & Tourism Council reported that in 2024, the sector supported nearly 386,000 jobs in Rwanda and contributed over 10% of GDP. A major draw for visitors is
mountain gorilla tracking in
Volcanoes National Park, one of only three places worldwide where mountain gorillas can be seen in the wild. Other attractions include
Nyungwe Forest National Park, known for its chimpanzees and canopy walkway, the resorts of
Lake Kivu, and
Akagera National Park, a savanna reserve in the east home to elephants, lions, and giraffes. The government, through the Rwanda Development Board, has promoted tourism as a pillar of economic growth. Visitor numbers have increased steadily since the early 2000s, with international arrivals often linked to conferences in Kigali as well as ecotourism. In 2018, Rwanda launched the
Visit Rwanda campaign, including sponsorship deals with European football clubs such as
Arsenal F.C.,
Paris Saint-Germain F.C., and
Atlético Madrid, to raise the country's profile as a travel destination. In 2025, Visit Rwanda expanded its sports marketing into the United States, entering multi-year agreements with the
Los Angeles Clippers (NBA) and the
Los Angeles Rams (NFL). As part of the Clippers partnership, Visit Rwanda became the exclusive jersey patch sponsor and the official coffee sponsor of the team's Intuit Dome arena. In the Rams deal, Visit Rwanda is an official international tourism sponsor of the team, SoFi Stadium, and Hollywood Park, and will secure prominent advertising and entitlement placements within the stadium complex. Tourism in Rwanda has been praised for its emphasis on sustainability and conservation.
Media and communications The largest radio and television stations are state-run, and the majority of newspapers are owned by the government. Most Rwandans have access to radio; during the 1994 genocide, the radio station
Radio Télévision Libre des Mille Collines broadcast across the country, and helped to fuel the killings through anti-Tutsi propaganda. , the state-run
Radio Rwanda was the largest station and the main source of news throughout the country. Television access was limited, with most homes not having their own set. The government rolled out
digital television in 2014, and a year later there were seven national stations operating, up from just one in the pre-2014 analogue era. The press is tightly restricted, and newspapers routinely self-censor to avoid government reprisals. Nonetheless, publications in Kinyarwanda, English, and French critical of the government are widely available in Kigali. Restrictions were increased in the run-up to the Rwandan presidential election of 2010, with two independent newspapers,
Umuseso and
Umuvugizi, being suspended for six months by the
High Media Council. The country's oldest telecommunications group,
Rwandatel, went into liquidation in 2011, having been 80% owned by Libyan company
LAP Green. The company was acquired in 2013 by
Liquid Telecom, a company providing telecommunications and
fibre optic networks across eastern and southern Africa. In 2015, Liquid Telecom provided
landline service to 30,968 subscribers, with mobile operator
MTN Rwanda serving an additional 15,497 fixed line subscribers. Landlines are mostly used by government institutions, banks,
NGOs and embassies, with private subscription levels low. In 2015,
mobile phone penetration in the country was 72.6%, up from 41.6% in 2011. MTN Rwanda is the leading provider, with 3,957,986 subscribers, followed by
Tigo with 2,887,328, and
Bharti Airtel with 1,336,679. Rwandatel has also previously operated a mobile phone network, but the industry regulator revoked its licence in April 2011, following the company's failure to meet agreed investment commitments. Internet penetration is low but rising rapidly; in 2015 there were 12.8 internet users per 100 people, up from 2.1 in 2007. In 2011, a fibre-optic telecommunications network was completed, intended to provide broadband services and facilitate electronic commerce. This network is connected to
SEACOM, a
submarine fibre-optic cable connecting communication carriers in southern and eastern Africa. Within Rwanda the cables run along major roads, linking towns around the country. Mobile provider MTN also runs a
wireless internet service accessible in most areas of Kigali via pre-paid subscription. As of 2024, the largest
internet providers are MTN and Airtel. MTN Rwanda has shown impressive growth in its subscriber base. As of the first quarter of 2024, MTN Rwanda had approximately 7.4 million mobile subscribers. (Additionally, their Mobile Money platform, MoMo, had around 5.1 million users), compared to Airtel Rwanda's 5,792,046 active mobile-cellular telephone subscriptions. In October 2019,
Mara Corporation launched the first African-made smartphone in Rwanda. Following its launch in 2024, Airtel Rwanda, in cooperation with the Rwandan government, released the most affordable smartphone in the world, the Airtel Imagine 4G. The phone was introduced as part of the ConnectRwanda 2.0 initiative. It costs only 20,000 RWF (approximately US$14.49).
Infrastructure The Rwandan government prioritised funding of water supply development during the 2000s, significantly increasing its share of the national budget. This funding, along with donor support, caused a rapid increase in access to safe water; in 2015, 74% of the population had access to safe water, up from about 55% in 2005; the government has committed to increasing this to 100% by 2017. The country's water infrastructure consists of urban and rural systems that deliver water to the public, mainly through standpipes in rural areas and private connections in urban areas. In areas not served by these systems, hand pumps and managed springs are used. Despite rainfall exceeding annually in most of the country, little use is made of
rainwater harvesting, and residents are forced to use water very sparingly, relative to usage in other African countries. Access to
sanitation remains low; the United Nations estimates that in 2006, 34% of urban and 20% of rural dwellers had access to
improved sanitation, with this statistic increasing to 92% for the total population (95% urban and 91% rural) in 2022. Kigali is one of the cleanest cities in Africa. Government policy measures to improve sanitation are limited, focusing only on urban areas. The majority of the population, both urban and rural, use public shared
pit latrines. Rwanda's electricity supply was, until the early 2000s, generated almost entirely from
hydroelectric sources; power stations on Lakes
Burera and
Ruhondo provided 90% of the country's electricity. A combination of below average rainfall and human activity, including the draining of the
Rugezi wetlands for cultivation and grazing, caused the two lakes' water levels to fall from 1990 onwards; by 2004 levels were reduced by 50%, leading to a sharp drop in output from the power stations. This, coupled with increased demand as the economy grew, precipitated a shortfall in 2004 and widespread
loadshedding. As an emergency measure, the government installed
diesel generators north of Kigali; by 2006 these were providing 56% of the country's electricity, but were very costly. The government enacted a number of measures to alleviate this problem, including rehabilitating the Rugezi wetlands, which supply water to Burera and Ruhondo and investing in a scheme to extract methane gas from Lake Kivu, expected in its first phase to increase the country's power generation by 40%. Only 18% of the population had access to electricity in 2012, though this had risen from 10.8% in 2009. The government's Economic Development and Poverty Reduction Strategy for 2013–18 aims to increase access to electricity to 70% of households by 2017. The government has increased investment in the
transport infrastructure of Rwanda since the 1994 genocide, with aid from the United States,
European Union, Japan, and others. The transport system consists primarily of the road network, with paved roads between Kigali and most other major cities and towns in the country. Rwanda is linked by road to other countries in the East African Community, namely Uganda, Tanzania, Burundi and
Kenya, as well as to the eastern Congolese cities of
Goma and
Bukavu; the country's most important trade route is the road to the port of
Mombasa via
Kampala and
Nairobi, which is known as the
Northern Corridor. The principal form of public transport in the country is the
minibus, accounting for more than half of all passenger carrying capacity. Some minibuses, particularly in Kigali, operate an unscheduled service, under a
shared taxi system, while others run to a schedule, offering express routes between the major cities. There are a smaller number of large buses, which operate a scheduled service around the country. The principal private hire vehicle is the
motorcycle taxi; in 2013 there were 9,609 registered motorcycle taxis in Rwanda, compared with just 579
taxicabs.
Coach services are available to various destinations in neighbouring countries. The country has an
international airport at Kigali that serves several international destinations, the busiest routes being those to
Nairobi and
Entebbe; there is one domestic route, between Kigali and
Kamembe Airport near
Cyangugu. In 2017, construction began on the
Bugesera International Airport, to the south of Kigali, which will become the country's largest when it opens, complementing the existing Kigali airport. The national carrier is
RwandAir, and the country is served by seven foreign airlines. the country had no railways, but there is a project underway, in conjunction with Burundi and Tanzania, to extend the Tanzanian
Central Line into Rwanda; the three countries have invited expressions of interest from private firms to form a
public private partnership for the scheme. There is no public water transport between the port cities on Lake Kivu, although a limited private service exists and the government has initiated a programme to develop a full service. The
Ministry of Infrastructure is also investigating the feasibility of linking Rwanda to
Lake Victoria via shipping on the
Akagera River.
Financial services The financial sector in Rwanda is the third-largest contributor to the service sector and is supervised by the
National Bank of Rwanda (BNR). As of March 2025, the sector's total assets stood at
FRW 13.6 trillion (approx. US$9.4 billion), representing a year-on-year growth of 23.2%. Rwanda has achieved near-universal financial inclusion, largely driven by mobile technology. According to the 2024 FinScope survey,
96% of the adult population is financially included, with the majority relying on non-bank mobile financial services. Mobile money platforms, operated primarily by
MTN Rwanda and
Airtel Rwanda, have effectively replaced cash for daily economic activity. In 2024, the total value of mobile money transactions reached
Rwf 21.0 trillion, exceeding the country's nominal GDP (Rwf 18.8 trillion). This high monetary velocity is supported by the government's "Cashless Rwanda" policy and the "eKash" interoperability system, which allows seamless transfers between rival telecom operators and commercial banks.
Capital markets The
Rwanda Stock Exchange (RSE) is the principal stock exchange with a market capitalization of approximately
FRW 4.6 trillion (US$3.1 billion) as of December 2025. In 2024, the market expanded into sustainable finance with the listing of its first "Green Bonds" and "Sustainability-Linked Bonds." Parallel to equities, the
East Africa Exchange (EAX) is a regional agricultural commodities exchange based in Kigali, which operates a warehouse receipt system for stored agricultural commodities, including the use of electronic warehouse receipts in commodity trading. The sector is anchored by the
Kigali International Financial Centre (KIFC), a government initiative launched in 2020 to position Rwanda as a pan-African financial hub. Managed by Rwanda Finance Limited, KIFC provides a legal and tax framework designed to attract investment funds, family offices, and fintech ventures. == Demographics ==