Home Business & TechEconomy How Poor or Rich are Rwandans? Finance Minister Announces Today

How Poor or Rich are Rwandans? Finance Minister Announces Today

by Magnus Mazimpaka
2:54 pm

Later today at 5:00PM, the Finance Minister, Claver Gatete, will announce whether Rwandans are growing richer or poorer.

The Ministry’s Communication Officer, Sam Jean RUBURIKA announced that the minister will elaborate on Rwanda’s GDP figures for 2014.

He declined giving more details.

However, data obtained by KTPress from the International Monetary Fund (IMF) indicate that Rwanda’s Gross Domestic Product (GDP) grew by 8.4%; from US$7.431billion in 2013 to US$8.058billion in 2014. (Data last updated: 02/2014).

While officially opening the 12th National Dialogue Council (Umushyikirano), President Paul Kagame said, referring to the 3rdquarter, that agriculture had contributed 34% to the GDP after services with 47%.

Coffee alone had earned the country US$60M in export revenues.

 

Screenshot from 2015-03-17 13_47_24Table Source: International Monetary Fund

 

Children playing near poor housing area.

Children playing near poor housing area.

 

A section of newly built high-end housing outside Kigali city. The country is currently experiencing construction boom.

A section of newly built high-end housing outside Kigali city. The country is currently experiencing construction boom.

 

Rwandans in the countryside planting Irish potatoes-a staple food crop in the country. Over 75% of the country's Population are engaged in Agriculture.

Rwandans in the countryside planting Irish potatoes-a staple food crop in the country. Over 75% of the country’s Population are engaged in Agriculture.