Rwanda at a glance
Rwanda is a small landlocked country in East Africa. It is bordered by the Democratic Republic of Congo (DRC) to the west, Tanzania to the east, Uganda to the north, and Burundi to the south. The population is rural and young; approximately 43% are under age 15 and an estimated 90% are subsistence farmers. Coffee and tea are the main cash crops for export.
The 1994 genocide did significant damage to Rwanda's fragile economic base, severely impoverishing the population and temporarily stalling the country's ability to attract private and external investment. However, Rwanda has been able to make important economic and structural reforms and sustain its economic growth rates over the last decade. GDP has rebounded with an average annual growth of 7% - 8% since 2003 and inflation has been reduced to single digits. Nonetheless, as of 2015, 39% of the population still live below the poverty line, according to government statistics, compared to 57% in 2006.
Rwanda is trying to overcome the limitations of its small, landlocked economy by leveraging regional trade. Rwanda has embraced an expansionary fiscal policy to reduce poverty by improving education, infrastructure, and foreign and domestic investment, and pursuing market-oriented reforms.
The country has also made remarkable progress since 1994, particularly in promoting good governance and delivering essential services to the poor. Rwanda is known worldwide for its good governance record and zero tolerance for corruption and promotion of gender equality.