Rwanda's Gross Domestic Product (GDP) grew by 8.2 per cent to Rwf 16,355 billion in 2023, boosted largely by the services sector, the National Institute of Statistics of Rwanda (NISR) said on Monday, March 11.
  • Tangent5280@lemmy.worldEnglish
    111·
    4 months ago

    Rwanda is a very interesting case study, considering the stability inside its borders and the sustained economic growth, juxtaposed to its geographical position, surrounded by poor countries that are on a race to become poorer.

    • BakerBagel@midwest.socialEnglish
      13·
      4 months ago

      The wealth in Rwanda isn’t really trickling down either. They are essentially cheesing economic metrics to look appealing to foreign investment firms. They also keep sliding further into authoritarianism as the president cracks down on all dissent.

      Case study is definitely the right term because what they are doing isn’t really replicable.

    • SeaJ@lemm.eeEnglish
      2·
      4 months ago

      For all the praise that Rwanda seems to get for its economy, I don’t see how it is at all deserved. It is still one of the past countries in the world and its growth rate over the past decade is not much different than Burundi and Ethiopia. I feel like Rwanda just puts more money into marketing.

  • crazyCat@sh.itjust.worksEnglish
    4·
    4 months ago

    Great. But is it just GDP growth (a large export of something can make that pop) or is it the whole economy growing and critically real standards of living and wages improving.