After a contraction of 3.4 percent in 2020, due to COVID-19, Rwanda's GDP growth reached 10 percent in 2021. Inflation declined from 7.7 percent in 2020 to 0.8 percent in 2021. Monetary policy remained accommodative, and the policy rate was maintained at 4.5 percent from May 2020 to February 2022, when it was raised to 5 percent to cope with expected inflation spikes. The current account deficit widened from 12.2 percent of GDP in 2020 to 13.5 percent of GDP in 2021. The Rwandan franc was relatively stable in 2021, falling by 2.6 percent against the dollar.(Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
The Rwanda Stock Exchange (RSE) has 10 listed companies at the end of 2022, representing a market capitalization of $3.4 billion. Between 2018-2021, foreign direct investment flows to Rwanda have been on a downward trend, falling from $381.9 million to $211.9 million. By 2021, the decline was 23%.
