4.3.3. Economic Focus on Rwanda (Edexcel A-Level Economics Teaching PowerPoint)

This teaching powerpoint covers some economic growth and development issues for Rwanda.

Rwanda has been experiencing impressive economic growth in recent years:

• In the last two decades, Rwanda's GDP has grown at an average rate of 7.5% annually, making it one of the fastest-growing economies in Africa.
• Foreign investment has increased significantly in recent years, driven by improvements in the business environment and investment incentives.
• The government has implemented reforms to attract foreign investment, including simplifying the process of starting a business and reducing bureaucracy.
• Infrastructure has also been a focus of investment, with the government investing in roads, power generation, and telecommunications

Poverty: Rwanda is a low-income country with a large percentage of the population living in poverty.Agriculture: Agriculture is the mainstay of the Rwandan economy, but it is susceptible to weather shocks and low productivity.Infrastructure: The country's infrastructure is underdeveloped, which limits economic growth and hinders access to markets and services.Limited diversification: The economy is largely dependent on a few primary products, such as tea and coffee, leaving it vulnerable to price fluctuations and external shocks.Political risk: Rwanda's political stability is fragile and can negatively impact the economy and foreign investment.