Partner risk indices

Country Risk Index

53.3

Political Risk Index

46.3

Short-Term Economic Risk Index

62.5

Long-Term Economic Risk Index

59.8

Operational Risk Index

52.5

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

Market overview

• Rwanda is in East Africa and is classified by the World Bank as Low income. (World Bank)
• Population: 14.6 million (2025). (World Bank WDI)
• GDP: US$16.4bn in 2025 (estimate). (IMF WEO)

Economic conditions

• Real GDP growth: 9.4% in 2025 (estimate); the IMF projects 7.4% for 2026. (IMF WEO)
• Average consumer price inflation: 7% in 2025 (estimate); projected 12.3% for 2026. (IMF WEO)
• General government gross debt: 64.7% of GDP in 2025 (estimate). (IMF WEO)
• Current account balance: -9.8% of GDP in 2025 (estimate). (IMF WEO)
• Government net lending/borrowing: -4.4% of GDP in 2025 (estimate). (IMF WEO)
• Official exchange rate averaged 1,428.48 local currency units per US dollar in 2025, against 1,160.1 in 2023: 23.1% more units per dollar (the currency weakened against the dollar). (World Bank WDI)

Key risks

• Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 53.3 (rank 15 of 53 in Africa, 1 = lowest risk); Political Risk Index 46.3 (rank 15 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 62.5 (rank 45 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 59.8 (rank 36 of 53 in Africa, 1 = lowest risk); Operational Risk Index 52.5 (rank 8 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
• Highest-scoring Partner risk component: logistics risk (55.3, operational). (Partner Research Partner)
• World Bank governance scores (2025, 0-100, higher is better): control of corruption 61; government effectiveness 6; political stability and absence of violence 68; rule of law 6; regulatory quality 6. (World Bank WGI)
• External debt stocks: 90.9% of GNI (2025). (World Bank WDI)
• Unemployment (modelled ILO estimate): 11.4% of labour force (2025). (World Bank WDI)

Investment considerations

• Foreign direct investment, net inflows: 5.9% of GDP (2025). (World Bank WDI)
• Domestic credit to the private sector: 22.1% of GDP (2025). (World Bank WDI)
• Bank lending interest rate: 16% (2024). (World Bank WDI)
• Trade (exports plus imports): 56.7% of GDP (2025). (World Bank WDI)
• The Meridian holds 595 published records tagged to Rwanda. (The Meridian)

Sector snapshot

• Energy and power: access to electricity 72% of population (2024); renewable share of final energy consumption 79.9% (2022). (World Bank WDI)
• Mining and minerals: mineral rents 0% of GDP (2021); ores and metals exports 20.9% of merchandise exports (2022). (World Bank WDI)
• Financial services: foreign direct investment, net inflows 5.9% of GDP (2025); bank lending interest rate 16% (2024). (World Bank WDI)
• Technology, media and telecoms: internet users 31.7% of population (2024); mobile subscriptions 93.2 per 100 people (2024). (World Bank WDI)
• Agriculture: agriculture, forestry and fishing, value added 20.3% of GDP (2025); employment in agriculture 35.1% of employment (2025). (World Bank WDI)
• Manufacturing and industry: manufacturing, value added 8.3% of GDP (2025); industry (including construction), value added 22% of GDP (2025). (World Bank WDI)
• Infrastructure and real estate: urban population 30.9% of population (2025); access to electricity 72% of population (2024). (World Bank WDI)

Data limitations and sources

• Older data, shown with its period and not described as current: Renewable share of final energy consumption (Latest published value is for 2022); Oil rents (Latest published value is for 2021); Fuel exports (Latest published value is for 2022); Mineral rents (Latest published value is for 2021); Ores and metals exports (Latest published value is for 2022).
• IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
• Sources last checked 15 Nov 2026.

Meridian transactions

• Linah Farms, Catalyst Fund and KBW Ventures invest USD 1.05 million in NoorNation
• Circle Ventures invests in CrissCross’ operations in Africa
• Energy and Environment Partnership Trust Fund (EEP Africa) invests EUR 1 million in Solarise Africa’s operations in Uganda and Zambia
• Airtel Money’s IPO at GBP 529 million
• Moussa Diao and Hervé Bouvet acquire Oryx Energies in a management buyout
• FINCA Ventures invests USD 40k in ChatCash’s operations in Rwanda and Zimbabwe