In its report released last week, the World Bank names Rwanda and six other African nations as countries that have exhibited economic resilience in recent past that saw them post annual growth rate above 5.4% in 2015-2017.
The six others include Côte d’Ivoire, Ethiopia, Kenya, Mali, Senegal and Tanzania.
The report, dubbed Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, points out that the aforementioned economies registered upswing in economic performance partly on account of strong domestic demand.
“These countries house nearly 27% of the region’s population and account for 13% of the region’s total GDP,” it said in a press statement issued last week.
Rwanda’s economy grew by 5.9% in 2016, according to figures from the National Institute of Statistics of Rwanda (NISR).