Rwanda ranked Africa’s second by 2020 Economic Freedom Index Report

By Elina Jonas Ruzindaza
On 23 September 2020 at 10:50

Rwanda has been ranked second in Africa and 33 in the world, in terms of economic freedom, with a score of 70.9 in the 2020 Economic Freedom Index Report.

Rwanda’s score this year was down 0.2 compared to last year’s report, as it had 71.1 points.

It is the second year that Rwanda has proven to be at a high level in the second category of free countries, as it includes all countries with a score of between 79.9 and 70. The other category includes countries with a score of between 100 and 80.

This report shows that over the past five years, the economy has grown due to the development of the agricultural sector, as well as investment in the private sector.

Rwanda is commended for being one of the African countries that has performed well in facilitating trade and contributing to the fight against corruption, which is where the score of being a country with integrity comes from.

In 2016 Rwanda had a score of 63.1, the following year it was 67.6 while in 2019 it was 71.1. In sub-Saharan African countries, Mauritius is above Rwanda, ranking first with 74.9 points, having increased by 1.9 points compared to the previous year.

In third place is Botswana with 69.6 points, Seychelles with 64.3 points in fourth place, Cap Vert with 63.6 points while Tanzania is the closest country in the region as it is in sixth place with score 61.7.

The top three countries in the world are Singapore, Hong Kong, and New Zealand while the other major countries in the world such as the UK are in seventh place, Canada in the ninth and the United States, the 17th.