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India vs Rwanda: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Rwanda ranked 145th with $9.5B. By GDP 5-years average growth and GDP per capita, India and Rwanda ranked 6th vs 7th and 150th vs 180th, respectively.

Gross Domestic Product & Income

StatIndiaRwanda
GDP$2.7T$9.5B
GDP growth, 1 year7.1%8.6%
GDP growth, 5-years average7.6%7.4%
Population1.3B12.2M
GDP per capita$2k$773
GDP per capita growth5.71%5.77%
Purchasing Power Parity conversion factor18.1295.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.34
GDP per capita, PPP adjusted$7.9k$2.3k
GNI, Atlas method$2.7T$9.6B
GNI per capita$2k$780
GNI, PPP adjusted$10.4T$27.1B
GNI per capita, PPP adjusted$7.7k$2.2k

Financial system and Human development

StatIndiaRwanda
Income Tax Rate30.9%30%
Corporate Tax Rate32.4%30%
Inflation, consumer prices3.5%1.4%
Inflation, GDP deflator4.1%-0.8%
Unemployment2.6%1%
Economic Freedom Index56.570.9
Personal Freedom Index6.967.34
Human Freedom Index6.87
Property Rights Index6376.5
Judical Effectiveness Index64.178.3
Business Freedom Index65.660.3
Fiscal Health Index13.186.7
Labor Freedom Index41.281.8
Investment Freedom Index4060
Financial Freedom Index4040
Trade Freedom Index73.470.4
Monetary Freedom Index7379.8
Government Spending Index77.979.8
Tax Burden Index79.479.2
Government Integrity Index47.257.6
Corruption Perceptions Index4156
Life expectancy at birth, years69.268.3
Suicide mortality rate, per 100,000 people16.36.7
Mortality caused by road traffic injury, per 100,000 people22.629.7
Intentional homicides, per 100,000 people3.22.5
International tourism, number of arrivals17.4M932k

Government debt & reserves

StatIndiaRwanda
Central government debt, % of GDP69.8%40.7%
External debt stocks, % of GNI19.3%58%
External debt stocks$521.4B$5.4B
Short-term debt, % of total reserves26.1%8.5%
Total debt service, % of exports and primary income11.4%12.6%
Adjusted net savings including particulate emission damage, % of GNI16.3%-4.4%
Gross savings, % of GDP30.9%12.4%
Gross capital formation, % of GDP31.3%24.4%
Total reserves including gold$399.2B$1.2B
Foreign direct investment net inflows$42.1B$305.5M

Exports, imports and economic structure

StatIndiaRwanda
Exports of goods and services, % of GDP19.7%17.4%
Imports of goods and services, % of GDP23.6%34.1%
Current account balance (balance of payments)-$65.6B-$746.9M
Revenue excluding grants, % of GDP12.9%20%
Grants excluding technical cooperation, BoP$689.4M$621.4M
Personal remittances received$78.8B$260.5M
Industry including construction value added, % of GDP26.7%16.2%
Agriculture, forestry and fishing value added, % of GDP14.6%29%
Charges for the use of intellectual property, payments BoP$7.9BN/A
Charges for the use of intellectual property, receipts BoP$784.9MN/A
Expense, % of GDP14.9%18.9%
Government Expenditure, % of GDP27.1%26%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

Rwanda vs

CountryGDP
per capita
Population
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M