Montenegro vs Rwanda: Economic Indicators Comparison

Rwanda with a GDP of $9.5B ranked the 145th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Rwanda and Montenegro ranked 7th vs 67th and 180th vs 81st, respectively.

Gross Domestic Product & Income

StatMontenegroRwanda
GDP$5.5B$9.5B
GDP growth, 1 year4.5%8.6%
GDP growth, 5-years average3.5%7.4%
Population622k12.2M
GDP per capita$8.8k$773
GDP per capita growth5.08%5.77%
Purchasing Power Parity conversion factor0.36295.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.34
GDP per capita, PPP adjusted$19k$2.3k
GNI, Atlas method$5.2B$9.6B
GNI per capita$8.4k$780
GNI, PPP adjusted$13B$27.1B
GNI per capita, PPP adjusted$21k$2.2k

Financial system and Human development

StatMontenegroRwanda
Income Tax Rate9%30%
Corporate Tax Rate9%30%
Inflation, consumer prices2.6%1.4%
Inflation, GDP deflator3.2%-0.8%
Unemployment15.5%1%
Economic Freedom Index61.570.9
Personal Freedom Index8.127.34
Human Freedom Index7.677
Property Rights Index59.176.5
Judical Effectiveness Index55.378.3
Business Freedom Index70.860.3
Fiscal Health Index23.486.7
Labor Freedom Index74.881.8
Investment Freedom Index7560
Financial Freedom Index5040
Trade Freedom Index83.870.4
Monetary Freedom Index80.379.8
Government Spending Index32.179.8
Tax Burden Index85.479.2
Government Integrity Index47.557.6
Corruption Perceptions Index4556
Life expectancy at birth, years76.768.3
Suicide mortality rate, per 100,000 people10.36.7
Mortality caused by road traffic injury, per 100,000 people10.729.7
Intentional homicides, per 100,000 people2.42.5
International tourism, number of arrivals2.1M932k

Government debt & reserves

StatMontenegroRwanda
Central government debt, % of GDP72.1%40.7%
External debt stocks, % of GNI144.1%58%
External debt stocks$8B$5.4B
Short-term debt, % of total reserves17.2%8.5%
Total debt service, % of exports and primary income63.7%12.6%
Adjusted net savings including particulate emission damage, % of GNIN/A-4.4%
Gross savings, % of GDP14.9%12.4%
Gross capital formation, % of GDP31.9%24.4%
Total reserves including gold$1.2B$1.2B
Foreign direct investment net inflows$485.7M$305.5M

Exports, imports and economic structure

StatMontenegroRwanda
Exports of goods and services, % of GDP42.9%17.4%
Imports of goods and services, % of GDP66.7%34.1%
Current account balance (balance of payments)-$943M-$746.9M
Revenue excluding grants, % of GDPN/A20%
Grants excluding technical cooperation, BoP$57.7M$621.4M
Personal remittances received$588.9M$260.5M
Industry including construction value added, % of GDP15.9%16.2%
Agriculture, forestry and fishing value added, % of GDP6.7%29%
Charges for the use of intellectual property, payments BoP$6MN/A
Charges for the use of intellectual property, receipts BoP$432kN/A
Expense, % of GDPN/A18.9%
Government Expenditure, % of GDP47.6%26%

Compare with countries close by GDP per capita

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M

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