Rwanda vs South Africa: Economic Indicators Comparison
South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Rwanda ranked 145th with $9.5B. By GDP 5-years average growth and GDP per capita, South Africa and Rwanda ranked 151st vs 7th and 95th vs 180th, respectively.
Gross Domestic Product & Income
| Stat |  Rwanda |  South Africa |
|---|---|---|
| GDP | $9.5B | $368.3B |
| GDP growth, 1 year | 8.6% | 0.8% |
| GDP growth, 5-years average | 7.4% | 1.1% |
| Population | 12.2M | 57.7M |
| GDP per capita | $773 | $6.4k |
| GDP per capita growth | 5.77% | -0.57% |
| Purchasing Power Parity conversion factor | 295.65 | 6.16 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.34 | 0.47 |
| GDP per capita, PPP adjusted | $2.3k | $14k |
| GNI, Atlas method | $9.6B | $332.3B |
| GNI per capita | $780 | $5.8k |
| GNI, PPP adjusted | $27.1B | $765.8B |
| GNI per capita, PPP adjusted | $2.2k | $13k |
Financial system and Human development
| Stat | Rwanda | South Africa |
|---|---|---|
| Income Tax Rate | 30% | 45% |
| Corporate Tax Rate | 30% | 28% |
| Inflation, consumer prices | 1.4% | 4.6% |
| Inflation, GDP deflator | -0.8% | 3.9% |
| Unemployment | 1% | 27% |
| Economic Freedom Index | 70.9 | 58.8 |
| Personal Freedom Index | 7.34 | 6.92 |
| Human Freedom Index | 7 | 6.78 |
| Property Rights Index | 76.5 | 58.4 |
| Judical Effectiveness Index | 78.3 | 38 |
| Business Freedom Index | 60.3 | 62 |
| Fiscal Health Index | 86.7 | 64 |
| Labor Freedom Index | 81.8 | 58.8 |
| Investment Freedom Index | 60 | 45 |
| Financial Freedom Index | 40 | 50 |
| Trade Freedom Index | 70.4 | 75.8 |
| Monetary Freedom Index | 79.8 | 75.9 |
| Government Spending Index | 79.8 | 67.4 |
| Tax Burden Index | 79.2 | 63.7 |
| Government Integrity Index | 57.6 | 46.6 |
| Corruption Perceptions Index | 56 | 43 |
| Life expectancy at birth, years | 68.3 | 63.5 |
| Suicide mortality rate, per 100,000 people | 6.7 | 11.6 |
| Mortality caused by road traffic injury, per 100,000 people | 29.7 | 25.9 |
| Intentional homicides, per 100,000 people | 2.5 | 35.9 |
| International tourism, number of arrivals | 932k | 10.5M |
Government debt & reserves
| Stat | Rwanda | South Africa |
|---|---|---|
| Central government debt, % of GDP | 40.7% | 56.7% |
| External debt stocks, % of GNI | 58% | 50.6% |
| External debt stocks | $5.4B | $179.3B |
| Short-term debt, % of total reserves | 8.5% | 70.9% |
| Total debt service, % of exports and primary income | 12.6% | 19.9% |
| Adjusted net savings including particulate emission damage, % of GNI | -4.4% | 0.6% |
| Gross savings, % of GDP | 12.4% | 14.9% |
| Gross capital formation, % of GDP | 24.4% | 17.9% |
| Total reserves including gold | $1.2B | $51.6B |
| Foreign direct investment net inflows | $305.5M | $5.5B |
Exports, imports and economic structure
| Stat | Rwanda | South Africa |
|---|---|---|
| Exports of goods and services, % of GDP | 17.4% | 29.9% |
| Imports of goods and services, % of GDP | 34.1% | 29.6% |
| Current account balance (balance of payments) | -$746.9M | -$13.4B |
| Revenue excluding grants, % of GDP | 20% | 30.9% |
| Grants excluding technical cooperation, BoP | $621.4M | $817.9M |
| Personal remittances received | $260.5M | $929M |
| Industry including construction value added, % of GDP | 16.2% | 25.9% |
| Agriculture, forestry and fishing value added, % of GDP | 29% | 2.2% |
| Charges for the use of intellectual property, payments BoP | N/A | $1.8B |
| Charges for the use of intellectual property, receipts BoP | N/A | $120.7M |
| Expense, % of GDP | 18.9% | 34.4% |
| Government Expenditure, % of GDP | 26% | 33% |
