The benchmark interest rate in Rwanda was last recorded at 6.75 percent. This dataset provides the latest reported value for - Rwanda Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Abstract

The World Bank Enterprise Survey (WBES) is a firm-level survey of a representative sample of an economy's private sector. The surveys cover a broad range of topics related to the business environment including access to finance, corruption, infrastructure, competition, and performance.

Geographic coverage

National coverage

Analysis unit

The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.

Universe

The universe of inference includes all formal (i.e., registered) private sector businesses (with at least 1% private ownership) and with at least five employees. In terms of sectoral criteria, all manufacturing businesses (ISIC Rev 4. codes 10-33) are eligible; for services businesses, those corresponding to the ISIC Rev 4 codes 41-43, 45-47, 49-53, 55-56, 58, 61-62, 69-75, 79, and 95 are included in the Enterprise Surveys. Cooperatives and collectives are excluded from the Enterprise Surveys. All eligible establishments must be registered with the registration agency. In the case of Rwanda, registration was from the Rwanda Revenue Authority (RRA).

Kind of data

Sample survey data [ssd]

Sampling procedure

The WBES use stratified random sampling, where the population of establishments is first separated into non-overlapping groups, called strata, and then respondents are selected through simple random sampling from each stratum. The detailed methodology is provided in the Sampling Note (https://www.enterprisesurveys.org/content/dam/enterprisesurveys/documents/methodology/Sampling_Note-Consolidated-2-16-22.pdf). Stratified random sampling has several advantages over simple random sampling. In particular, it:

• produces unbiased estimates of the whole population or universe of inference, as well as at the levels of stratification
• ensures representativeness by including observations in all of those categories
• produces more precise estimates for a given sample size or budget allocation, and
• may reduce implementation costs by splitting the population into convenient subdivisions.

The WBES typically use three levels of stratification: industry classification, establishment size, and subnational region (used in combination). Starting in 2022, the WBES bases the industry classification on ISIC Rev. 4 (with earlier surveys using ISIC Rev. 3.1). For regional coverage within a country, the WBES has national coverage.

Note: Refer to Sampling Structure section in "The Rwanda 2023 World Bank Enterprise Survey Implementation Report" for detailed methodology on sampling.

Mode of data collection

Face-to-face [f2f]

Research instrument

The standard WBES questionnaire covers several topics regarding the business environment and business performance. These topics include general firm characteristics, infrastructure, sales and supplies, management practices, competition, innovation, capacity, land and permits, finance, business-government relations, exposure to bribery, labor, and performance. Information about the general structure of the questionnaire is available in the Enterprise Surveys Manual and Guide (https://www.enterprisesurveys.org/content/dam/enterprisesurveys/documents/methodology/Enterprise-Surveys-Manual-and-Guide.pdf).

The questionnaire implemented in the Rwanda 2023 WBES included additional questions tailored for the Business Ready Report covering infrastructure, trade, government regulations, finance, labor, and other topics.

Response rate

Overall survey response rate was 51.7%.

Rwanda RW: GNI per Capita: PPP: 2017 Price data was reported at 2,316.559 Intl $ in 2022. This records an increase from the previous number of 2,192.607 Intl $ for 2021. Rwanda RW: GNI per Capita: PPP: 2017 Price data is updated yearly, averaging 1,186.215 Intl $ from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 2,316.559 Intl $ in 2022 and a record low of 476.698 Intl $ in 1994. Rwanda RW: GNI per Capita: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Rwanda – Table RW.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

Rwanda GNI: PPP: 2021 Price data was reported at 41,868.781 Intl $ mn in 2023. This records an increase from the previous number of 38,632.067 Intl $ mn for 2022. Rwanda GNI: PPP: 2021 Price data is updated yearly, averaging 13,858.289 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 41,868.781 Intl $ mn in 2023 and a record low of 3,886.733 Intl $ mn in 1994. Rwanda GNI: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Rwanda – Table RW.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Rwanda RW: Educational Attainment: At Least Bachelor's or Equivalent: Population 25+ Years: Male: % Cumulative data was reported at 2.904 % in 2012. Rwanda RW: Educational Attainment: At Least Bachelor's or Equivalent: Population 25+ Years: Male: % Cumulative data is updated yearly, averaging 2.904 % from Dec 2012 (Median) to 2012, with 1 observations. Rwanda RW: Educational Attainment: At Least Bachelor's or Equivalent: Population 25+ Years: Male: % Cumulative data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Rwanda – Table RW.World Bank: Education Statistics. The percentage of population ages 25 and over that attained or completed Bachelor's or equivalent.; ; UNESCO Institute for Statistics; ;

Rwanda RW: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita data was reported at 1,854.211 Intl $ in 2017. This records an increase from the previous number of 1,790.255 Intl $ for 2016. Rwanda RW: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 972.703 Intl $ from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1,854.211 Intl $ in 2017 and a record low of 496.084 Intl $ in 1994. Rwanda RW: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Rwanda – Table RW.World Bank: Gross Domestic Product: Purchasing Power Parity. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.; ; World Bank, International Comparison Program database.; Weighted Average;