2030 growth predictions for Rwanda

Mar 11, 2020 | 2030 Forecast, Forecast, Markets, Rwanda

ABiQ predicts the country's population will hit 15.3 million by 2030, resulting in the need for 1.6 new housing units and 17 new hospitals. But what else will it need?

With an estimated increase of 15% in its population by 2030, Rwanda is set to grow by more than 2.5 million people according to ABiQ’s intelligent forecasting tool. This will bring Rwanda’s total to around 15.3 million.

The country’s GDP is about to cross US $9.5 billion, approximately $750 per capita. Its economy is agriculturally based, which makes up the bulk of its exports.

The increase in population will drive electricity demand to reach 580MW, and the development of 1.6 million new housing units. An estimated 400 thousand square metres of retail space will also be required.

Over 16,500 new teachers will be needed to support the 3.5 million children estimated to be at school during the next decade. This has been calculated on a ratio of 30 children per teacher.

To support the increasing needed for healthcare, ABiQ estimates that 17 new hospitals will be required by 2030. This opens up job opportunities for 420 new physicians to maintain the current standard of living.

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Rwanda 
Population in 2020 12.9 million 
Population by 2030 15.3 million 
GDP 2018 US $9.5 bn 
Electricity Capacity required by 2030 580 MW 
Potable Water required by 2030 1.1 bn cm3 
New housing by 2030 1.6 million units 
Additional retail by 2030 400 thousand m2 
Children in school by 2030 3.5 million 
New Hospitals required by 2030 17 new hospitals 

 

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