ICT adds 2% to Rwandan national GDP in 2014
ICT contributed 2% to the national GDP in the first two quarters which grew to 3% by the 3rd quarter 2014 due to a growth of 25% of the sector. This is according to the Rwandan government, which said in its highlights of the year that ICT’s contribution to GDP was ahead of those by agriculture and mining exports combined.
In terms of foreign direct investments, the ICT sector has worked as a magnet, attracting 45% of the total in-flows which is more than the next 5 sectors combined, including trade, financial sector, mining and manufacturing.
A recent study revealed that ICT contributes 3.7% in advanced economies whereas in Africa, ICT contribution to GDP is at a growing 1.1% on average.
The government said ICT was ‘a central engine to driving Rwanda’s transformation to a knowledge based economy’, a fact Rwanda has acknowledged by allocating a budget to ICT - as a percentage of its GDP - that is on par with OECD countries.
Rwanda notes that it continues to be one of the fastest growing African countries in ICT and there are several avenues for growth for the ICT sector – from e-commerce and e-services, mobile technologies, applications development and automation to becoming a regional center for the training of top quality ICT professionals and research.