Current account balance as a proportion of GDP (%) in Rwanda
Rwanda: Current account balance as a proportion of GDP (%) was -12.7% in 2024. ▼ Falling
Current account balance as a proportion of GDP in Rwanda, 2010–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Rwanda is -12.7%, measured in 2024.
The figure is down 10.4% on the previous year and down 11.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Rwanda peaked at -6.5% in 2010 and was at its lowest, -15.3%, in 2016.
Rwanda ranks 181st of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Current account balance as a proportion of GDP (%) in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 2010 | -6.5% | — |
| 2011 | -6.9% | +6.3% |
| 2012 | -9.7% | +39.7% |
| 2013 | -7.5% | -22.7% |
| 2014 | -11.3% | +51.6% |
| 2015 | -12.7% | +11.8% |
| 2016 | -15.3% | +20.7% |
| 2017 | -9.5% | -38.2% |
| 2018 | -10.1% | +6.9% |
| 2019 | -11.9% | +17.6% |
| 2020 | -12.1% | +1.4% |
| 2021 | -10.9% | -9.5% |
| 2022 | -9.4% | -14.2% |
| 2023 | -11.5% | +22.7% |
| 2024 | -12.7% | +10.4% |
Rwanda compared with similar countries
- Rwanda's -12.7% is below the median for low income countries, which is -7.7%, 1.6× the median. (19 countries reporting)
- Rwanda's -12.7% is below the median for Sub-Saharan Africa, which is -4.1%, 3.1× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -10.1% | -15.3% | -6.5% | 10 |
| 2020s | -11.3% | -12.7% | -9.4% | 5 |
Countries ranked near Rwanda
- 178 Côte d'Ivoire -11.4% compare
- 178 Cote d'Ivoire -11.4% compare
- 180 Vanuatu -12.1% compare
- 182 Saint Vincent and the Grenadines -13.5% compare
- 183 Niger -14.0% compare
- 184 Saint Kitts and Nevis -15.1% compare
More economy & growth data for Rwanda
- Real gdp growth, annual growth rate -15.81 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 7.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -78.73 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.51 units per person (2025)
- SDRs holdings, SDR, annual growth rate -79.75 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.1 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Rwanda?
- Current account balance as a proportion of gdp in Rwanda was -12.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Rwanda?
- The highest recorded value was -6.5% in 2010.
- What is the lowest current account balance as a proportion of gdp recorded in Rwanda?
- The lowest recorded value was -15.3% in 2016.
- How does Rwanda rank for current account balance as a proportion of gdp?
- Rwanda ranks 181st out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Rwanda?
- Over the last ten years it is down 11.8%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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