Current account balance as a proportion of gdp in Rwanda
Rwanda: Current account balance as a proportion of gdp was -11.73 in 2023. ▼ Falling
Current account balance as a proportion of gdp in Rwanda, 2010–2023
Source: Our World in Data.
Analysis
In 2023, current account balance as a proportion of gdp in Rwanda stood at -11.73.
That represents a change of down 25.3% on the previous year and down 56.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Rwanda peaked at -6.52 in 2010 and was at its lowest, -15.31, in 2016.
That places Rwanda 170th out of 191 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Current account balance as a proportion of gdp in Rwanda, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | -6.52 | — |
| 2011 | -6.93 | +6.3% |
| 2012 | -9.68 | +39.7% |
| 2013 | -7.48 | -22.7% |
| 2014 | -11.34 | +51.6% |
| 2015 | -12.68 | +11.8% |
| 2016 | -15.31 | +20.7% |
| 2017 | -9.46 | -38.2% |
| 2018 | -10.11 | +6.9% |
| 2019 | -11.89 | +17.6% |
| 2020 | -12.06 | +1.4% |
| 2021 | -10.92 | -9.5% |
| 2022 | -9.36 | -14.3% |
| 2023 | -11.73 | +25.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -10.14 | -15.31 | -6.52 | 10 |
| 2020s | -11.02 | -12.06 | -9.36 | 4 |
Countries ranked near Rwanda
- 167 Republic of Moldova -11.45 compare
- 168 Cyprus -11.47 compare
- 169 Mozambique -11.58 compare
- 171 Senegal -12.09 compare
- 172 Vanuatu -12.47 compare
- 173 Antigua and Barbuda -12.89 compare
More economy & growth data for Rwanda
- 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)
- Gross domestic savings (current US$), annual growth rate 12.08 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2056 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 231.06 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 21.46 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 293.72 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 330,068 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 8.99 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (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 -11.73 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Rwanda?
- The highest recorded value was -6.52 in 2010.
- What is the lowest current account balance as a proportion of gdp recorded in Rwanda?
- The lowest recorded value was -15.31 in 2016.
- How does Rwanda rank for current account balance as a proportion of gdp?
- Rwanda ranks 170th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Rwanda?
- Over the last ten years it is down 56.8%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).