Current account balance (BoP, current US$) in Rwanda
Rwanda: Current account balance (BoP, current US$) was -1.81 billion BoP, current US$ in 2024. ▼ Falling
Current account balance in Rwanda, 2010–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Rwanda recorded -1.81 billion BoP, current US$ for current account balance in 2024. That is the lowest value across all 15 years on record.
The figure is down 9.7% on the previous year and down 93.4% over ten years.
Over the whole period, current account balance in Rwanda peaked at -399.14 million BoP, current US$ in 2010 and was at its lowest, -1.81 billion BoP, current US$, in 2024.
That places Rwanda 147th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Current account balance (BoP, current US$) in Rwanda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2010 | -399.14 million BoP, current US$ | — |
| 2011 | -477.01 million BoP, current US$ | +19.5% |
| 2012 | -741.02 million BoP, current US$ | +55.3% |
| 2013 | -585.11 million BoP, current US$ | -21.0% |
| 2014 | -934.62 million BoP, current US$ | +59.7% |
| 2015 | -1.08 billion BoP, current US$ | +15.9% |
| 2016 | -1.33 billion BoP, current US$ | +22.8% |
| 2017 | -875.36 million BoP, current US$ | -34.2% |
| 2018 | -974.80 million BoP, current US$ | +11.4% |
| 2019 | -1.23 billion BoP, current US$ | +26.3% |
| 2020 | -1.23 billion BoP, current US$ | -0.3% |
| 2021 | -1.21 billion BoP, current US$ | -1.5% |
| 2022 | -1.25 billion BoP, current US$ | +3.1% |
| 2023 | -1.65 billion BoP, current US$ | +32.1% |
| 2024 | -1.81 billion BoP, current US$ | +9.7% |
Rwanda compared with similar countries
- Rwanda's -1.81 billion BoP, current US$ is below the median for low income countries, which is -1.02 billion BoP, current US$, 1.8× the median. (23 countries reporting)
- Rwanda's -1.81 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -461.46 million BoP, current US$, 3.9× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -863.24 million BoP, current US$ | -1.33 billion BoP, current US$ | -399.14 million BoP, current US$ | 10 |
| 2020s | -1.43 billion BoP, current US$ | -1.81 billion BoP, current US$ | -1.21 billion BoP, current US$ | 5 |
Countries ranked near Rwanda
- 144 Dominican Republic -1.75 billion BoP, current US$ compare
- 145 Cameroon -1.75 billion BoP, current US$ compare
- 146 South Africa -1.81 billion BoP, current US$ compare
- 148 Namibia -1.83 billion BoP, current US$ compare
- 149 Montenegro -1.88 billion BoP, current US$ compare
- 150 Cambodia -1.91 billion BoP, current US$ 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 in Rwanda?
- Current account balance in Rwanda was -1.81 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Rwanda?
- The highest recorded value was -399.14 million BoP, current US$ in 2010.
- What is the lowest current account balance recorded in Rwanda?
- The lowest recorded value was -1.81 billion BoP, current US$ in 2024.
- How does Rwanda rank for current account balance?
- Rwanda ranks 147th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Rwanda?
- Over the last ten years it is down 93.4%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.