Current account balance in Rwanda
Rwanda: Current account balance was -12.0% 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 % of GDP.
Analysis
The most recent figure for current account balance in Rwanda is -12.0%, measured in 2024.
The figure is down 7.5% on the previous year and down 4.1% over ten years.
Over the whole period, current account balance in Rwanda peaked at -6.6% in 2010 and was at its lowest, -15.5%, in 2016.
Rwanda ranks 174th of 199 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 in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | -6.6% | — |
| 2011 | -7.0% | +6.3% |
| 2012 | -9.8% | +39.8% |
| 2013 | -7.6% | -22.7% |
| 2014 | -11.5% | +51.6% |
| 2015 | -12.8% | +11.6% |
| 2016 | -15.5% | +20.7% |
| 2017 | -9.6% | -38.3% |
| 2018 | -10.1% | +5.8% |
| 2019 | -11.7% | +15.8% |
| 2020 | -11.7% | +0.0% |
| 2021 | -10.7% | -8.2% |
| 2022 | -9.1% | -15.6% |
| 2023 | -11.1% | +22.6% |
| 2024 | -12.0% | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -10.2% | -15.5% | -6.6% | 10 |
| 2020s | -10.9% | -12.0% | -9.1% | 5 |
Countries ranked near Rwanda
- 171 Mongolia -10.4% compare
- 172 Mozambique -11.0% compare
- 173 Vanuatu -11.1% compare
- 175 Antigua and Barbuda -12.0% compare
- 176 Namibia -13.4% compare
- 177 Saint Kitts and Nevis -13.7% 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)
- Services, value added (current US$), annual growth rate 8.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5233 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 588.03 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 17.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 747.5 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 839,992 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 8.5 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5363 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Rwanda?
- Current account balance in Rwanda was -12.0% 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 -6.6% in 2010.
- What is the lowest current account balance recorded in Rwanda?
- The lowest recorded value was -15.5% in 2016.
- How does Rwanda rank for current account balance?
- Rwanda ranks 174th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Rwanda?
- Over the last ten years it is down 4.1%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.