External debt stocks in Rwanda
Rwanda: External debt stocks was 93.9% in 2024. ◆ Volatile
External debt stocks in Rwanda, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Rwanda recorded 93.9% for external debt stocks in 2024.
Compared with earlier readings it is up 15.9% on the previous year and up 159.7% over ten years.
Over the whole period, external debt stocks in Rwanda peaked at 127.4% in 1994 and was at its lowest, 0.9%, in 1971.
That places Rwanda 12th out of 121 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks in Rwanda, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.2% | — |
| 1971 | 0.9% | -59.6% |
| 1972 | 1.4% | +53.1% |
| 1973 | 2.7% | +100.1% |
| 1974 | 4.0% | +46.6% |
| 1975 | 4.2% | +5.1% |
| 1976 | 7.5% | +77.6% |
| 1977 | 11.8% | +56.7% |
| 1978 | 14.1% | +19.5% |
| 1979 | 14.1% | +0.2% |
| 1980 | 15.1% | +7.1% |
| 1981 | 13.9% | -8.1% |
| 1982 | 15.4% | +10.9% |
| 1983 | 16.2% | +5.3% |
| 1984 | 18.3% | +12.7% |
| 1985 | 21.4% | +17.3% |
| 1986 | 23.3% | +8.9% |
| 1987 | 28.2% | +21.0% |
| 1988 | 27.4% | -2.8% |
| 1989 | 26.0% | -5.2% |
| 1990 | 28.0% | +7.7% |
| 1991 | 42.6% | +52.0% |
| 1992 | 42.5% | -0.4% |
| 1993 | 46.5% | +9.4% |
| 1994 | 127.4% | +174.2% |
| 1995 | 79.5% | -37.6% |
| 1996 | 76.4% | -3.9% |
| 1997 | 60.6% | -20.6% |
| 1998 | 62.3% | +2.8% |
| 1999 | 61.1% | -1.9% |
| 2000 | 62.8% | +2.7% |
| 2001 | 66.8% | +6.4% |
| 2002 | 74.6% | +11.6% |
| 2003 | 73.8% | -1.1% |
| 2004 | 71.3% | -3.4% |
| 2005 | 52.5% | -26.4% |
| 2006 | 13.2% | -74.9% |
| 2007 | 15.3% | +15.9% |
| 2008 | 18.1% | +18.2% |
| 2009 | 19.5% | +8.2% |
| 2010 | 20.3% | +3.9% |
| 2011 | 21.4% | +5.4% |
| 2012 | 24.0% | +12.3% |
| 2013 | 30.1% | +25.3% |
| 2014 | 36.1% | +20.1% |
| 2015 | 41.2% | +13.9% |
| 2016 | 51.1% | +24.0% |
| 2017 | 56.6% | +10.9% |
| 2018 | 61.2% | +8.0% |
| 2019 | 65.1% | +6.5% |
| 2020 | 82.5% | +26.6% |
| 2021 | 85.9% | +4.1% |
| 2022 | 74.3% | -13.4% |
| 2023 | 81.0% | +9.0% |
| 2024 | 93.9% | +15.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 0.9% | 14.1% | 10 |
| 1980s | 20.5% | 13.9% | 28.2% | 10 |
| 1990s | 62.7% | 28.0% | 127.4% | 10 |
| 2000s | 46.8% | 13.2% | 74.6% | 10 |
| 2010s | 40.7% | 20.3% | 65.1% | 10 |
| 2020s | 83.5% | 74.3% | 93.9% | 5 |
Countries ranked near Rwanda
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 (constant LCU), per capita 774,244 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 7.35 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.91 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9468 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,064 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 16.95 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,352 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.52 million current LCU per person (2025)
Frequently asked questions
- What is external debt stocks in Rwanda?
- External debt stocks in Rwanda was 93.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Rwanda?
- The highest recorded value was 127.4% in 1994.
- What is the lowest external debt stocks recorded in Rwanda?
- The lowest recorded value was 0.9% in 1971.
- How does Rwanda rank for external debt stocks?
- Rwanda ranks 12th out of 121 countries with data for 2024.
- Is external debt stocks rising or falling in Rwanda?
- Over the last ten years it is up 159.7%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.