Gross domestic product (GDP), annual growth rate in Rwanda
Rwanda: Gross domestic product (GDP), annual growth rate was 7.89 % change on previous year in 2023. ◆ Volatile
Latest (2023)
7.89 % change on previous year
Change on year
down 13.7%
World rank
14th
of 184 countries
All-time high
23.96 % change on previous year
in 1996
All-time low
-53.86 % change on previous year
in 1994
Years of data
63
1961–2023
Gross domestic product (GDP), annual growth rate in Rwanda, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Rwanda is 7.89 % change on previous year, measured in 2023.
Compared with earlier readings it is down 13.7% on the previous year and up 482.0% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Rwanda peaked at 23.96 % change on previous year in 1996 and was at its lowest, -53.86 % change on previous year, in 1994.
Rwanda ranks 14th of 184 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Rwanda, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -4.4 % change on previous year | — |
| 1962 | 10.14 % change on previous year | -330.3% |
| 1963 | -10.35 % change on previous year | -202.1% |
| 1964 | -11.03 % change on previous year | +6.6% |
| 1965 | 6.2 % change on previous year | -156.2% |
| 1966 | 8.34 % change on previous year | +34.5% |
| 1967 | 6.46 % change on previous year | -22.5% |
| 1968 | 7.34 % change on previous year | +13.6% |
| 1969 | 10.39 % change on previous year | +41.5% |
| 1970 | 8.1 % change on previous year | -22.0% |
| 1971 | -0.5352 % change on previous year | -106.6% |
| 1972 | 5.1 % change on previous year | -1052.8% |
| 1973 | 4.49 % change on previous year | -11.9% |
| 1974 | 2.41 % change on previous year | -46.2% |
| 1975 | 0.641 % change on previous year | -73.5% |
| 1976 | 15.73 % change on previous year | +2354.2% |
| 1977 | 3.67 % change on previous year | -76.7% |
| 1978 | 3.85 % change on previous year | +5.1% |
| 1979 | 12.29 % change on previous year | +219.0% |
| 1980 | 1.16 % change on previous year | -90.6% |
| 1981 | 14.45 % change on previous year | +1148.0% |
| 1982 | -3.34 % change on previous year | -123.1% |
| 1983 | 5.9 % change on previous year | -277.0% |
| 1984 | -5.12 % change on previous year | -186.7% |
| 1985 | 5.19 % change on previous year | -201.3% |
| 1986 | 4.7 % change on previous year | -9.3% |
| 1987 | -2.93 % change on previous year | -162.3% |
| 1988 | 1.08 % change on previous year | -136.9% |
| 1989 | 7.75 % change on previous year | +616.2% |
| 1990 | -4.47 % change on previous year | -157.7% |
| 1991 | -12.33 % change on previous year | +176.0% |
| 1992 | 6.22 % change on previous year | -150.5% |
| 1993 | -8.99 % change on previous year | -244.5% |
| 1994 | -53.86 % change on previous year | +498.9% |
| 1995 | 23.91 % change on previous year | -144.4% |
| 1996 | 23.96 % change on previous year | +0.2% |
| 1997 | 20.83 % change on previous year | -13.1% |
| 1998 | 11.89 % change on previous year | -42.9% |
| 1999 | 6.36 % change on previous year | -46.5% |
| 2000 | 7.68 % change on previous year | +20.8% |
| 2001 | 9.45 % change on previous year | +22.9% |
| 2002 | 16.52 % change on previous year | +74.9% |
| 2003 | 0.5167 % change on previous year | -96.9% |
| 2004 | 8.91 % change on previous year | +1625.5% |
| 2005 | 8.52 % change on previous year | -4.4% |
| 2006 | 12.03 % change on previous year | +41.2% |
| 2007 | 4.99 % change on previous year | -58.5% |
| 2008 | 4.3 % change on previous year | -13.9% |
| 2009 | 7.28 % change on previous year | +69.4% |
| 2010 | 10.37 % change on previous year | +42.3% |
| 2011 | 9.99 % change on previous year | -3.6% |
| 2012 | 4.86 % change on previous year | -51.4% |
| 2013 | 1.36 % change on previous year | -72.1% |
| 2014 | 8.55 % change on previous year | +530.5% |
| 2015 | 9.14 % change on previous year | +6.9% |
| 2016 | 4.6 % change on previous year | -49.7% |
| 2017 | 3.18 % change on previous year | -30.9% |
| 2018 | 11.74 % change on previous year | +269.4% |
| 2019 | 8.84 % change on previous year | -24.7% |
| 2020 | -1.13 % change on previous year | -112.8% |
| 2021 | 13.23 % change on previous year | -1271.4% |
| 2022 | 9.14 % change on previous year | -30.9% |
| 2023 | 7.89 % change on previous year | -13.7% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | +2354.2% | 0.641 % change on previous year | 15.73 % change on previous year |
| 2004 | +1625.5% | 0.5167 % change on previous year | 8.91 % change on previous year |
| 2021 | +1271.4% | -1.13 % change on previous year | 13.23 % change on previous year |
| 1981 | +1148.0% | 1.16 % change on previous year | 14.45 % change on previous year |
| 1972 | +1052.8% | -0.5352 % change on previous year | 5.1 % change on previous year |
| 1989 | +616.2% | 1.08 % change on previous year | 7.75 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.57 % change on previous year | -11.03 % change on previous year | 10.39 % change on previous year | 9 |
| 1970s | 5.58 % change on previous year | -0.5352 % change on previous year | 15.73 % change on previous year | 10 |
| 1980s | 2.88 % change on previous year | -5.12 % change on previous year | 14.45 % change on previous year | 10 |
| 1990s | 1.35 % change on previous year | -53.86 % change on previous year | 23.96 % change on previous year | 10 |
| 2000s | 8.02 % change on previous year | 0.5167 % change on previous year | 16.52 % change on previous year | 10 |
| 2010s | 7.26 % change on previous year | 1.36 % change on previous year | 11.74 % change on previous year | 10 |
| 2020s | 7.29 % change on previous year | -1.13 % change on previous year | 13.23 % change on previous year | 4 |
Countries ranked near Rwanda
- 11 Thailand 10.46 % change on previous year compare
- 12 Barbados 9.76 % change on previous year compare
- 13 Montserrat 8.13 % change on previous year compare
- 15 Ukraine 7.8 % change on previous year compare
- 16 Mauritania 7.37 % change on previous year compare
- 17 Zambia 7.28 % change on previous year 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 13.15 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.9225 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 572.93 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 25.19 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0379 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -18.44 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Rwanda?
- Gross domestic product (gdp), annual growth rate in Rwanda was 7.89 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Rwanda?
- The highest recorded value was 23.96 % change on previous year in 1996.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Rwanda?
- The lowest recorded value was -53.86 % change on previous year in 1994.
- How does Rwanda rank for gross domestic product (gdp), annual growth rate?
- Rwanda ranks 14th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Rwanda?
- Over the last ten years it is up 482.0%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.