Gross Domestic Product — Value Standard Local Currency in Rwanda
Rwanda: Gross Domestic Product — Value Standard Local Currency was 18.48 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Rwanda, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Rwanda stood at 18.48 million million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 13.0% on the previous year and up 228.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Rwanda peaked at 18.48 million million SLC in 2024 and was at its lowest, 22,781 million SLC, in 1970.
That places Rwanda 47th out of 218 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Rwanda, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 22,781 million SLC | — |
| 1971 | 27,303 million SLC | +19.9% |
| 1972 | 28,381 million SLC | +3.9% |
| 1973 | 32,090 million SLC | +13.1% |
| 1974 | 46,639 million SLC | +45.3% |
| 1975 | 55,758 million SLC | +19.6% |
| 1976 | 65,373 million SLC | +17.2% |
| 1977 | 75,686 million SLC | +15.8% |
| 1978 | 85,639 million SLC | +13.2% |
| 1979 | 101,615 million SLC | +18.7% |
| 1980 | 114,104 million SLC | +12.3% |
| 1981 | 129,584 million SLC | +13.6% |
| 1982 | 138,375 million SLC | +6.8% |
| 1983 | 150,241 million SLC | +8.6% |
| 1984 | 168,119 million SLC | +11.9% |
| 1985 | 183,535 million SLC | +9.2% |
| 1986 | 178,558 million SLC | -2.7% |
| 1987 | 181,137 million SLC | +1.4% |
| 1988 | 187,994 million SLC | +3.8% |
| 1989 | 200,990 million SLC | +6.9% |
| 1990 | 203,822 million SLC | +1.4% |
| 1991 | 226,870 million SLC | +11.3% |
| 1992 | 256,462 million SLC | +13.0% |
| 1993 | 267,460 million SLC | +4.3% |
| 1994 | 160,628 million SLC | -39.9% |
| 1995 | 322,516 million SLC | +100.8% |
| 1996 | 426,289 million SLC | +32.2% |
| 1997 | 588,140 million SLC | +38.0% |
| 1998 | 683,427 million SLC | +16.2% |
| 1999 | 720,000 million SLC | +5.4% |
| 2000 | 806,000 million SLC | +11.9% |
| 2001 | 871,000 million SLC | +8.1% |
| 2002 | 935,000 million SLC | +7.3% |
| 2003 | 1.15 million million SLC | +23.0% |
| 2004 | 1.37 million million SLC | +19.3% |
| 2005 | 1.64 million million SLC | +19.2% |
| 2006 | 1.83 million million SLC | +11.9% |
| 2007 | 2.23 million million SLC | +21.5% |
| 2008 | 2.83 million million SLC | +27.2% |
| 2009 | 3.22 million million SLC | +13.8% |
| 2010 | 3.57 million million SLC | +10.7% |
| 2011 | 4.13 million million SLC | +15.7% |
| 2012 | 4.70 million million SLC | +13.8% |
| 2013 | 5.05 million million SLC | +7.5% |
| 2014 | 5.62 million million SLC | +11.2% |
| 2015 | 6.15 million million SLC | +9.4% |
| 2016 | 6.84 million million SLC | +11.3% |
| 2017 | 7.69 million million SLC | +12.5% |
| 2018 | 8.30 million million SLC | +7.9% |
| 2019 | 9.31 million million SLC | +12.2% |
| 2020 | 9.60 million million SLC | +3.1% |
| 2021 | 10.94 million million SLC | +14.0% |
| 2022 | 13.72 million million SLC | +25.4% |
| 2023 | 16.36 million million SLC | +19.2% |
| 2024 | 18.48 million million SLC | +13.0% |
Rwanda compared with similar countries
- Rwanda's 18.48 million million SLC is above the median for low income countries, which is 11.93 million million SLC, 1.5× the median. (23 countries reporting)
- Rwanda's 18.48 million million SLC is above the median for Sub-Saharan Africa, which is 8.81 million million SLC, 2.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1995 | +100.8% | 160,628 million SLC | 322,516 million SLC |
| 1994 | -39.9% | 267,460 million SLC | 160,628 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 54,126 million SLC | 22,781 million SLC | 101,615 million SLC | 10 |
| 1980s | 163,264 million SLC | 114,104 million SLC | 200,990 million SLC | 10 |
| 1990s | 385,561 million SLC | 160,628 million SLC | 720,000 million SLC | 10 |
| 2000s | 1.69 million million SLC | 806,000 million SLC | 3.22 million million SLC | 10 |
| 2010s | 6.14 million million SLC | 3.57 million million SLC | 9.31 million million SLC | 10 |
| 2020s | 13.82 million million SLC | 9.60 million million SLC | 18.48 million million SLC | 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)
- 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 — value standard local currency in Rwanda?
- Gross domestic product — value standard local currency in Rwanda was 18.48 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Rwanda?
- The highest recorded value was 18.48 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Rwanda?
- The lowest recorded value was 22,781 million SLC in 1970.
- How does Rwanda rank for gross domestic product — value standard local currency?
- Rwanda ranks 47th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Rwanda?
- Over the last ten years it is up 228.9%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).