Real gdp growth in Rwanda
Rwanda: Real gdp growth was 7.21 in 2024. ◆ Volatile
Real gdp growth in Rwanda, 1980–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Rwanda is 7.21, measured in 2024.
Compared with earlier readings it is down 15.8% on the previous year and up 27.3% over ten years.
Over the whole period, real gdp growth in Rwanda peaked at 24.54 in 1995 and was at its lowest, -41.89, in 1994.
Rwanda ranks 16th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Rwanda, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -3.58 | — |
| 1981 | 2.47 | -169.1% |
| 1982 | -2.47 | -199.8% |
| 1983 | 6.04 | -344.5% |
| 1984 | 12.97 | +115.0% |
| 1985 | 4.39 | -66.2% |
| 1986 | 5.5 | +25.4% |
| 1987 | -0.295 | -105.4% |
| 1988 | 0.296 | -200.3% |
| 1989 | -5.71 | -2027.7% |
| 1990 | 0.419 | -107.3% |
| 1991 | -4.3 | -1126.3% |
| 1992 | 6.6 | -253.5% |
| 1993 | -10.38 | -257.2% |
| 1994 | -41.89 | +303.6% |
| 1995 | 24.54 | -158.6% |
| 1996 | 11.6 | -52.7% |
| 1997 | 14.9 | +28.5% |
| 1998 | 8.34 | -44.0% |
| 1999 | 3.31 | -60.3% |
| 2000 | 8.37 | +153.1% |
| 2001 | 8.49 | +1.3% |
| 2002 | 13.17 | +55.2% |
| 2003 | 2.22 | -83.2% |
| 2004 | 7.44 | +235.2% |
| 2005 | 9.41 | +26.5% |
| 2006 | 9.2 | -2.2% |
| 2007 | 7.65 | -16.9% |
| 2008 | 11.17 | +46.1% |
| 2009 | 6.24 | -44.2% |
| 2010 | 7.34 | +17.8% |
| 2011 | 7.95 | +8.3% |
| 2012 | 8.64 | +8.6% |
| 2013 | 4.73 | -45.3% |
| 2014 | 5.66 | +19.8% |
| 2015 | 8.87 | +56.7% |
| 2016 | 5.66 | -36.1% |
| 2017 | 4.71 | -16.9% |
| 2018 | 8.07 | +71.3% |
| 2019 | 9.28 | +15.1% |
| 2020 | -2.78 | -129.9% |
| 2021 | 8.42 | -402.9% |
| 2022 | 9.81 | +16.5% |
| 2023 | 8.56 | -12.7% |
| 2024 | 7.21 | -15.8% |
Rwanda compared with similar countries
- Rwanda's 7.21 is above the median for low income countries, which is 4.56, 1.6× the median. (24 countries reporting)
- Rwanda's 7.21 is above the median for Sub-Saharan Africa, which is 4.52, 1.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1989 | -2027.7% | 0.296 | -5.71 |
| 1991 | -1126.3% | 0.419 | -4.3 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.96 | -5.71 | 12.97 | 10 |
| 1990s | 1.31 | -41.89 | 24.54 | 10 |
| 2000s | 8.34 | 2.22 | 13.17 | 10 |
| 2010s | 7.09 | 4.71 | 9.28 | 10 |
| 2020s | 6.24 | -2.78 | 9.81 | 5 |
Countries ranked near Rwanda
- 13 Georgia 7.46 compare
- 14 Benin 7.45 compare
- 15 Cabo Verde 7.24 compare
- 16 Naoero, Republic of 7.21 compare
- 18 Armenia, Republic of 7.16 compare
- 19 Djibouti 6.98 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 real gdp growth in Rwanda?
- Real gdp growth in Rwanda was 7.21 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Rwanda?
- The highest recorded value was 24.54 in 1995.
- What is the lowest real gdp growth recorded in Rwanda?
- The lowest recorded value was -41.89 in 1994.
- How does Rwanda rank for real gdp growth?
- Rwanda ranks 16th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Rwanda?
- Over the last ten years it is up 27.3%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).