Short-term debt in Rwanda
Rwanda: Short-term debt was 11.6% in 2024. ◆ Volatile
Short-term debt in Rwanda, 2010–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Rwanda recorded 11.6% for short-term debt in 2024.
The figure is down 6.7% on the previous year and up 524.9% over ten years.
Over the whole period, short-term debt in Rwanda peaked at 19.5% in 2020 and was at its lowest, 0.8%, in 2015.
That places Rwanda 64th out of 119 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Rwanda, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 2010 | 2.0% | — |
| 2011 | 11.5% | +485.8% |
| 2012 | 7.6% | -33.9% |
| 2013 | 0.8% | -88.9% |
| 2014 | 1.9% | +120.2% |
| 2015 | 0.8% | -58.5% |
| 2016 | 14.9% | +1824.6% |
| 2017 | 15.9% | +7.2% |
| 2018 | 17.2% | +7.9% |
| 2019 | 15.1% | -12.0% |
| 2020 | 19.5% | +28.9% |
| 2021 | 19.4% | -0.3% |
| 2022 | 12.4% | -36.2% |
| 2023 | 12.4% | +0.4% |
| 2024 | 11.6% | -6.7% |
Rwanda compared with similar countries
- Rwanda's 11.6% is above the median for low income countries, which is 4.9%, 2.4× the median. (21 countries reporting)
- Rwanda's 11.6% is above the median for Sub-Saharan Africa, which is 9.1%, 1.3× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Short-term debt 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 |
|---|---|---|---|
| 2016 | +1824.6% | 0.8% | 14.9% |
| 2011 | +485.8% | 2.0% | 11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.8% | 0.8% | 17.2% | 10 |
| 2020s | 15.1% | 11.6% | 19.5% | 5 |
Countries ranked near Rwanda
- 61 Mozambique 12.4% compare
- 62 Iran 12.2%
- 63 Peru 11.7% compare
- 65 Albania 11.4% compare
- 66 Eritrea 11.2%
- 67 Sierra Leone 10.9% 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 short-term debt in Rwanda?
- Short-term debt in Rwanda was 11.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Rwanda?
- The highest recorded value was 19.5% in 2020.
- What is the lowest short-term debt recorded in Rwanda?
- The lowest recorded value was 0.8% in 2015.
- How does Rwanda rank for short-term debt?
- Rwanda ranks 64th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Rwanda?
- Over the last ten years it is up 524.9%. 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 Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.