Trade in services (% of GDP) in Rwanda
Rwanda: Trade in services (% of GDP) was 13.7% in 2024. ▼ Falling
Trade in services in Rwanda, 2010–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Rwanda is 13.7%, measured in 2024.
Compared with earlier readings it is up 2.1% on the previous year and down 12.0% over ten years.
Over the whole period, trade in services in Rwanda peaked at 21.2% in 2016 and was at its lowest, 9.9%, in 2020.
That places Rwanda 139th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Trade in services (% of GDP) in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 15.9% | — |
| 2011 | 16.1% | +1.2% |
| 2012 | 13.8% | -14.8% |
| 2013 | 15.5% | +12.7% |
| 2014 | 15.6% | +0.6% |
| 2015 | 21.2% | +35.7% |
| 2016 | 21.2% | +0.4% |
| 2017 | 20.9% | -1.4% |
| 2018 | 20.4% | -2.5% |
| 2019 | 19.5% | -4.7% |
| 2020 | 9.9% | -49.0% |
| 2021 | 11.3% | +14.3% |
| 2022 | 12.8% | +12.6% |
| 2023 | 13.4% | +5.1% |
| 2024 | 13.7% | +2.1% |
Rwanda compared with similar countries
- Rwanda's 13.7% is above the median for low income countries, which is 11.3%, 1.2× the median. (23 countries reporting)
- Rwanda's 13.7% is above the median for Sub-Saharan Africa, which is 12.7%, 1.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 |
|---|---|---|---|
| 2020 | -49.0% | 19.5% | 9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.0% | 13.8% | 21.2% | 10 |
| 2020s | 12.2% | 9.9% | 13.7% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0117 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Rwanda?
- Trade in services in Rwanda was 13.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Rwanda?
- The highest recorded value was 21.2% in 2016.
- What is the lowest trade in services recorded in Rwanda?
- The lowest recorded value was 9.9% in 2020.
- How does Rwanda rank for trade in services?
- Rwanda ranks 139th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Rwanda?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.