[ Nominal GDP in billions of USD ]
Year -
$14.25 billions
Rwanda GDP expanded from 1960 to 2024, increasing from $0.12 billion to $14.25 billion.The compound annual growth rate (CAGR) averaged 7.75% over the period. The economy recorded its peak level in 2023 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 70.59%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 14.25 Billions | $ 52.90 Int Billions |
| Growth (YoY) | -0.559% | 11.524% |
| Net Change vs Previous Year | $ -0.08 Billion | $ 5.47 Int Billion |
| % of World GDP | 0.01% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.12 | - | - | - | - | - |
| 1961 | 0.12 | 0 | 2.521 % | - | - | - |
| 1962 | 0.13 | 0 | 2.459 % | - | - | - |
| 1963 | 0.13 | 0 | 2.4 % | - | - | - |
| 1964 | 0.13 | 0 | 1.562 % | - | - | - |
| 1965 | 0.15 | 0.02 | 14.462 % | - | - | - |
| 1966 | 0.12 | -0.02 | -16.313 % | - | - | - |
| 1967 | 0.16 | 0.04 | 28.134 % | - | - | - |
| 1968 | 0.17 | 0.01 | 7.922 % | - | - | - |
| 1969 | 0.19 | 0.02 | 9.582 % | - | - | - |
| 1970 | 0.22 | 0.03 | 16.534 % | - | - | - |
| 1971 | 0.22 | 0 | 1.388 % | - | - | - |
| 1972 | 0.25 | 0.02 | 10.543 % | - | - | - |
| 1973 | 0.29 | 0.04 | 17.97 % | - | - | - |
| 1974 | 0.31 | 0.02 | 6.092 % | - | - | - |
| 1975 | 0.57 | 0.26 | 85.394 % | - | - | - |
| 1976 | 0.64 | 0.07 | 11.522 % | - | - | - |
| 1977 | 0.75 | 0.11 | 17.075 % | - | - | - |
| 1978 | 0.91 | 0.16 | 21.303 % | - | - | - |
| 1979 | 1.11 | 0.2 | 22.484 % | - | - | - |
| 1980 | 1.25 | 0.15 | 13.109 % | - | - | - |
| 1981 | 1.41 | 0.15 | 12.137 % | - | - | - |
| 1982 | 1.41 | 0 | 0.013 % | - | - | - |
| 1983 | 1.48 | 0.07 | 5.148 % | - | - | - |
| 1984 | 1.59 | 0.11 | 7.28 % | - | - | - |
| 1985 | 1.72 | 0.13 | 8.077 % | - | - | - |
| 1986 | 1.94 | 0.23 | 13.353 % | - | - | - |
| 1987 | 2.16 | 0.21 | 10.938 % | - | - | - |
| 1988 | 2.4 | 0.24 | 11.034 % | - | - | - |
| 1989 | 2.41 | 0.01 | 0.398 % | - | - | - |
| 1990 | 2.55 | 0.15 | 6.036 % | 4.05 | - | - |
| 1991 | 1.91 | -0.64 | -25.041 % | 4.08 | 0.03 | 0.782 % |
| 1992 | 2.03 | 0.12 | 6.143 % | 4.42 | 0.34 | 8.285 % |
| 1993 | 1.97 | -0.06 | -2.834 % | 4.16 | -0.26 | -5.931 % |
| 1994 | 0.75 | -1.22 | -61.774 % | 2.11 | -2.04 | -49.186 % |
| 1995 | 1.29 | 0.54 | 71.639 % | 2.92 | 0.8 | 38.059 % |
| 1996 | 1.38 | 0.09 | 6.865 % | 3.35 | 0.43 | 14.81 % |
| 1997 | 1.85 | 0.47 | 33.944 % | 3.88 | 0.53 | 15.813 % |
| 1998 | 1.99 | 0.14 | 7.442 % | 4.27 | 0.39 | 10.082 % |
| 1999 | 2.16 | 0.17 | 8.433 % | 4.52 | 0.25 | 5.829 % |
| 2000 | 2.07 | -0.09 | -4.092 % | 5 | 0.49 | 10.826 % |
| 2001 | 1.97 | -0.1 | -4.942 % | 5.55 | 0.55 | 10.927 % |
| 2002 | 1.97 | 0 | -0.03 % | 6.38 | 0.83 | 14.951 % |
| 2003 | 2.14 | 0.17 | 8.761 % | 6.65 | 0.27 | 4.22 % |
| 2004 | 2.38 | 0.24 | 11.143 % | 7.34 | 0.69 | 10.337 % |
| 2005 | 2.93 | 0.56 | 23.451 % | 8.28 | 0.94 | 12.807 % |
| 2006 | 3.32 | 0.39 | 13.156 % | 9.32 | 1.04 | 12.595 % |
| 2007 | 4.07 | 0.75 | 22.614 % | 10.3 | 0.98 | 10.549 % |
| 2008 | 5.18 | 1.11 | 27.253 % | 11.67 | 1.37 | 13.303 % |
| 2009 | 5.67 | 0.49 | 9.549 % | 12.48 | 0.81 | 6.904 % |
| 2010 | 6.12 | 0.45 | 7.935 % | 13.56 | 1.08 | 8.639 % |
| 2011 | 6.88 | 0.76 | 12.411 % | 14.94 | 1.38 | 10.186 % |
| 2012 | 7.65 | 0.77 | 11.182 % | 15.75 | 0.81 | 5.44 % |
| 2013 | 7.82 | 0.17 | 2.158 % | 16.78 | 1.02 | 6.497 % |
| 2014 | 8.24 | 0.42 | 5.358 % | 19.07 | 2.29 | 13.647 % |
| 2015 | 8.54 | 0.3 | 3.699 % | 20.73 | 1.66 | 8.721 % |
| 2016 | 8.7 | 0.15 | 1.773 % | 22.25 | 1.52 | 7.323 % |
| 2017 | 9.25 | 0.56 | 6.412 % | 24.01 | 1.77 | 7.944 % |
| 2018 | 9.64 | 0.39 | 4.162 % | 26.54 | 2.53 | 10.537 % |
| 2019 | 10.35 | 0.71 | 7.381 % | 29.85 | 3.3 | 12.441 % |
| 2020 | 10.17 | -0.17 | -1.69 % | 29.85 | 0.01 | 0.029 % |
| 2021 | 11.08 | 0.9 | 8.889 % | 36.51 | 6.65 | 22.28 % |
| 2022 | 13.32 | 2.24 | 20.195 % | 42.3 | 5.79 | 15.873 % |
| 2023 | 14.33 | 1.02 | 7.627 % | 47.44 | 5.14 | 12.145 % |
| 2024 | 14.25 | -0.08 | -0.559 % | 52.9 | 5.47 | 11.524 % |
Between 1960 to 2024, Rwanda experienced the following economic phases:
The most remarkable growth occurred in 1975 with an increase of 85.394%, while the largest decline was in 1994 at -61.774%.