Rwanda GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Rwanda's GDP changed from approximately $1B 493M in 1980 to $13B 701M in 2024, showing an overall 817.7% sharply increased during the period.
The lowest GDP was recorded in 1994 at $1B 418M, and the highest in 2023 at $14B 20M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.2%.
For comparison, the average annual growth rate of Burundi was 2.7%, and that of Democratic Republic of the Congo was 0.2%.

Overview of Rwanda's GDP (1980–2024)

The Gross Domestic Product (GDP) of Rwanda recorded a 817.7% sharply increased from 1980 to 2024.
The average GDP during this period was $4B 892M, and the median was $2B 943M.
GDP fluctuated within a range of $12B 602M, with a standard deviation of $3B 788M.
The average annual change was $251M 427K.


Rwanda GDP from 1980 to 2024

The total market value of goods and services produced annually in Rwanda.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1994, $1B 418M
    • Highest GDP: 2023, $14B 20M
    • Most Recent GDP: 2024, $13B 701M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 1994: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Rwanda's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $10B 345M → $10B 173M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $4B 69M → $5B 675M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $2B 49M → $1B 967M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $2B 144M → $2B 290M
    • Outcome: increased

    Key Economic Indicators of Rwanda (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1B 493M
    $ 292.78
    $ 413.46
    $ 2B 109M
    -3.576 %
    -3.492 %
    7.71 %
    0 %
    5M 101K people
    1981
    $ 1B 695M
    $ 320.56
    $ 447.30
    $ 2B 365M
    2.472 %
    -4.235 %
    6.91 %
    0 %
    5M 288K people
    1982
    $ 1B 808M
    $ 329.64
    $ 446.52
    $ 2B 450M
    -2.468 %
    -4.991 %
    9.40 %
    0 %
    5M 486K people
    1983
    $ 1B 932M
    $ 339.30
    $ 474.07
    $ 2B 699M
    6.035 %
    -2.471 %
    8.29 %
    0 %
    5M 694K people
    1984
    $ 1B 851M
    $ 317.36
    $ 541.74
    $ 3B 159M
    12.974 %
    -2.24 %
    11.25 %
    0 %
    5M 832K people
    1985
    $ 2B 199M
    $ 364.61
    $ 564.27
    $ 3B 402M
    4.388 %
    -2.898 %
    10.37 %
    0 %
    6M 30K people
    1986
    $ 2B 490M
    $ 399.28
    $ 587.08
    $ 3B 662M
    5.501 %
    -2.782 %
    9.36 %
    0 %
    6M 237K people
    1987
    $ 2B 765M
    $ 428.42
    $ 579.64
    $ 3B 742M
    -0.295 %
    -4.886 %
    6.64 %
    0 %
    6M 455K people
    1988
    $ 2B 959M
    $ 442.81
    $ 581.38
    $ 3B 885M
    0.296 %
    -4.035 %
    6.42 %
    0 %
    6M 682K people
    1989
    $ 3B 90M
    $ 447.14
    $ 550.96
    $ 3B 807M
    -5.706 %
    -3.311 %
    5.11 %
    0 %
    6M 910K people
    1990
    $ 2B 954M
    $ 417.72
    $ 560.74
    $ 3B 966M
    0.419 %
    -2.864 %
    3.14 %
    0 %
    7M 73K people
    1991
    $ 2B 179M
    $ 298.96
    $ 538.23
    $ 3B 924M
    -4.3 %
    -1.549 %
    1.79 %
    0 %
    7M 290K people
    1992
    $ 2B 313M
    $ 317.04
    $ 586.44
    $ 4B 277M
    6.6 %
    -3.585 %
    5.05 %
    -5.521 %
    7M 295K people
    1993
    $ 2B 231M
    $ 325.86
    $ 573.26
    $ 3B 925M
    -10.378 %
    -5.786 %
    5.51 %
    -4.684 %
    6M 847K people
    1994
    $ 1B 418M
    $ 223.45
    $ 367.09
    $ 2B 329M
    -41.89 %
    6.99 %
    4.70 %
    -5.855 %
    6M 346K people
    1995
    $ 1B 470M
    $ 245.28
    $ 494.29
    $ 2B 962M
    24.541 %
    3.911 %
    9.35 %
    -0.01 %
    5M 992K people
    1996
    $ 1B 593M
    $ 268.93
    $ 568.12
    $ 3B 366M
    11.596 %
    -0.534 %
    7.01 %
    -3.593 %
    5M 925K people
    1997
    $ 2B 144M
    $ 345.66
    $ 634.26
    $ 3B 934M
    14.9 %
    -2.905 %
    5 %
    -1.166 %
    6M 203K people
    1998
    $ 2B 290M
    $ 338.31
    $ 636.78
    $ 4B 310M
    8.34 %
    -3.611 %
    6.97 %
    -1.731 %
    6M 769K people
    1999
    $ 2B 130M
    $ 284.17
    $ 602.11
    $ 4B 516M
    3.308 %
    -6.634 %
    5.15 %
    -3.524 %
    7M 500K people