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%.

Rwanda GDP from 1980 to 2024

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

Change Chart

    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.


    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