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Rwanda GDP

Rwanda's GDP fell to $14.25 billion in 2024, down from $14.33 billion in 2023, according to World Bank. This represents a decrease of 0.6% ($80.08 million) from the previous year and accounts for 0.01% of the world's total GDP. Rwanda has GDP lower than the global median ($14.25 billion vs median $35.85 billion). Compared with the median in Africa, Rwanda is lower ($14.25 billion vs regional median $20.75 billion) and ranks 33rd out of 52 countries in Africa.

Rwanda's GDP per capita rose to $1,070.45 in 2024, up from $1,004.33 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 14.25
2023 14.33
2022 13.32
2021 11.08
2020 10.17
2019 10.35
2018 9.64
2017 9.25
2016 8.7
2015 8.54
2014 8.24
2013 7.82
2012 7.65
2011 6.88
2010 6.12
2009 5.67
2008 5.18
2007 4.07
2006 3.32
2005 2.93
2004 2.38
2003 2.14
2002 1.97
2001 1.97
2000 2.07
1999 2.16
1998 1.99
1997 1.85
1996 1.38
1995 1.29
1994 0.75
1993 1.97
1992 2.03
1991 1.91
1990 2.55
1989 2.41
1988 2.4
1987 2.16
1986 1.94
1985 1.72
1984 1.59
1983 1.48
1982 1.41
1981 1.41
1980 1.25
1979 1.11
1978 0.91
1977 0.75
1976 0.64
1975 0.57
1974 0.31
1973 0.29
1972 0.25
1971 0.22
1970 0.22
1969 0.19
1968 0.17
1967 0.16
1966 0.12
1965 0.15
1964 0.13
1963 0.13
1962 0.13
1961 0.12
1960 0.12
Rwanda GDP : Definition
GDP measures the total value of all goods and services produced in Rwanda, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 8.89% 8.25% 2024
GDP per Capita $1,070.45 $1,004.33 2024
GDP per Capita PPP $3,264.64 $3,063 2024
R&D Expenditure (% GDP) 0.79% 0.76% 2023
Real GDP $15.26B $14.01B 2024