Rwanda recorded a Current Account deficit of 7.80 percent of the country's Gross Domestic Product in 2018. source: National Bank of Rwanda

Current Account to GDP in Rwanda averaged -6.63 percent from 1980 until 2018, reaching an all time high of 1.80 percent in 2004 and a record low of -15.90 percent in 2016. This page provides - Rwanda Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Rwanda Current Account to GDP - values, historical data and charts - was last updated on June of 2022.

Current Account to GDP in Rwanda is expected to reach -16.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda Current Account to GDP is projected to trend around -10.00 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Rwanda Current Account to GDP



Related Last Previous Unit Reference
Current Account -1209.03 -1234.60 USD Million Dec 2021
Current Account to GDP -10.00 -14.40 percent of GDP Dec 2020
Capital Flows -733.20 -402.30 USD Million Dec 2019
Foreign Direct Investment 211.90 99.92 USD Million Dec 2021

Rwanda Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -14.40 1.80 -15.00 1980 - 2020 percent of GDP Yearly