Net incurrence of liabilities, total in Rwanda
Rwanda: Net incurrence of liabilities, total was 5.6% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Rwanda, 1973–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net incurrence of liabilities, total in Rwanda stood at 5.6%.
The figure is down 40.1% on the previous year and up 132.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Rwanda peaked at 12.9% in 2020 and was at its lowest, 1.0%, in 1978.
That places Rwanda 34th out of 136 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1973 | 3.1% | — |
| 1974 | 2.2% | -29.9% |
| 1975 | 2.8% | +27.5% |
| 1976 | 2.3% | -16.5% |
| 1977 | 2.5% | +7.9% |
| 1978 | 1.0% | -60.4% |
| 1979 | 2.3% | +129.1% |
| 1980 | 3.7% | +63.5% |
| 1989 | 3.2% | -14.8% |
| 2014 | 2.4% | -24.0% |
| 2015 | 4.5% | +89.8% |
| 2016 | 5.2% | +13.8% |
| 2017 | 5.1% | -1.3% |
| 2018 | 5.2% | +2.3% |
| 2019 | 6.2% | +19.4% |
| 2020 | 12.9% | +107.2% |
| 2021 | 8.3% | -35.5% |
| 2022 | 9.3% | +11.7% |
| 2023 | 5.6% | -40.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.3% | 1.0% | 3.1% | 7 |
| 1980s | 3.4% | 3.2% | 3.7% | 2 |
| 2010s | 4.8% | 2.4% | 6.2% | 6 |
| 2020s | 9.0% | 5.6% | 12.9% | 4 |
Countries ranked near Rwanda
More public sector data for Rwanda
- Arms imports 37.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 2.65 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0025 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 117.65 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 37.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 12.34 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0116 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -1.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 175.92 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,500 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Rwanda?
- Net incurrence of liabilities, total in Rwanda was 5.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Rwanda?
- The highest recorded value was 12.9% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Rwanda?
- The lowest recorded value was 1.0% in 1978.
- How does Rwanda rank for net incurrence of liabilities, total?
- Rwanda ranks 34th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Rwanda?
- Over the last ten years it is up 132.7%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.