Net lending (+) / net borrowing (-) in Rwanda
Rwanda: Net lending (+) / net borrowing (-) was -680.35 billion current LCU in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Rwanda, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Rwanda recorded -680.35 billion current LCU for net lending (+) / net borrowing (-) in 2023.
The figure is down 27.5% on the previous year and down 593.5% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Rwanda peaked at -7.92 billion current LCU in 1991 and was at its lowest, -691.33 billion current LCU, in 2020.
That places Rwanda 127th out of 156 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in Rwanda, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | -11.42 billion current LCU | — |
| 1991 | -7.92 billion current LCU | -30.7% |
| 1992 | -15.35 billion current LCU | +93.8% |
| 2014 | -98.10 billion current LCU | +539.1% |
| 2015 | -141.87 billion current LCU | +44.6% |
| 2016 | -141.85 billion current LCU | -0.0% |
| 2017 | -236.93 billion current LCU | +67.0% |
| 2018 | -242.38 billion current LCU | +2.3% |
| 2019 | -398.54 billion current LCU | +64.4% |
| 2020 | -691.33 billion current LCU | +73.5% |
| 2021 | -585.65 billion current LCU | -15.3% |
| 2022 | -533.81 billion current LCU | -8.9% |
| 2023 | -680.35 billion current LCU | +27.5% |
Rwanda compared with similar countries
- Rwanda's -680.35 billion current LCU is below the median for low income countries, which is -165.72 billion current LCU, 4.1× the median. (16 countries reporting)
- Rwanda's -680.35 billion current LCU is below the median for Sub-Saharan Africa, which is -84.53 billion current LCU, 8.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | -539.1% | -15.35 billion current LCU | -98.10 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -11.56 billion current LCU | -15.35 billion current LCU | -7.92 billion current LCU | 3 |
| 2010s | -209.95 billion current LCU | -398.54 billion current LCU | -98.10 billion current LCU | 6 |
| 2020s | -622.79 billion current LCU | -691.33 billion current LCU | -533.81 billion current LCU | 4 |
Countries ranked near Rwanda
More public sector data for Rwanda
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Rwanda?
- Net lending (+) / net borrowing (-) in Rwanda was -680.35 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Rwanda?
- The highest recorded value was -7.92 billion current LCU in 1991.
- What is the lowest net lending (+) / net borrowing (-) recorded in Rwanda?
- The lowest recorded value was -691.33 billion current LCU in 2020.
- How does Rwanda rank for net lending (+) / net borrowing (-)?
- Rwanda ranks 127th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Rwanda?
- Over the last ten years it is down 593.5%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.