Rwanda: Trade (% of GDP)
In , Rwanda's Trade (% of GDP) was 69.95.
That's up 7.8% from 2023, the highest value on record.
The global average for this indicator in 2024 was 92.19 . Rwanda ranks #94 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #14 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 69.95
- Trough
- 33.22
- 1-year change
- +7.8%
- 5-year change
- +20.7%
- +3.8% / yr
- 10-year change
- +59.3%
- +4.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 69.9544 | |
| 64.9069 | |
| 61.1451 | |
| 54.2938 | |
| 55.1880 | |
| 57.9757 | |
| 55.7841 | |
| 53.6753 | |
| 49.4849 | |
| 45.2020 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Rwanda's Trade (% of GDP) in 2024?
- In 2024, Rwanda's Trade (% of GDP) was 69.95, according to World Bank Open Data.
- Is Rwanda's Trade (% of GDP) rising or falling?
- Rwanda's Trade (% of GDP) rose 7.8% from 2023 to 2024.
- How does Rwanda rank globally on Trade (% of GDP)?
- In 2024, Rwanda ranked #94 out of 160 countries reporting Trade (% of GDP).
- How does Rwanda's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Rwanda is below the world average. Within Sub-Saharan Africa, it ranks #14 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.