Rwanda Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Rwanda's government debt to gdp was 73.20% in 2025, ranked 47th globally. This represents a 8.9% increase from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Rwanda's government debt to gdp stood at 73.20% in 2025, a rise of +5.96% from 2024. The IMF projects 73.20% by 2025. Rwanda ranked 47th globally.
Rwanda's government debt to GDP ratio has exhibited a notable fluctuation over the past three decades. The ratio peaked at 100.75 in 1995, a year marked by significant post-conflict reconstruction efforts. Conversely, the ratio hit a trough of 18.28 in 2008, indicating a period of relative fiscal stability. The country's debt burden has since increased, standing at 73.20 in 2025, ranking 47th globally. Comparative analysis reveals that Rwanda's debt to GDP ratio remains relatively high compared to peer countries such as The Bahamas, which has a ratio of 74.07, and Togo, with a ratio of 71.85. Rwanda's increasing debt burden may pose challenges for the government in its pursuit of sustainable economic growth. A shift towards more prudent fiscal policies or a decline in global interest rates could potentially alter the trajectory of Rwanda's debt to GDP ratio, allowing the country to stabilize its finances and reduce its reliance on debt.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 70.52% | - | - |
| 2029* IMF | 72.96% | - | - |
| 2028* IMF | 74.36% | - | - |
| 2027* IMF | 75.18% | - | - |
| 2026* IMF | 74.81% | - | - |
| 2025* IMF | 73.20% | - | - |
| 2025 | 73.20% | +5.96% | #47 |
| 2024 | 67.24% | +3.82% | #125 |
| 2023 | 63.42% | +2.52% | #118 |
| 2022 | 60.90% | −6.35% | #110 |
| 2021 | 67.25% | −1.46% | #113 |
| 2020 | 68.71% | +15.07% | #118 |
| 2019 | 53.64% | +4.41% | #105 |
| 2018 | 49.24% | +3.60% | #96 |
| 2017 | 45.63% | +4.56% | #86 |
| 2016 | 41.07% | +8.00% | #76 |
| 2015 | 33.08% | +3.94% | #55 |
| 2014 | 29.14% | +2.48% | #62 |
| 2013 | 26.66% | +7.58% | #56 |
| 2012 | 19.09% | +0.37% | #29 |
| 2011 | 18.72% | −0.10% | #31 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's government debt to gdp was 73.20% in 2025. Ranked 47th globally. This represents a 8.9% increase from the previous year.
Rwanda's government debt to gdp peaked at 100.75% in 1995.
The lowest government debt to gdp in Rwanda was 18.28% in 2008.
Rwanda ranks 47th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Rwanda's government debt to gdp is projected to reach 73.20% by 2025 based on IMF projection.
The government debt to gdp of Rwanda in 2025 was 73.20%. This ranks 47th in the world.
Cite this page
@misc{historysaid_rwanda_government-debt-to-gdp,
title = {Rwanda Government Debt to GDP},
url = {https://historysaid.com/rwanda/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}