Rwanda's interest payments (current LCU) was 417.89 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 860.67% from 43.5 billion in 2014 (25.39% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 417.89 billion | 2024 |
| Five years earlier | 102.83 billion | 2019 |
| Ten years earlier | 43.5 billion | 2014 |
| Highest | 417.89 billion | 2024 |
| Lowest | 64 million | 1973 |
| Average since 2015 | 163.24 billion | 2015–2024 |
| First recorded | 64 million |
What the numbers say
In 2024, Rwanda's interest payments (current LCU) rose 37.5% on 2023 (from 303.91 billion to 417.89 billion).
Across the 19 yearly changes before that (1974 to 2023), the average change was +30.7% and a typical year strayed about 39.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 155.3% in 1979 and the biggest yearly fall was 28.6% in 1977. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 37.1 billion a year. A straight line explains 87% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Rwanda had the 21st highest value of the 86 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Rwanda in the 2024 ranking
- Brazil — 17th of 86: 937.68 billion
- Philippines — 18th of 86: 763.31 billion
- Madagascar — 19th of 86: 555.08 billion
- South Africa — 21st of 86: 393.43 billion
- Armenia — 22nd of 86: 313.58 billion
- Burkina Faso — 23rd of 86: 305.62 billion
What this measures
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 23 values
| Year | Interest payments (current LCU) |
|---|---|
| 2024 | 417,889,979,979 |
| 2023 | 303,911,798,775 |
| 2022 | 220,363,327,180 |
| 2021 | 180,985,875,902 |
| 2020 | 139,437,088,260 |
| 2019 | 102,828,963,307 |
| 2018 | 91,969,639,647 |
| 2017 | 72,191,874,699 |
| 2016 | 56,998,212,948 |
| 2015 | 45,872,275,573 |
Interest payments (current LCU) in nearby economies
- Angola — 4.78 trillion (2024)
- Botswana — 2.55 billion (2023)
- Burkina Faso — 305.62 billion (2024)
- Burundi — 33.28 billion (2021)
- Cabo Verde — 4.77 billion (2020)
- Cameroon — 241.62 billion (2021)
- Central African Republic — 8.42 billion (2021)
- Congo, Dem. Rep. — 119.33 billion (2022)
- Congo, Rep. — 152.6 billion (2021)
- Côte d'Ivoire — 1.24 trillion (2023)
- Equatorial Guinea
More public sector data for Rwanda
- Military expenditure (current USD) — 191.19 million (2025)
- Military expenditure (current LCU) — 273.65 billion (2025)
- Military expenditure (% of GDP) — 1.29% (2025)
- Arms imports (SIPRI trend indicator values) — 37 million (2023)
- Military expenditure (% of general government expenditure) — 4.7% (2025)
- Armed forces personnel, total — 35,000 (2020)
- Armed forces personnel (% of total labor force) — 0.7% (2020)
- Grants and other revenue (current LCU) — 1.5 trillion (2024)
- Grants and other revenue (% of revenue) — 33.97% (2024)
- Social contributions (current LCU)
Reading data like this
Questions people ask
- What is Rwanda's interest payments (current LCU)?
- 417.89 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1973?
- It is up 652,853% from 64 million in 1973 (18.8% a year on average, compounded). The highest value was 417.89 billion in 2024 and the lowest 64 million in 1973.
- How does Rwanda rank?
- 21st highest of 86 economies with data for 2024.
- Is the latest change in interest payments (current LCU) unusual for Rwanda?
- In 2024, Rwanda's interest payments (current LCU) rose 37.5% on 2023 (from 303.91 billion to 417.89 billion). Across the 19 yearly changes before that (1974 to 2023), the average change was +30.7% and a typical year strayed about 39.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.INTP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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