Rwanda: Net primary income (current US$, BoP)

Key figures

What the numbers say

In 2024, Rwanda's net primary income (current US$, BoP) fell US$55.84 million on 2023 (from −US$277.53 million to −US$333.37 million).

Across the 13 yearly changes before that (2011 to 2023), the average change was −US$18.36 million and a typical year strayed about US$74.8 million from that (the standard deviation). This year's change was 0.5 standard deviations below 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 US$130.17 million in 2020 and the biggest yearly fall was US$185.13 million in 2016. 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 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 15th highest value of the 29 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

• Ethiopia — 11th of 29: −US$194.15 million
• Kyrgyz Republic — 12th of 29: −US$239.98 million
• Namibia — 13th of 29: −US$245.58 million
• Niger — 15th of 29: −US$348.88 million
• Liberia — 16th of 29: −US$353.19 million
• Fiji — 17th of 29: −US$370.14 million

What this measures

Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 15 values

Net primary income (current US$, BoP) in nearby economies

• Angola — −US$5.94 billion (2025)
• Benin — −US$189.28 million (2023)
• Botswana — −US$383.14 million (2025)
• Burkina Faso — −US$1.14 billion (2024)
• Burundi — −US$20.47 million (2025)
• Cabo Verde — −US$39.9 million (2025)
• Cameroon — −US$1.11 billion (2024)
• Comoros — US$7.38 million (2023)
• Congo, Dem. Rep. — −US$3.36 billion (2025)
• Congo, Rep. — −US$1.65 billion (2021)
• Côte d'Ivoire

More economic policy & debt data for Rwanda

• General government final consumption expenditure (current US$) — US$2.47 billion (2025)
• General government final consumption expenditure (current LCU) — 3.52 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$2.46 billion (2025)
• General government final consumption expenditure (constant LCU) — 3.28 trillion (2025)
• General government final consumption expenditure (% of GDP) — 15.06% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$10.54 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 15.06 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Rwanda's net primary income (current US$, BoP)?

−US$333.37 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is down 759.32% from −US$38.8 million in 2010. The highest value was −US$38.8 million in 2010 and the lowest −US$344.21 million in 2018.

How does Rwanda rank?

15th highest of 29 economies with data for 2024.

Is the latest change in net primary income (current US$, BoP) unusual for Rwanda?

In 2024, Rwanda's net primary income (current US$, BoP) fell US$55.84 million on 2023 (from −US$277.53 million to −US$333.37 million). Across the 13 yearly changes before that (2011 to 2023), the average change was −US$18.36 million and a typical year strayed about US$74.8 million from that (the standard deviation). This year's change was 0.5 standard deviations below 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 BN.GSR.FCTY.CD, licensed CC BY 4.0. Original source: Balance of Payments 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.