Rwanda: Portfolio investment, bonds (PPG + PNG) (NFL, current US$)

Key figures

Over five years it is down 191.24% from US$20.98 million in 2019. Since 1972 it is down 2,360% from US$847,000 in 1972. The World Bank has no value for 39 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Rwanda's portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$94.75 million on 2023 (from −US$113.9 million to −US$19.15 million).

Across the 9 yearly changes before that (1976 to 2023), the average change was −US$12.66 million and a typical year strayed about US$144.53 million from that (the standard deviation). This year's change was 0.7 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 US$245.69 million in 2021 and the biggest yearly fall was US$309.63 million in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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 38th highest value of the 59 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

• Grenada — 35th of 59: −US$5.28 million
• Belize — 36th of 59: −US$5.77 million
• Dominica — 37th of 59: −US$9.78 million
• Jordan — 39th of 59: −US$20 million
• Congo, Rep. — 40th of 59: −US$27.23 million
• Cameroon — 41st of 59: −US$47.1 million

What this measures

Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.

Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.

Regional and income-group figures are computed by the World Bank as a sum.

All 14 values

Portfolio investment, bonds (PPG + PNG) (NFL, current US$) in nearby economies

• Benin — US$515.57 million (2024)
• Cameroon — −US$47.1 million (2024)
• Congo, Rep. — −US$27.23 million (2024)
• Côte d'Ivoire — US$2.22 billion (2024)
• Gabon — −US$314.44 million (2024)
• Ghana — −US$165.74 million (2024)
• Kenya — −US$500 million (2024)
• Mauritius — −US$56.75 million (2024)
• Nigeria — US$2.2 billion (2024)

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
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Questions people ask

What is Rwanda's portfolio investment, bonds (PPG + PNG) (NFL, current US$)?

−US$19.15 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is down 2,360% from US$847,000 in 1972. The highest value was US$400 million in 2013 and the lowest −US$113.9 million in 2023.

How does Rwanda rank?

38th highest of 59 economies with data for 2024.

Is the latest change in portfolio investment, bonds (PPG + PNG) (NFL, current US$) unusual for Rwanda?

In 2024, Rwanda's portfolio investment, bonds (PPG + PNG) (NFL, current US$) rose US$94.75 million on 2023 (from −US$113.9 million to −US$19.15 million). Across the 9 yearly changes before that (1976 to 2023), the average change was −US$12.66 million and a typical year strayed about US$144.53 million from that (the standard deviation). This year's change was 0.7 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 DT.NFL.BOND.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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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