Rwanda's PPG, private creditors (NFL, current US$) was US$388.34 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 505.9% from US$64.09 million in 2019 (43.38% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$388.34 million | 2024 |
| Five years earlier | US$64.09 million | 2019 |
| Highest | US$400 million | 2013 |
| Lowest | −US$4.82 million | 1986 |
| Average since 2018 | US$185.4 million | 2018–2024 |
| First recorded | −US$92,000 | 1970 |
Over five years it is up 505.9% from US$64.09 million in 2019 (43.38% a year on average, compounded). Since 1970 it is up 422,207% from −US$92,000 in 1970. The World Bank has no value for 18 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2024, Rwanda's PPG, private creditors (NFL, current US$) rose US$253.35 million on 2023 (from US$134.99 million to US$388.34 million).
Across the 30 yearly changes before that (1973 to 2023), the average change was +US$4.44 million and a typical year strayed about US$55.14 million from that (the standard deviation). This year's change was 4.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$253.35 million in 2024 and the biggest yearly fall was US$190.5 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 27th highest value of the 95 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.
| Value | Year | |
|---|---|---|
| Rwanda | US$388.34 million | 2024 |
| Low income | US$129.4 million | 2024 |
Closest to Rwanda in the 2024 ranking
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 37 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | 388,338,000 |
| 2023 | 134,988,000 |
| 2022 | 119,451,000 |
| 2021 | 309,946,000 |
| 2020 | 281,005,000 |
| 2019 | 64,093,000 |
| 2018 | 0 |
| 2017 | no data |
| 2016 | no data |
| 2015 | no data |
| 2014 |
PPG, private creditors (NFL, current US$) in nearby economies
- Angola — US$687.85 million (2024)
- Benin — US$977.24 million (2024)
- Botswana — −US$4.44 million (2019)
- Burkina Faso — US$62.99 million (2024)
- Cabo Verde — −US$22.14 million (2024)
- Cameroon — US$459.33 million (2024)
- Central African Republic — −US$1.45 million (2024)
- Chad — −US$173.12 million (2024)
- Congo, Dem. Rep. — −US$9.02 million (2024)
- Congo, Rep. — −US$430.39 million (2024)
More economic policy & debt data for Rwanda
- General government final consumption expenditure (current US$) — 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
Questions people ask
- What is Rwanda's PPG, private creditors (NFL, current US$)?
- US$388.34 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 422,207% from −US$92,000 in 1970. The highest value was US$400 million in 2013 and the lowest −US$4.82 million in 1986.
- How does Rwanda rank?
- 27th highest of 95 economies with data for 2024.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for Rwanda?
- In 2024, Rwanda's PPG, private creditors (NFL, current US$) rose US$253.35 million on 2023 (from US$134.99 million to US$388.34 million). Across the 30 yearly changes before that (1973 to 2023), the average change was +US$4.44 million and a typical year strayed about US$55.14 million from that (the standard deviation). This year's change was 4.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.NFL.PRVT.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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