Rwanda's total reserves in months of imports was 4.18 in 2024, the latest year in the World Bank's World Development Indicators. That is up 5.42% from 3.97 in 2014 (0.53% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.18 | 2024 |
| Five years earlier | 4.3 | 2019 |
| Ten years earlier | 3.97 | 2014 |
| Highest | 5.7 | 2010 |
| Lowest | 2.27 | 2012 |
| Average since 2015 | 4.27 | 2015–2024 |
| First recorded | 5.7 | 2010 |
What the numbers say
In 2024, Rwanda's total reserves in months of imports rose 16.1% on 2023 (from 3.6 to 4.18).
Across the 13 yearly changes before that (2011 to 2023), the average change was −0.7% and a typical year strayed about 23.7% 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 33.5% in 2014 and the biggest yearly fall was 40.6% in 2012. 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 5% 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 18th highest value of the 36 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 | 4.18 | 2024 |
| World | 8.62 | 2025 |
| Sub-Saharan Africa | 6.12 | 2025 |
| Low income | 3.28 | 2024 |
Closest to Rwanda in the 2024 ranking
- Botswana — 15th of 36: 4.71
- Tunisia — 16th of 36: 4.5
- Fiji — 17th of 36: 4.44
- Namibia — 19th of 36: 3.96
- Bahamas, The — 20th of 36: 3.95
- Kyrgyz Republic — 21st of 36: 3.95
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].
Regional and income-group figures are computed by the World Bank as a weighted average.
All 15 values
| Year | Total reserves in months of imports |
|---|---|
| 2024 | 4.18 |
| 2023 | 3.6 |
| 2022 | 3.93 |
| 2021 | 5.47 |
| 2020 | 5.45 |
| 2019 | 4.3 |
| 2018 | 4.39 |
| 2017 | 4.18 |
| 2016 | 3.6 |
| 2015 | 3.58 |
| 2014 |
Total reserves in months of imports in nearby economies
- Angola — 5.29 (2025)
- Botswana — 4.71 (2024)
- Burundi — 0.73 (2023)
- Cabo Verde — 8.69 (2025)
- Cameroon — 5.28 (2024)
- Comoros — 7.61 (2023)
- Congo, Dem. Rep. — 1.69 (2023)
- Congo, Rep. — 1.6 (2021)
- Eswatini — 1.91 (2024)
- Ethiopia — 1.78 (2024)
- Gabon
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 total reserves in months of imports?
- 4.18 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 26.54% from 5.7 in 2010 (2.18% a year on average, compounded). The highest value was 5.7 in 2010 and the lowest 2.27 in 2012.
- How does Rwanda rank?
- 18th highest of 36 economies with data for 2024.
- Is the latest change in total reserves in months of imports unusual for Rwanda?
- In 2024, Rwanda's total reserves in months of imports rose 16.1% on 2023 (from 3.6 to 4.18). Across the 13 yearly changes before that (2011 to 2023), the average change was −0.7% and a typical year strayed about 23.7% 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 FI.RES.TOTL.MO, licensed CC BY 4.0. Original source: International Financial Statistics database, 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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