Rwanda: Remittances

* indicates monthly or quarterly data series
 Rwanda

Remittances, million USD

 Latest value 474.16
 Year 2022
 Measure million U.S. dollars
 Data availability 1976 - 2022
 Average 67.91
 Min - Max 0.00 - 474.16
 Source The World Bank
For that indicator, we provide data for Rwanda from 1976 to 2022. The average value for Rwanda during that period was 67.91 million U.S. dollars with a minimum of 0 million U.S. dollars in 2005 and a maximum of 474.16 million U.S. dollars in 2022. The latest value from 2022 is 474.16 million U.S. dollars. For comparison, the world average in 2022 based on 181 countries is 4215.66 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Rwanda - Remittances - Recent values chart

Historical chart
Rwanda - Remittances - historical chart - 1976-2022




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.


 Related indicators Latest value Reference Measure
 Terms of trade 119.49 2021 percent
 Trade openness 61.17 2022 percent
 Financial openness 1.224 2021 index points
 Exports, percent of GDP 22.49 2022 percent
 Exports, billion dollars 2.99 2022 billion U.S. dollars
 Growth of exports 29.35 2022 percent
 Imports, percent of GDP 38.68 2022 percent
 Imports, billion dollars 5.15 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.99 2022 percent
 Foreign Direct Investment, billion dollars 0.40 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -12.60 2022 percent
 Current account, in dollars -1.30 2022 billion U.S. dollars
 Trade balance, percent of GDP -16.19 2022 percent
 Trade balance, in dollars -1.99 2022 billion U.S. dollars
 Reserves 1.73 2022 billion U.S. dollars
 Remittances, percent of GDP 3.56 2022 percent
 Remittances 474.16 2022 million U.S. dollars
 Net errors and omissions 66.62 2022 million USD
 External debt 74.36 2022 percent
 Short-term external debt 3.88 2022 percent
 Short-term debt to reserves 21.81 2022 percent
 Foreign exchange reserves 1.41 9/2023 billion
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