Rwanda: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Rwanda |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -5.50 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2018 - 2019 |
| Average | -4.90 |
| Min - Max | -5.50 - -4.30 |
| Source | African Development Bank |
The latest value from 2019 is -5.5 percent, a decline from -4.3 percent in 2018. In comparison, the world average is -1.46 percent, based on data from 188 countries. Historically, the average for Rwanda from 2018 to 2019 is -4.9 percent. The minimum value, -5.5 percent, was reached in 2019 while the maximum of -4.3 percent was recorded in 2018.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 16.55 | 2023 | percent |
| Government spending, in dollars | 2.33 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.50 | 2019 | percent |
| Government debt | 64.47 | 2023 | percent |
| Government expenditure | 843.00 | Q2/2024 | billion |
| Tax revenue | 15.07 | 2020 | percent |
| Commercial tax rate | 33.20 | 2019 | percent |
| Tax preparation time | 91 | 2019 | hours |
| Number of taxes | 9 | 2019 | taxes |
| Taxes on goods and services | 31.40 | 2020 | percent |
| Taxes on international trade | 5.27 | 2020 | percent |
| Income and profits taxes | 28.33 | 2020 | percent |
| Foreign aid | 1,076.82 | 2022 | million U.S. dollars |