Rwanda: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

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
For that indicator, we provide data for Rwanda from 2018 to 2019. The average value for Rwanda during that period was -4.9 percent with a minimum of -5.5 percent in 2019 and a maximum of -4.3 percent in 2018. The latest value from 2019 is -5.5 percent. For comparison, the world average in 2019 based on 188 countries is -1.44 percent. 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 - Fiscal balance, percent of GDP - Recent values chart

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.04 2022 percent
 Government spending, in dollars 2.27 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -5.50 2019 percent
 Government debt 62.05 2023 percent
 Government expenditure 662.00 Q3/2023 billion
 Tax revenue 15.08 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 27.67 2020 percent
 Taxes on international trade 4.65 2020 percent
 Income and profits taxes 24.97 2020 percent
 Foreign aid 1,314.66 2021 million U.S. dollars
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