Rwanda: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 1.91 billion U.S. Dollar as of July 2024, a decline compared to the previous value of 1.95 billion U.S. Dollar. Historically, the average for Rwanda from January 2010 to July 2024 is 1.02 billion U.S. Dollar. The minimum of 0.21 billion U.S. Dollar was recorded in May 2012, while the maximum of 2.05 billion U.S. Dollar was reached in August 2021.
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* indicates monthly or quarterly data series
- Measure: billion U.S. Dollar
- Source: National Institute of Statistics of Rwanda
| Recent values | Rwanda: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Jul | 1.91 |
| 2024 Jun | 1.95 |
| 2024 May | 1.73 |
| 2024 Apr | 1.57 |
| 2024 Mar | 1.58 |
| 2024 Feb | 1.5 |
| 2024 Jan | 1.64 |
| 2023 Dec | 1.83 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 119.49 | 2021 | percent |
| Trade openness | 65.98 | 2023 | percent |
| Financial openness | 1.224 | 2021 | index points |
| Exports, percent of GDP | 25.42 | 2023 | percent |
| Exports, billion dollars | 3.58 | 2023 | billion U.S. dollars |
| Growth of exports | 25.79 | 2023 | percent |
| Imports, percent of GDP | 40.56 | 2023 | percent |
| Imports, billion dollars | 5.72 | 2023 | 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 | 0.86 | 2023 | million dollars (current) |
| Current account, percent of GDP | -10.70 | 2023 | percent |
| Current account, in dollars | -1.65 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -16.19 | 2022 | percent |
| Trade balance, in dollars | -2.27 | 2023 | billion U.S. dollars |
| Reserves | 1.83 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 3.93 | 2023 | percent |
| Remittances | 553.81 | 2023 | million U.S. dollars |
| Net errors and omissions | 45.27 | 2023 | 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 |