Net Current Account Total for Rwanda
RWABCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.86
Year-over-Year Change
39.83%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Rwanda measures the difference between the country's total inflows and outflows of goods, services, and income. It is a key economic indicator used by policymakers to assess Rwanda's external balance and global trade competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents Rwanda's overall net international trade position, including goods, services, income, and unilateral transfers. It is a crucial metric for evaluating the nation's economic performance and global integration.
Methodology
The data is collected and calculated by the Rwandan government based on international standards.
Historical Context
Economists and policymakers closely monitor Rwanda's current account balance to guide trade, investment, and exchange rate policies.
Key Facts
- Rwanda's current account deficit was 4.9% of GDP in 2021.
- The current account is a key component of Rwanda's balance of payments.
- Improving the current account is a priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Rwanda measures the difference between the country's total inflows and outflows of goods, services, and income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a crucial indicator of Rwanda's economic performance and global trade competitiveness, making it relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Rwandan government based on international standards.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor Rwanda's current account balance to guide trade, investment, and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Rwandan government, but may be subject to occasional delays or revisions.
Related Trends
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ILRWAA052SCEN
Value of Exports to Rwanda from Oregon
ORRWAA052SCEN
Gross Domestic Product Per Capita for Rwanda
PCAGDPRWA646NWDB
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Citation
U.S. Federal Reserve, Net Current Account Total for Rwanda (RWABCABP6GDPPT), retrieved from FRED.