Goods and Services: Debit for Rwanda
RWABMGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.91
Year-over-Year Change
70.51%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Debit for Rwanda' metric measures the value of goods and services imported by Rwanda, providing insights into the country's trade balance and economic activity.
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
This indicator represents the debit, or outflow, of goods and services from Rwanda's economy. It is a key statistic used by economists and policymakers to assess Rwanda's international trade position and competitiveness.
Methodology
The data is collected by the World Bank based on national accounts and balance of payments reports.
Historical Context
Policymakers and analysts use this metric to evaluate Rwanda's external sector performance and inform trade, exchange rate, and macroeconomic policies.
Key Facts
- Rwanda's goods and services debit was 27.3% of GDP in 2020.
- The debit has increased by over 50% since 2010.
- Rwanda has a trade deficit, with debit exceeding credit.
FAQs
Q: What does this economic trend measure?
A: This metric measures the value of goods and services imported by Rwanda, representing the debit or outflow of its balance of payments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Rwanda's trade balance and international competitiveness, which are important for evaluating the country's economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on national accounts and balance of payments reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Rwanda's external sector performance and inform trade, exchange rate, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reporting timelines of national statistical agencies and the World Bank.
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Citation
U.S. Federal Reserve, Goods and Services: Debit for Rwanda (RWABMGSBP6GDPPT), retrieved from FRED.