Source: world bank Nominal/PPP
Summary:
Rwanda GDP Per Capita expanded from 1960 to 2024, increasing from $39.37 to $999.65 .The compound annual growth rate (CAGR) averaged 5.18% over the period. The economy recorded its peak level in 2023 and its lowest level in 1966. Growth volatility remained high. The maximum drawdown reached 67.91%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
Rwanda Economic Phases (1960 - 2024)
From 1960 to 2024, Rwanda economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1961–1962) indicating temporary slowdown
- High Growth (1969–1970) indicating robust economic expansion
- High Growth (1972–1973) indicating robust economic expansion
- High Growth (1975–1981) indicating robust economic expansion
- Expansion (1983–1985) indicating steady moderate growth
- High Growth (1986–1988) indicating robust economic expansion
- Contraction (2000–2002) indicating temporary slowdown
- High Growth (2003–2012) indicating robust economic expansion
- Expansion (2014–2015) indicating steady moderate growth
- Expansion (2017–2019) indicating steady moderate growth
- High Growth (2021–2023) indicating robust economic expansion
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 1995 with an increase of 105.465%, while the largest decline was in 1994 at -55.084%.