Goods and Services: Net for Rwanda
RWABGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.80
Year-over-Year Change
9.13%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Rwanda' metric measures the balance of trade between Rwanda's exports and imports of goods and services as a percentage of GDP. This key economic indicator provides insight into Rwanda's international trade position and 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 'Goods and Services: Net' measure represents the difference between Rwanda's total exports and imports of goods and services, expressed as a percentage of its gross domestic product (GDP). This statistic is commonly used by economists and policymakers to evaluate the strength of Rwanda's external trade and economic performance.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Historical Context
Monitoring this trade balance trend helps inform Rwandan economic and trade policy decisions.
Key Facts
- Rwanda's goods and services trade balance was -7.3% of GDP in 2021.
- Rwanda has run a trade deficit for most of the past decade.
- Improving the trade balance is a key economic priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Rwanda' metric measures the difference between Rwanda's total exports and imports of goods and services, expressed as a percentage of its GDP.
Q: Why is this trend relevant for users or analysts?
A: This trade balance statistic provides important insights into Rwanda's international competitiveness, economic performance, and policy priorities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: Monitoring Rwanda's trade balance helps inform the country's economic and trade policy decisions, particularly efforts to boost exports and reduce the trade deficit.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Goods and Services: Net for Rwanda (RWABGSBP6GDPPT), retrieved from FRED.