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Economy of Kyrgyzstan vs Rwanda compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $14.3B for Rwanda, ranking 135/197 and 144/197 by economy size, respectively.

Kyrgyzstan has $6.56B in government debt (37.5% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Kyrgyzstan vs Rwanda GDP by year

Kyrgyzstan
Rwanda
1x
Year GDP, current $
Kyrgyzstan Rwanda
2024 $17,478,259,659 $14,251,642,235
2023 $15,180,842,369 $14,331,722,703
2022 $12,134,931,018 $13,316,161,002
2021 $9,249,133,946 $11,078,787,090
2020 $8,270,468,614 $10,174,386,857
2019 $9,371,275,264 $10,349,300,277
2018 $8,271,106,235 $9,637,904,521
2017 $7,702,938,379 $9,252,833,891
2016 $6,813,095,379 $8,695,272,058
2015 $6,678,177,512 $8,543,760,200
2014 $7,468,102,413 $8,238,966,124
2013 $7,335,033,801 $7,819,964,030
2012 $6,605,142,884 $7,654,761,050
2011 $6,197,765,984 $6,884,913,658
2010 $4,794,361,863 $6,124,756,654
2009 $4,690,061,381 $5,674,476,969
2008 $5,139,958,909 $5,179,854,065
2007 $3,802,570,553 $4,070,507,895
2006 $2,834,168,889 $3,319,784,539
2005 $2,460,246,766 $2,933,819,766
2004 $2,211,534,585 $2,376,496,067
2003 $1,919,008,090 $2,138,237,279
2002 $1,605,643,105 $1,966,003,468
2001 $1,525,116,370 $1,966,600,715
2000 $1,369,688,498 $2,068,836,754
1999 $1,249,061,487 $2,157,108,263
1998 $1,645,963,750 $1,989,343,546
1997 $1,767,864,036 $1,851,558,197
1996 $1,827,570,586 $1,382,334,879
1995 $1,661,147,035 $1,293,535,193
1994 $1,681,780,847 $753,636,370
1993 $2,026,019,253 $1,971,525,712
1992 $2,315,346,943 $2,029,026,962
1991 $2,542,256,424 $1,911,600,237
1990 $2,660,202,623 $2,550,185,679
1989 - $2,405,022,593
1988 - $2,395,492,687
1987 - $2,157,432,668
1986 - $1,944,710,684
1985 - $1,715,626,331
1984 - $1,587,413,084
1983 - $1,479,687,587
1982 - $1,407,243,139
1981 - $1,407,062,527
1980 - $1,254,765,642
1979 - $1,109,346,131
1978 - $905,709,076
1977 - $746,650,613
1976 - $637,753,853
1975 - $571,863,500
1974 - $308,458,423
1973 - $290,746,157
1972 - $246,457,838
1971 - $222,952,504
1970 - $219,900,006
1969 - $188,700,037
1968 - $172,200,018
1967 - $159,560,018
1966 - $124,525,703
1965 - $148,799,980
1964 - $129,999,994
1963 - $128,000,000
1962 - $125,000,008
1961 - $122,000,016
1960 - $119,000,024

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

GDP per capita in Kyrgyzstan vs Rwanda by year

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kyrgyzstan Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,420 $8,012 $1,000 $3,711
2023 $2,138 $7,298 $1,027 $3,399
2022 $1,740 $6,578 $975 $3,099
2021 $1,350 $5,736 $830 $2,733
2020 $1,230 $5,179 $779 $2,285
2019 $1,422 $5,304 $810 $2,336
2018 $1,284 $4,778 $772 $2,125
2017 $1,221 $4,954 $758 $1,968
2016 $1,103 $4,604 $730 $1,866
2015 $1,106 $4,153 $734 $1,781
2014 $1,265 $4,228 $725 $1,678
2013 $1,270 $4,001 $705 $1,512
2012 $1,169 $3,589 $707 $1,455
2011 $1,117 $3,278 $651 $1,413
2010 $877 $3,076 $594 $1,314
2009 $870 $3,097 $564 $1,241
2008 $966 $3,031 $528 $1,191
2007 $722 $2,770 $426 $1,079
2006 $543 $2,508 $357 $1,002
2005 $477 $2,386 $324 $914
2004 $433 $2,343 $269.5 $832
2003 $381 $2,158 $249 $775
2002 $322 $1,998 $234 $760
2001 $308 $1,986 $237.3 $670
2000 $279.6 $1,862 $251.9 $609
1999 $258 $1,747 $264.7 $554
1998 $345 $1,687 $246.2 $528
1997 $376 $1,659 $238.7 $500
1996 $395 $1,505 $206 $499
1995 $364 $1,401 $228 $514
1994 $372 $1,466 $111 $311
1993 $449 $1,795 $247 $521
1992 $513 $2,075 $264.1 $575
1991 $570 $2,382 $254 $542
1990 $606 $2,544 $346 $549
1989 - - $335 -
1988 - - $344 -
1987 - - $320 -
1986 - - $297.7 -
1985 - - $271.6 -
1984 - - $259.9 -
1983 - - $250.6 -
1982 - - $246.4 -
1981 - - $254.6 -
1980 - - $234.4 -
1979 - - $213.8 -
1978 - - $179.9 -
1977 - - $152.7 -
1976 - - $134.4 -
1975 - - $124.1 -
1974 - - $68.9 -
1973 - - $66.9 -
1972 - - $58.4 -
1971 - - $54.4 -
1970 - - $55.2 -
1969 - - $48.9 -
1968 - - $46 -
1967 - - $44 -
1966 - - $35.4 -
1965 - - $43.5 -
1964 - - $39 -
1963 - - $39.3 -
1962 - - $39.2 -
1961 - - $39.3 -
1960 - - $39.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

Kyrgyzstan's GDP per capita is $2,420, ranking 150/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 141st at $8,012, while Rwanda ranks 168th at $3,711.

Economic indicators

Kyrgyzstan Rwanda
Gross domestic product
$17.5B
2024
$14.3B
2024
GDP rank
135/197
2024
144/197
2024
GDP growth
9.04%
2023-2024
8.89%
2023-2024
GDP per capita
$2,420
2024
$1,000
2024
GDP per capita rank
150/197
2024
178/197
2024
GDP per capita, PPP
$8,012
2024
$3,711
2024
GDP per capita PPP rank
141/197
2024
168/197
2024
Government debt
$6.56B
2024
$9.58B
2024
Debt-to-GDP ratio
37.5%
2024
67.2%
2024
Government debt per person
$908
2024
$672
2024
Government debt per person rank
144/185
2024
157/185
2024
Average annual personal income after taxes
$4,187
2026
$2,194
2026
Market capitalization of domestic companies n/a
$2.75B
2024
Income share by richest 10%
23%
2023
33.4%
2023
Income share by poorest 10%
4.3%
2023
3.1%
2023
Government expenditure, % of GDP
33.7%
2024
28.8%
2024
Consumer prices inflation
5%
2023-2024
1.77%
2023-2024
Central bank interest rate
10%
2025
6.75%
2025
Unemployment rate
3.5%
2023
11.3%
2024
Population
7471102
14975051

Spending and national debt comparison by year

Kyrgyzstan
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Kyrgyzstan Rwanda
Government spending Government debt Government spending Government debt
2024 33.7% 37.5% 28.8% 67.2%
2023 32.9% 42% 27% 63.4%
2022 35% 46.8% 29.7% 60.9%
2021 32.1% 56.2% 31.6% 67.3%
2020 32.1% 63.6% 33.5% 68.7%
2019 30.8% 48.8% 28.2% 53.6%
2018 33.1% 54.8% 26.4% 49.2%
2017 37% 58.8% 25.1% 45.6%
2016 38.9% 59.1% 25.1% 41.1%
2015 38.1% 67.1% 26.6% 33.1%
2014 38.5% 53.6% 27.5% 29.1%
2013 38.1% 47.1% 26.2% 26.7%
2012 40.6% 50.5% 24.6% 19.1%
2011 37.4% 50.1% 24.7% 18.7%
2010 37.1% 59.7% 23.8% 18.8%
2009 32.5% 58.5% 22.3% 18.5%
2008 27.9% 49% 22.5% 18.3%
2007 29.6% 57.7% 22.4% 22.1%
2006 29.1% 73.4% 20.6% 22.5%
2005 29.1% 85.7% 19.9% 58.9%
2004 28.5% 92.7% 17.9% 80.9%
2003 28.1% 108.2% 18.5% 79.5%
2002 29.3% 107.9% 20.5% 92%
2001 28.1% 108.2% 19.1% 84%
2000 30.2% 123.3% 18.2% 86%
1999 35.9% 119.6% 22.4% 78.4%
1998 35.9% 85.1% 16.4% 70.1%
1997 31.1% 64.8% 17% 72.2%
1996 28.6% 57.7% 19.5% 83.4%
1995 37.9% 52.4% 18% 100.8%
1994 - - 13.3% -
1993 - - 20.3% -
1992 - - 21.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 33.7% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 37.5% in Kyrgyzstan and 67.2% in Rwanda, ranking 140/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Kyrgyzstan

Rwanda
1x
Year Deficit/surplus, % of GDP
Kyrgyzstan Rwanda
2024 1.87% -6.57%
2023 1.59% -5.04%
2022 -0.29% -5.74%
2021 -0.71% -7%
2020 -3.06% -9.54%
2019 -0.07% -5.08%
2018 -0.59% -2.57%
2017 -3.73% -2.52%
2016 -5.79% -2.27%
2015 -2.52% -2.68%
2014 -3.07% -3.92%
2013 -3.7% -1.27%
2012 -5.86% -2.38%
2011 -4.7% -0.86%
2010 -5.95% -0.64%
2009 0.38% 0.26%
2008 1.92% 0.83%
2007 1.28% -1.56%
2006 -2.1% -0.03%
2005 -3.79% 1.12%
2004 -4.89% 2.27%
2003 -5.17% -1.23%
2002 -5.9% -2.03%
2001 -6.75% -1.8%
2000 -10.7% -0.22%
1999 -13.5% -4.41%
1998 -12% -2.59%
1997 -9.3% -2.22%
1996 -9.1% -5.01%
1995 -13.5% -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 30 years, Kyrgyzstan recorded a fiscal deficit in 25 of those years, while Rwanda ran a deficit in 26 years. On average, Kyrgyzstan posted an annual deficit equal to 4.32% of GDP, compared to deficit of 2.56% of GDP for Rwanda.

Inflation comparison by year

Inflation
Kyrgyzstan

Rwanda
1x
Year Consumer prices inflation
Kyrgyzstan Rwanda
2024 5% 1.77%
2023 10.8% 19.8%
2022 13.9% 17.7%
2021 11.9% -0.39%
2020 6.3% 9.85%
2019 1.1% 3.35%
2018 1.5% -0.31%
2017 3.2% 8.28%
2016 0.4% 7.17%
2015 6.5% 2.53%
2014 7.5% 2.35%
2013 6.6% 5.92%
2012 2.8% 10.3%
2011 16.6% 3.08%
2010 8% -0.25%
2009 6.8% 12.9%
2008 24.5% 15.4%
2007 10.2% 9.08%
2006 5.6% 8.88%
2005 4.3% 9.01%
2004 4.1% 12.3%
2003 3% 7.45%
2002 2.1% 1.99%
2001 6.9% 3.34%
2000 19.7% 3.9%
1999 35.9% -2.41%
1998 10.5% 6.21%
1997 23.4% 12%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

Over the past 28 years, Kyrgyzstan has recorded an average annual inflation rate of 9.25%, compared with 6.83% in Rwanda. In 2024, inflation was 5% in Kyrgyzstan and 1.77% in Rwanda.

Top exports between countries

Kyrgyzstan
Export category Export value
Rwanda
Export category Export value
Raw agricultural goods $90K

Balance of trade

Kyrgyzstan Rwanda
Current account balance
-$5.18B
2022
-$1.81B
2024
Current account balance ranking
167/190
2022
140/190
2024
Current account balance, % of GDP
-42.7%
2022
-12.7%
2024
Goods imports
$9.17B
2022
$5.55B
2024
Goods exports
$2.25B
2022
$3.2B
2024
Service imports
$1.48B
2022
$991M
2024
Service exports
$1.37B
2022
$1.08B
2024
Imports of goods and services, % of GDP
84.2%
2024
39.1%
2024
Exports of goods and services, % of GDP
43.4%
2024
30.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Kyrgyzstan Rwanda
Economic freedom 56 56.5
Economic freedom ranking 126/197 121/197
Property rights 22.9 60.3
Government integrity 23.9 53.9
Judicial effectiveness 8.3 27.5
Tax burden 93.2 80.6
Government spending 65.6 75.7
Fiscal health 97.2 37.5
Business freedom 58.2 60.1
Labor freedom 52.3 49.1
Monetary freedom 68 72.3
Trade freedom 72.6 61.8
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Kyrgyzstan
Rwanda
1x
Year Economic freedom index
Kyrgyzstan Rwanda
2026 56 56.5
2025 55.6 54.8
2024 55.2 51.6
2023 55.8 52.2
2022 55.8 57.1
2021 63.7 68.3
2020 62.9 70.9
2019 62.3 71.1
2018 62.8 69.1
2017 61.1 67.6
2016 59.6 63.1
2015 61.3 64.8
2014 61.1 64.7
2013 59.6 64.1
2012 60.2 64.9
2011 61.1 62.7
2010 61.3 59.1
2009 61.8 54.2
2008 61.1 54.2
2007 60.2 52.4
2006 61 52.8
2005 56.6 51.7
2004 58 53.3
2003 56.8 47.8
2002 51.7 50.4
2001 53.7 45.4
2000 55.7 42.3
1999 54.8 39.8
1998 51.8 39.1
1997 - 38.3

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

The Economic Freedom Index for Kyrgyzstan is 56, ranking 126/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kyrgyzstan Rwanda
Services, % of GDP
52.1%
2024
47.6%
2024
Industry, % of GDP
24.7%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
24.6%
2024
GNI, Atlas method
$15.8B
2024
$14.8B
2024
GNI per capita, PPP
$7,900
2024
$3,620
2024
Total reserves including gold
$5.09B
2024
$2.41B
2024
Total reserves ranking
100/177
2024
123/177
2024
Net foreign direct investment
-$509M
2022
-$560M
2024
Net inflows of foreign direct investment
$705M
2024
$573M
2024
Net outflows of foreign direct investment
$20M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
4.74%
2024
3.09%
2024
Poverty at national poverty lines
25.7%
2024
27.4%
2023
Gross capital formation, % of GDP
29.8%
2024
25.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/kyrgyzstan/rwanda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2021, retrieved 2026-02-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.