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Economy of Rwanda vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Rwanda has a GDP of $14.3B compared to $1.16B for Saint Vincent, ranking 144/197 and 186/197 by economy size, respectively.

Rwanda has $9.58B in government debt (67.2% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Rwanda vs Saint Vincent GDP by year

Rwanda
Saint Vincent
1x
Year GDP, current $
Rwanda Saint Vincent
2024 $14,251,642,235 $1,157,207,407
2023 $14,331,722,703 $1,072,237,037
2022 $13,316,161,002 $989,188,889
2021 $11,078,787,090 $888,677,778
2020 $10,174,386,857 $864,566,667
2019 $10,349,300,277 $910,481,481
2018 $9,637,904,521 $884,329,630
2017 $9,252,833,891 $844,040,741
2016 $8,695,272,058 $814,303,704
2015 $8,543,760,200 $786,555,556
2014 $8,238,966,124 $770,900,000
2013 $7,819,964,030 $764,781,259
2012 $7,654,761,050 $730,032,593
2011 $6,884,913,658 $713,796,370
2010 $6,124,756,654 $720,447,889
2009 $5,674,476,969 $714,300,259
2008 $5,179,854,065 $732,663,259
2007 $4,070,507,895 $713,596,667
2006 $3,319,784,539 $643,501,148
2005 $2,933,819,766 $579,948,926
2004 $2,376,496,067 $549,900,185
2003 $2,138,237,279 $509,090,889
2002 $1,966,003,468 $487,763,852
2001 $1,966,600,715 $462,072,333
2000 $2,068,836,754 $427,946,037
1999 $2,157,108,263 $390,718,519
1998 $1,989,343,546 $373,618,519
1997 $1,851,558,197 $347,770,370
1996 $1,382,334,879 $331,488,889
1995 $1,293,535,193 $316,007,407
1994 $753,636,370 $289,437,037
1993 $1,971,525,712 $286,307,407
1992 $2,029,026,962 $277,955,556
1991 $1,911,600,237 $254,829,630
1990 $2,550,185,679 $240,366,667
1989 $2,405,022,593 $214,745,002
1988 $2,395,492,687 $200,726,713
1987 $2,157,432,668 $175,580,647
1986 $1,944,710,684 $160,846,657
1985 $1,715,626,331 $145,641,705
1984 $1,587,413,084 $135,024,988
1983 $1,479,687,587 $122,255,350
1982 $1,407,243,139 $113,759,203
1981 $1,407,062,527 $102,086,539
1980 $1,254,765,642 $82,340,340
1979 $1,109,346,131 $71,096,360
1978 $905,709,076 $60,844,771
1977 $746,650,613 $49,353,162
1976 $637,753,853 $32,792,845
1975 $571,863,500 $33,237,226
1974 $308,458,423 $32,923,703
1973 $290,746,157 $30,165,081
1972 $246,457,838 $27,585,805
1971 $222,952,504 $20,051,922
1970 $219,900,006 $18,450,000
1969 $188,700,037 $16,650,000
1968 $172,200,018 $15,350,000
1967 $159,560,018 $15,835,106
1966 $124,525,703 $16,099,960
1965 $148,799,980 $15,108,296
1964 $129,999,994 $14,758,296
1963 $128,000,000 $13,708,299
1962 $125,000,008 $14,524,964
1961 $122,000,016 $13,999,965
1960 $119,000,024 $13,066,634

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

GeoRank.org/economy/rwanda/saint-vincent | CC BY

GDP per capita in Rwanda vs Saint Vincent by year

Rwanda
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Rwanda Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,000 $3,711 $11,501 $21,272
2023 $1,027 $3,399 $10,582 $19,820
2022 $975 $3,099 $9,694 $18,035
2021 $830 $2,733 $8,641 $16,201
2020 $779 $2,285 $8,351 $15,337
2019 $810 $2,336 $8,741 $15,340
2018 $772 $2,125 $8,428 $14,690
2017 $758 $1,968 $7,988 $13,575
2016 $730 $1,866 $7,657 $13,493
2015 $734 $1,781 $7,354 $12,379
2014 $725 $1,678 $7,169 $12,136
2013 $705 $1,512 $7,072 $11,625
2012 $707 $1,455 $6,714 $10,989
2011 $651 $1,413 $6,528 $10,774
2010 $594 $1,314 $6,552 $10,561
2009 $564 $1,241 $6,464 $10,869
2008 $528 $1,191 $6,599 $10,902
2007 $426 $1,079 $6,398 $10,604
2006 $357 $1,002 $5,745 $9,949
2005 $324 $914 $5,157 $8,986
2004 $269.5 $832 $4,873 $8,472
2003 $249 $775 $4,500 $7,903
2002 $234 $760 $4,303 $7,250
2001 $237.3 $670 $4,071 $6,768
2000 $251.9 $609 $3,769 $6,503
1999 $264.7 $554 $3,447 $6,266
1998 $246.2 $528 $3,301 $6,026
1997 $238.7 $500 $3,074 $5,726
1996 $206 $499 $2,930 $5,440
1995 $228 $514 $2,795 $5,277
1994 $111 $311 $2,563 $4,802
1993 $247 $521 $2,540 $4,769
1992 $264.1 $575 $2,471 $4,477
1991 $254 $542 $2,271 $4,126
1990 $346 $549 $2,150 $3,960
1989 $335 - $1,930 -
1988 $344 - $1,814 -
1987 $320 - $1,596 -
1986 $297.7 - $1,472 -
1985 $271.6 - $1,342 -
1984 $259.9 - $1,254 -
1983 $250.6 - $1,144 -
1982 $246.4 - $1,074 -
1981 $254.6 - $972 -
1980 $234.4 - $790 -
1979 $213.8 - $687 -
1978 $179.9 - $592 -
1977 $152.7 - $484 -
1976 $134.4 - $324 -
1975 $124.1 - $331 -
1974 $68.9 - $331 -
1973 $66.9 - $306 -
1972 $58.4 - $282.1 -
1971 $54.4 - $207 -
1970 $55.2 - $192.3 -
1969 $48.9 - $175.2 -
1968 $46 - $163.1 -
1967 $44 - $170 -
1966 $35.4 - $174.9 -
1965 $43.5 - $166.2 -
1964 $39 - $164.4 -
1963 $39.3 - $154.9 -
1962 $39.2 - $166.5 -
1961 $39.3 - $163 -
1960 $39.4 - $154.8 -

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

GeoRank.org/economy/rwanda/saint-vincent | CC BY

Rwanda's GDP per capita is $1,000, ranking 178/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Rwanda ranks 168th at $3,711, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Rwanda Saint Vincent
Gross domestic product
$14.3B
2024
$1.16B
2024
GDP rank
144/197
2024
186/197
2024
GDP growth
8.89%
2023-2024
4.06%
2023-2024
GDP per capita
$1,000
2024
$11,501
2024
GDP per capita rank
178/197
2024
81/197
2024
GDP per capita, PPP
$3,711
2024
$21,272
2024
GDP per capita PPP rank
168/197
2024
92/197
2024
Government debt
$9.58B
2024
$1.07B
2024
Debt-to-GDP ratio
67.2%
2024
92.7%
2024
Government debt per person
$672
2024
$10,659
2024
Government debt per person rank
157/185
2024
56/185
2024
Average annual personal income after taxes
$2,194
2026
$12,573
2026
Market capitalization of domestic companies
$2.75B
2024
n/a
Income share by richest 10%
33.4%
2023
n/a
Income share by poorest 10%
3.1%
2023
n/a
Government expenditure, % of GDP
28.8%
2024
39.1%
2024
Consumer prices inflation
1.77%
2023-2024
3.63%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
11.3%
2024
18.8%
2008
Population
14975051
99237

Spending and national debt comparison by year

Rwanda
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Rwanda Saint Vincent
Government spending Government debt Government spending Government debt
2024 28.8% 67.2% 39.1% 92.7%
2023 27% 63.4% 38.9% 89.4%
2022 29.7% 60.9% 36.6% 86.3%
2021 31.6% 67.3% 37.2% 88.4%
2020 33.5% 68.7% 32.9% 80.2%
2019 28.2% 53.6% 29.2% 68.2%
2018 26.4% 49.2% 26.3% 69.4%
2017 25.1% 45.6% 26.6% 69%
2016 25.1% 41.1% 27.1% 79.4%
2015 26.6% 33.1% 27.6% 75.1%
2014 27.5% 29.1% 30.4% 75%
2013 26.2% 26.7% 29.4% 69.9%
2012 24.6% 19.1% 26.5% 68.1%
2011 24.7% 18.7% 29.4% 64%
2010 23.8% 18.8% 31.1% 61.1%
2009 22.3% 18.5% 31% 57.2%
2008 22.5% 18.3% 28.4% 50.3%
2007 22.4% 22.1% 27.1% 48.5%
2006 20.6% 22.5% 26.1% 44.7%
2005 19.9% 58.9% 26.7% 50.5%
2004 17.9% 80.9% 24.9% 58.6%
2003 18.5% 79.5% 26% 55.3%
2002 20.5% 92% 25.7% 53.2%
2001 19.1% 84% 24.4% 52%
2000 18.2% 86% 23.8% 54.3%
1999 22.4% 78.4% 25.2% 52.9%
1998 16.4% 70.1% 25.2% 39.5%
1997 17% 72.2% 26% 38.8%
1996 19.5% 83.4% 20.9% 40.7%
1995 18% 100.8% 19.9% 46.8%
1994 13.3% - 22.4% 52.8%
1993 20.3% - 22.3% 48.1%
1992 21.5% - 25.4% 49.6%
1991 - - 25.5% 52.1%
1990 - - 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/saint-vincent | CC BY

In 2024, Rwanda's government spending was $4.1B, accounting for 28.8% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 67.2% in Rwanda and 92.7% in Saint Vincent, ranking 65/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Rwanda

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Rwanda Saint Vincent
2024 -6.57% -12.9%
2023 -5.04% -12%
2022 -5.74% -9.35%
2021 -7% -7.19%
2020 -9.54% -5.92%
2019 -5.08% -3.45%
2018 -2.57% -1.65%
2017 -2.52% -1.56%
2016 -2.27% 0.04%
2015 -2.68% -2.01%
2014 -3.92% -2.82%
2013 -1.27% -5.81%
2012 -2.38% -1.81%
2011 -0.86% -3.5%
2010 -0.64% -3.7%
2009 0.26% -2.85%
2008 0.83% -1.3%
2007 -1.56% -3.07%
2006 -0.03% -3.13%
2005 1.12% -4.3%
2004 2.27% -2.71%
2003 -1.23% -2.51%
2002 -2.03% -2%
2001 -1.8% -1.6%
2000 -0.22% -0.82%
1999 -4.41% -1.93%
1998 -2.59% -1.81%
1997 -2.22% -2.77%
1996 -5.01% 1.57%
1995 -2.04% 1.08%
1994 -9.54% 0.12%
1993 -6.6% -1.46%
1992 -7.21% -3.25%
1991 - -0.47%
1990 - 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/saint-vincent | CC BY

In 2024, Rwanda's government deficit, the difference between spending and revenue, was $936M, equivalent to 6.57% of GDP. This compares to Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 33 years, Rwanda recorded a fiscal deficit in 29 of those years, while Saint Vincent ran a deficit in 29 years. On average, Rwanda posted an annual deficit equal to 3.03% of GDP, compared to deficit of 3.22% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Rwanda

Saint Vincent
1x
Year Consumer prices inflation
Rwanda Saint Vincent
2024 1.77% 3.63%
2023 19.8% 4.56%
2022 17.7% 5.66%
2021 -0.39% 1.57%
2020 9.85% -0.63%
2019 3.35% 0.91%
2018 -0.31% 2.32%
2017 8.28% 2.15%
2016 7.17% -0.15%
2015 2.53% -1.73%
2014 2.35% 0.19%
2013 5.92% 0.81%
2012 10.3% 2.6%
2011 3.08% 3.19%
2010 -0.25% 0.75%
2009 12.9% 0.42%
2008 15.4% 10.1%
2007 9.08% 7.24%
2006 8.88% 2.74%
2005 9.01% 3.73%
2004 12.3% 2.96%
2003 7.45% 0.21%
2002 1.99% 1.86%
2001 3.34% 0.9%
2000 3.9% 0.17%
1999 -2.41% 1.01%
1998 6.21% 2.14%
1997 12% 0.44%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/rwanda/saint-vincent | CC BY

Over the past 28 years, Rwanda has recorded an average annual inflation rate of 6.83%, compared with 2.13% in Saint Vincent. In 2024, inflation was 1.77% in Rwanda and 3.63% in Saint Vincent.

Top exports between countries

Rwanda
Export category Export value
Raw agricultural goods $5K
Saint Vincent
Export category Export value

Balance of trade

Rwanda Saint Vincent
Current account balance
-$1.81B
2024
-$157M
2024
Current account balance ranking
140/190
2024
93/190
2024
Current account balance, % of GDP
-12.7%
2024
-13.5%
2024
Goods imports
$5.55B
2024
$445M
2024
Goods exports
$3.2B
2024
$59.2M
2024
Service imports
$991M
2024
$196M
2024
Service exports
$1.08B
2024
$366M
2024
Imports of goods and services, % of GDP
39.1%
2024
n/a
Exports of goods and services, % of GDP
30.8%
2024
15.3%
2025

Economic freedom indices

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

Rwanda Saint Vincent
Economic freedom 56.5 60
Economic freedom ranking 121/197 98/197
Property rights 60.3 65.2
Government integrity 53.9 63.3
Judicial effectiveness 27.5 76.9
Tax burden 80.6 82
Government spending 75.7 56.2
Fiscal health 37.5 2.8
Business freedom 60.1 67.3
Labor freedom 49.1 60.1
Monetary freedom 72.3 77.3
Trade freedom 61.8 58.8
Investment freedom 60 70
Financial freedom 40 40

Economic freedom comparison by year

Rwanda
Saint Vincent
1x
Year Economic freedom index
Rwanda Saint Vincent
2026 56.5 60
2025 54.8 60.1
2024 51.6 59.8
2023 52.2 63.5
2022 57.1 65.7
2021 68.3 66.3
2020 70.9 66.8
2019 71.1 65.8
2018 69.1 67.7
2017 67.6 65.2
2016 63.1 68.8
2015 64.8 68
2014 64.7 67
2013 64.1 66.7
2012 64.9 66.5
2011 62.7 66.9
2010 59.1 66.9
2009 54.2 64.3
2008 54.2 -
2007 52.4 -
2006 52.8 -
2005 51.7 -
2004 53.3 -
2003 47.8 -
2002 50.4 -
2001 45.4 -
2000 42.3 -
1999 39.8 -
1998 39.1 -
1997 38.3 -

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

GeoRank.org/economy/rwanda/saint-vincent | CC BY

The Economic Freedom Index for Rwanda is 56.5, ranking 121/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Rwanda Saint Vincent
Services, % of GDP
47.6%
2024
66.4%
2024
Industry, % of GDP
21%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
24.6%
2024
3.55%
2024
GNI, Atlas method
$14.8B
2024
$1.11B
2024
GNI per capita, PPP
$3,620
2024
$21,150
2024
Total reserves including gold
$2.41B
2024
$317M
2024
Total reserves ranking
123/177
2024
167/177
2024
Net foreign direct investment
-$560M
2024
-$74M
2024
Net inflows of foreign direct investment
$573M
2024
$139M
2024
Net outflows of foreign direct investment
$13.2M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
3.09%
2024
3.84%
2024
Poverty at national poverty lines
27.4%
2023
n/a
Gross capital formation, % of GDP
25.9%
2024
n/a

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/rwanda/saint-vincent | 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 (1990–2024, 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 (1984–1989, 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.