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Economy of Rwanda vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Rwanda has a GDP of $14.3B compared to $552B for the United Arab Emirates, ranking 144/197 and 27/197 by economy size, respectively.

Rwanda has $9.58B in government debt (67.2% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Rwanda vs United Arab Emirates GDP by year

Rwanda
United Arab Emirates
1x
Year GDP, current $
Rwanda UAE
2024 $14,251,642,235 $552,324,846,835
2023 $14,331,722,703 $522,622,191,967
2022 $13,316,161,002 $511,403,403,676
2021 $11,078,787,090 $422,441,388,700
2020 $10,174,386,857 $357,161,878,829
2019 $10,349,300,277 $433,926,208,305
2018 $9,637,904,521 $440,560,108,918
2017 $9,252,833,891 $403,365,010,211
2016 $8,695,272,058 $381,717,086,453
2015 $8,543,760,200 $381,973,042,886
2014 $8,238,966,124 $424,935,874,745
2013 $7,819,964,030 $409,632,675,289
2012 $7,654,761,050 $392,793,464,942
2011 $6,884,913,658 $368,881,143,635
2010 $6,124,756,654 $307,736,419,333
2009 $5,674,476,969 $253,547,358,747
2008 $5,179,854,065 $315,474,615,739
2007 $4,070,507,895 $257,916,133,424
2006 $3,319,784,539 $222,116,541,865
2005 $2,933,819,766 $180,617,467,965
2004 $2,376,496,067 $147,824,370,320
2003 $2,138,237,279 $124,346,358,067
2002 $1,966,003,468 $109,816,201,498
2001 $1,966,600,715 $103,311,640,572
2000 $2,068,836,754 $104,337,372,362
1999 $2,157,108,263 $84,445,473,111
1998 $1,989,343,546 $75,674,336,283
1997 $1,851,558,197 $78,839,008,445
1996 $1,382,334,879 $73,571,233,996
1995 $1,293,535,193 $65,743,666,576
1994 $753,636,370 $59,305,093,980
1993 $1,971,525,712 $55,625,170,253
1992 $2,029,026,962 $54,239,171,888
1991 $1,911,600,237 $51,552,165,622
1990 $2,550,185,679 $50,701,443,748
1989 $2,405,022,593 $41,464,995,914
1988 $2,395,492,687 $36,275,674,203
1987 $2,157,432,668 $36,384,908,744
1986 $1,944,710,684 $33,943,612,095
1985 $1,715,626,331 $40,603,650,232
1984 $1,587,413,084 $41,807,954,236
1983 $1,479,687,587 $42,803,323,345
1982 $1,407,243,139 $46,622,718,605
1981 $1,407,062,527 $49,333,424,135
1980 $1,254,765,642 $43,599,160,050
1979 $1,109,346,131 $31,225,659,621
1978 $905,709,076 $23,775,764,225
1977 $746,650,613 $24,871,775,165
1976 $637,753,853 $19,213,158,779
1975 $571,863,500 $14,720,728,249
1974 $308,458,423 $11,651,505,689
1973 $290,746,157 $4,231,243,616
1972 $246,457,838 $1,415,086,929
1971 $222,952,504 $939,893,600
1970 $219,900,006 $685,986,701
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/rwanda/united-arab-emirates | CC BY

GDP per capita in Rwanda vs United Arab Emirates by year

Rwanda
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Rwanda UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,000 $3,711 $50,274 $79,229
2023 $1,027 $3,399 $49,851 $77,955
2022 $975 $3,099 $50,760 $75,072
2021 $830 $2,733 $44,119 $68,580
2020 $779 $2,285 $37,992 $66,791
2019 $810 $2,336 $45,939 $79,816
2018 $772 $2,125 $47,135 $77,446
2017 $758 $1,968 $43,734 $70,282
2016 $730 $1,866 $42,721 $69,987
2015 $734 $1,781 $44,910 $73,986
2014 $725 $1,678 $52,725 $87,478
2013 $705 $1,512 $53,247 $87,526
2012 $707 $1,455 $53,142 $89,198
2011 $651 $1,413 $51,922 $89,665
2010 $594 $1,314 $44,795 $85,120
2009 $564 $1,241 $37,803 $84,780
2008 $528 $1,191 $50,054 $94,628
2007 $426 $1,079 $45,855 $100,813
2006 $357 $1,002 $44,343 $106,814
2005 $324 $914 $38,719 $101,301
2004 $269.5 $832 $33,377 $98,661
2003 $249 $775 $29,660 $92,636
2002 $234 $760 $27,754 $88,467
2001 $237.3 $670 $27,745 $90,370
2000 $251.9 $609 $29,866 $92,899
1999 $264.7 $554 $25,856 $87,658
1998 $246.2 $528 $24,889 $90,229
1997 $238.7 $500 $27,983 $96,009
1996 $206 $499 $28,323 $94,620
1995 $228 $514 $27,003 $93,702
1994 $111 $311 $25,473 $89,959
1993 $247 $521 $25,033 $86,330
1992 $264.1 $575 $25,648 $87,509
1991 $254 $542 $25,691 $87,250
1990 $346 $549 $26,710 $88,455
1989 $335 - $23,167 -
1988 $344 - $21,570 -
1987 $320 - $23,113 -
1986 $297.7 - $23,132 -
1985 $271.6 - $29,468 -
1984 $259.9 - $32,012 -
1983 $250.6 - $34,650 -
1982 $246.4 - $39,972 -
1981 $254.6 - $44,854 -
1980 $234.4 - $42,925 -
1979 $213.8 - $34,238 -
1978 $179.9 - $29,379 -
1977 $152.7 - $35,020 -
1976 $134.4 - $31,197 -
1975 $124.1 - $27,117 -
1974 $68.9 - $23,823 -
1973 $66.9 - $9,696 -
1972 $58.4 - $3,675 -
1971 $54.4 - $2,805 -
1970 $55.2 - $2,394 -
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/rwanda/united-arab-emirates | CC BY

Rwanda's GDP per capita is $1,000, ranking 178/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Rwanda ranks 168th at $3,711, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Rwanda UAE
Gross domestic product
$14.3B
2024
$552B
2024
GDP rank
144/197
2024
27/197
2024
GDP growth
8.89%
2023-2024
3.99%
2023-2024
GDP per capita
$1,000
2024
$50,274
2024
GDP per capita rank
178/197
2024
24/197
2024
GDP per capita, PPP
$3,711
2024
$79,229
2024
GDP per capita PPP rank
168/197
2024
16/197
2024
Government debt
$9.58B
2024
$193B
2024
Debt-to-GDP ratio
67.2%
2024
34.9%
2024
Government debt per person
$672
2024
$17,568
2024
Government debt per person rank
157/185
2024
36/185
2024
Average annual personal income after taxes
$2,194
2026
$40,522
2026
Market capitalization of domestic companies
$2.75B
2024
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
33.4%
2023
20.5%
2018
Income share by poorest 10%
3.1%
2023
2.8%
2018
Government expenditure, % of GDP
28.8%
2024
21.4%
2024
Consumer prices inflation
1.77%
2023-2024
1.7%
2023-2024
Central bank interest rate
6.75%
2025
3.65%
2025
Unemployment rate
11.3%
2024
1.88%
2024
Population
14975051
11686438

Spending and national debt comparison by year

Rwanda
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Rwanda UAE
Government spending Government debt Government spending Government debt
2024 28.8% 67.2% 21.4% 34.9%
2023 27% 63.4% 22.7% 31.9%
2022 29.7% 60.9% 22.7% 31.5%
2021 31.6% 67.3% 25.9% 35.7%
2020 33.5% 68.7% 30.5% 30.1%
2019 28.2% 53.6% 27.4% 25.8%
2018 26.4% 49.2% 25.9% 20.7%
2017 25.1% 45.6% 27.2% 21.2%
2016 25.1% 41.1% 31.7% 18.6%
2015 26.6% 33.1% 26.4% 15.6%
2014 27.5% 29.1% 31.4% 13.5%
2013 26.2% 26.7% 28.9% 15.3%
2012 24.6% 19.1% 27.8% 20.2%
2011 24.7% 18.7% 29.6% 20.4%
2010 23.8% 18.8% 30.4% 18.3%
2009 22.3% 18.5% 35% 21.1%
2008 22.5% 18.3% 22% 8.95%
2007 22.4% 22.1% 17.7% 8.89%
2006 20.6% 22.5% 15.6% 5.05%
2005 19.9% 58.9% 15.7% 4.48%
2004 17.9% 80.9% 17.7% 4.08%
2003 18.5% 79.5% 20% 3.33%
2002 20.5% 92% 21.3% 3.43%
2001 19.1% 84% 25.2% 2.69%
2000 18.2% 86% 21.8% 3.12%
1999 22.4% 78.4% 24.3% 4.73%
1998 16.4% 70.1% 25.8% 4.18%
1997 17% 72.2% 22.6% 2.86%
1996 19.5% 83.4% 27.6% 3.48%
1995 18% 100.8% 26.1% 5.06%
1994 13.3% - 30.1% 5.58%
1993 20.3% - 31.5% 6.01%
1992 21.5% - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/united-arab-emirates | CC BY

In 2024, Rwanda's government spending was $4.1B, accounting for 28.8% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 67.2% in Rwanda and 34.9% in the United Arab Emirates, ranking 65/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Rwanda

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Rwanda UAE
2024 -6.57% 6.41%
2023 -5.04% 5.82%
2022 -5.74% 9.8%
2021 -7% 3.96%
2020 -9.54% -2.42%
2019 -5.08% 2.5%
2018 -2.57% 3.65%
2017 -2.52% -0.16%
2016 -2.27% -2.95%
2015 -2.68% -6.35%
2014 -3.92% 1.74%
2013 -1.27% 7.99%
2012 -2.38% 8.59%
2011 -0.86% 5.05%
2010 -0.64% 0.52%
2009 0.26% -6.13%
2008 0.83% 17.6%
2007 -1.56% 17.1%
2006 -0.03% 20.2%
2005 1.12% 16%
2004 2.27% 6.4%
2003 -1.23% 2.35%
2002 -2.03% -1.24%
2001 -1.8% 1.21%
2000 -0.22% 10.7%
1999 -4.41% 1.31%
1998 -2.59% 1%
1997 -2.22% 6.71%
1996 -5.01% 0.92%
1995 -2.04% 3.58%
1994 -9.54% -1.78%
1993 -6.6% -2.89%
1992 -7.21% 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 33 years, Rwanda recorded a fiscal deficit in 29 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Rwanda posted an annual deficit equal to 3.03% of GDP, compared to surplus of 4.26% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Rwanda

United Arab Emirates
1x
Year Consumer prices inflation
Rwanda UAE
2024 1.77% 1.7%
2023 19.8% 1.6%
2022 17.7% 4.8%
2021 -0.39% -0.1%
2020 9.85% -2.1%
2019 3.35% -1.9%
2018 -0.31% 3.1%
2017 8.28% 2%
2016 7.17% 1.6%
2015 2.53% 4.1%
2014 2.35% 2.3%
2013 5.92% 1.1%
2012 10.3% 0.7%
2011 3.08% 0.9%
2010 -0.25% 0.9%
2009 12.9% -4.7%
2008 15.4% 12.3%
2007 9.08% 11.1%
2006 8.88% 9.3%
2005 9.01% 6.2%
2004 12.3% 5%
2003 7.45% 3.1%
2002 1.99% 2.9%
2001 3.34% 2.8%
2000 3.9% 1.3%
1999 -2.41% 2.1%
1998 6.21% 2%
1997 12% 3%

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/rwanda/united-arab-emirates | CC BY

Over the past 28 years, Rwanda has recorded an average annual inflation rate of 6.83%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 1.77% in Rwanda and 1.7% in the United Arab Emirates.

Top exports between countries

Rwanda
Export category Export value
Precious metals & jewellery $444M
Raw materials & minerals $61.6M
Raw agricultural goods $8.89M
Metals $4.1M
Machinery & equipment $1.21M
Animal & marine products $867K
Processed food, beverages & tobacco $299K
Chemicals & pharma $70K
Textiles & consumer goods $8K
Wood & paper products $8K
UAE
Export category Export value
Machinery & equipment $107M
Textiles & consumer goods $16.2M
Chemicals & pharma $9.95M
Raw materials & minerals $6.65M
Processed food, beverages & tobacco $5.77M
Metals $5M
Precious metals & jewellery $3.63M
Wood & paper products $3.3M
Raw agricultural goods $811K
Animal & marine products $438K

Balance of trade

Rwanda UAE
Current account balance
-$1.81B
2024
$80B
2024
Current account balance ranking
140/190
2024
9/190
2024
Current account balance, % of GDP
-12.7%
2024
+14.5%
2024
Goods imports
$5.55B
2024
$400B
2024
Goods exports
$3.2B
2024
$467B
2024
Service imports
$991M
2024
$117B
2024
Service exports
$1.08B
2024
$181B
2024
Imports of goods and services, % of GDP
39.1%
2024
92.2%
2023
Exports of goods and services, % of GDP
30.8%
2024
106.8%
2023

Economic freedom indices

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

Rwanda UAE
Economic freedom 56.5 71.9
Economic freedom ranking 121/197 29/197
Property rights 60.3 62.9
Government integrity 53.9 65.3
Judicial effectiveness 27.5 34.4
Tax burden 80.6 99.9
Government spending 75.7 85.1
Fiscal health 37.5 97.6
Business freedom 60.1 84.5
Labor freedom 49.1 63.2
Monetary freedom 72.3 81.2
Trade freedom 61.8 78.6
Investment freedom 60 50
Financial freedom 40 60

Economic freedom comparison by year

Rwanda
United Arab Emirates
1x
Year Economic freedom index
Rwanda UAE
2026 56.5 71.9
2025 54.8 71.6
2024 51.6 71.1
2023 52.2 70.9
2022 57.1 70.2
2021 68.3 76.9
2020 70.9 76.2
2019 71.1 77.6
2018 69.1 77.6
2017 67.6 76.9
2016 63.1 72.6
2015 64.8 72.4
2014 64.7 71.4
2013 64.1 71.1
2012 64.9 69.3
2011 62.7 67.8
2010 59.1 67.3
2009 54.2 64.7
2008 54.2 62.6
2007 52.4 62.6
2006 52.8 62.2
2005 51.7 65.2
2004 53.3 67.2
2003 47.8 73.4
2002 50.4 73.6
2001 45.4 74.9
2000 42.3 74.2
1999 39.8 71.5
1998 39.1 72.2
1997 38.3 71.9
1996 - 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/rwanda/united-arab-emirates | CC BY

The Economic Freedom Index for Rwanda is 56.5, ranking 121/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Rwanda UAE
Services, % of GDP
47.6%
2024
54.9%
2024
Industry, % of GDP
21%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
24.6%
2024
0.77%
2024
GNI, Atlas method
$14.8B
2024
$566B
2024
GNI per capita, PPP
$3,620
2024
$81,530
2024
Total reserves including gold
$2.41B
2024
$238B
2024
Total reserves ranking
123/177
2024
14/177
2024
Net foreign direct investment
-$560M
2024
$31.5B
2024
Net inflows of foreign direct investment
$573M
2024
$45.6B
2024
Net outflows of foreign direct investment
$13.2M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
3.09%
2024
n/a
Poverty at national poverty lines
27.4%
2023
19.5%
2020
Gross capital formation, % of GDP
25.9%
2024
26.6%
2023

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/united-arab-emirates | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.