Ghana vs Rwanda: Bank deposits to GDP
Bank deposits to GDP over time
- Ghana
- Rwanda
How they compare
Rwanda currently reports 24.8% against 23.9% in Ghana, a difference of 0.9%.
The two have swapped places 10 times across 58 shared years of data; in 1964 it was Rwanda ahead.
Ghana ranks 156th and Rwanda ranks 154th of 185 countries.
Across the 7 decades both report, Ghana averaged higher in 4 and Rwanda in 3.
Head to head by decade
| Decade | Ghana | Rwanda | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 4.9% | 5.3% | 0.4% | Rwanda |
| 1970s | 5.8% | 6.9% | 1.1% | Rwanda |
| 1980s | 7.2% | 8.7% | 1.5% | Rwanda |
| 1990s | 14.1% | 11.3% | 2.8% | Ghana |
| 2000s | 20.2% | 13.5% | 6.7% | Ghana |
| 2010s | 24.5% | 16.9% | 7.6% | Ghana |
| 2020s | 25.6% | 24.2% | 1.4% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bank deposits to gdp, Ghana or Rwanda?
- Rwanda, at 24.8% against 23.9% in Ghana as of 2021.
- What is the difference in bank deposits to gdp between Ghana and Rwanda?
- 0.9%, with Rwanda ahead.
- How many years of comparable data are there for Ghana and Rwanda?
- 58 years are reported by both, from 1964 to 2021.
- How do Ghana and Rwanda rank globally for bank deposits to gdp?
- Ghana ranks 156th and Rwanda ranks 154th of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Bank deposits to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).