Ghana vs Rwanda: Financial system deposits to GDP
Financial system 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 financial system deposits to gdp, Ghana or Rwanda?
- Rwanda, at 24.8% against 23.9% in Ghana as of 2021.
- What is the difference in financial system 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 financial system 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 Financial system 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 and other financial institutions 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. Financial system deposits (IFS lines 24, 25, 44, and 45); 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).