Kenya vs Rwanda: Lending interest rate
Kenya
16.6%
in 2024
Rwanda
16.0%
in 2024
Kenya rank
27th
Rwanda rank
28th
Lending interest rate over time
- Kenya
- Rwanda
How they compare
Kenya currently reports 16.6% against 16.0% in Rwanda, a difference of 0.6%.
The two have swapped places 4 times across 29 shared years of data; in 1996 it was Kenya ahead.
Kenya ranks 27th and Rwanda ranks 28th of 148 countries.
Across the 4 decades both report, Kenya averaged higher in 1 and Rwanda in 3.
Head to head by decade
| Decade | Kenya | Rwanda | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29.0% | 16.8% | 12.2% | Kenya |
| 2000s | 15.8% | 16.2% | 0.3% | Rwanda |
| 2010s | 15.5% | 17.0% | 1.5% | Rwanda |
| 2020s | 13.3% | 16.2% | 2.9% | Rwanda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Kenya or Rwanda?
- Kenya, at 16.6% against 16.0% in Rwanda as of 2024.
- What is the difference in lending interest rate between Kenya and Rwanda?
- 0.6%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Rwanda?
- 29 years are reported by both, from 1996 to 2024.
- How do Kenya and Rwanda rank globally for lending interest rate?
- Kenya ranks 27th and Rwanda ranks 28th of 148 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Lending interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.