Rwanda vs Tanzania: Lending interest rate
Rwanda
16.0%
in 2024
Tanzania
16.7%
in 2020
Rwanda rank
28th
Tanzania rank
26th
Lending interest rate over time
- Rwanda
- Tanzania
How they compare
Tanzania currently reports 16.7% against 16.0% in Rwanda, a difference of 0.7%.
The two have swapped places 4 times across 25 shared years of data; in 1996 it was Tanzania ahead.
Rwanda ranks 28th and Tanzania ranks 26th of 148 countries.
Across the 4 decades both report, Rwanda averaged higher in 1 and Tanzania in 3.
Head to head by decade
| Decade | Rwanda | Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 16.8% | 26.3% | 9.5% | Tanzania |
| 2000s | 16.2% | 16.4% | 0.2% | Tanzania |
| 2010s | 17.0% | 16.1% | 0.9% | Rwanda |
| 2020s | 16.3% | 16.7% | 0.3% | Tanzania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Rwanda or Tanzania?
- Tanzania, at 16.7% against 16.0% in Rwanda as of 2020.
- What is the difference in lending interest rate between Rwanda and Tanzania?
- 0.7%, with Tanzania ahead.
- How many years of comparable data are there for Rwanda and Tanzania?
- 25 years are reported by both, from 1996 to 2020.
- How do Rwanda and Tanzania rank globally for lending interest rate?
- Rwanda ranks 28th and Tanzania ranks 26th 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.