Borrowers from commercial banks (per 1,000 adults) in Rwanda
Rwanda: Borrowers from commercial banks (per 1,000 adults) was 98.09 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Rwanda, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Rwanda recorded 98.09 per 1,000 adults for borrowers from commercial banks in 2024.
That represents a change of down 27.3% on the previous year and up 185.9% over ten years.
Over the whole period, borrowers from commercial banks in Rwanda peaked at 135.01 per 1,000 adults in 2023 and was at its lowest, 0.3939 per 1,000 adults, in 2004.
Rwanda ranks 73rd of 113 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks (per 1,000 adults) in Rwanda, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 0.3939 per 1,000 adults | — |
| 2005 | 0.9656 per 1,000 adults | +145.2% |
| 2006 | 0.75 per 1,000 adults | -22.3% |
| 2007 | 1.11 per 1,000 adults | +47.8% |
| 2008 | 1.45 per 1,000 adults | +30.4% |
| 2009 | 2.96 per 1,000 adults | +104.9% |
| 2010 | 6 per 1,000 adults | +102.4% |
| 2011 | 8.97 per 1,000 adults | +49.6% |
| 2012 | 10.28 per 1,000 adults | +14.6% |
| 2013 | 14.66 per 1,000 adults | +42.6% |
| 2014 | 34.31 per 1,000 adults | +134.1% |
| 2015 | 35.33 per 1,000 adults | +3.0% |
| 2016 | 29.28 per 1,000 adults | -17.1% |
| 2017 | 19.68 per 1,000 adults | -32.8% |
| 2018 | 27.19 per 1,000 adults | +38.1% |
| 2019 | 38.66 per 1,000 adults | +42.2% |
| 2020 | 49.26 per 1,000 adults | +27.4% |
| 2021 | 52.69 per 1,000 adults | +7.0% |
| 2022 | 88.07 per 1,000 adults | +67.1% |
| 2023 | 135.01 per 1,000 adults | +53.3% |
| 2024 | 98.09 per 1,000 adults | -27.3% |
Rwanda compared with similar countries
- Rwanda's 98.09 per 1,000 adults is above the median for low income countries, which is 12.66 per 1,000 adults, 7.7× the median. (15 countries reporting)
- Rwanda's 98.09 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 1.8× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.27 per 1,000 adults | 0.3939 per 1,000 adults | 2.96 per 1,000 adults | 6 |
| 2010s | 22.44 per 1,000 adults | 6 per 1,000 adults | 38.66 per 1,000 adults | 10 |
| 2020s | 84.62 per 1,000 adults | 49.26 per 1,000 adults | 135.01 per 1,000 adults | 5 |
Countries ranked near Rwanda
- 70 Madagascar 121.6 per 1,000 adults compare
- 71 Honduras 120.83 per 1,000 adults compare
- 72 Mauritania 98.95 per 1,000 adults compare
- 74 Bangladesh 96.44 per 1,000 adults compare
- 75 Gabon 92.11 per 1,000 adults compare
- 76 Vanuatu 88.45 per 1,000 adults compare
More financial sector data for Rwanda
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.88 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.37 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.88 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Rwanda?
- Borrowers from commercial banks in Rwanda was 98.09 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Rwanda?
- The highest recorded value was 135.01 per 1,000 adults in 2023.
- What is the lowest borrowers from commercial banks recorded in Rwanda?
- The lowest recorded value was 0.3939 per 1,000 adults in 2004.
- How does Rwanda rank for borrowers from commercial banks?
- Rwanda ranks 73rd out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Rwanda?
- Over the last ten years it is up 185.9%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.