Broad money growth (annual %) in Rwanda
Rwanda: Broad money growth (annual %) was 18.8% in 2024. ◆ Volatile
Broad money growth in Rwanda, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2024, broad money growth in Rwanda stood at 18.8%.
Compared with earlier readings it is down 24.2% on the previous year and up 9.3% over ten years.
Over the whole period, broad money growth in Rwanda peaked at 69.5% in 1995 and was at its lowest, -4.2%, in 1989.
That places Rwanda 28th out of 167 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Rwanda, year by year
| Year | annual % | Change |
|---|---|---|
| 1965 | 29.4% | — |
| 1966 | 8.2% | -72.3% |
| 1967 | 20.1% | +146.2% |
| 1968 | 5.5% | -72.6% |
| 1969 | 16.8% | +206.2% |
| 1970 | 21.2% | +25.7% |
| 1971 | 13.7% | -35.1% |
| 1972 | 1.8% | -87.2% |
| 1973 | 35.5% | +1919.3% |
| 1974 | 32.8% | -7.7% |
| 1975 | 12.1% | -63.1% |
| 1976 | 34.2% | +182.5% |
| 1977 | 26.0% | -23.9% |
| 1978 | 10.3% | -60.5% |
| 1979 | 26.0% | +152.8% |
| 1980 | 8.1% | -68.8% |
| 1981 | 4.7% | -42.3% |
| 1982 | 1.4% | -70.9% |
| 1983 | 11.8% | +764.7% |
| 1984 | 10.1% | -13.9% |
| 1985 | 17.2% | +70.3% |
| 1986 | 13.6% | -20.9% |
| 1987 | 10.3% | -24.4% |
| 1988 | 7.4% | -28.6% |
| 1989 | -4.2% | -156.6% |
| 1990 | 5.6% | -234.2% |
| 1991 | 5.5% | -0.9% |
| 1992 | 12.4% | +124.5% |
| 1993 | 2.5% | -79.7% |
| 1994 | -3.7% | -247.4% |
| 1995 | 69.5% | -1970.7% |
| 1996 | 8.6% | -87.6% |
| 1997 | 29.1% | +237.5% |
| 1998 | 3.5% | -87.9% |
| 1999 | 7.9% | +124.2% |
| 2000 | 15.6% | +97.9% |
| 2001 | 4.3% | -72.5% |
| 2002 | 14.9% | +246.6% |
| 2003 | 17.5% | +17.7% |
| 2004 | 17.6% | +0.6% |
| 2005 | 19.1% | +8.2% |
| 2006 | 26.3% | +37.9% |
| 2007 | 33.4% | +26.9% |
| 2008 | 17.1% | -48.7% |
| 2009 | 3.9% | -77.0% |
| 2010 | 20.2% | +411.4% |
| 2011 | 29.0% | +43.5% |
| 2012 | 13.2% | -54.5% |
| 2013 | 12.1% | -8.1% |
| 2014 | 17.2% | +41.6% |
| 2015 | 20.2% | +17.5% |
| 2016 | 8.5% | -58.0% |
| 2017 | 9.2% | +8.4% |
| 2018 | 18.9% | +106.1% |
| 2019 | 10.2% | -46.1% |
| 2020 | 21.4% | +109.9% |
| 2021 | 18.3% | -14.7% |
| 2022 | 22.9% | +25.4% |
| 2023 | 24.8% | +8.1% |
| 2024 | 18.8% | -24.2% |
Rwanda compared with similar countries
- Rwanda's 18.8% is above the median for low income countries, which is 13.7%, 1.4× the median. (24 countries reporting)
- Rwanda's 18.8% is above the median for Sub-Saharan Africa, which is 12.5%, 1.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +1970.7% | -3.7% | 69.5% |
| 1973 | +1919.3% | 1.8% | 35.5% |
| 1983 | +764.7% | 1.4% | 11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.0% | 5.5% | 29.4% | 5 |
| 1970s | 21.4% | 1.8% | 35.5% | 10 |
| 1980s | 8.0% | -4.2% | 17.2% | 10 |
| 1990s | 14.1% | -3.7% | 69.5% | 10 |
| 2000s | 17.0% | 3.9% | 33.4% | 10 |
| 2010s | 15.9% | 8.5% | 29.0% | 10 |
| 2020s | 21.2% | 18.3% | 24.8% | 5 |
Countries ranked near Rwanda
- 25 Sao Tome and Principe 19.5% compare
- 26 Sierra Leone 19.1% compare
- 27 United Arab Emirates 19.0% compare
- 29 Myanmar 18.2% compare
- 30 Comoros 18.0% compare
- 31 Armenia 17.8% 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 broad money growth in Rwanda?
- Broad money growth in Rwanda was 18.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Rwanda?
- The highest recorded value was 69.5% in 1995.
- What is the lowest broad money growth recorded in Rwanda?
- The lowest recorded value was -4.2% in 1989.
- How does Rwanda rank for broad money growth?
- Rwanda ranks 28th out of 167 countries with data for 2024.
- Is broad money growth rising or falling in Rwanda?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.