Broad money (% of GDP) in Rwanda
Rwanda: Broad money (% of GDP) was 26.1% in 2024. ▲ Rising
Broad money in Rwanda, 1964–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, broad money in Rwanda stood at 26.1%. That is the highest value across all 61 years on record.
That represents a change of up 2.4% on the previous year and up 35.9% over ten years.
Over the whole period, broad money in Rwanda peaked at 26.1% in 2024 and was at its lowest, 10.5%, in 1968.
That places Rwanda 151st out of 167 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 61 years of available data.
Broad money (% of GDP) in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1964 | 15.7% | — |
| 1965 | 17.8% | +13.1% |
| 1966 | 13.1% | -26.1% |
| 1967 | 10.8% | -18.0% |
| 1968 | 10.5% | -2.2% |
| 1969 | 11.2% | +6.6% |
| 1970 | 11.7% | +4.0% |
| 1971 | 13.1% | +12.5% |
| 1972 | 13.1% | -0.3% |
| 1973 | 16.5% | +26.1% |
| 1974 | 18.7% | +13.0% |
| 1975 | 11.4% | -39.1% |
| 1976 | 13.0% | +14.4% |
| 1977 | 14.2% | +8.8% |
| 1978 | 13.8% | -2.5% |
| 1979 | 14.6% | +6.2% |
| 1980 | 14.1% | -3.7% |
| 1981 | 13.0% | -7.8% |
| 1982 | 12.3% | -5.1% |
| 1983 | 12.7% | +2.9% |
| 1984 | 12.5% | -1.6% |
| 1985 | 13.4% | +7.4% |
| 1986 | 15.5% | +15.9% |
| 1987 | 17.0% | +9.6% |
| 1988 | 17.1% | +0.5% |
| 1989 | 15.6% | -9.0% |
| 1990 | 14.9% | -4.6% |
| 1991 | 14.0% | -5.8% |
| 1992 | 13.9% | -1.0% |
| 1993 | 13.6% | -2.0% |
| 1994 | 22.4% | +65.1% |
| 1995 | 18.6% | -17.1% |
| 1996 | 16.1% | -13.2% |
| 1997 | 15.8% | -2.0% |
| 1998 | 14.7% | -7.0% |
| 1999 | 13.7% | -6.9% |
| 2000 | 14.2% | +3.3% |
| 2001 | 13.7% | -3.5% |
| 2002 | 14.6% | +7.1% |
| 2003 | 14.0% | -4.5% |
| 2004 | 13.8% | -1.4% |
| 2005 | 13.8% | -0.1% |
| 2006 | 15.8% | +14.5% |
| 2007 | 17.3% | +9.7% |
| 2008 | 15.9% | -8.1% |
| 2009 | 14.5% | -8.6% |
| 2010 | 15.7% | +8.4% |
| 2011 | 17.5% | +11.5% |
| 2012 | 17.5% | -0.4% |
| 2013 | 18.2% | +4.3% |
| 2014 | 19.2% | +5.3% |
| 2015 | 21.1% | +9.6% |
| 2016 | 20.5% | -2.5% |
| 2017 | 19.9% | -3.0% |
| 2018 | 21.7% | +9.1% |
| 2019 | 21.0% | -3.2% |
| 2020 | 24.4% | +16.1% |
| 2021 | 25.7% | +5.2% |
| 2022 | 24.8% | -3.5% |
| 2023 | 25.5% | +2.9% |
| 2024 | 26.1% | +2.4% |
Rwanda compared with similar countries
- Rwanda's 26.1% is below the median for low income countries, which is 31.3%, 83% of the median. (24 countries reporting)
- Rwanda's 26.1% is below the median for Sub-Saharan Africa, which is 30.0%, 87% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money (% of GDP) 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 |
|---|---|---|---|
| 1994 | +65.1% | 13.6% | 22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.2% | 10.5% | 17.8% | 6 |
| 1970s | 14.0% | 11.4% | 18.7% | 10 |
| 1980s | 14.3% | 12.3% | 17.1% | 10 |
| 1990s | 15.8% | 13.6% | 22.4% | 10 |
| 2000s | 14.7% | 13.7% | 17.3% | 10 |
| 2010s | 19.2% | 15.7% | 21.7% | 10 |
| 2020s | 25.3% | 24.4% | 26.1% | 5 |
Countries ranked near Rwanda
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 in Rwanda?
- Broad money in Rwanda was 26.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Rwanda?
- The highest recorded value was 26.1% in 2024.
- What is the lowest broad money recorded in Rwanda?
- The lowest recorded value was 10.5% in 1968.
- How does Rwanda rank for broad money?
- Rwanda ranks 151st out of 167 countries with data for 2024.
- Is broad money rising or falling in Rwanda?
- Over the last ten years it is up 35.9%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.