Broad money to total reserves ratio in Rwanda
Rwanda: Broad money to total reserves ratio was 1.64 in 2024. ◆ Volatile
Broad money to total reserves ratio in Rwanda, 1964–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, broad money to total reserves ratio in Rwanda stood at 1.64.
That represents a change of down 20.3% on the previous year and down 0.8% over ten years.
Over the whole period, broad money to total reserves ratio in Rwanda peaked at 8.52 in 1990 and was at its lowest, 0.8055, in 2009.
Rwanda ranks 141st of 159 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money to total reserves ratio in Rwanda, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 4.93 | — |
| 1965 | 7.18 | +45.5% |
| 1966 | 3.19 | -55.5% |
| 1967 | 2.57 | -19.4% |
| 1968 | 3.14 | +22.1% |
| 1969 | 7.04 | +124.4% |
| 1970 | 3.34 | -52.6% |
| 1971 | 5.07 | +52.0% |
| 1972 | 5.06 | -0.1% |
| 1973 | 3.16 | -37.6% |
| 1974 | 4.39 | +38.8% |
| 1975 | 2.61 | -40.6% |
| 1976 | 1.34 | -48.8% |
| 1977 | 1.26 | -5.9% |
| 1978 | 1.32 | +4.7% |
| 1979 | 0.9841 | -25.2% |
| 1980 | 0.9023 | -8.3% |
| 1981 | 1.09 | +20.8% |
| 1982 | 1.46 | +33.7% |
| 1983 | 1.69 | +15.8% |
| 1984 | 1.86 | +10.3% |
| 1985 | 2.03 | +9.1% |
| 1986 | 1.86 | -8.5% |
| 1987 | 2.22 | +19.6% |
| 1988 | 3.45 | +55.3% |
| 1989 | 5.36 | +55.1% |
| 1990 | 8.52 | +59.0% |
| 1991 | 2.43 | -71.5% |
| 1992 | 3.58 | +47.3% |
| 1993 | 5.65 | +57.9% |
| 1994 | 3.29 | -41.7% |
| 1995 | 2.43 | -26.3% |
| 1996 | 2.09 | -13.8% |
| 1997 | 1.91 | -8.6% |
| 1998 | 1.74 | -9.2% |
| 1999 | 1.7 | -2.2% |
| 2000 | 1.54 | -9.5% |
| 2001 | 1.27 | -17.5% |
| 2002 | 1.18 | -6.8% |
| 2003 | 1.39 | +18.0% |
| 2004 | 1.04 | -25.3% |
| 2005 | 1.57 | +51.0% |
| 2006 | 1.35 | -14.1% |
| 2007 | 0.8853 | -34.5% |
| 2008 | 1.06 | +19.4% |
| 2009 | 0.8055 | -23.8% |
| 2010 | 1.18 | +46.7% |
| 2011 | 1.66 | +40.8% |
| 2012 | 2.78 | +67.3% |
| 2013 | 2.15 | -22.8% |
| 2014 | 1.65 | -23.1% |
| 2015 | 1.94 | +17.3% |
| 2016 | 1.74 | -10.2% |
| 2017 | 1.55 | -11.1% |
| 2018 | 1.55 | -0.0% |
| 2019 | 1.51 | -2.4% |
| 2020 | 1.49 | -1.4% |
| 2021 | 1.55 | +3.9% |
| 2022 | 1.97 | +27.6% |
| 2023 | 2.06 | +4.3% |
| 2024 | 1.64 | -20.3% |
Rwanda compared with similar countries
- Rwanda's 1.64 is below the median for low income countries, which is 3.37, 49% of the median. (20 countries reporting)
- Rwanda's 1.64 is below the median for Sub-Saharan Africa, which is 3.19, 51% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.67 | 2.57 | 7.18 | 6 |
| 1970s | 2.85 | 0.9841 | 5.07 | 10 |
| 1980s | 2.19 | 0.9023 | 5.36 | 10 |
| 1990s | 3.33 | 1.7 | 8.52 | 10 |
| 2000s | 1.21 | 0.8055 | 1.57 | 10 |
| 2010s | 1.77 | 1.18 | 2.78 | 10 |
| 2020s | 1.74 | 1.49 | 2.06 | 5 |
Countries ranked near Rwanda
- 138 Madagascar 1.72 compare
- 139 East Timor 1.72 compare
- 140 Ukraine 1.68 compare
- 142 Comoros 1.6 compare
- 143 Serbia 1.57 compare
- 144 Kazakhstan 1.53 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 to total reserves ratio in Rwanda?
- Broad money to total reserves ratio in Rwanda was 1.64 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Rwanda?
- The highest recorded value was 8.52 in 1990.
- What is the lowest broad money to total reserves ratio recorded in Rwanda?
- The lowest recorded value was 0.8055 in 2009.
- How does Rwanda rank for broad money to total reserves ratio?
- Rwanda ranks 141st out of 159 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Rwanda?
- Over the last ten years it is down 0.8%. 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).