Deposit interest rate in Rwanda
Rwanda: Deposit interest rate was 10.3% in 2024. ▼ Falling
Deposit interest rate in Rwanda, 1996–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Rwanda is 10.3%, measured in 2024.
That represents a change of up 7.0% on the previous year and up 25.4% over ten years.
Over the whole period, deposit interest rate in Rwanda peaked at 11.0% in 1996 and was at its lowest, 6.1%, in 2008.
That places Rwanda 16th out of 153 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 29 years of available data.
Deposit interest rate in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 11.0% | — |
| 1997 | 8.4% | -23.9% |
| 1998 | 8.8% | +5.5% |
| 1999 | 8.5% | -4.4% |
| 2000 | 9.5% | +12.2% |
| 2001 | 10.0% | +5.2% |
| 2002 | 9.6% | -3.3% |
| 2003 | 9.2% | -5.0% |
| 2004 | 9.2% | +0.7% |
| 2005 | 8.7% | -6.1% |
| 2006 | 8.2% | -5.4% |
| 2007 | 7.6% | -7.1% |
| 2008 | 6.1% | -20.3% |
| 2009 | 8.1% | +33.4% |
| 2010 | 6.8% | -16.6% |
| 2011 | 7.7% | +14.6% |
| 2012 | 8.8% | +14.2% |
| 2013 | 9.9% | +12.2% |
| 2014 | 8.2% | -17.0% |
| 2015 | 8.2% | -0.0% |
| 2016 | 7.9% | -3.9% |
| 2017 | 7.7% | -2.5% |
| 2018 | 7.5% | -2.7% |
| 2019 | 7.6% | +1.8% |
| 2020 | 7.6% | -0.0% |
| 2021 | 8.1% | +5.3% |
| 2022 | 7.7% | -4.8% |
| 2023 | 9.7% | +25.9% |
| 2024 | 10.3% | +7.0% |
Rwanda compared with similar countries
- Rwanda's 10.3% is above the median for low income countries, which is 6.7%, 1.5× the median. (18 countries reporting)
- Rwanda's 10.3% is above the median for Sub-Saharan Africa, which is 5.7%, 1.8× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.2% | 8.4% | 11.0% | 4 |
| 2000s | 8.6% | 6.1% | 10.0% | 10 |
| 2010s | 8.1% | 6.8% | 9.9% | 10 |
| 2020s | 8.7% | 7.6% | 10.3% | 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 deposit interest rate in Rwanda?
- Deposit interest rate in Rwanda was 10.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Rwanda?
- The highest recorded value was 11.0% in 1996.
- What is the lowest deposit interest rate recorded in Rwanda?
- The lowest recorded value was 6.1% in 2008.
- How does Rwanda rank for deposit interest rate?
- Rwanda ranks 16th out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Rwanda?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.