Domestic credit to private sector by banks in Rwanda
Rwanda: Domestic credit to private sector by banks was 22.0% in 2025. ◆ Volatile
Domestic credit to private sector by banks in Rwanda, 1964–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Rwanda recorded 22.0% for domestic credit to private sector by banks in 2025.
The figure is up 3.4% on the previous year and up 4.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Rwanda peaked at 24.8% in 2021 and was at its lowest, 0.9%, in 1964.
Rwanda ranks 138th of 187 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.
Domestic credit to private sector by banks in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1964 | 0.9% | — |
| 1965 | 1.1% | +17.4% |
| 1966 | 2.0% | +79.8% |
| 1967 | 1.5% | -25.9% |
| 1968 | 1.4% | -7.5% |
| 1969 | 1.7% | +22.1% |
| 1970 | 2.4% | +45.1% |
| 1971 | 2.9% | +19.0% |
| 1972 | 2.0% | -30.3% |
| 1973 | 3.5% | +75.6% |
| 1974 | 6.0% | +70.9% |
| 1975 | 3.1% | -48.1% |
| 1976 | 2.9% | -7.4% |
| 1977 | 5.1% | +77.5% |
| 1978 | 5.5% | +8.1% |
| 1979 | 3.9% | -28.6% |
| 1980 | 5.3% | +33.6% |
| 1981 | 5.6% | +5.8% |
| 1982 | 5.9% | +6.0% |
| 1983 | 5.7% | -3.8% |
| 1984 | 6.3% | +10.8% |
| 1985 | 7.6% | +20.1% |
| 1986 | 7.7% | +2.4% |
| 1987 | 7.8% | +0.6% |
| 1988 | 8.9% | +14.3% |
| 1989 | 9.1% | +2.6% |
| 1990 | 6.9% | -24.9% |
| 1991 | 5.1% | -26.1% |
| 1992 | 5.6% | +11.2% |
| 1993 | 6.3% | +11.6% |
| 1994 | 9.8% | +55.8% |
| 1995 | 8.4% | -14.5% |
| 1996 | 6.7% | -19.4% |
| 1997 | 8.1% | +19.3% |
| 1998 | 8.7% | +8.1% |
| 1999 | 8.3% | -4.8% |
| 2000 | 8.6% | +3.7% |
| 2001 | 8.9% | +3.1% |
| 2002 | 9.1% | +3.2% |
| 2003 | 8.6% | -5.4% |
| 2004 | 9.6% | +11.3% |
| 2005 | 10.1% | +5.0% |
| 2006 | 11.7% | +15.7% |
| 2007 | 12.0% | +2.4% |
| 2008 | 13.4% | +11.5% |
| 2009 | 11.1% | -16.8% |
| 2010 | 11.5% | +3.3% |
| 2011 | 13.2% | +15.1% |
| 2012 | 15.7% | +19.1% |
| 2013 | 16.2% | +3.2% |
| 2014 | 17.6% | +8.5% |
| 2015 | 21.0% | +19.0% |
| 2016 | 20.5% | -2.2% |
| 2017 | 20.6% | +0.5% |
| 2018 | 21.2% | +2.8% |
| 2019 | 21.0% | -1.0% |
| 2020 | 24.2% | +15.2% |
| 2021 | 24.8% | +2.7% |
| 2022 | 22.0% | -11.3% |
| 2023 | 21.6% | -2.2% |
| 2024 | 21.2% | -1.5% |
| 2025 | 22.0% | +3.4% |
Rwanda compared with similar countries
- Rwanda's 22.0% is above the median for low income countries, which is 11.9%, 1.8× the median. (24 countries reporting)
- Rwanda's 22.0% is above the median for Sub-Saharan Africa, which is 15.6%, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.4% | 0.9% | 2.0% | 6 |
| 1970s | 3.7% | 2.0% | 6.0% | 10 |
| 1980s | 7.0% | 5.3% | 9.1% | 10 |
| 1990s | 7.4% | 5.1% | 9.8% | 10 |
| 2000s | 10.3% | 8.6% | 13.4% | 10 |
| 2010s | 17.9% | 11.5% | 21.2% | 10 |
| 2020s | 22.6% | 21.2% | 24.8% | 6 |
Countries ranked near Rwanda
- 135 Mauritania 22.6% compare
- 136 Kyrgyzstan 22.2% compare
- 137 Romania 22.1% compare
- 139 Solomon Islands 21.5% compare
- 140 Lao People's Democratic Republic 20.9% compare
- 141 Syrian Arab Republic 20.7% 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 domestic credit to private sector by banks in Rwanda?
- Domestic credit to private sector by banks in Rwanda was 22.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Rwanda?
- The highest recorded value was 24.8% in 2021.
- What is the lowest domestic credit to private sector by banks recorded in Rwanda?
- The lowest recorded value was 0.9% in 1964.
- How does Rwanda rank for domestic credit to private sector by banks?
- Rwanda ranks 138th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Rwanda?
- Over the last ten years it is up 4.8%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.