Financial Development Index in Rwanda
Rwanda: Financial Development Index was 0.1231 in 2020. ▼ Falling
Financial Development Index in Rwanda, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Rwanda is 0.1231, measured in 2020.
The figure is up 3.4% on the previous year and up 29.5% over ten years.
Over the whole period, financial development index in Rwanda peaked at 0.1429 in 1989 and was at its lowest, 0.0711, in 2005.
That places Rwanda 147th out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Development Index in Rwanda, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1086 | — |
| 1981 | 0.1131 | +4.1% |
| 1982 | 0.1169 | +3.4% |
| 1983 | 0.1142 | -2.3% |
| 1984 | 0.1206 | +5.6% |
| 1985 | 0.1314 | +8.9% |
| 1986 | 0.1329 | +1.2% |
| 1987 | 0.1333 | +0.3% |
| 1988 | 0.1413 | +6.0% |
| 1989 | 0.1429 | +1.1% |
| 1990 | 0.1191 | -16.7% |
| 1991 | 0.0938 | -21.2% |
| 1992 | 0.1008 | +7.4% |
| 1993 | 0.1081 | +7.2% |
| 1994 | 0.0966 | -10.6% |
| 1995 | 0.1243 | +28.6% |
| 1996 | 0.1116 | -10.2% |
| 1997 | 0.1032 | -7.5% |
| 1998 | 0.1058 | +2.5% |
| 1999 | 0.1022 | -3.4% |
| 2000 | 0.1203 | +17.7% |
| 2001 | 0.0973 | -19.1% |
| 2002 | 0.0948 | -2.5% |
| 2003 | 0.0968 | +2.1% |
| 2004 | 0.0881 | -8.9% |
| 2005 | 0.0711 | -19.4% |
| 2006 | 0.1 | +40.7% |
| 2007 | 0.0886 | -11.4% |
| 2008 | 0.1 | +12.9% |
| 2009 | 0.0828 | -17.2% |
| 2010 | 0.0951 | +14.8% |
| 2011 | 0.1052 | +10.6% |
| 2012 | 0.1082 | +2.8% |
| 2013 | 0.1059 | -2.1% |
| 2014 | 0.1084 | +2.4% |
| 2015 | 0.1146 | +5.7% |
| 2016 | 0.1114 | -2.7% |
| 2017 | 0.1212 | +8.8% |
| 2018 | 0.1289 | +6.3% |
| 2019 | 0.119 | -7.7% |
| 2020 | 0.1231 | +3.4% |
Rwanda compared with similar countries
- Rwanda's 0.1231 is above the median for low income countries, which is 0.0993, 1.2× the median. (22 countries reporting)
- Rwanda's 0.1231 is above the median for Sub-Saharan Africa, which is 0.1219, 1.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1255 | 0.1086 | 0.1429 | 10 |
| 1990s | 0.1066 | 0.0938 | 0.1243 | 10 |
| 2000s | 0.094 | 0.0711 | 0.1203 | 10 |
| 2010s | 0.1118 | 0.0951 | 0.1289 | 10 |
| 2020s | 0.1231 | 0.1231 | 0.1231 | 1 |
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 financial development index in Rwanda?
- Financial development index in Rwanda was 0.1231 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Rwanda?
- The highest recorded value was 0.1429 in 1989.
- What is the lowest financial development index recorded in Rwanda?
- The lowest recorded value was 0.0711 in 2005.
- How does Rwanda rank for financial development index?
- Rwanda ranks 147th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Rwanda?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.