Financial system deposits to GDP (%) in Rwanda
Rwanda: Financial system deposits to GDP (%) was 24.8% in 2021. ▲ Rising
Financial system deposits to GDP in Rwanda, 1964–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, financial system deposits to gdp in Rwanda stood at 24.8%. That is the highest value across all 58 years on record.
That represents a change of up 4.7% on the previous year and up 66.2% over ten years.
Over the whole period, financial system deposits to gdp in Rwanda peaked at 24.8% in 2021 and was at its lowest, 4.3%, in 1967.
That places Rwanda 154th out of 185 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Financial system deposits to GDP (%) in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 1964 | 7.0% | — |
| 1965 | 6.4% | -7.4% |
| 1966 | 4.8% | -25.7% |
| 1967 | 4.3% | -10.1% |
| 1968 | 4.5% | +3.9% |
| 1969 | 5.2% | +15.5% |
| 1970 | 5.6% | +8.7% |
| 1971 | 6.3% | +12.3% |
| 1972 | 6.1% | -2.7% |
| 1973 | 7.8% | +28.2% |
| 1974 | 8.6% | +9.9% |
| 1975 | 5.4% | -37.0% |
| 1976 | 6.5% | +19.4% |
| 1977 | 7.5% | +16.4% |
| 1978 | 7.6% | +0.6% |
| 1979 | 7.8% | +2.6% |
| 1980 | 7.5% | -3.8% |
| 1981 | 6.9% | -8.2% |
| 1982 | 6.8% | -1.5% |
| 1983 | 7.3% | +7.6% |
| 1984 | 7.5% | +2.6% |
| 1985 | 8.3% | +11.6% |
| 1986 | 9.9% | +18.8% |
| 1987 | 11.0% | +10.7% |
| 1988 | 11.3% | +3.0% |
| 1989 | 10.8% | -4.1% |
| 1990 | 9.9% | -8.6% |
| 1991 | 9.8% | -1.0% |
| 1992 | 9.5% | -3.1% |
| 1993 | 9.2% | -2.9% |
| 1994 | 14.6% | +58.5% |
| 1995 | 13.2% | -9.7% |
| 1996 | 11.3% | -14.6% |
| 1997 | 12.0% | +6.4% |
| 1998 | 10.9% | -9.3% |
| 1999 | 12.5% | +14.6% |
| 2000 | 13.0% | +4.7% |
| 2001 | 13.5% | +3.7% |
| 2002 | 14.6% | +7.9% |
| 2003 | 13.5% | -7.8% |
| 2004 | 14.6% | +8.3% |
| 2005 | 14.2% | -2.4% |
| 2006 | 12.6% | -11.0% |
| 2007 | 14.1% | +11.6% |
| 2008 | 12.7% | -9.7% |
| 2009 | 11.9% | -6.6% |
| 2010 | 13.0% | +9.2% |
| 2011 | 14.9% | +14.6% |
| 2012 | 15.0% | +0.8% |
| 2013 | 15.7% | +4.7% |
| 2014 | 16.9% | +7.4% |
| 2015 | 18.5% | +9.4% |
| 2016 | 18.1% | -1.8% |
| 2017 | 17.6% | -3.0% |
| 2018 | 19.5% | +10.8% |
| 2019 | 19.9% | +1.9% |
| 2020 | 23.6% | +18.9% |
| 2021 | 24.8% | +4.7% |
Rwanda compared with similar countries
- Rwanda's 24.8% is above the median for low income countries, which is 20.5%, 1.2× the median. (22 countries reporting)
- Rwanda's 24.8% is above the median for Sub-Saharan Africa, which is 23.8%, 1.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.3% | 4.3% | 7.0% | 6 |
| 1970s | 6.9% | 5.4% | 8.6% | 10 |
| 1980s | 8.7% | 6.8% | 11.3% | 10 |
| 1990s | 11.3% | 9.2% | 14.6% | 10 |
| 2000s | 13.5% | 11.9% | 14.6% | 10 |
| 2010s | 16.9% | 13.0% | 19.9% | 10 |
| 2020s | 24.2% | 23.6% | 24.8% | 2 |
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 system deposits to gdp in Rwanda?
- Financial system deposits to gdp in Rwanda was 24.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Rwanda?
- The highest recorded value was 24.8% in 2021.
- What is the lowest financial system deposits to gdp recorded in Rwanda?
- The lowest recorded value was 4.3% in 1967.
- How does Rwanda rank for financial system deposits to gdp?
- Rwanda ranks 154th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Rwanda?
- Over the last ten years it is up 66.2%. The long-run trend across the full record is rising.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).