Interest rate spread (lending rate minus deposit rate, %) in Rwanda
Rwanda: Interest rate spread (lending rate minus deposit rate, %) was 5.7% in 2024. ▲ Rising
Interest rate spread in Rwanda, 1996–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2024, interest rate spread in Rwanda stood at 5.7%. That is the lowest value across all 29 years on record.
The figure is down 11.2% on the previous year and down 36.9% over ten years.
Over the whole period, interest rate spread in Rwanda peaked at 10.2% in 2010 and was at its lowest, 5.7%, in 2024.
That places Rwanda 62nd out of 141 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Rwanda, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1996 | 7.2% | — |
| 1997 | 8.3% | +15.1% |
| 1998 | 6.9% | -17.6% |
| 1999 | 7.9% | +14.5% |
| 2000 | 7.0% | -11.1% |
| 2001 | 6.4% | -8.9% |
| 2002 | 6.6% | +3.0% |
| 2003 | 6.8% | +4.0% |
| 2004 | 6.8% | -1.0% |
| 2005 | 7.1% | +5.2% |
| 2006 | 7.7% | +7.8% |
| 2007 | 8.4% | +9.4% |
| 2008 | 10.2% | +21.4% |
| 2009 | 8.6% | -15.3% |
| 2010 | 10.2% | +18.8% |
| 2011 | 8.9% | -12.9% |
| 2012 | 7.9% | -11.9% |
| 2013 | 7.4% | -5.9% |
| 2014 | 9.0% | +22.0% |
| 2015 | 9.1% | +0.9% |
| 2016 | 9.4% | +3.1% |
| 2017 | 9.5% | +0.8% |
| 2018 | 9.4% | -0.2% |
| 2019 | 8.9% | -5.9% |
| 2020 | 8.7% | -2.0% |
| 2021 | 8.1% | -6.6% |
| 2022 | 8.7% | +7.3% |
| 2023 | 6.4% | -26.5% |
| 2024 | 5.7% | -11.2% |
Rwanda compared with similar countries
- Rwanda's 5.7% is below the median for low income countries, which is 9.8%, 58% of the median. (16 countries reporting)
- Rwanda's 5.7% is below the median for Sub-Saharan Africa, which is 6.2%, 92% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.6% | 6.9% | 8.3% | 4 |
| 2000s | 7.5% | 6.4% | 10.2% | 10 |
| 2010s | 9.0% | 7.4% | 10.2% | 10 |
| 2020s | 7.5% | 5.7% | 8.7% | 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 interest rate spread in Rwanda?
- Interest rate spread in Rwanda was 5.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Rwanda?
- The highest recorded value was 10.2% in 2010.
- What is the lowest interest rate spread recorded in Rwanda?
- The lowest recorded value was 5.7% in 2024.
- How does Rwanda rank for interest rate spread?
- Rwanda ranks 62nd out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Rwanda?
- Over the last ten years it is down 36.9%. The long-run trend across the full record is rising.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.