Lending interest rate in Rwanda
Rwanda: Lending interest rate was 16.0% in 2024. ▬ Flat
Lending interest rate in Rwanda, 1996–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Rwanda is 16.0%, measured in 2024.
The figure is down 0.3% on the previous year and down 7.2% over ten years.
Over the whole period, lending interest rate in Rwanda peaked at 18.3% in 1996 and was at its lowest, 15.7%, in 1998.
Rwanda ranks 28th of 149 countries on this measure, in the top quarter.
Lending interest rate in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 18.3% | — |
| 1997 | 16.7% | -8.4% |
| 1998 | 15.7% | -6.0% |
| 1999 | 16.3% | +3.9% |
| 2000 | 16.5% | +1.0% |
| 2001 | 16.4% | -0.8% |
| 2002 | 16.2% | -0.9% |
| 2003 | 16.0% | -1.4% |
| 2004 | 16.0% | -0.0% |
| 2005 | 15.8% | -1.3% |
| 2006 | 15.9% | +0.5% |
| 2007 | 16.0% | +0.8% |
| 2008 | 16.3% | +1.6% |
| 2009 | 16.7% | +2.9% |
| 2010 | 17.0% | +1.7% |
| 2011 | 16.7% | -2.0% |
| 2012 | 16.7% | +0.2% |
| 2013 | 17.3% | +3.7% |
| 2014 | 17.3% | -0.3% |
| 2015 | 17.3% | +0.4% |
| 2016 | 17.3% | -0.2% |
| 2017 | 17.2% | -0.7% |
| 2018 | 16.9% | -1.3% |
| 2019 | 16.5% | -2.5% |
| 2020 | 16.3% | -1.1% |
| 2021 | 16.2% | -1.0% |
| 2022 | 16.4% | +1.3% |
| 2023 | 16.1% | -2.0% |
| 2024 | 16.0% | -0.3% |
Rwanda compared with similar countries
- Rwanda's 16.0% is above the median for low income countries, which is 16.0%, 1.0× the median. (19 countries reporting)
- Rwanda's 16.0% is above the median for Sub-Saharan Africa, which is 12.4%, 1.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.8% | 15.7% | 18.3% | 4 |
| 2000s | 16.2% | 15.8% | 16.7% | 10 |
| 2010s | 17.0% | 16.5% | 17.3% | 10 |
| 2020s | 16.2% | 16.0% | 16.4% | 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 lending interest rate in Rwanda?
- Lending interest rate in Rwanda was 16.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Rwanda?
- The highest recorded value was 18.3% in 1996.
- What is the lowest lending interest rate recorded in Rwanda?
- The lowest recorded value was 15.7% in 1998.
- How does Rwanda rank for lending interest rate?
- Rwanda ranks 28th out of 149 countries with data for 2024.
- Is lending interest rate rising or falling in Rwanda?
- Over the last ten years it is down 7.2%. The long-run trend across the full record is flat.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.