Money market Rate, Percent per annum in Rwanda
Rwanda: Money market Rate, Percent per annum was 7.62 in 2024. ▼ Falling
Money market Rate, Percent per annum in Rwanda, 1996–2024
Source: International Monetary Fund.
Analysis
The most recent figure for money market rate, percent per annum in Rwanda is 7.62, measured in 2024.
The figure is down 2.8% on the previous year and up 36.3% over ten years.
Over the whole period, money market rate, percent per annum in Rwanda peaked at 13.53 in 1996 and was at its lowest, 3.63, in 2015.
That places Rwanda 21st out of 94 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Money market Rate, Percent per annum in Rwanda, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 13.53 | — |
| 1997 | 8.92 | -34.1% |
| 1998 | 8.1 | -9.2% |
| 1999 | 8.5 | +4.9% |
| 2000 | 8.96 | +5.5% |
| 2001 | 10.29 | +14.8% |
| 2002 | 10.09 | -1.9% |
| 2003 | 10.13 | +0.4% |
| 2004 | 11.02 | +8.8% |
| 2005 | 8.28 | -24.8% |
| 2006 | 8.26 | -0.3% |
| 2007 | 7.21 | -12.7% |
| 2008 | 7.14 | -1.1% |
| 2009 | 8.81 | +23.4% |
| 2010 | 6.89 | -21.8% |
| 2011 | 7.05 | +2.4% |
| 2012 | 9.22 | +30.7% |
| 2013 | 9.08 | -1.5% |
| 2014 | 5.59 | -38.5% |
| 2015 | 3.63 | -35.0% |
| 2016 | 5.89 | +62.3% |
| 2017 | 6.11 | +3.6% |
| 2018 | 5.57 | -8.7% |
| 2019 | 5.46 | -2.1% |
| 2020 | 5.34 | -2.1% |
| 2021 | 5.18 | -3.0% |
| 2022 | 5.92 | +14.3% |
| 2023 | 7.84 | +32.3% |
| 2024 | 7.62 | -2.8% |
Rwanda compared with similar countries
- Rwanda's 7.62 is above the median for low income countries, which is 5.09, 1.5× the median. (9 countries reporting)
- Rwanda's 7.62 is above the median for Sub-Saharan Africa, which is 5.09, 1.5× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.76 | 8.1 | 13.53 | 4 |
| 2000s | 9.02 | 7.14 | 11.02 | 10 |
| 2010s | 6.45 | 3.63 | 9.22 | 10 |
| 2020s | 6.38 | 5.18 | 7.84 | 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 money market rate, percent per annum in Rwanda?
- Money market rate, percent per annum in Rwanda was 7.62 in 2024, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Rwanda?
- The highest recorded value was 13.53 in 1996.
- What is the lowest money market rate, percent per annum recorded in Rwanda?
- The lowest recorded value was 3.63 in 2015.
- How does Rwanda rank for money market rate, percent per annum?
- Rwanda ranks 21st out of 94 countries with data for 2024.
- Is money market rate, percent per annum rising or falling in Rwanda?
- Over the last ten years it is up 36.3%. 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 Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.