Private credit by deposit money banks and other financial in Rwanda
Rwanda: Private credit by deposit money banks and other financial was 25.2% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Rwanda, 1964–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Rwanda recorded 25.2% for private credit by deposit money banks and other financial in 2021. That is the highest value across all 58 years on record.
The figure is up 1.4% on the previous year and up 93.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Rwanda peaked at 25.2% in 2021 and was at its lowest, 0.9%, in 1964.
That places Rwanda 136th out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 1964 | 0.9% | — |
| 1965 | 1.1% | +17.4% |
| 1966 | 2.0% | +79.8% |
| 1967 | 1.5% | -25.9% |
| 1968 | 1.4% | -7.5% |
| 1969 | 1.7% | +22.1% |
| 1970 | 2.4% | +45.1% |
| 1971 | 2.9% | +19.0% |
| 1972 | 2.0% | -30.3% |
| 1973 | 3.5% | +75.6% |
| 1974 | 6.0% | +70.9% |
| 1975 | 3.1% | -48.1% |
| 1976 | 2.9% | -7.4% |
| 1977 | 5.1% | +77.5% |
| 1978 | 5.5% | +8.1% |
| 1979 | 3.9% | -28.6% |
| 1980 | 5.3% | +33.6% |
| 1981 | 5.6% | +5.8% |
| 1982 | 5.9% | +6.0% |
| 1983 | 5.7% | -3.8% |
| 1984 | 6.3% | +10.8% |
| 1985 | 7.6% | +20.1% |
| 1986 | 7.7% | +2.4% |
| 1987 | 7.8% | +0.6% |
| 1988 | 8.9% | +14.3% |
| 1989 | 9.1% | +2.6% |
| 1990 | 6.9% | -24.9% |
| 1991 | 5.1% | -26.1% |
| 1992 | 5.6% | +11.2% |
| 1993 | 6.3% | +11.6% |
| 1994 | 9.8% | +55.8% |
| 1995 | 8.4% | -14.5% |
| 1996 | 6.7% | -19.4% |
| 1997 | 8.1% | +19.3% |
| 1998 | 8.7% | +8.1% |
| 1999 | 9.8% | +13.0% |
| 2000 | 10.2% | +4.2% |
| 2001 | 10.1% | -1.0% |
| 2002 | 10.4% | +2.6% |
| 2003 | 9.5% | -8.4% |
| 2004 | 10.6% | +11.0% |
| 2005 | 11.0% | +3.9% |
| 2006 | 11.5% | +4.9% |
| 2007 | 11.8% | +2.5% |
| 2008 | 13.2% | +11.7% |
| 2009 | 11.0% | -16.9% |
| 2010 | 11.3% | +3.4% |
| 2011 | 13.1% | +15.1% |
| 2012 | 15.5% | +19.0% |
| 2013 | 16.0% | +3.1% |
| 2014 | 17.4% | +8.5% |
| 2015 | 20.7% | +19.2% |
| 2016 | 20.3% | -2.2% |
| 2017 | 20.4% | +0.7% |
| 2018 | 21.2% | +3.9% |
| 2019 | 21.3% | +0.4% |
| 2020 | 24.9% | +16.8% |
| 2021 | 25.2% | +1.4% |
Rwanda compared with similar countries
- Rwanda's 25.2% is above the median for low income countries, which is 13.8%, 1.8× the median. (23 countries reporting)
- Rwanda's 25.2% is above the median for Sub-Saharan Africa, which is 15.4%, 1.6× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.4% | 0.9% | 2.0% | 6 |
| 1970s | 3.7% | 2.0% | 6.0% | 10 |
| 1980s | 7.0% | 5.3% | 9.1% | 10 |
| 1990s | 7.5% | 5.1% | 9.8% | 10 |
| 2000s | 10.9% | 9.5% | 13.2% | 10 |
| 2010s | 17.7% | 11.3% | 21.3% | 10 |
| 2020s | 25.1% | 24.9% | 25.2% | 2 |
Countries ranked near Rwanda
- 133 Kazakhstan 26.8% compare
- 134 Togo 26.6% compare
- 135 Algeria 25.3% compare
- 137 Azerbaijan 22.9% compare
- 138 Mozambique 22.6% compare
- 139 Mauritania 22.6% compare
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 private credit by deposit money banks and other financial in Rwanda?
- Private credit by deposit money banks and other financial in Rwanda was 25.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Rwanda?
- The highest recorded value was 25.2% in 2021.
- What is the lowest private credit by deposit money banks and other financial recorded in Rwanda?
- The lowest recorded value was 0.9% in 1964.
- How does Rwanda rank for private credit by deposit money banks and other financial?
- Rwanda ranks 136th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Rwanda?
- Over the last ten years it is up 93.3%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)