Real interest rate in Rwanda
Rwanda: Real interest rate was 7.3% in 2024. ◆ Volatile
Real interest rate in Rwanda, 1996–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, real interest rate in Rwanda stood at 7.3%.
Compared with earlier readings it is up 87.1% on the previous year and down 36.2% over ten years.
Over the whole period, real interest rate in Rwanda peaked at 22.6% in 2002 and was at its lowest, -3.6%, in 2003.
Rwanda ranks 45th of 149 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real interest rate in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 6.6% | — |
| 1997 | 0.9% | -85.7% |
| 1998 | 13.2% | +1295.1% |
| 1999 | 4.7% | -64.4% |
| 2000 | 12.8% | +172.5% |
| 2001 | 16.8% | +31.5% |
| 2002 | 22.6% | +34.6% |
| 2003 | -3.6% | -116.0% |
| 2004 | 4.4% | -221.3% |
| 2005 | 6.2% | +40.5% |
| 2006 | 14.7% | +136.8% |
| 2007 | 2.6% | -82.1% |
| 2008 | 1.4% | -46.0% |
| 2009 | 9.1% | +538.4% |
| 2010 | 13.3% | +46.9% |
| 2011 | 8.9% | -33.5% |
| 2012 | 11.5% | +30.3% |
| 2013 | 14.3% | +24.2% |
| 2014 | 11.4% | -20.4% |
| 2015 | 16.6% | +45.2% |
| 2016 | 11.3% | -31.5% |
| 2017 | 9.0% | -21.1% |
| 2018 | 15.9% | +77.6% |
| 2019 | 11.9% | -25.5% |
| 2020 | 8.2% | -31.0% |
| 2021 | 12.0% | +46.7% |
| 2022 | 0.4% | -96.7% |
| 2023 | 3.9% | +888.9% |
| 2024 | 7.3% | +87.1% |
Rwanda compared with similar countries
- Rwanda's 7.3% is above the median for low income countries, which is 7.3%, 1.0× the median. (19 countries reporting)
- Rwanda's 7.3% is above the median for Sub-Saharan Africa, which is 4.9%, 1.5× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Real interest rate in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +1295.1% | 0.9% | 13.2% |
| 2023 | +888.9% | 0.4% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.4% | 0.9% | 13.2% | 4 |
| 2000s | 8.7% | -3.6% | 22.6% | 10 |
| 2010s | 12.4% | 8.9% | 16.6% | 10 |
| 2020s | 6.3% | 0.4% | 12.0% | 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 real interest rate in Rwanda?
- Real interest rate in Rwanda was 7.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Rwanda?
- The highest recorded value was 22.6% in 2002.
- What is the lowest real interest rate recorded in Rwanda?
- The lowest recorded value was -3.6% in 2003.
- How does Rwanda rank for real interest rate?
- Rwanda ranks 45th out of 149 countries with data for 2024.
- Is real interest rate rising or falling in Rwanda?
- Over the last ten years it is down 36.2%. The long-run trend across the full record is volatile.
- Where does this Rwanda data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.