Risk premium on lending in Rwanda
Rwanda: Risk premium on lending was 8.4% in 2024. ▲ Rising
Risk premium on lending in Rwanda, 1999–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus treasury bill rate, %.
Analysis
Rwanda recorded 8.4% for risk premium on lending in 2024.
The figure is up 6.5% on the previous year and down 34.4% over ten years.
Over the whole period, risk premium on lending in Rwanda peaked at 15.9% in 2009 and was at its lowest, 3.5%, in 2004.
That places Rwanda 12th out of 86 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Risk premium on lending in Rwanda, year by year
| Year | lending rate minus treasury bill rate, % | Change |
|---|---|---|
| 1999 | 4.6% | — |
| 2000 | 6.0% | +32.2% |
| 2001 | 7.5% | +23.5% |
| 2002 | 6.9% | -7.7% |
| 2003 | 4.8% | -30.2% |
| 2004 | 3.5% | -27.9% |
| 2009 | 15.9% | +358.8% |
| 2010 | 10.5% | -33.8% |
| 2011 | 10.3% | -2.3% |
| 2012 | 7.3% | -29.2% |
| 2013 | 8.4% | +15.1% |
| 2014 | 12.8% | +53.1% |
| 2015 | 14.0% | +9.1% |
| 2016 | 11.3% | -19.7% |
| 2017 | 10.3% | -8.8% |
| 2018 | 11.9% | +15.5% |
| 2019 | 11.3% | -4.6% |
| 2020 | 10.8% | -4.5% |
| 2021 | 9.8% | -8.8% |
| 2022 | 10.3% | +5.0% |
| 2023 | 7.9% | -23.4% |
| 2024 | 8.4% | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.6% | 4.6% | 4.6% | 1 |
| 2000s | 7.4% | 3.5% | 15.9% | 6 |
| 2010s | 10.8% | 7.3% | 14.0% | 10 |
| 2020s | 9.5% | 7.9% | 10.8% | 5 |
Countries ranked near Rwanda
More financial sector data for Rwanda
- Net domestic credit (current LCU), per capita 401,388 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 357.19 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 31.82 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2004)
- Gold reserves at market value 0 SDR (2004)
- Reserves excluding gold, foreign exchange 1.40 billion SDR (2025)
- Reserves excluding gold 1.43 billion SDR (2025)
- Total reserves (gold at market value) 1.43 billion SDR (2025)
- Total reserves (gold at national valuation) 1.43 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 98.37 SDR per person (2025)
Frequently asked questions
- What is risk premium on lending in Rwanda?
- Risk premium on lending in Rwanda was 8.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest risk premium on lending recorded in Rwanda?
- The highest recorded value was 15.9% in 2009.
- What is the lowest risk premium on lending recorded in Rwanda?
- The lowest recorded value was 3.5% in 2004.
- How does Rwanda rank for risk premium on lending?
- Rwanda ranks 12th out of 86 countries with data for 2024.
- Is risk premium on lending rising or falling in Rwanda?
- Over the last ten years it is down 34.4%. 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 Risk premium on lending (lending rate minus treasury bill rate, %). Statizoid updates them automatically from the source API.
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About this data
Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.