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 148 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.
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
- Domestic credit to private sector 22.1% (2025)
- Net domestic credit 5.85 trillion current LCU (2025)
- Total reserves in months of imports 4.18 (2024)
- Net foreign assets 3.22 trillion current LCU (2025)
- Domestic credit to private sector by banks 22.0% (2025)
- Claims on central government, etc. 0.7% (2025)
- Monetary Sector credit to private sector 22.1% (2025)
- Broad money 26.1% (2024)
- Official exchange rate 1,428 LCU per US$, period average (2025)
- Net migration 6,282 (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 148 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.