Lending interest rate in Rwanda: 16.0% (Lending rate, 2024 · 18th of 91). Lending interest rate (%) in Rwanda: 16.0% in 2024, ranking 18th of 91 countries. In 2010 it was 17.0%.
Data last updated · Period: 2010–2024
Understanding the chart
The line chart above tracks lending interest rate (%) in Rwanda for each year from 2010 to 2024, 15 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in %. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2024 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2024, Rwanda's lending rate fell from 17.0% to 16.0%, a fall of 1.0 percentage points.
- The highest value in this period was 17.3% in 2015; the lowest was 16.0% in 2024.
- Recently, the figure has fallen in each of the last two years (2023: 16.1%; 2024: 16.0%).
- Rwanda has the 18th-highest value of 91 countries with recent data.
- In Eastern Africa, Rwanda has the 6th-highest value of 11 countries with recent data; the highest is Madagascar (60.0%), and the typical (median) value is 16.0%.
Analysis
Averaged over periods, the figure was 17.0% in 2010 to 2014, 17.1% in 2015 to 2019 and 16.2% in 2020 onwards. The value went up in 4 of the 14 year-to-year steps and down in 10. The biggest one-year rise came in 2013 (+0.6 percentage points). The biggest one-year fall came in 2019 (−0.4 percentage points). Year to year, the figure typically varied by about 0.5 percentage points around its average of 16.7%, a stable pattern.
Rwanda and its neighbours
Lending interest rate (%) among 11 countries in Eastern Africa with recent data, ranked from highest to lowest.
| Rank in region | Country | Value | Year |
|---|---|---|---|
| 3 | Malawi | 37.1% | 2024 |
| 4 | Mozambique | 17.5% | 2025 |
| 5 | Kenya | 16.6% | 2024 |
| 6 | Rwanda | 16.0% | 2024 |
| 7 | South Sudan | 14.3% | 2025 |
| 8 | Burundi | 12.4% | 2025 |
| 9 | Seychelles | 9.9% | 2025 |
Rwanda on related measures
- Real interest rate (%): 7.3% (2024, 29th-highest of 91 countries)
- Official exchange rate (local currency per US$, annual average): 1,428 per US$ (2025, 18th-highest of 205 countries)
- Credit to the private sector (% of GDP): 22.1% (2025, 118th-highest of 154 countries)
- Commercial bank branches (per 100,000 adults): 4.7 (2024, 135th-highest of 167 countries)
- ATMs (per 100,000 adults): 3.5 (2024, 164th-highest of 171 countries)
Global position: Rwanda's figure is higher than 81% of the 91 countries with data for this measure.
What it means
For businesses and investors, the figure is most useful alongside related measures for the same country, such as growth, inflation, population and incomes, and compared with similar countries. Compared with its neighbours in Eastern Africa, where the typical value is 16.0%, Rwanda is close to the regional norm.
About this statistic
The rate banks charge on loans to their best (prime) customers. Definitions differ between countries. Source: World Bank, World Development Indicators.
For the full definition, caveats and every country ranked, see Lending interest rate (%) by country, 2025.
Questions and answers
What is the lending interest rate (%) in Rwanda?
16.0% (Lending rate, 2024 · 18th of 91). Lending interest rate (%) in Rwanda: 16.0% in 2024, ranking 18th of 91 countries. In 2010 it was 17.0%.
How has lending rate in Rwanda changed since 2010?
Between 2010 and 2024, Rwanda's lending rate fell from 17.0% to 16.0%, a fall of 1.0 percentage points. The highest value in this period was 17.3% in 2015; the lowest was 16.0% in 2024.
How this page was made
Generated by Advanton from World Bank, World Development Indicators (2010–2024), data updated 8 November 2026: chart, ranks, comparisons and text are computed from the published figures; no figures are changed. About the data.
Data
| Year | Lending interest rate (%) |
|---|---|
| 2010 | 17.0% |
| 2011 | 16.7% |
| 2012 | 16.7% |
| 2013 | 17.3% |
| 2014 | 17.3% |
| 2015 | 17.3% |
| 2016 | 17.3% |
| 2017 | 17.2% |
| 2018 | 16.9% |
| 2019 | 16.5% |
| 2020 | 16.3% |
| 2021 | 16.2% |
| 2022 | 16.4% |
| 2023 | 16.1% |
| 2024 | 16.0% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2024. Coverage: Rwanda.
The rate banks charge on loans to their best (prime) customers. Definitions differ between countries. A starting point for the cost of borrowing. Small businesses usually pay more than the prime rate.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Lending interest rate (%) by country, 2025
- Lending interest rate (%) in Burundi, 2010–2025
- Lending interest rate (%) in Comoros, 2010–2022
- Lending interest rate (%) in Kenya, 2010–2024
- Lending interest rate (%) in Madagascar, 2010–2025
- GDP of Rwanda, 2010–2025
- Economic growth (GDP growth) in Rwanda, 2010–2025
- GDP per person in Rwanda, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Rwanda, 2010–2024
All Rwanda data: economy, people, jobs and digital in one place
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