Rwanda Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Rwanda's credit to gdp was 21.28% in 2025, ranked 120th globally. This represents a 5.9% decrease from 2024. Data from World Bank, covering 1964–2025.
Overview
Rwanda's credit to gdp stood at 21.28% in 2025, a decline of +1.33% from 2024. Based on recent trends, this figure is projected to reach 21.28% by 2025. Rwanda ranked 120th globally.
Rwanda's credit to GDP ratio has demonstrated significant growth since its inception in 1964, with a marked increase from the all-time trough of 0.94 to the all-time peak of 25.34 in 2021. The country's progress accelerated in the following years, but it now stands at 21.28, ranking 120 globally. This growth trajectory mirrors that of its peer, Eswatini, which boasts a higher credit to GDP ratio of 21.75. However, Rwanda's progress has been hampered by fluctuations in the global economy and regional instability. Despite these challenges, the country's financial sector has made strides in promoting economic development and stability. To further consolidate this momentum, Rwanda would need to maintain its robust economic growth and continue to invest in infrastructure and private sector development, thereby fostering a stable financial environment that can support its growing credit to GDP ratio.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 19.71% | - | - |
| 2026* trend | 20.49% | - | - |
| 2025* trend | 21.28% | - | - |
| 2025 | 21.28% | −1.33% | #120 |
| 2024 | 22.61% | +0.26% | #22 |
| 2023 | 22.35% | −0.49% | #36 |
| 2022 | 22.85% | −2.50% | #43 |
| 2021 | 25.34% | +0.29% | #47 |
| 2020 | 25.05% | +3.59% | #45 |
| 2019 | 21.46% | +0.06% | #43 |
| 2018 | 21.40% | +0.81% | #43 |
| 2017 | 20.59% | +0.12% | #40 |
| 2016 | 20.48% | −0.52% | #41 |
| 2015 | 21.00% | +3.37% | #37 |
| 2014 | 17.63% | +1.41% | #35 |
| 2013 | 16.22% | +0.46% | #37 |
| 2012 | 15.75% | +2.49% | #36 |
| 2011 | 13.27% | +1.77% | #31 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's credit to gdp was 21.28% in 2025. Ranked 120th globally. This represents a 5.9% decrease from the previous year.
Rwanda's credit to gdp peaked at 25.34% in 2021.
The lowest credit to gdp in Rwanda was 0.94% in 1964.
Rwanda ranks 120th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Rwanda's credit to gdp is projected to reach 21.28% by 2025 based on trend extrapolation.
The credit to gdp of Rwanda in 2025 was 21.28%. This ranks 120th in the world.
Cite this page
@misc{historysaid_rwanda_credit-to-gdp,
title = {Rwanda Credit to GDP},
url = {https://historysaid.com/rwanda/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}