Rwanda Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Rwanda's domestic credit was 22.58% in 2025, ranked 47th globally. This represents a 7.9% decrease from 2024. Data from World Bank, covering 2022–2025.
Overview
Rwanda's domestic credit stood at 22.58% in 2025, a decline of +1.93% from 2024. Based on recent trends, this figure is projected to reach 22.58% by 2025. Rwanda ranked 47th globally.
Rwanda's domestic credit has experienced a decline from its all-time peak of 28.20 in 2022 to 22.58 in 2025, representing a drop of 20.07% over the four-year coverage period. This decline positions Rwanda at the 47th rank globally in domestic credit, lagging behind peer countries such as Moldova, which boasts a significantly higher domestic credit of 30.51. In comparison to other low-income countries, Rwanda's domestic credit is also surpassed by Nicaragua, which has a domestic credit of 23.09. The decline in domestic credit may be attributed to various economic factors, including a reduction in government spending or a decrease in private sector activity. A possible reversal in this trend could be triggered by an improvement in Rwanda's business environment, which has been hindered by factors such as high trade costs and a restrictive regulatory framework.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 18.90% | - | - |
| 2026* trend | 20.74% | - | - |
| 2025* trend | 22.58% | - | - |
| 2025 | 22.58% | −1.93% | #47 |
| 2024 | 24.52% | −1.58% | #3 |
| 2023 | 26.09% | −2.11% | #5 |
| 2022 | 28.20% | – | #5 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's domestic credit was 22.58% in 2025. Ranked 47th globally. This represents a 7.9% decrease from the previous year.
Rwanda's domestic credit peaked at 28.20% in 2022.
The lowest domestic credit in Rwanda was 22.58% in 2025.
Rwanda ranks 47th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Rwanda's domestic credit is projected to reach 22.58% by 2025 based on trend extrapolation.
The domestic credit of Rwanda in 2025 was 22.58%. This ranks 47th in the world.
Cite this page
@misc{historysaid_rwanda_domestic-credit,
title = {Rwanda Domestic Credit},
url = {https://historysaid.com/rwanda/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}