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Rwanda Market Capitalization

Market capitalization of listed domestic companies as % of GDP  CM.MKT.LCAP.GD.ZS

Rwanda's market capitalization was 13.91% in 2025, ranked 60th globally. This represents a 28.0% decrease from 2024. Data from World Bank, covering 2018–2025.

13.91% −5.42% (-28.0%)
Year 2025 Rank #60 Global Peak 35.55% (2018) Source World Bank

Rwanda Market Capitalization (2018–2025)

Overview

Rwanda's market capitalization stood at 13.91% in 2025, a decline of +5.42% from 2024. Based on recent trends, this figure is projected to reach 13.91% by 2025. Rwanda ranked 60th globally.

Rwanda's market capitalization has experienced a significant decline over the past eight years, with its value plummeting to a trough of 13.91 in 2025. This represents a stark contrast to its all-time peak of 35.55 in 2018, marking a decline of approximately 61%. Compared to its peer countries, Rwanda's market capitalization has lagged behind Slovenia's, which currently ranks 14th globally with a market capitalization of 14.49. The decline in Rwanda's market capitalization is a cause for concern, as it may indicate a lack of investor confidence in the country's economy. Rwanda's economic growth has been driven in part by foreign investment, particularly in the tech sector, but the decline in market capitalization suggests that this trend may be reversing. A sustained recovery in market capitalization would require a significant increase in investor confidence, potentially driven by improvements in the business environment or increased economic stability.

Data & projection

Year Market Capitalization YoY change Rank
2027* trend 5.55% - -
2026* trend 9.73% - -
2025* trend 13.91% - -
2025 13.91% −5.42% #60
2024 19.33% −1.13% #49
2023 20.46% −5.40% #50
2022 25.87% −6.38% #43
2021 32.25% −2.09% #42
2020 34.34% +3.28% #41
2019 31.06% −4.49% #44
2018 35.55% – #39
* Linear trend extrapolation

Detected Pattern

Orthodox Tightening Cycle
Inflation above 40%, lending rate above 30%, rate-inflation gap narrowing, reserves stable or rising. Signals credible monetary tightening.
Inflation 19.8% Rate 16.1% Gap -3.7pp Reserves YoY +6.3%
Occurred 311 times, 177 successful
Inflation
28.2%
Rate
19.4%
Gap
-8.8pp
Reserves YoY
+2.2%
Inflation
219.9%
Rate
61.7%
Gap
-158.2pp
Reserves YoY
+28.1%
Inflation
28.3%
Rate
24.3%
Gap
-4.0pp
Reserves YoY
+35.8%
Inflation
33.9%
Rate
17.8%
Gap
-16.1pp
Reserves YoY
+2.9%
Inflation
17.0%
Rate
20.8%
Gap
+3.8pp
Reserves YoY
+1.5%
Inflation
17.1%
Rate
15.3%
Gap
-1.8pp
Reserves YoY
+10.9%

Analysis

Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw market capitalization improve within 24 months. View full analysis →

Frequently Asked Questions

What is Rwanda's market capitalization?▾

Rwanda's market capitalization was 13.91% in 2025. Ranked 60th globally. This represents a 28.0% decrease from the previous year.

What was the highest market capitalization in Rwanda?▾

Rwanda's market capitalization peaked at 35.55% in 2018.

What was the lowest market capitalization in Rwanda?▾

The lowest market capitalization in Rwanda was 13.91% in 2025.

How does Rwanda rank in market capitalization?▾

Rwanda ranks 60th globally in market capitalization as of 2025.

What is the World Bank indicator code for market capitalization?▾

The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.

What is the projected market capitalization of Rwanda in 2025?▾

Rwanda's market capitalization is projected to reach 13.91% by 2025 based on trend extrapolation.

What is the market capitalization of Rwanda in 2025?▾

The market capitalization of Rwanda in 2025 was 13.91%. This ranks 60th in the world.

Cite this page

APA
Rwanda Market Capitalization. HistorySaid. Retrieved November 15, 2026, from https://historysaid.com/rwanda/market-capitalization/
BibTeX
@misc{historysaid_rwanda_market-capitalization, title = {Rwanda Market Capitalization}, url = {https://historysaid.com/rwanda/market-capitalization/}, publisher = {HistorySaid}, year = {2026} }
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