Rwanda Real Interest Rate
Real interest rate FR.INR.RINR
Rwanda's real interest rate was 6.49% in 2025, ranked 27th globally. This represents a 45.1% decrease from 2024. Data from World Bank, covering 1996–2025.
Overview
Rwanda's real interest rate stood at 6.49% in 2025, a decline of +5.32pp from 2024. Based on recent trends, this figure is projected to reach 6.49% by 2025. Rwanda ranked 27th globally.
Rwanda's real interest rate has fluctuated significantly over the past three decades, with the country experiencing its highest rate in 2002 at 22.62%. This peak coincided with a period of economic recovery following the 1994 genocide, as the government implemented policies to stabilize the economy and promote growth. Conversely, the real interest rate hit a low of -3.63% in 2003, reflecting the country's struggles to manage inflation and stabilize its financial sector. As of 2025, Rwanda's real interest rate stands at 6.49%, ranking 27th globally. This rate is comparable to that of the Kyrgyz Republic, which has a real interest rate of 6.51%. The trend in Rwanda's real interest rate suggests a gradual decrease in interest rates over the years, but a significant upward shift in recent years. Changes in monetary policy and economic growth could alter this trajectory, with potential downward pressure on interest rates if the economy experiences a slowdown.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.76% | - | - |
| 2026* trend | 6.12% | - | - |
| 2025* trend | 6.49% | - | - |
| 2025 | 6.49% | −5.32pp | #27 |
| 2024 | 11.81% | +8.14pp | #72 |
| 2023 | 3.67% | +3.17pp | #47 |
| 2022 | 0.50% | −12.36pp | #48 |
| 2021 | 12.85% | +3.82pp | #105 |
| 2020 | 9.03% | −4.69pp | #77 |
| 2019 | 13.72% | −3.94pp | #107 |
| 2018 | 17.66% | +9.33pp | #114 |
| 2017 | 8.33% | −3.35pp | #100 |
| 2016 | 11.67% | −5.09pp | #107 |
| 2015 | 16.77% | +4.81pp | #115 |
| 2014 | 11.96% | −2.29pp | #116 |
| 2013 | 14.25% | +2.81pp | #126 |
| 2012 | 11.44% | +2.60pp | #117 |
| 2011 | 8.84% | −4.55pp | #111 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's real interest rate was 6.49% in 2025. Ranked 27th globally. This represents a 45.1% decrease from the previous year.
Rwanda's real interest rate peaked at 22.62% in 2002.
The lowest real interest rate in Rwanda was -3.63% in 2003.
Rwanda ranks 27th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Rwanda's real interest rate is projected to reach 6.49% by 2025 based on trend extrapolation.
The real interest rate of Rwanda in 2025 was 6.49%. This ranks 27th in the world.
Cite this page
@misc{historysaid_rwanda_real-interest-rate,
title = {Rwanda Real Interest Rate},
url = {https://historysaid.com/rwanda/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}