Annual broad money growth in Rwanda
Rwanda: Annual broad money growth was 18.8% in 2024. ▲ Rising
Annual broad money growth in Rwanda, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual broad money growth in Rwanda stood at 18.8%.
That represents a change of down 24.2% on the previous year and up 9.3% over ten years.
Over the whole period, annual broad money growth in Rwanda peaked at 33.4% in 2007 and was at its lowest, 4.0%, in 2009.
That places Rwanda 23rd out of 164 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Annual broad money growth in Rwanda, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 15.6% | — |
| 2001 | 4.3% | -72.5% |
| 2002 | 14.9% | +246.5% |
| 2003 | 17.5% | +17.7% |
| 2004 | 17.6% | +0.6% |
| 2005 | 19.1% | +8.2% |
| 2006 | 26.3% | +37.9% |
| 2007 | 33.4% | +26.9% |
| 2008 | 17.1% | -48.7% |
| 2009 | 4.0% | -77.0% |
| 2010 | 20.2% | +410.9% |
| 2011 | 29.0% | +43.6% |
| 2012 | 13.2% | -54.5% |
| 2013 | 12.1% | -8.0% |
| 2014 | 17.2% | +41.5% |
| 2015 | 20.2% | +17.5% |
| 2016 | 8.5% | -58.0% |
| 2017 | 9.2% | +8.4% |
| 2018 | 18.9% | +106.0% |
| 2019 | 10.2% | -46.1% |
| 2020 | 21.4% | +109.9% |
| 2021 | 18.3% | -14.7% |
| 2022 | 22.9% | +25.4% |
| 2023 | 24.8% | +8.1% |
| 2024 | 18.8% | -24.2% |
Rwanda compared with similar countries
- Rwanda's 18.8% is above the median for low income countries, which is 12.1%, 1.6× the median. (23 countries reporting)
- Rwanda's 18.8% is above the median for Sub-Saharan Africa, which is 9.3%, 2.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Annual broad money growth in Rwanda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +410.9% | 4.0% | 20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.0% | 4.0% | 33.4% | 10 |
| 2010s | 15.9% | 8.5% | 29.0% | 10 |
| 2020s | 21.2% | 18.3% | 24.8% | 5 |
Countries ranked near Rwanda
More economy & growth data for Rwanda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 7.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 13.15 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.9225 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 572.93 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 25.19 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0379 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.19 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -18.44 % change on previous year (2025)
Frequently asked questions
- What is annual broad money growth in Rwanda?
- Annual broad money growth in Rwanda was 18.8% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest annual broad money growth recorded in Rwanda?
- The highest recorded value was 33.4% in 2007.
- What is the lowest annual broad money growth recorded in Rwanda?
- The lowest recorded value was 4.0% in 2009.
- How does Rwanda rank for annual broad money growth?
- Rwanda ranks 23rd out of 164 countries with data for 2024.
- Is annual broad money growth rising or falling in Rwanda?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is rising.
- Where does this Rwanda data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Annual broad money growth. Statizoid updates them automatically from the source API.
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About this data
Annual broad money growth (%).