Interest payments in Rwanda
Rwanda: Interest payments was 9.8% in 2023. ▼ Falling
Interest payments in Rwanda, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Rwanda stood at 9.8%.
Compared with earlier readings it is up 19.9% on the previous year and up 121.6% over ten years.
Over the whole period, interest payments in Rwanda peaked at 14.4% in 1991 and was at its lowest, 4.4%, in 2015.
Rwanda ranks 54th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Interest payments in Rwanda, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 7.9% | — |
| 1991 | 14.4% | +82.3% |
| 1992 | 11.8% | -17.9% |
| 2014 | 4.4% | -62.4% |
| 2015 | 4.4% | -0.8% |
| 2016 | 4.5% | +2.4% |
| 2017 | 5.0% | +11.4% |
| 2018 | 5.9% | +18.0% |
| 2019 | 5.7% | -3.7% |
| 2020 | 6.7% | +18.2% |
| 2021 | 8.1% | +20.7% |
| 2022 | 8.2% | +0.8% |
| 2023 | 9.8% | +19.9% |
Rwanda compared with similar countries
- Rwanda's 9.8% is above the median for low income countries, which is 9.0%, 1.1× the median. (15 countries reporting)
- Rwanda's 9.8% is below the median for Sub-Saharan Africa, which is 11.3%, 87% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.4% | 7.9% | 14.4% | 3 |
| 2010s | 5.0% | 4.4% | 5.9% | 6 |
| 2020s | 8.2% | 6.7% | 9.8% | 4 |
Countries ranked near Rwanda
More public sector data for Rwanda
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- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
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- Chief executive of the government is elected 1 (2025)
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Frequently asked questions
- What is interest payments in Rwanda?
- Interest payments in Rwanda was 9.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Rwanda?
- The highest recorded value was 14.4% in 1991.
- What is the lowest interest payments recorded in Rwanda?
- The lowest recorded value was 4.4% in 2015.
- How does Rwanda rank for interest payments?
- Rwanda ranks 54th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Rwanda?
- Over the last ten years it is up 121.6%. The long-run trend across the full record is falling.
- Where does this Rwanda data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.