Prices & public finance · Sub-Saharan Africa · Low income
Rwanda: prices, money and public finance
Inflation is 5.9% (2025), 37th of 180 in the world and 16th of 44 in Sub-Saharan Africa. GDP deflator is 7.4% (2025), 39th of 209 in the world and 15th of 46 in Sub-Saharan Africa. Lending rate is 16.0% (2024), 26th of 136 in the world and 15th of 36 in Sub-Saharan Africa.
Inflation
RwandaSub-Saharan AfricaLow incomeWorld
GDP deflator
RwandaSub-Saharan AfricaLow incomeWorld
13 indicators
Prices & public finance: Rwanda in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 5.9%2025 | 37/180 | 16/44 | 3.9% | -0.2% | 9.9% | +3.4 ppsince 2015 | 3.4% | 4.4% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 7.4%2025 | 39/209 | 15/46 | 3.3% | 3.3% | 7.6% | +6.7 ppsince 2015 | 4.1% | 6.3% | 3.3% | |
| Lending rateLending interest rate, % | 16.0%2024 | 26/136 | 15/36 | 16.5% | 17.0% | 16.3% | −1.2 ppsince 2014 | — | — | — | |
| Real interest rateReal interest rate, % | 7.3%2024 | 41/136 | 14/36 | 12.8% | 13.3% | 8.2% | −4.1 ppsince 2014 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 1,428.482025 | 20/210 | 9/47 | 389.70 | 583.13 | 943.28 | +98%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 12.7%2024 | 100/142 | 16/32 | · | · | 14.6% | −0.4 ppsince 2014 | — | 9.9% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 18.1%2024 | 104/142 | 16/32 | · | · | 20.7% | −0.4 ppsince 2014 | — | 11.4% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 18.0%2023 | 109/142 | 15/32 | · | · | 20.9% | — | — | 13.9% | 28.5% | |
| External debtExternal debt stocks, % of GNI | 93.9%2024 | 12/119 | 5/43 | 62.8% | 20.3% | 82.5% | +57.7 ppsince 2014 | — | 42.2% | — | |
| Private creditDomestic credit to private sector, % of GDP | 22.1%2025 | 127/169 | 14/42 | 8.7% | 11.6% | 24.3% | +0.8 ppsince 2015 | 31.7% | 12.6% | 140.3% | |
| Broad moneyBroad money, % of GDP | 26.1%2024 | 133/146 | 31/42 | 14.2% | 15.7% | 24.4% | +6.9 ppsince 2014 | 42.6% | 22.6% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.22024 | 89/165 | 14/32 | · | 5.7 | 5.4 | +5.4%since 2014 | 6.1 | 3.3 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.29%2025 | 101/156 | 23/45 | 3.54% | 1.22% | 1.47% | +0.1 ppsince 2015 | 1.13% | 1.57% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Reserves, months of imports+5.4%4.2 in 2024
Worse than ten years ago
- Inflation+3.4 pp5.9% in 2025
- External debt+57.7 pp93.9% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Rwanda and its neighbours
Countries sharing a land border with Rwanda. Latest values since 2005; the highest in each row is marked.
| Indicator | Rwanda | Democratic Republic of the Congo | Tanzania | Uganda | Burundi |
|---|---|---|---|---|---|
| Inflation | 5.9%2025 | 2.9%2016 | 3.3%2025 | 3.6%2025 | 34.1%2025 |
| GDP deflator | 7.4%2025 | 7.8%2025 | 5.1%2025 | 5.2%2025 | 18.2%2025 |
| Lending rate | 16.0%2024 | 24.1%2025 | 16.7%2020 | 19.8%2018 | 12.4%2025 |
| Real interest rate | 7.3%2024 | 15.1%2025 | 9.6%2020 | 14.7%2018 | -4.9%2025 |
| Exchange rate | 1,428.482025 | 2,693.242025 | 2,597.902024 | 3,602.992025 | 2,943.142025 |
| Tax revenue | 12.7%2024 | 10.7%2022 | 12.3%2024 | 12.6%2024 | 12.7%2021 |
| Government revenue | 18.1%2024 | 13.2%2022 | 14.0%2024 | 14.0%2024 | 14.2%2021 |
| Government expense | 18.0%2023 | 12.4%2022 | 16.3%2024 | 16.6%2023 | 12.3%2021 |
| External debt | 93.9%2024 | 18.3%2024 | 47.3%2024 | 39.2%2024 | 47.1%2024 |