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Financial Sector Overview

Rwanda officially the Republic of Rwanda, is a country in Central and East Africa and one of the smallest countries on the African mainland. Located a few degrees south of the Equator, Rwanda is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo. Rwanda is in the African Great Lakes region and is highly elevated; its geography is dominated by mountains in the west and savanna to the east, with numerous lakes throughout the country. The climate is temperate to subtropical, with two rainy seasons and two dry seasons each year.

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At a Glance

Population in thousands (2017): 12,208.41
GDP per capita (current US$) 2017 - World Average 10,721.61: 748.29
Account (%) age 15+) - (2014 vs 2017): 42% | 50%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.08 (2016)
Financial Inclusion Strategies: Rwanda Financial Sector Strategy (2013-2018)
Domestic credit provided by financial sector (% of GDP) 2017: 18.95
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 27% | 39%
Remittances % of GDP for 2017: 0.021
Mortgage Interest Rate / Mortgage Term (years): 16.76% | 15

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Projects

Latest News & Events

Jul 22, 2019 | New Times; All Africa
Like elsewhere on the African continent, the penetration of mobile phones in Rwanda has been growing steadily over the ye
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Sep
Sep 11, 2019
Kigali, Rwanda
Hosted by the National Bank of Rwanda (NBR) and the Alliance for Financial Inclusion (AFI), the 2019 GPF aims to showcase the experience of Rwanda…

Latest Publications

Nov 30, 2018 | R.H. Mynhardt, J. Marx | Journal of Economic and Financial Sciences
Jun 30, 2018 | UNHCR, UNCDF | UNHCR
May 24, 2018 | S. Staschen, P. Meagher | CGAP
Dec 31, 2017 | National Bank of Rwanda (BNR) | BNR
Jun 21, 2017 | FinMark Trust | AFR