Rwanda has a population of approximately 11.3 million people which is dominated by young people with a median age of 19 years and a population growth rate of 2.6%. The GDP of the economy is 4,685 Billion Rwanda Francs (at constant 2011 prices) with an average growth rate of 7.12% over the last 5 years.
Interest rate
Definition: Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
| Years | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lending interest rate | 18.5 | 16.2 | 17.1 | 16.8 | 17 | 17.3 | 16.4 | 17.1 | 16.5 | 16.1 | 16.1 | 16.1 | 16.5 | 16.1 | 16.7 | 16.73 | 16.49 | 17.02 | |
| Interest rate spread (lending rate minus deposit rate) | 7.4 | 8 | 9.4 | 8.1 | 6.9 | 7.1 | 7.4 | 7.6 | 7.1 | 8.1 | 7.8 | 9.3 | 9.8 | 9.6 | |||||
| Real interest rate | 6.9 | 0.5 | 14.6 | 28.7 | 13.8 | 16.2 | 22.9 | -4.6 | 2.5 | 6 | 5.7 | 4.9 | 2.8 | 6.5 | 13.8 | ||||
| Deposit interest rate | 11.1 | 8.2 | 7.8 | 8.7 | 10.1 | 10.2 | 9 | 9.4 | 9.4 | 8 | 8.3 | 6.8 | 6.7 | 7.1 | 7.96 | 16.49 | 10.32 |
