Business Investment Financing Statistics in Rwanda (2026)
As of the 2023 data, 24.3% of firms in Rwanda used banks to finance investment, per World Bank World Development Indicators. Up from 12.2% in 2019 to 24.3% in 2023 (+12.1 percentage points). Rwanda ranks #16 of 44 economies in Sub-Saharan Africa on this measure, and #82 of 144 globally.
Key Statistics
- Latest value (2023)
- 24.3% (2023)
- Business Investment Financing in Rwanda as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- +12.1 pp (2023)
- Up from 12.2% in 2019 to 24.3% in 2023 (+12.1 percentage points).
- Earliest value in this dataset (2006)
- 15.9% (2006)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 15.9% in 2006 to 24.3% in 2023.
- Record high (2023)
- 24.3% (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for Rwanda.
- Rank in Sub-Saharan Africa
- #16 of 44 (2023)
- Rwanda ranks 16 of 44 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #82 of 144 (2023)
- Rwanda ranks 82 of 144 countries with data globally.
- Sub-Saharan Africa average
- 22.2% (2023)
- Rwanda (24.3%) is above the average of 22.2% across the 44 countries in Sub-Saharan Africa with data.
- Firms with a bank loan/line of credit (% of firms) (2023)
- 42.7% (2023)
- Related indicator from World Bank World Development Indicators.
- Internet use in Rwanda (2024)
- 31.7% (2024)
- 31.7% of the population in Rwanda used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 14.3 million (2024)
- Rwanda had a population of 14.3 million in 2024 (World Bank); shown for scale only.
Trend, 2006–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 24.3% | +12.1 pp |
| 2019 | 12.2% | −11.1 pp |
| 2011 | 23.3% | +7.4 pp |
| 2006 | 15.9% | — |
Frequently asked questions
What share of firms in Rwanda used banks to finance investment?
24.3% of firms in Rwanda used banks to finance investment in 2023, according to World Bank World Development Indicators data.
Where does the business investment financing data for Rwanda come from?
The data comes from the World Bank World Development Indicators (indicator IC.FRM.BNKS.ZS). The latest observation for Rwanda is from 2023; the snapshot was retrieved on 2026-06-10.
How has business investment financing in Rwanda changed over time?
World Bank World Development Indicators data show a rise from 15.9% in 2006 to 24.3% in 2023.
How does Rwanda compare with other countries in Sub-Saharan Africa?
Rwanda ranks 16 of 44 countries in Sub-Saharan Africa with data, with 24.3% versus a regional average of 22.2% (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKS.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .