Kenya vs Nigeria: Deposit interest rate (%)
Kenya
12.0%
in 2024
Nigeria
11.3%
in 2025
Kenya rank
12th
Nigeria rank
13th
Deposit interest rate (%) over time
- Kenya
- Nigeria
How they compare
Kenya currently reports 12.0% against 11.3% in Nigeria, a difference of 0.7%.
That makes Kenya's figure about 1.1 times Nigeria's.
The two have swapped places 8 times across 53 shared years of data; in 1970 it was Kenya ahead.
Kenya ranks 12th and Nigeria ranks 13th of 153 countries.
Across the 6 decades both report, Kenya averaged higher in 4 and Nigeria in 2.
Head to head by decade
| Decade | Kenya | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.4% | 3.2% | 1.2% | Kenya |
| 1980s | 10.7% | 9.3% | 1.4% | Kenya |
| 1990s | 15.0% | 13.1% | 1.9% | Kenya |
| 2000s | 5.3% | 12.7% | 7.3% | Nigeria |
| 2010s | 8.0% | 8.3% | 0.3% | Nigeria |
| 2020s | 8.4% | 6.9% | 1.5% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Kenya or Nigeria?
- Kenya, at 12.0% against 11.3% in Nigeria as of 2024.
- What is the difference in deposit interest rate between Kenya and Nigeria?
- 0.7%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Nigeria?
- 53 years are reported by both, from 1970 to 2024.
- How do Kenya and Nigeria rank globally for deposit interest rate?
- Kenya ranks 12th and Nigeria ranks 13th of 153 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Deposit interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Deposit interest rate is the 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. This indicator is expressed as a percentage (a÷b)*100.