Account ownership at a financial institution or with a in Kenya
Kenya: Account ownership at a financial institution or with a was 93.9% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Kenya, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
Kenya recorded 93.9% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
The figure is up 12.8% on the previous year and up 19.4% over ten years.
Over the whole period, account ownership at a financial institution or with a in Kenya peaked at 93.9% in 2024 and was at its lowest, 45.6%, in 2011.
That places Kenya 30th out of 106 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution or with a in Kenya, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 45.6% | — |
| 2014 | 78.7% | +72.3% |
| 2017 | 85.8% | +9.1% |
| 2021 | 83.2% | -3.0% |
| 2024 | 93.9% | +12.8% |
Kenya compared with similar countries
- Kenya's 93.9% is above the median for lower middle income countries, which is 60.3%, 1.6× the median. (22 countries reporting)
- Kenya's 93.9% is above the median for Sub-Saharan Africa, which is 69.4%, 1.4× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 70.0% | 45.6% | 85.8% | 3 |
| 2020s | 88.6% | 83.2% | 93.9% | 2 |
Countries ranked near Kenya
More financial sector data for Kenya
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.3189 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.2328 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.3189 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Kenya?
- Account ownership at a financial institution or with a in Kenya was 93.9% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Kenya?
- The highest recorded value was 93.9% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Kenya?
- The lowest recorded value was 45.6% in 2011.
- How does Kenya rank for account ownership at a financial institution or with a?
- Kenya ranks 30th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Kenya?
- Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, male (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (male, % age 15+).