Bank deposits to GDP in Kenya
Kenya: Bank deposits to GDP was 35.9% in 2021. ▲ Rising
Bank deposits to GDP in Kenya, 1961–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Kenya recorded 35.9% for bank deposits to gdp in 2021.
That represents a change of down 5.5% on the previous year and up 9.0% over ten years.
Over the whole period, bank deposits to gdp in Kenya peaked at 39.2% in 2015 and was at its lowest, 13.4%, in 1964.
Kenya ranks 130th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Bank deposits to GDP in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 1961 | 15.3% | — |
| 1962 | 14.7% | -3.9% |
| 1963 | 14.1% | -3.8% |
| 1964 | 13.4% | -4.8% |
| 1965 | 17.0% | +26.9% |
| 1966 | 17.9% | +5.0% |
| 1967 | 18.5% | +3.3% |
| 1968 | 18.9% | +2.2% |
| 1969 | 19.7% | +4.4% |
| 1970 | 22.3% | +13.2% |
| 1971 | 21.9% | -1.5% |
| 1972 | 21.1% | -3.8% |
| 1973 | 23.0% | +8.9% |
| 1974 | 20.4% | -11.4% |
| 1975 | 22.0% | +8.1% |
| 1976 | 22.7% | +3.2% |
| 1977 | 26.8% | +18.0% |
| 1978 | 28.6% | +6.8% |
| 1979 | 28.2% | -1.2% |
| 1980 | 25.1% | -11.2% |
| 1981 | 24.6% | -2.0% |
| 1982 | 25.0% | +1.5% |
| 1983 | 23.4% | -6.4% |
| 1984 | 23.6% | +1.2% |
| 1985 | 23.0% | -2.7% |
| 1986 | 25.1% | +9.1% |
| 1987 | 24.4% | -2.7% |
| 1988 | 23.8% | -2.7% |
| 1989 | 24.5% | +2.9% |
| 1990 | 24.1% | -1.5% |
| 1991 | 25.4% | +5.4% |
| 1992 | 29.0% | +14.1% |
| 1993 | 29.4% | +1.4% |
| 1994 | 31.2% | +6.1% |
| 1995 | 35.7% | +14.6% |
| 1996 | 30.6% | -14.4% |
| 1997 | 32.6% | +6.7% |
| 1998 | 30.3% | -7.1% |
| 1999 | 30.0% | -1.1% |
| 2000 | 29.6% | -1.2% |
| 2001 | 30.8% | +4.0% |
| 2002 | 32.9% | +7.0% |
| 2003 | 34.1% | +3.5% |
| 2004 | 34.4% | +0.9% |
| 2005 | 34.2% | -0.6% |
| 2006 | 30.5% | -10.9% |
| 2007 | 31.6% | +3.6% |
| 2008 | 32.3% | +2.3% |
| 2009 | 28.8% | -11.0% |
| 2010 | 31.8% | +10.4% |
| 2011 | 33.0% | +3.8% |
| 2012 | 33.1% | +0.5% |
| 2013 | 33.4% | +0.9% |
| 2014 | 38.5% | +15.4% |
| 2015 | 39.2% | +1.8% |
| 2016 | 36.9% | -5.9% |
| 2017 | 36.3% | -1.7% |
| 2018 | 36.2% | -0.2% |
| 2019 | 35.4% | -2.1% |
| 2020 | 38.0% | +7.3% |
| 2021 | 35.9% | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.6% | 13.4% | 19.7% | 9 |
| 1970s | 23.7% | 20.4% | 28.6% | 10 |
| 1980s | 24.2% | 23.0% | 25.1% | 10 |
| 1990s | 29.8% | 24.1% | 35.7% | 10 |
| 2000s | 31.9% | 28.8% | 34.4% | 10 |
| 2010s | 35.4% | 31.8% | 39.2% | 10 |
| 2020s | 37.0% | 35.9% | 38.0% | 2 |
Countries ranked near Kenya
More financial sector data for Kenya
- Net domestic credit (current LCU), per capita 129,188 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 66.5 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 12.6 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 19,618 SDR (2025)
- Gold reserves at market value 1.79 million SDR (2025)
- Reserves excluding gold, foreign exchange 8.93 billion SDR (2025)
- Reserves excluding gold 9.05 billion SDR (2025)
- Total reserves (gold at market value) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 157.31 SDR per person (2025)
Frequently asked questions
- What is bank deposits to gdp in Kenya?
- Bank deposits to gdp in Kenya was 35.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Kenya?
- The highest recorded value was 39.2% in 2015.
- What is the lowest bank deposits to gdp recorded in Kenya?
- The lowest recorded value was 13.4% in 1964.
- How does Kenya rank for bank deposits to gdp?
- Kenya ranks 130th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Kenya?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).