Borrowers from commercial banks (per 1,000 adults) in Kenya
Kenya: Borrowers from commercial banks (per 1,000 adults) was 324.9 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Kenya, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Kenya is 324.9 per 1,000 adults, measured in 2024.
Compared with earlier readings it is down 12.9% on the previous year and up 98.0% over ten years.
Over the whole period, borrowers from commercial banks in Kenya peaked at 429.86 per 1,000 adults in 2022 and was at its lowest, 20.66 per 1,000 adults, in 2004.
Kenya ranks 36th of 113 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks (per 1,000 adults) in Kenya, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 20.66 per 1,000 adults | — |
| 2005 | 27.69 per 1,000 adults | +34.0% |
| 2006 | 41.15 per 1,000 adults | +48.6% |
| 2007 | 56.81 per 1,000 adults | +38.1% |
| 2008 | 62.6 per 1,000 adults | +10.2% |
| 2009 | 73.26 per 1,000 adults | +17.0% |
| 2010 | 76.49 per 1,000 adults | +4.4% |
| 2011 | 82.29 per 1,000 adults | +7.6% |
| 2012 | 82.26 per 1,000 adults | -0.0% |
| 2013 | 119.04 per 1,000 adults | +44.7% |
| 2014 | 164.09 per 1,000 adults | +37.8% |
| 2015 | 226.33 per 1,000 adults | +37.9% |
| 2016 | 277.51 per 1,000 adults | +22.6% |
| 2017 | 245.08 per 1,000 adults | -11.7% |
| 2018 | 240.19 per 1,000 adults | -2.0% |
| 2019 | 271.12 per 1,000 adults | +12.9% |
| 2020 | 360.2 per 1,000 adults | +32.9% |
| 2021 | 398.92 per 1,000 adults | +10.7% |
| 2022 | 429.86 per 1,000 adults | +7.8% |
| 2023 | 373.19 per 1,000 adults | -13.2% |
| 2024 | 324.9 per 1,000 adults | -12.9% |
Kenya compared with similar countries
- Kenya's 324.9 per 1,000 adults is above the median for lower middle income countries, which is 58.55 per 1,000 adults, 5.5× the median. (35 countries reporting)
- Kenya's 324.9 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 5.9× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.03 per 1,000 adults | 20.66 per 1,000 adults | 73.26 per 1,000 adults | 6 |
| 2010s | 178.44 per 1,000 adults | 76.49 per 1,000 adults | 277.51 per 1,000 adults | 10 |
| 2020s | 377.41 per 1,000 adults | 324.9 per 1,000 adults | 429.86 per 1,000 adults | 5 |
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 borrowers from commercial banks in Kenya?
- Borrowers from commercial banks in Kenya was 324.9 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Kenya?
- The highest recorded value was 429.86 per 1,000 adults in 2022.
- What is the lowest borrowers from commercial banks recorded in Kenya?
- The lowest recorded value was 20.66 per 1,000 adults in 2004.
- How does Kenya rank for borrowers from commercial banks?
- Kenya ranks 36th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Kenya?
- Over the last ten years it is up 98.0%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.