Broad money growth in Kenya
Kenya: Broad money growth was 1.0% in 2024. ◆ Volatile
Broad money growth in Kenya, 1967–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Kenya recorded 1.0% for broad money growth in 2024.
That represents a change of down 94.9% on the previous year and down 96.2% over ten years.
Over the whole period, broad money growth in Kenya peaked at 48.9% in 1977 and was at its lowest, 0.8%, in 1980.
That places Kenya 154th out of 166 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Kenya, year by year
| Year | annual % | Change |
|---|---|---|
| 1967 | 10.7% | — |
| 1968 | 11.1% | +3.9% |
| 1969 | 18.6% | +67.8% |
| 1970 | 27.6% | +48.4% |
| 1971 | 7.5% | -72.7% |
| 1972 | 13.9% | +85.1% |
| 1973 | 24.7% | +77.1% |
| 1974 | 1.8% | -92.6% |
| 1975 | 20.2% | +1003.5% |
| 1976 | 25.0% | +23.5% |
| 1977 | 48.9% | +95.9% |
| 1978 | 16.0% | -67.2% |
| 1979 | 13.1% | -18.2% |
| 1980 | 0.8% | -94.0% |
| 1981 | 13.3% | +1594.7% |
| 1982 | 16.9% | +27.6% |
| 1983 | 4.9% | -70.8% |
| 1984 | 12.8% | +158.7% |
| 1985 | 6.3% | -50.4% |
| 1986 | 32.7% | +415.2% |
| 1987 | 11.1% | -66.0% |
| 1988 | 8.0% | -27.8% |
| 1989 | 12.9% | +60.7% |
| 1990 | 20.1% | +55.2% |
| 1991 | 19.6% | -2.4% |
| 1992 | 39.0% | +99.4% |
| 1993 | 28.0% | -28.2% |
| 1994 | 23.2% | -17.3% |
| 1995 | 29.0% | +25.1% |
| 1996 | 25.3% | -12.7% |
| 1997 | 20.2% | -20.3% |
| 1998 | 2.9% | -85.5% |
| 1999 | 6.5% | +121.3% |
| 2000 | 4.9% | -24.4% |
| 2001 | 5.6% | +14.9% |
| 2002 | 9.9% | +75.3% |
| 2003 | 11.8% | +19.2% |
| 2004 | 13.5% | +14.3% |
| 2005 | 9.9% | -26.5% |
| 2006 | 17.0% | +71.3% |
| 2007 | 20.4% | +20.3% |
| 2008 | 15.5% | -23.9% |
| 2009 | 16.5% | +5.8% |
| 2010 | 22.4% | +35.9% |
| 2011 | 19.2% | -14.4% |
| 2012 | 14.4% | -24.9% |
| 2013 | 15.3% | +6.2% |
| 2014 | 26.5% | +73.6% |
| 2015 | 16.1% | -39.4% |
| 2016 | 3.9% | -75.8% |
| 2017 | 9.0% | +131.6% |
| 2018 | 10.1% | +12.4% |
| 2019 | 6.0% | -40.6% |
| 2020 | 13.3% | +120.6% |
| 2021 | 6.2% | -53.1% |
| 2022 | 7.5% | +21.0% |
| 2023 | 19.9% | +164.0% |
| 2024 | 1.0% | -94.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.4% | 10.7% | 18.6% | 3 |
| 1970s | 19.9% | 1.8% | 48.9% | 10 |
| 1980s | 12.0% | 0.8% | 32.7% | 10 |
| 1990s | 21.4% | 2.9% | 39.0% | 10 |
| 2000s | 12.5% | 4.9% | 20.4% | 10 |
| 2010s | 14.3% | 3.9% | 26.5% | 10 |
| 2020s | 9.6% | 1.0% | 19.9% | 5 |
Countries ranked near Kenya
More financial sector data for Kenya
- Total reserves in months of imports, annual growth rate 28.36 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 20.02 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0657 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 155.28 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 17.24 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 157.28 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 17.25 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 157.31 SDR per person (2025)
Frequently asked questions
- What is broad money growth in Kenya?
- Broad money growth in Kenya was 1.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Kenya?
- The highest recorded value was 48.9% in 1977.
- What is the lowest broad money growth recorded in Kenya?
- The lowest recorded value was 0.8% in 1980.
- How does Kenya rank for broad money growth?
- Kenya ranks 154th out of 166 countries with data for 2024.
- Is broad money growth rising or falling in Kenya?
- Over the last ten years it is down 96.2%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.