Broad money in Kenya
Kenya: Broad money was 37.6% in 2024. ▲ Rising
Broad money in Kenya, 1966–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Kenya is 37.6%, measured in 2024.
That represents a change of down 6.4% on the previous year and down 11.1% over ten years.
Over the whole period, broad money in Kenya peaked at 42.8% in 2015 and was at its lowest, 22.7%, in 1966.
That places Kenya 123rd out of 166 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Broad money in Kenya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1966 | 22.7% | — |
| 1967 | 23.7% | +4.6% |
| 1968 | 24.0% | +1.2% |
| 1969 | 26.4% | +10.0% |
| 1970 | 30.6% | +16.0% |
| 1971 | 29.7% | -3.0% |
| 1972 | 28.5% | -3.8% |
| 1973 | 30.5% | +6.9% |
| 1974 | 25.7% | -15.7% |
| 1975 | 27.4% | +6.6% |
| 1976 | 28.2% | +2.9% |
| 1977 | 32.8% | +16.4% |
| 1978 | 34.5% | +5.3% |
| 1979 | 34.4% | -0.5% |
| 1980 | 29.9% | -12.9% |
| 1981 | 29.5% | -1.5% |
| 1982 | 30.4% | +3.2% |
| 1983 | 28.2% | -7.4% |
| 1984 | 28.3% | +0.6% |
| 1985 | 26.7% | -5.9% |
| 1986 | 30.4% | +13.9% |
| 1987 | 30.2% | -0.5% |
| 1988 | 28.9% | -4.4% |
| 1989 | 28.4% | -1.7% |
| 1990 | 29.6% | +4.1% |
| 1991 | 31.0% | +4.7% |
| 1992 | 36.5% | +17.9% |
| 1993 | 37.1% | +1.5% |
| 1994 | 38.0% | +2.6% |
| 1995 | 42.2% | +11.1% |
| 1996 | 35.8% | -15.3% |
| 1997 | 38.4% | +7.4% |
| 1998 | 35.8% | -6.8% |
| 1999 | 35.8% | -0.1% |
| 2000 | 35.2% | -1.7% |
| 2001 | 35.2% | +0.2% |
| 2002 | 38.2% | +8.3% |
| 2003 | 39.0% | +2.3% |
| 2004 | 39.3% | +0.8% |
| 2005 | 38.9% | -1.1% |
| 2006 | 34.6% | -11.1% |
| 2007 | 36.1% | +4.2% |
| 2008 | 36.1% | +0.1% |
| 2009 | 31.9% | -11.7% |
| 2010 | 35.5% | +11.4% |
| 2011 | 36.6% | +3.0% |
| 2012 | 36.5% | -0.1% |
| 2013 | 37.8% | +3.5% |
| 2014 | 42.3% | +11.9% |
| 2015 | 42.8% | +1.2% |
| 2016 | 40.3% | -5.8% |
| 2017 | 39.4% | -2.4% |
| 2018 | 39.4% | +0.0% |
| 2019 | 38.1% | -3.3% |
| 2020 | 41.2% | +8.2% |
| 2021 | 39.0% | -5.4% |
| 2022 | 37.4% | -4.1% |
| 2023 | 40.2% | +7.6% |
| 2024 | 37.6% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.2% | 22.7% | 26.4% | 4 |
| 1970s | 30.2% | 25.7% | 34.5% | 10 |
| 1980s | 29.1% | 26.7% | 30.4% | 10 |
| 1990s | 36.0% | 29.6% | 42.2% | 10 |
| 2000s | 36.4% | 31.9% | 39.3% | 10 |
| 2010s | 38.9% | 35.5% | 42.8% | 10 |
| 2020s | 39.1% | 37.4% | 41.2% | 5 |
Countries ranked near Kenya
- 120 Pakistan 40.9% compare
- 121 Nicaragua 39.3% compare
- 122 Azerbaijan 38.6% compare
- 124 Afghanistan 37.5% compare
- 125 Guinea-Bissau 37.2% compare
- 126 Laos 36.2% compare
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 in Kenya?
- Broad money in Kenya was 37.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Kenya?
- The highest recorded value was 42.8% in 2015.
- What is the lowest broad money recorded in Kenya?
- The lowest recorded value was 22.7% in 1966.
- How does Kenya rank for broad money?
- Kenya ranks 123rd out of 166 countries with data for 2024.
- Is broad money rising or falling in Kenya?
- Over the last ten years it is down 11.1%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.