Deposit rate, Foreign Currency, Rate, Percent per annum in Kenya
Kenya: Deposit rate, Foreign Currency, Rate, Percent per annum was 4.7 in 2024. ▲ Rising
Deposit rate, Foreign Currency, Rate, Percent per annum in Kenya, 2004–2024
Source: International Monetary Fund.
Analysis
The most recent figure for deposit rate, foreign currency, rate, percent per annum in Kenya is 4.7, measured in 2024. That is the highest value across all 21 years on record.
That represents a change of up 22.6% on the previous year and up 82.0% over ten years.
Over the whole period, deposit rate, foreign currency, rate, percent per annum in Kenya peaked at 4.7 in 2024 and was at its lowest, 1.08, in 2010.
That places Kenya 3rd out of 39 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Deposit rate, Foreign Currency, Rate, Percent per annum in Kenya, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 1.62 | — |
| 2005 | 2.29 | +41.3% |
| 2006 | 3.39 | +48.0% |
| 2007 | 3.5 | +3.4% |
| 2008 | 3.2 | -8.5% |
| 2009 | 1.97 | -38.6% |
| 2010 | 1.08 | -45.0% |
| 2011 | 1.21 | +12.1% |
| 2012 | 1.27 | +4.8% |
| 2013 | 2.08 | +64.0% |
| 2014 | 2.58 | +23.9% |
| 2015 | 2.46 | -4.6% |
| 2016 | 1.89 | -23.2% |
| 2017 | 1.63 | -13.9% |
| 2018 | 2.14 | +31.6% |
| 2019 | 2.45 | +14.2% |
| 2020 | 2.27 | -7.3% |
| 2021 | 2.32 | +2.2% |
| 2022 | 2.26 | -2.5% |
| 2023 | 3.83 | +69.4% |
| 2024 | 4.7 | +22.6% |
Kenya compared with similar countries
- Kenya's 4.7 is above the median for lower middle income countries, which is 2.39, 2.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.66 | 1.62 | 3.5 | 6 |
| 2010s | 1.88 | 1.08 | 2.58 | 10 |
| 2020s | 3.08 | 2.26 | 4.7 | 5 |
Countries ranked near Kenya
- 1 Honduras 6.12 compare
- 2 El Salvador 5.29 compare
- 4 Dominican Republic 4.63 compare
- 5 Chile 4.42 compare
- 6 Democratic Republic of Congo 4.26 compare
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 deposit rate, foreign currency, rate, percent per annum in Kenya?
- Deposit rate, foreign currency, rate, percent per annum in Kenya was 4.7 in 2024, according to International Monetary Fund.
- What is the highest deposit rate, foreign currency, rate, percent per annum recorded in Kenya?
- The highest recorded value was 4.7 in 2024.
- What is the lowest deposit rate, foreign currency, rate, percent per annum recorded in Kenya?
- The lowest recorded value was 1.08 in 2010.
- How does Kenya rank for deposit rate, foreign currency, rate, percent per annum?
- Kenya ranks 3rd out of 39 countries with data for 2024.
- Is deposit rate, foreign currency, rate, percent per annum rising or falling in Kenya?
- Over the last ten years it is up 82.0%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from International Monetary Fund, published as part of Deposit rate, Foreign Currency, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.