Deposit Rate, Percent per annum in Kenya
Kenya: Deposit Rate, Percent per annum was 11.98 in 2024. β² Rising
Deposit Rate, Percent per annum in Kenya, 1967β2024
Source: International Monetary Fund.
Analysis
Kenya recorded 11.98 for deposit rate, percent per annum in 2024.
Compared with earlier readings it is up 30.7% on the previous year and up 43.1% over ten years.
Over the whole period, deposit rate, percent per annum in Kenya peaked at 18.4 in 1998 and was at its lowest, 2.43, in 2004.
Kenya ranks 9th of 143 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.5 | 3.5 | 3.5 | 3 |
| 1970s | 4.4 | 3.5 | 5.13 | 10 |
| 1980s | 10.7 | 5.75 | 13.27 | 10 |
| 1990s | 14.97 | 9.55 | 18.4 | 8 |
| 2000s | 5.34 | 2.43 | 8.1 | 10 |
| 2010s | 8.01 | 4.56 | 11.57 | 10 |
| 2020s | 8.39 | 6.69 | 11.98 | 5 |
Countries ranked near Kenya
- 6 Russian Federation 14.62 compare
- 7 Honduras 12.44 compare
- 8 Madagascar, Republic of 12.08 compare
- 10 Nigeria 11.27 compare
- 11 Serbia, Republic of 11.2 compare
- 12 Georgia 10.59 compare
More financial sector data for Kenya
- Domestic credit to private sector by banks 29.7% (2024)
- Total reserves in months of imports 4.03 (2024)
- Net domestic credit 7.15 trillion current LCU (2023)
- Net foreign assets 796.06 billion current LCU (2023)
- Monetary Sector credit to private sector 31.8% (2023)
- Broad money 37.6% (2024)
- Claims on central government, etc. 22.4% (2023)
- Domestic credit to private sector 31.8% (2023)
- Official exchange rate 129.3 LCU per US$, period average (2025)
- Net migration -27,330 (2025)
Frequently asked questions
- What is deposit rate, percent per annum in Kenya?
- Deposit rate, percent per annum in Kenya was 11.98 in 2024, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Kenya?
- The highest recorded value was 18.4 in 1998.
- What is the lowest deposit rate, percent per annum recorded in Kenya?
- The lowest recorded value was 2.43 in 2004.
- How does Kenya rank for deposit rate, percent per annum?
- Kenya ranks 9th out of 143 countries with data for 2024.
- Is deposit rate, percent per annum rising or falling in Kenya?
- Over the last ten years it is up 43.1%. 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, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 56 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.