Domestic credit provided by financial sector in Kenya
Kenya: Domestic credit provided by financial sector was 55.7% in 2023. ▲ Rising
Domestic credit provided by financial sector in Kenya, 2014–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, domestic credit provided by financial sector in Kenya stood at 55.7%.
The figure is up 0.5% on the previous year and up 11.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Kenya peaked at 55.9% in 2021 and was at its lowest, 49.0%, in 2019.
That places Kenya 39th out of 65 countries with data for 2023, putting it in the middle of the range.
Domestic credit provided by financial sector in Kenya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 50.0% | — |
| 2015 | 52.1% | +4.3% |
| 2016 | 51.5% | -1.2% |
| 2017 | 51.2% | -0.7% |
| 2018 | 49.3% | -3.6% |
| 2019 | 49.0% | -0.6% |
| 2020 | 55.0% | +12.2% |
| 2021 | 55.9% | +1.6% |
| 2022 | 55.4% | -0.8% |
| 2023 | 55.7% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 50.5% | 49.0% | 52.1% | 6 |
| 2020s | 55.5% | 55.0% | 55.9% | 4 |
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 domestic credit provided by financial sector in Kenya?
- Domestic credit provided by financial sector in Kenya was 55.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Kenya?
- The highest recorded value was 55.9% in 2021.
- What is the lowest domestic credit provided by financial sector recorded in Kenya?
- The lowest recorded value was 49.0% in 2019.
- How does Kenya rank for domestic credit provided by financial sector?
- Kenya ranks 39th out of 65 countries with data for 2023.
- Is domestic credit provided by financial sector rising or falling in Kenya?
- Over the last ten years it is up 11.5%. 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 Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.