Domestic credit to private sector in Kenya
Kenya: Domestic credit to private sector was 32.1% in 2020. ▲ Rising
Domestic credit to private sector in Kenya, 1961–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Kenya recorded 32.1% for domestic credit to private sector in 2020.
That represents a change of up 4.3% on the previous year and up 34.0% over ten years.
Over the whole period, domestic credit to private sector in Kenya peaked at 36.7% in 2015 and was at its lowest, 11.8%, in 1962.
Kenya ranks 119th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Domestic credit to private sector in Kenya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 12.3% | — |
| 1962 | 11.8% | -4.1% |
| 1963 | 13.2% | +11.6% |
| 1964 | 13.7% | +3.9% |
| 1965 | 13.8% | +0.5% |
| 1966 | 12.6% | -8.4% |
| 1967 | 14.6% | +15.6% |
| 1968 | 12.9% | -11.6% |
| 1969 | 12.7% | -1.2% |
| 1970 | 15.1% | +18.8% |
| 1971 | 17.4% | +15.3% |
| 1972 | 16.5% | -5.4% |
| 1973 | 17.9% | +8.5% |
| 1974 | 18.0% | +0.5% |
| 1975 | 17.3% | -3.6% |
| 1976 | 16.8% | -2.9% |
| 1977 | 17.5% | +4.1% |
| 1978 | 21.7% | +24.0% |
| 1979 | 21.0% | -3.4% |
| 1980 | 21.8% | +4.0% |
| 1981 | 21.0% | -3.7% |
| 1982 | 20.4% | -2.7% |
| 1983 | 19.3% | -5.5% |
| 1984 | 19.0% | -1.7% |
| 1985 | 19.3% | +1.8% |
| 1986 | 19.3% | -0.1% |
| 1987 | 18.4% | -4.6% |
| 1988 | 18.9% | +2.8% |
| 1989 | 19.2% | +1.6% |
| 1990 | 18.7% | -3.0% |
| 1991 | 20.0% | +7.0% |
| 1992 | 22.2% | +11.0% |
| 1993 | 18.5% | -16.5% |
| 1994 | 19.8% | +7.2% |
| 1995 | 25.8% | +30.1% |
| 1996 | 21.7% | -16.0% |
| 1997 | 24.4% | +12.3% |
| 1998 | 24.0% | -1.6% |
| 1999 | 26.6% | +10.9% |
| 2000 | 25.8% | -3.1% |
| 2001 | 25.2% | -2.1% |
| 2002 | 25.9% | +2.5% |
| 2003 | 25.2% | -2.7% |
| 2004 | 27.3% | +8.5% |
| 2005 | 26.3% | -3.7% |
| 2006 | 22.9% | -12.9% |
| 2007 | 23.0% | +0.7% |
| 2008 | 25.4% | +10.1% |
| 2009 | 21.9% | -13.8% |
| 2010 | 24.0% | +9.7% |
| 2011 | 27.4% | +14.1% |
| 2012 | 26.4% | -3.5% |
| 2013 | 28.3% | +7.3% |
| 2014 | 34.5% | +21.8% |
| 2015 | 36.7% | +6.3% |
| 2016 | 35.6% | -3.1% |
| 2017 | 33.2% | -6.8% |
| 2018 | 31.2% | -5.9% |
| 2019 | 30.8% | -1.2% |
| 2020 | 32.1% | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.1% | 11.8% | 14.6% | 9 |
| 1970s | 17.9% | 15.1% | 21.7% | 10 |
| 1980s | 19.7% | 18.4% | 21.8% | 10 |
| 1990s | 22.1% | 18.5% | 26.6% | 10 |
| 2000s | 24.9% | 21.9% | 27.3% | 10 |
| 2010s | 30.8% | 24.0% | 36.7% | 10 |
| 2020s | 32.1% | 32.1% | 32.1% | 1 |
Countries ranked near Kenya
- 116 Belarus 32.5% compare
- 117 Ireland 32.4% compare
- 118 Solomon Islands 32.4% compare
- 120 Dominican Republic 30.5% compare
- 121 Nicaragua 30.1% compare
- 122 Venezuela, Bolivarian Republic of 29.9% 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 domestic credit to private sector in Kenya?
- Domestic credit to private sector in Kenya was 32.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Kenya?
- The highest recorded value was 36.7% in 2015.
- What is the lowest domestic credit to private sector recorded in Kenya?
- The lowest recorded value was 11.8% in 1962.
- How does Kenya rank for domestic credit to private sector?
- Kenya ranks 119th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Kenya?
- Over the last ten years it is up 34.0%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.