Domestic credit to private sector in Kenya
Kenya: Domestic credit to private sector was 31.8% in 2023. ▲ Rising
Domestic credit to private sector in Kenya, 1961–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Kenya is 31.8%, measured in 2023.
That represents a change of up 1.7% on the previous year and up 12.2% 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 116th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 63 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% |
| 2021 | 31.1% | -3.2% |
| 2022 | 31.3% | +0.4% |
| 2023 | 31.8% | +1.7% |
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 | 31.6% | 31.1% | 32.1% | 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 to private sector in Kenya?
- Domestic credit to private sector in Kenya was 31.8% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- 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 116th out of 187 countries with data for 2023.
- Is domestic credit to private sector rising or falling in Kenya?
- Over the last ten years it is up 12.2%. 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 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 by financial corporations, 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. The financial corporations include 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.