Lending Rate, Percent per annum in Kenya
Kenya: Lending Rate, Percent per annum was 16.59 in 2024. β² Rising
Lending Rate, Percent per annum in Kenya, 1971β2024
Source: International Monetary Fund.
Analysis
In 2024, lending rate, percent per annum in Kenya stood at 16.59.
Compared with earlier readings it is up 22.1% on the previous year and up 0.5% over ten years.
Over the whole period, lending rate, percent per annum in Kenya peaked at 36.24 in 1994 and was at its lowest, 9, in 1971.
That places Kenya 24th out of 144 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 54 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.61 | 9 | 10 | 9 |
| 1980s | 14.2 | 10.58 | 17.25 | 10 |
| 1990s | 26.97 | 18.75 | 36.24 | 10 |
| 2000s | 15.82 | 12.53 | 22.34 | 10 |
| 2010s | 15.48 | 12.44 | 19.72 | 10 |
| 2020s | 13.32 | 12 | 16.59 | 5 |
Countries ranked near Kenya
- 21 Russian Federation 17.09 compare
- 22 Mauritania, Islamic Republic of 17 compare
- 23 Tanzania, United Republic of 16.68 compare
- 25 Rwanda 16.02 compare
- 26 Mongolia 16.01 compare
- 27 Georgia 15.91 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 lending rate, percent per annum in Kenya?
- Lending rate, percent per annum in Kenya was 16.59 in 2024, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Kenya?
- The highest recorded value was 36.24 in 1994.
- What is the lowest lending rate, percent per annum recorded in Kenya?
- The lowest recorded value was 9 in 1971.
- How does Kenya rank for lending rate, percent per annum?
- Kenya ranks 24th out of 144 countries with data for 2024.
- Is lending rate, percent per annum rising or falling in Kenya?
- Over the last ten years it is up 0.5%. 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 Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 54 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.