Monetary Sector credit to private sector in Kenya
Kenya: Monetary Sector credit to private sector was 31.8% in 2023. ▲ Rising
Monetary Sector credit to private sector in Kenya, 1961–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
The most recent figure for monetary sector 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, monetary sector credit to private sector in Kenya peaked at 36.7% in 2015 and was at its lowest, 11.8%, in 1962.
That places Kenya 110th out of 186 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 63 years of available data.
Monetary Sector credit to private sector in Kenya, year by year
| Year | % 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
- Net domestic credit (current LCU), per capita 129,188 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 66.5 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 12.6 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 19,618 SDR (2025)
- Gold reserves at market value 1.79 million SDR (2025)
- Reserves excluding gold, foreign exchange 8.93 billion SDR (2025)
- Reserves excluding gold 9.05 billion SDR (2025)
- Total reserves (gold at market value) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 157.31 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Kenya?
- Monetary sector 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 monetary sector credit to private sector recorded in Kenya?
- The highest recorded value was 36.7% in 2015.
- What is the lowest monetary sector credit to private sector recorded in Kenya?
- The lowest recorded value was 11.8% in 1962.
- How does Kenya rank for monetary sector credit to private sector?
- Kenya ranks 110th out of 186 countries with data for 2023.
- Is monetary sector 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 Monetary Sector credit to private sector (% 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. 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.