Private credit by deposit money banks to GDP in Kenya
Kenya: Private credit by deposit money banks to GDP was 30.9% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Kenya, 1961–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Kenya stood at 30.9%.
That represents a change of down 3.4% on the previous year and up 13.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Kenya peaked at 36.6% in 2015 and was at its lowest, 11.8%, in 1962.
Kenya ranks 115th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Private credit by deposit money banks to GDP in Kenya, year by year
| Year | % | 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 | 25.6% | +29.2% |
| 1996 | 21.5% | -16.1% |
| 1997 | 24.2% | +12.6% |
| 1998 | 23.8% | -1.7% |
| 1999 | 26.4% | +10.9% |
| 2000 | 25.6% | -3.0% |
| 2001 | 25.1% | -2.1% |
| 2002 | 25.7% | +2.5% |
| 2003 | 25.0% | -2.8% |
| 2004 | 27.1% | +8.6% |
| 2005 | 26.1% | -3.7% |
| 2006 | 22.8% | -12.9% |
| 2007 | 22.9% | +0.7% |
| 2008 | 25.3% | +10.2% |
| 2009 | 21.8% | -13.8% |
| 2010 | 23.9% | +9.7% |
| 2011 | 27.2% | +13.9% |
| 2012 | 26.4% | -3.2% |
| 2013 | 28.3% | +7.2% |
| 2014 | 34.5% | +21.9% |
| 2015 | 36.6% | +6.3% |
| 2016 | 35.5% | -3.1% |
| 2017 | 33.1% | -6.8% |
| 2018 | 31.2% | -5.9% |
| 2019 | 30.7% | -1.3% |
| 2020 | 32.0% | +4.1% |
| 2021 | 30.9% | -3.4% |
Kenya compared with similar countries
- Kenya's 30.9% is above the median for lower middle income countries, which is 22.2%, 1.4× the median. (46 countries reporting)
- Kenya's 30.9% is above the median for Sub-Saharan Africa, which is 15.4%, 2.0× the median. (47 countries reporting)
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% | 26.4% | 10 |
| 2000s | 24.7% | 21.8% | 27.1% | 10 |
| 2010s | 30.7% | 23.9% | 36.6% | 10 |
| 2020s | 31.5% | 30.9% | 32.0% | 2 |
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 private credit by deposit money banks to gdp in Kenya?
- Private credit by deposit money banks to gdp in Kenya was 30.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Kenya?
- The highest recorded value was 36.6% in 2015.
- What is the lowest private credit by deposit money banks to gdp recorded in Kenya?
- The lowest recorded value was 11.8% in 1962.
- How does Kenya rank for private credit by deposit money banks to gdp?
- Kenya ranks 115th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Kenya?
- Over the last ten years it is up 13.5%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).