Savings Rate, Percent per annum in Kenya
Kenya: Savings Rate, Percent per annum was 4.14 in 2024. β Volatile
Savings Rate, Percent per annum in Kenya, 1981β2024
Source: International Monetary Fund.
Analysis
The most recent figure for savings rate, percent per annum in Kenya is 4.14, measured in 2024.
That represents a change of up 7.8% on the previous year and up 155.8% over ten years.
Over the whole period, savings rate, percent per annum in Kenya peaked at 20.8 in 1994 and was at its lowest, 1.17, in 2004.
That places Kenya 13th out of 63 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.81 | 8 | 12.5 | 9 |
| 1990s | 13.28 | 5.45 | 20.8 | 10 |
| 2000s | 2.45 | 1.17 | 4.95 | 10 |
| 2010s | 2.97 | 1.38 | 6.37 | 10 |
| 2020s | 3.51 | 2.73 | 4.14 | 5 |
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)
- Domestic credit to private sector by banks 29.7% (2024)
Frequently asked questions
- What is savings rate, percent per annum in Kenya?
- Savings rate, percent per annum in Kenya was 4.14 in 2024, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Kenya?
- The highest recorded value was 20.8 in 1994.
- What is the lowest savings rate, percent per annum recorded in Kenya?
- The lowest recorded value was 1.17 in 2004.
- How does Kenya rank for savings rate, percent per annum?
- Kenya ranks 13th out of 63 countries with data for 2024.
- Is savings rate, percent per annum rising or falling in Kenya?
- Over the last ten years it is up 155.8%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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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.