Savings Rate, Percent per annum in Kenya
Kenya: Savings Rate, Percent per annum was 4.14 in 2024. ◆ Volatile
Savings Rate, Percent per annum in Kenya, 1981–2024
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.
Savings Rate, Percent per annum in Kenya, year by year
| Year | Value | Change |
|---|---|---|
| 1981 | 8 | — |
| 1982 | 10.62 | +32.8% |
| 1983 | 12.5 | +17.6% |
| 1984 | 11.62 | -7.0% |
| 1985 | 11 | -5.4% |
| 1986 | 11 | +0.0% |
| 1987 | 11 | +0.0% |
| 1988 | 10 | -9.1% |
| 1989 | 11.58 | +15.8% |
| 1990 | 13.25 | +14.4% |
| 1991 | 13.46 | +1.6% |
| 1992 | 13.63 | +1.2% |
| 1993 | 17.78 | +30.5% |
| 1994 | 20.8 | +17.0% |
| 1995 | 12.77 | -38.6% |
| 1996 | 13.45 | +5.3% |
| 1997 | 11.87 | -11.7% |
| 1998 | 10.29 | -13.3% |
| 1999 | 5.45 | -47.0% |
| 2000 | 4.95 | -9.3% |
| 2001 | 4.52 | -8.7% |
| 2002 | 3.84 | -15.0% |
| 2003 | 2.41 | -37.1% |
| 2004 | 1.17 | -51.4% |
| 2005 | 1.19 | +1.6% |
| 2006 | 1.34 | +12.5% |
| 2007 | 1.55 | +15.5% |
| 2008 | 1.7 | +9.4% |
| 2009 | 1.84 | +8.3% |
| 2010 | 1.63 | -11.2% |
| 2011 | 1.38 | -15.4% |
| 2012 | 1.6 | +16.2% |
| 2013 | 1.59 | -0.5% |
| 2014 | 1.62 | +1.4% |
| 2015 | 1.59 | -1.6% |
| 2016 | 2.92 | +83.6% |
| 2017 | 6.29 | +115.3% |
| 2018 | 6.37 | +1.2% |
| 2019 | 4.7 | -26.2% |
| 2020 | 3.89 | -17.3% |
| 2021 | 2.73 | -29.7% |
| 2022 | 2.96 | +8.4% |
| 2023 | 3.84 | +29.6% |
| 2024 | 4.14 | +7.8% |
Kenya compared with similar countries
- Kenya's 4.14 is above the median for lower middle income countries, which is 2.8, 1.5× the median. (18 countries reporting)
- Kenya's 4.14 is above the median for Sub-Saharan Africa, which is 2.92, 1.4× the median. (14 countries reporting)
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
- 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 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.