Stock market capitalization to GDP in Kenya

Kenya: Stock market capitalization to GDP was 21.3% in 2020. ▲ Rising

Latest (2020)
21.3%
Change on year
down 14.9%
World rank
63rd
of 91 countries
All-time high
44.1%
in 2006
All-time low
8.0%
in 2001
Years of data
20
1993–2020

Stock market capitalization to GDP in Kenya, 1993–2020

102030401993200620201993: 18.5 %1994: 42.6 %1995: 22.3 %1996: 14.9 %1997: 13.8 %1998: 14.8 %2000: 9.9 %2001: 8 %2002: 10.9 %2003: 28.1 %2004: 24.2 %2005: 34.1 %2006: 44.1 %2007: 41.8 %2008: 30.2 %2009: 25.9 %2010: 31.8 %2011: 21.8 %2019: 25 %2020: 21.3 %

Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.

Analysis

In 2020, stock market capitalization to gdp in Kenya stood at 21.3%.

The figure is down 14.9% on the previous year and down 33.3% over ten years.

Over the whole period, stock market capitalization to gdp in Kenya peaked at 44.1% in 2006 and was at its lowest, 8.0%, in 2001.

Kenya ranks 63rd of 91 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 20 years of available data.

Stock market capitalization to GDP in Kenya, year by year

Annual values for Stock market capitalization to GDP (%) in Kenya, 1993 to 2020.
Year % Change
1993 18.5%
1994 42.6% +130.6%
1995 22.3% -47.7%
1996 14.9% -33.0%
1997 13.8% -7.4%
1998 14.8% +7.2%
2000 9.9% -33.3%
2001 8.0% -18.5%
2002 10.9% +35.2%
2003 28.1% +157.8%
2004 24.2% -13.9%
2005 34.1% +40.9%
2006 44.1% +29.3%
2007 41.8% -5.2%
2008 30.2% -27.6%
2009 25.9% -14.4%
2010 31.8% +23.0%
2011 21.8% -31.7%
2019 25.0% +14.7%
2020 21.3% -14.9%

Averages by decade

DecadeAverage LowestHighest Years
1990s 21.2% 13.8% 42.6% 6
2000s 25.7% 8.0% 44.1% 10
2010s 26.2% 21.8% 31.8% 3
2020s 21.3% 21.3% 21.3% 1

Countries ranked near Kenya

  1. 60 Bangladesh 24.0% compare
  2. 61 Oman 22.3% compare
  3. 62 Palestine 22.2% compare
  4. 64 Tunisia 20.2% compare
  5. 65 Sri Lanka 19.7% compare
  6. 66 Cyprus 19.0% compare

See the full ranking of 91 places →

More financial sector data for Kenya

All data for Kenya →

Frequently asked questions

What is stock market capitalization to gdp in Kenya?
Stock market capitalization to gdp in Kenya was 21.3% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
What is the highest stock market capitalization to gdp recorded in Kenya?
The highest recorded value was 44.1% in 2006.
What is the lowest stock market capitalization to gdp recorded in Kenya?
The lowest recorded value was 8.0% in 2001.
How does Kenya rank for stock market capitalization to gdp?
Kenya ranks 63rd out of 91 countries with data for 2020.
Is stock market capitalization to gdp rising or falling in Kenya?
Over the last ten years it is down 33.3%. The long-run trend across the full record is rising.
Where does this Kenya data come from?
The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market capitalization to GDP (%). Statizoid updates them automatically from the source API.

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Stock market capitalization to GDP in Kenya. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 29 August 2026, from https://financial-sector.statizoid.com/stat/stock-market-capitalization-to-gdp-percent/kenya/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. 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).