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Kenya Debt to GDP Ratio

Kenya's government debt-to-GDP ratio fell to 65.5% in 2024, down from 72% in 2023. This is the lowest level since 2020. The decrease results from fiscal consolidation with the deficit expected to shrink from 5.7% in FY 2023/24 to 3.3% in FY 2024/25. Revenue enhancement strategies and proactive debt management including early Eurobond repayments, also support fiscal sustainability. Kenya's record low government debt to gdp was 39.8% in 2013 and record high was 72% in 2023.

Yearly Historical Data (2013-2024)

(in %)
Year Debt to GDP Ratio
2024 65.5%
2023 72%
2022 66.7%
2021 68.4%
2020 63.6%
2019 59.6%
2018 56.5%
2017 57.5%
2016 53.8%
2015 48.8%
2014 44.2%
2013 39.8%
Kenya Debt to GDP Ratio : Definition
Kenya's government debt-to-GDP ratio shows its debt relative to economic output. It's calculated as total government debt divided by gross domestic product and the result is expressed as a percentage. A high ratio can signal repayment challenges.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -3.6% -4% Dec'24
Interest Rate 9.25% 9.5% Oct'25
Private Credit (% GDP) 31.64% 31.26% 2023