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Kenya Private Credit (% GDP)

Kenya's private credit (% GDP) rose to 31.64% in 2023, up from 31.26% in 2022, according to World Bank. This represents an increase of 0.38% from the previous year. Kenya has private credit (% GDP) lower than the global median (31.64% vs median 39.47%). Compared with the median in Africa, Kenya is higher (31.64% vs regional median 16.64%) and ranks 9th out of 51 countries in Africa.

Yearly Historical Data (1961-2023)

(in %)
Year Private Credit (% GDP)
2023 31.64%
2022 31.26%
2021 31.12%
2020 32.15%
2019 30.83%
2018 31.2%
2017 33.15%
2016 35.57%
2015 36.7%
2014 34.52%
2013 28.33%
2012 26.4%
2011 27.37%
2010 23.99%
2009 21.87%
2008 25.38%
2007 23.04%
2006 22.89%
2005 26.28%
2004 27.29%
2003 25.16%
2002 25.85%
2001 25.22%
2000 25.76%
1999 26.57%
1998 23.96%
1997 24.36%
1996 21.68%
1995 25.81%
1994 19.83%
1993 18.5%
1992 22.15%
1991 19.96%
1990 18.66%
1989 19.22%
1988 18.93%
1987 18.42%
1986 19.31%
1985 19.33%
1984 18.99%
1983 19.32%
1982 20.44%
1981 21%
1980 21.81%
1979 20.97%
1978 21.71%
1977 17.51%
1976 16.83%
1975 17.33%
1974 17.98%
1973 17.89%
1972 16.49%
1971 17.43%
1970 15.12%
1969 12.73%
1968 12.89%
1967 14.58%
1966 12.61%
1965 13.76%
1964 13.69%
1963 13.18%
1962 11.8%
1961 12.31%
Kenya Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Kenya.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -3.6% -4% Dec'24
Debt to GDP Ratio 65.5% 72% Dec'24
Interest Rate 9.25% 9.5% Oct'25