Interest payments in Kenya
Kenya: Interest payments was 16.4% in 2023. ▲ Rising
Interest payments in Kenya, 2014–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Kenya stood at 16.4%.
Compared with earlier readings it is down 4.2% on the previous year and up 52.7% over ten years.
Over the whole period, interest payments in Kenya peaked at 20.5% in 2020 and was at its lowest, 10.7%, in 2014.
That places Kenya 21st out of 152 countries with data for 2023, putting it in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.5% | 10.7% | 19.6% | 6 |
| 2020s | 17.9% | 16.4% | 20.5% | 4 |
Countries ranked near Kenya
More public sector data for Kenya
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.1% (2023)
- Taxes on income, profits and capital gains 33.3% (2023)
- Taxes on goods and services 33.5% (2023)
- Net investment in nonfinancial assets 6.9% (2023)
- Net lending (+) / net borrowing (-) -10.0% (2023)
- Interest payments 24.3% (2023)
- Grants and other revenue 21.3% (2023)
- Other taxes 0.0% (2021)
- Compensation of employees 18.4% (2023)
Frequently asked questions
- What is interest payments in Kenya?
- Interest payments in Kenya was 16.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Kenya?
- The highest recorded value was 20.5% in 2020.
- What is the lowest interest payments recorded in Kenya?
- The lowest recorded value was 10.7% in 2014.
- How does Kenya rank for interest payments?
- Kenya ranks 21st out of 152 countries with data for 2023.
- Is interest payments rising or falling in Kenya?
- Over the last ten years it is up 52.7%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.