Monetary Sector credit to private sector in Kenya
Kenya: Monetary Sector credit to private sector was 31.8% in 2023. ▲ Rising
Monetary Sector credit to private sector in Kenya, 1961–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
The most recent figure for monetary sector credit to private sector in Kenya is 31.8%, measured in 2023.
That represents a change of up 1.7% on the previous year and up 12.2% over ten years.
Over the whole period, monetary sector credit to private sector in Kenya peaked at 36.7% in 2015 and was at its lowest, 11.8%, in 1962.
That places Kenya 110th out of 186 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 63 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.1% | 11.8% | 14.6% | 9 |
| 1970s | 17.9% | 15.1% | 21.7% | 10 |
| 1980s | 19.7% | 18.4% | 21.8% | 10 |
| 1990s | 22.1% | 18.5% | 26.6% | 10 |
| 2000s | 24.9% | 21.9% | 27.3% | 10 |
| 2010s | 30.8% | 24.0% | 36.7% | 10 |
| 2020s | 31.6% | 31.1% | 32.1% | 4 |
Countries ranked near Kenya
More financial sector data for Kenya
- Domestic credit to private sector 31.8% (2023)
- Claims on central government, etc. 22.4% (2023)
- Broad money 37.6% (2024)
- Net foreign assets 796.06 billion current LCU (2023)
- Net domestic credit 7.15 trillion current LCU (2023)
- Total reserves in months of imports 4.03 (2024)
- Net migration -27,330 (2025)
- Domestic credit to private sector by banks 29.7% (2024)
- Official exchange rate 129.3 LCU per US$, period average (2025)
- Claims on central government 4.3% (2023)
Frequently asked questions
- What is monetary sector credit to private sector in Kenya?
- Monetary sector credit to private sector in Kenya was 31.8% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Kenya?
- The highest recorded value was 36.7% in 2015.
- What is the lowest monetary sector credit to private sector recorded in Kenya?
- The lowest recorded value was 11.8% in 1962.
- How does Kenya rank for monetary sector credit to private sector?
- Kenya ranks 110th out of 186 countries with data for 2023.
- Is monetary sector credit to private sector rising or falling in Kenya?
- Over the last ten years it is up 12.2%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.