Bank Deposits Statistics in Kenya (2026)
In 2024, outstanding bank deposits in Kenya stood at 34.7% of GDP, according to IMF Financial Access Survey data. Down from 37% of GDP in 2023 to 34.7% of GDP in 2024 (−2.3 percentage points). Kenya ranks #13 of 40 economies in Sub-Saharan Africa on this measure, and #127 of 172 globally.
Key Statistics
- Latest value (2024)
- 34.7% of GDP (2024)
- Bank Deposits in Kenya as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- −2.3 pp (2024)
- Down from 37% of GDP in 2023 to 34.7% of GDP in 2024 (−2.3 percentage points).
- Earliest value in this dataset (2004)
- 16.9% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 16.9% of GDP in 2004 to 34.7% of GDP in 2024.
- Peak value (2014)
- 38.2% of GDP (2014)
- Highest value in the available series; the 2024 value is 34.7% of GDP.
- Rank in Sub-Saharan Africa
- #13 of 40 (2024)
- Kenya ranks 13 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #127 of 172 (2024)
- Kenya ranks 127 of 172 countries with data globally.
- Sub-Saharan Africa average
- 39.2% of GDP (2024)
- Kenya (34.7% of GDP) is below the average of 39.2% of GDP across the 40 countries in Sub-Saharan Africa with data.
- Internet use in Kenya (2024)
- 35% (2024)
- 35% of the population in Kenya used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 56.4 million (2024)
- Kenya had a population of 56.4 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 34.7% | −2.3 pp |
| 2023 | 37% | −0.0 pp |
| 2022 | 37.1% | −0.9 pp |
| 2021 | 37.9% | +0.5 pp |
| 2020 | 37.4% | +2.3 pp |
| 2019 | 35.1% | +0.3 pp |
| 2018 | 34.9% | −0.8 pp |
| 2017 | 35.7% | +1.7 pp |
| 2016 | 34% | −2.1 pp |
| 2015 | 36.1% | −2.1 pp |
| 2014 | 38.2% | +9.4 pp |
| 2013 | 28.8% | +0.4 pp |
| 2012 | 28.4% | +0.6 pp |
| 2011 | 27.8% | +1.5 pp |
| 2010 | 26.4% | +2.9 pp |
| 2009 | 23.4% | +2.5 pp |
| 2008 | 20.9% | +1.0 pp |
| 2007 | 20% | +1.6 pp |
| 2006 | 18.4% | +1.2 pp |
| 2005 | 17.2% | +0.3 pp |
| 2004 | 16.9% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Kenya?
Outstanding bank deposits in Kenya stood at 34.7% of GDP in 2024, according to IMF Financial Access Survey data.
Where does the bank deposits data for Kenya come from?
The data comes from the IMF Financial Access Survey (indicator OUTD_COMBANK.POGDP). The latest observation for Kenya is from 2024; the snapshot was retrieved on 2026-06-10.
How has bank deposits in Kenya changed over time?
IMF Financial Access Survey data show a rise from 16.9% of GDP in 2004 to 34.7% of GDP in 2024.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .