Deposit interest rate in Kenya in 2024 — 11.98%. Ranked 8 in the world out of 90. Since 1967, the indicator has risen by 8.48 pp.
1967–2024 · % per annum
| Year | % | Change, pp |
|---|---|---|
| 2024 | 11.98 | +2.81 pp |
| 2023 | 9.17 | +2.02 pp |
| 2022 | 7.15 | +0.46 pp |
| 2021 | 6.69 | −0.28 pp |
| 2020 | 6.97 | −0.54 pp |
| 2019 | 7.51 | −0.79 pp |
| 2018 | 8.29 | +0.62 pp |
| 2017 | 7.67 | −1.01 pp |
| 2016 | 8.69 | −0.5 pp |
| 2015 | 9.19 | +0.82 pp |
| 2014 | 8.37 | −0.27 pp |
| 2013 | 8.64 | −2.93 pp |
| 2012 | 11.57 | +5.94 pp |
| 2011 | 5.63 | +1.07 pp |
| 2010 | 4.56 | −1.41 pp |
| 2009 | 5.97 | +0.66 pp |
| 2008 | 5.3 | +0.14 pp |
| 2007 | 5.16 | +0.02 pp |
| 2006 | 5.14 | +0.06 pp |
| 2005 | 5.08 | +2.65 pp |
| 2004 | 2.43 | −1.7 pp |
| 2003 | 4.13 | −1.35 pp |
| 2002 | 5.49 | −1.15 pp |
| 2001 | 6.64 | −1.46 pp |
| 2000 | 8.1 | −1.45 pp |
| 1999 | 9.55 | −8.85 pp |
| 1998 | 18.4 | +1.68 pp |
| 1997 | 16.72 | −0.87 pp |
| 1996 | 17.59 | +3.99 pp |
| 1995 | 13.6 | −2.12 pp |
| 1994 | 15.72 | — |
| 1991 | 14.5 | +0.83 pp |
| 1990 | 13.67 | +1.67 pp |
| 1989 | 12 | +1.67 pp |
| 1988 | 10.33 | +0.02 pp |
| 1987 | 10.31 | −0.94 pp |
| 1986 | 11.25 | +0 pp |
| 1985 | 11.25 | −0.52 pp |
| 1984 | 11.77 | −1.5 pp |
| 1983 | 13.27 | +1.07 pp |
| 1982 | 12.2 | +3.35 pp |
| 1981 | 8.85 | +3.09 pp |
| 1980 | 5.75 | +0.62 pp |
| 1979 | 5.13 | +0 pp |
| 1978 | 5.13 | +0 pp |
| 1977 | 5.13 | +0 pp |
| 1976 | 5.13 | +0 pp |
| 1975 | 5.13 | +0.81 pp |
| 1974 | 4.31 | +0.81 pp |
| 1973 | 3.5 | +0 pp |
| 1972 | 3.5 | +0 pp |
| 1971 | 3.5 | +0 pp |
| 1970 | 3.5 | +0 pp |
| 1969 | 3.5 | +0 pp |
| 1968 | 3.5 | +0 pp |
| 1967 | 3.5 | — |
The same indicator for neighboring countries — with links to their pages
The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.
Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.
Source: World Economic Outlook (IMF), license IMF open data.
The average rate at which banks lend to businesses and households.
Finance Real interest rateThe lending rate less inflation — the true cost of borrowed money.
Economy Consumer price inflationThe annual change in the consumer price index, in percent.
Finance Current account balanceThe balance of a country's external transactions as a percent of GDP: surplus or deficit.
Finance Current account balance (World Bank)The current account balance as a percent of GDP from World Bank data.
Finance Broad money (% of GDP)The amount of money in the economy as a percent of GDP — the depth of the financial system.
