Home → Kenya → Deposit Rate → 2023

Kenya - Deposit Rate 2023

Name: Kenya Deposit Rate 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Deposit interest rate · World Bank

9.17% +2.02pp from 2022 Global rank: 80th

Kenya's deposit rate was 9.17% in 2023, increased +2.02pp from 7.15% in 2022. This was the 80th highest globally.

Global Ranking - 2023▾

Deposit Rate by Country - 2023
Rank	Country	Value	YoY
1st	Bulgaria	0.10%	390.3%
2nd	South Sudan	0.13%	112.1%
3rd	Brunei Darussalam	0.19%	36.0%
4th	Montenegro	0.27%	-7.1%
5th	Papua New Guinea	0.34%	35.1%
6th	Vanuatu	0.40%	-10.3%
7th	Solomon Islands	0.41%	-10.3%
8th	Hong Kong SAR, China	0.49%	848.4%
9th	Bahamas, The	0.54%	4.0%
10th	Timor-Leste	0.60%	-1.0%
11th	Macao SAR, China	0.64%	146.6%
12th	Cabo Verde	0.76%	-21.6%
13th	Guyana	0.78%	0.0%
14th	Grenada	0.90%	0.9%
15th	Switzerland	1.09%	817.3%
16th	Bosnia and Herzegovina	1.18%	83.3%
17th	Fiji	1.20%	-22.1%
18th	St. Lucia	1.23%	2.5%
19th	St. Vincent and the Grenadines	1.24%	-8.9%
20th	Kyrgyz Republic	1.30%	-7.4%
21st	Albania	1.35%	84.4%
22nd	Thailand	1.37%	169.4%
23rd	Antigua and Barbuda	1.45%	-6.5%
24th	China	1.50%	0.0%
25th	Trinidad and Tobago	1.50%	0.0%
26th	Cambodia	1.51%	1.0%
27th	Tonga	1.54%	-6.5%
28th	Dominica	1.63%	1.0%
29th	Algeria	1.75%	0.0%
30th	Samoa	1.79%	-0.7%
31st	North Macedonia	1.81%	69.5%
32nd	Seychelles	1.90%	13.9%
33rd	St. Kitts and Nevis	2.00%	-2.6%
34th	San Marino	2.00%	221.9%
35th	Belize	2.08%	-6.3%
36th	Nicaragua	2.12%	81.4%
37th	São Tomé and Principe	2.29%	-7.9%
38th	Norway	2.39%	171.0%
39th	Czechia	2.41%	72.5%
40th	Lesotho	2.44%	47.5%
41st	Kuwait	2.50%	55.8%
42nd	Malaysia	2.65%	36.0%
43rd	Morocco	2.79%	12.5%
44th	Aruba	2.80%	55.6%
45th	Botswana	2.95%	97.6%
46th	Bolivia, Plurinational State of	3.18%	-0.9%
47th	Bhutan	3.75%	25.0%
48th	Korea	3.84%	23.1%
49th	Maldives	4.00%	7.2%
50th	Guatemala	4.21%	7.7%
51st	Eswatini	4.44%	74.7%
52nd	Mauritius	4.58%	276.4%
53rd	Indonesia	4.63%	44.4%
54th	Haiti	4.70%	54.0%
55th	Mexico	4.77%	85.3%
56th	Viet Nam	4.78%	25.2%
57th	Belarus	4.85%	-42.4%
58th	Qatar	5.01%	90.9%
59th	Costa Rica	5.07%	65.2%
60th	Namibia	5.39%	44.9%
61st	New Zealand	5.52%	95.9%
62nd	Jordan	5.58%	45.8%
63rd	Sierra Leone	5.70%	5.9%
64th	Jamaica	5.82%	43.3%
65th	Ecuador	5.86%	41.0%
66th	Honduras	5.94%	38.8%
67th	Romania	6.44%	53.8%
68th	Bangladesh	6.52%	17.3%
69th	South Africa	6.65%	31.3%
70th	Angola	6.88%	-3.2%
71st	Moldova	6.97%	-25.2%
72nd	Russian Federation	7.57%	-0.4%
73rd	Gambia, The	7.74%	60.1%
74th	Nigeria	7.84%	31.4%
75th	Uruguay	8.10%	29.9%
76th	Armenia	8.36%	-1.3%
77th	Azerbaijan	8.65%	-3.6%
78th	Suriname	8.67%	18.9%
79th	Dominican Republic	9.16%	35.9%
80th	Kenya	9.17%	28.3%
81st	Mozambique	9.34%	19.9%
82nd	Rwanda	9.65%	25.9%
83rd	Chile	10.41%	15.8%
84th	Ghana	11.42%	-5.3%
85th	Georgia	11.59%	-0.4%
86th	Brazil	12.14%	1.2%
87th	Ukraine	12.34%	66.4%
88th	Egypt, Arab Republic of	12.65%	50.1%
89th	Madagascar	13.00%	-2.8%
90th	Hungary	13.12%	56.8%
91st	Colombia	13.21%	55.4%
92nd	Uzbekistan	18.02%	1.6%
93rd	Türkiye	51.33%	89.8%
94th	Zimbabwe	62.82%	80.9%
95th	Argentina	95.00%	81.2%

FAQ

What was Kenya's deposit rate in 2023?▾

Kenya's deposit rate in 2023 was 9.17%. This ranked 80th globally.

How did Kenya's deposit rate change in 2023?▾

Kenya's deposit rate increased by 28.3% in 2023 compared to 2022.

Which country had the highest deposit rate in 2023?▾

Argentina had the highest deposit rate in 2023 at 95.00%.

What is the deposit rate of Kenya in 2023?▾

The deposit rate of Kenya in 2023 was 9.17%. This ranked 80th globally.

How does 2023 compare to 2022 for Kenya's deposit rate?▾

Kenya's deposit rate went from 7.15% in 2022 to 9.17% in 2023, a 28.3% increase.

← 2022

View all years