Kenya Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Kenya's domestic credit was 59.72% in 2025, ranked 28th globally. This represents a 7.2% increase from 2024. Data from World Bank, covering 2014–2025.
Overview
Kenya's domestic credit stood at 59.72% in 2025, a rise of +4.02% from 2023. Based on recent trends, this figure is projected to reach 59.72% by 2025. Kenya ranked 28th globally.
Kenya’s domestic credit to the private sector has risen steadily over the 11‑year span from 49.97 percent of GDP in 2014 to an all‑time peak of 59.72 percent in 2025, placing the country 28th globally. The trough in 2019 at 49.03 percent marks the low point before a consistent upward trajectory, reflecting expanded lending by commercial banks and heightened financial inclusion initiatives. Compared with peers, Kenya’s 2025 level is marginally below Brunei Darussalam’s 59.88 percent and slightly under Mexico’s 60.72 percent, yet exceeds Argentina’s 57.14 percent, indicating a competitive position within the middle‑income cohort. The sustained increase suggests that credit growth is being driven by reforms in the banking sector and greater access to digital finance. Continued macro‑economic stability and further deepening of financial markets will be crucial to maintain this upward trend and potentially lift Kenya into the top‑twenty rankings in the coming years.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 61.09% | - | - |
| 2025* trend | 59.72% | - | - |
| 2025 | 59.72% | +4.02% | #28 |
| 2023 | 55.70% | +0.26% | #20 |
| 2022 | 55.44% | −0.46% | #22 |
| 2021 | 55.89% | +0.90% | #22 |
| 2020 | 55.00% | +5.96% | #18 |
| 2019 | 49.03% | −0.27% | #19 |
| 2018 | 49.31% | −1.85% | #17 |
| 2017 | 51.16% | −0.35% | #20 |
| 2016 | 51.51% | −0.63% | #22 |
| 2015 | 52.14% | +2.17% | #23 |
| 2014 | 49.97% | – | #20 |
Detected Pattern
Analysis
Kenya matched the Fiscal Dominance Trap pattern in 2008. Historically, 72% of countries showing this pattern (278 out of 386) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Kenya's domestic credit was 59.72% in 2025. Ranked 28th globally. This represents a 7.2% increase from the previous year.
Kenya's domestic credit peaked at 59.72% in 2025.
The lowest domestic credit in Kenya was 49.03% in 2019.
Kenya ranks 28th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Kenya's domestic credit is projected to reach 59.72% by 2025 based on trend extrapolation.
The domestic credit of Kenya in 2025 was 59.72%. This ranks 28th in the world.
Cite this page
@misc{historysaid_kenya_domestic-credit,
title = {Kenya Domestic Credit},
url = {https://historysaid.com/kenya/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}