Kenya - Real Interest Rate 2023
7.75%
+2.72pp from 2022
Kenya's real interest rate was 7.75% in 2023, increased +2.72pp from 5.03% in 2022. This was the 69th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Zimbabwe | -68.88% | -80.8% |
| 2nd | South Sudan | -52.94% | -1.5% |
| 3rd | Argentina | -17.25% | -75.7% |
| 4th | Suriname | -14.22% | 38.7% |
| 5th | Haiti | -13.15% | -2.4% |
| 6th | Sierra Leone | -7.44% | -23.6% |
| 7th | Burundi | -6.52% | -129.0% |
| 8th | Egypt, Arab Republic of | -5.64% | -4,054.4% |
| 9th | São Tomé and Principe | -4.79% | -361.4% |
| 10th | Montenegro | -4.78% | 16.7% |
| 11th | Czechia | -3.61% | 11.9% |
| 12th | Bulgaria | -3.30% | 68.6% |
| 13th | Bosnia and Herzegovina | -2.96% | 60.8% |
| 14th | Romania | -2.70% | 29.6% |
| 15th | North Macedonia | -2.26% | 41.9% |
| 16th | Bahamas, The | -2.24% | -1,954.7% |
| 17th | San Marino | -1.60% | -258.8% |
| 18th | Italy | -1.23% | -6.7% |
| 19th | Aruba | -1.22% | -170.4% |
| 20th | Nicaragua | -1.17% | -250.9% |
| 21st | Angola | -0.86% | -150.6% |
| 22nd | Kyrgyz Republic | -0.63% | 24.2% |
| 23rd | Hungary | 0.17% | 105.9% |
| 24th | Jamaica | 0.29% | 125.7% |
| 25th | Tonga | 0.29% | 123.4% |
| 26th | Albania | 0.58% | 119.1% |
| 27th | Bangladesh | 0.63% | -68.1% |
| 28th | Samoa | 1.39% | -75.1% |
| 29th | Macao SAR, China | 1.56% | -62.2% |
| 30th | Belize | 1.63% | 41.7% |
| 31st | Antigua and Barbuda | 1.72% | 243.2% |
| 32nd | Belarus | 1.77% | 193.9% |
| 33rd | Vanuatu | 1.84% | 184.3% |
| 34th | Ukraine | 1.87% | 115.4% |
| 35th | Switzerland | 1.95% | 610.9% |
| 36th | Fiji | 2.16% | 188.3% |
| 37th | St. Kitts and Nevis | 2.16% | -37.6% |
| 38th | Grenada | 2.37% | -49.8% |
| 39th | Moldova | 2.80% | 147.1% |
| 40th | Hong Kong SAR, China | 2.80% | -16.7% |
| 41st | Nigeria | 2.88% | -27.5% |
| 42nd | Thailand | 2.97% | 304.5% |
| 43rd | Korea | 3.09% | 26.5% |
| 44th | Mauritius | 3.17% | 437.2% |
| 45th | Russian Federation | 3.36% | 159.0% |
| 46th | Malawi | 3.50% | -49.9% |
| 47th | Rwanda | 3.67% | 640.9% |
| 48th | Dominica | 3.77% | -39.8% |
| 49th | Namibia | 4.06% | 96.8% |
| 50th | St. Vincent and the Grenadines | 4.13% | 895.8% |
| 51st | Cabo Verde | 4.13% | 195.4% |
| 52nd | Eswatini | 4.51% | 1,430.9% |
| 53rd | St. Lucia | 4.84% | 120.0% |
| 54th | China | 4.88% | 105.9% |
| 55th | Botswana | 4.91% | 166.4% |
| 56th | Guatemala | 5.09% | -2.5% |
| 57th | Seychelles | 5.23% | -29.5% |
| 58th | Iceland | 5.93% | 622.6% |
| 59th | Gambia, The | 6.18% | -33.9% |
| 60th | South Africa | 6.47% | 91.8% |
| 61st | Mexico | 6.63% | 367.5% |
| 62nd | Algeria | 6.93% | 157.1% |
| 63rd | Jordan | 7.00% | 51.1% |
| 64th | Viet Nam | 7.08% | 107.1% |
| 65th | Indonesia | 7.29% | 860.9% |
| 66th | Malaysia | 7.30% | 425.0% |
| 67th | Uzbekistan | 7.32% | 15.0% |
| 68th | Bhutan | 7.53% | -2.9% |
| 69th | Kenya | 7.75% | 54.2% |
| 70th | Honduras | 7.87% | 62.6% |
| 71st | Dominican Republic | 8.17% | 289.6% |
| 72nd | Uruguay | 8.20% | 50.8% |
| 73rd | Bolivia, Plurinational State of | 8.44% | 67.3% |
| 74th | Armenia | 9.01% | 160.5% |
| 75th | Costa Rica | 9.19% | 804.2% |
| 76th | Maldives | 9.34% | 28.6% |
| 77th | Georgia | 10.26% | 101.0% |
| 78th | Lesotho | 11.49% | 251.1% |
| 79th | Colombia | 13.16% | 1,614.2% |
| 80th | Papua New Guinea | 13.26% | 316.7% |
| 81st | Kuwait | 14.13% | 221.2% |
| 82nd | Qatar | 17.24% | 201.8% |
| 83rd | Mozambique | 17.71% | 76.0% |
| 84th | Norway | 18.43% | 194.0% |
| 85th | Brunei Darussalam | 21.05% | 239.6% |
| 86th | Trinidad and Tobago | 23.57% | 423.8% |
| 87th | Azerbaijan | 25.68% | 255.4% |
| 88th | Guyana | 26.14% | 904.0% |
| 89th | Brazil | 36.55% | 28.7% |
| 90th | Timor-Leste | 39.84% | 12,307.4% |
| 91st | Madagascar | 42.91% | 20.0% |
FAQ
What was Kenya's real interest rate in 2023?▾
Kenya's real interest rate in 2023 was 7.75%. This ranked 69th globally.
How did Kenya's real interest rate change in 2023?▾
Kenya's real interest rate increased by 54.2% in 2023 compared to 2022.
Which country had the highest real interest rate in 2023?▾
Madagascar had the highest real interest rate in 2023 at 42.91%.
What is the real interest rate of Kenya in 2023?▾
The real interest rate of Kenya in 2023 was 7.75%. This ranked 69th globally.
How does 2023 compare to 2022 for Kenya's real interest rate?▾
Kenya's real interest rate went from 5.03% in 2022 to 7.75% in 2023, a 54.2% increase.
Related
2022
All years
Full ranking 2023
Lending Rate
Deposit Rate
M2 Money Supply Growth
Credit to GDP
Non-Performing Loans
Peak: 1998
Lowest: 2009
Real Interest Rate 1990s
Real Interest Rate 2000s
Real Interest Rate 2010s
Real Interest Rate 2020s
Highest ever
Lowest ever
Average
vs Papua New Guinea
vs Mauritania
vs West Bank and Gaza
vs Kiribati
African Union Real Interest Rate
Global Ranking