Kenya's broad money (% of GDP) was 38.29% in 2025, the latest year in the World Bank's World Development Indicators. That is down 4.53 percentage points from 42.82% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 38.29% | 2025 |
| Five years earlier | 41.2% | 2020 |
| Ten years earlier | 42.82% | 2015 |
| Highest | 42.82% | 2015 |
| Lowest | 22.66% | 1966 |
| Average since 2016 | 39.08% | 2016–2025 |
| First recorded | 22.66% | 1966 |
What the numbers say
In 2025, Kenya's broad money (% of GDP) rose 0.68 percentage points on 2024 (from 37.61% to 38.29%).
Across the 30 yearly changes before that (1995 to 2024), the average change was −0.01 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 5.54 percentage points in 1992 and the biggest yearly fall was 6.44 percentage points in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Kenya had the 66th highest value of the 84 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Kenya | 38.29% | 2025 |
| World | 135.66% | 2024 |
| Sub-Saharan Africa | 42.61% | 2025 |
| Lower middle income | 67.37% | 2021 |
Closest to Kenya in the 2025 ranking
- Dominican Republic — 63rd of 84: 41.31%
- Pakistan — 64th of 84: 40.88%
- Azerbaijan — 65th of 84: 38.62%
- Guinea-Bissau — 67th of 84: 37.2%
- Comoros — 68th of 84: 36.1%
- Kazakhstan — 69th of 84: 33.06%
What this measures
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 60 values
| Year | Broad money (% of GDP) |
|---|---|
| 2025 | 38.29 |
| 2024 | 37.61 |
| 2023 | 40.21 |
| 2022 | 37.38 |
| 2021 | 38.99 |
| 2020 | 41.2 |
| 2019 | 38.07 |
| 2018 | 39.36 |
| 2017 | 39.35 |
| 2016 | 40.33 |
| 2015 |
Broad money (% of GDP) in nearby economies
- Angola — 13.79% (2025)
- Benin — 29.58% (2025)
- Botswana — 44.1% (2024)
- Burkina Faso — 43.31% (2025)
- Burundi — 44.6% (2025)
- Cabo Verde — 94.18% (2025)
- Cameroon — 21.4% (2018)
- Central African Republic — 32.9% (2022)
- Chad — 15.98% (2021)
- Comoros — 36.1% (2025)
- Congo, Dem. Rep. — 17.64% (2025)
- Congo, Rep.
More financial sector data for Kenya
- Consumer price index (2010 = 100) — 267.83 (2025)
- Inflation, consumer prices (annual % growth) — 4.07% (2025)
- GDP deflator (base year varies by country) — 154.1 (2025)
- DEC alternative conversion factor (LCU per US$) — US$129.3 (2025)
- Official exchange rate (LCU per US$, period average) — US$129.3 (2025)
- Domestic credit to private sector by banks (% of GDP) — 29.34% (2025)
- Monetary sector credit to private sector (% of GDP) — 29.36% (2025)
- Domestic credit to private sector (% of GDP) — 29.36% (2025)
- Inflation, GDP deflator (annual % growth) — 3.49% (2025)
Reading data like this
Questions people ask
- What is Kenya's broad money (% of GDP)?
- 38.29% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1966?
- It is up 15.63 percentage points from 22.66% in 1966. The highest value was 42.82% in 2015 and the lowest 22.66% in 1966.
- How does Kenya rank?
- 66th highest of 84 economies with data for 2025.
- Is the latest change in broad money (% of GDP) unusual for Kenya?
- In 2025, Kenya's broad money (% of GDP) rose 0.68 percentage points on 2024 (from 37.61% to 38.29%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.01 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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