Interest payments (% of expense) in Kenya
Kenya: Interest payments (% of expense) was 16.4% in 2023. ▲ Rising
Interest payments in Kenya, 2014–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Kenya stood at 16.4%.
Compared with earlier readings it is down 4.2% on the previous year and up 52.7% over ten years.
Over the whole period, interest payments in Kenya peaked at 20.5% in 2020 and was at its lowest, 10.7%, in 2014.
That places Kenya 21st out of 152 countries with data for 2023, putting it in the top quarter.
Interest payments (% of expense) in Kenya, year by year
| Year | % of expense | Change |
|---|---|---|
| 2014 | 10.7% | — |
| 2015 | 11.8% | +9.8% |
| 2016 | 12.9% | +9.9% |
| 2017 | 11.1% | -13.9% |
| 2018 | 14.8% | +32.4% |
| 2019 | 19.6% | +32.8% |
| 2020 | 20.5% | +4.4% |
| 2021 | 17.5% | -14.6% |
| 2022 | 17.1% | -2.1% |
| 2023 | 16.4% | -4.2% |
Kenya compared with similar countries
- Kenya's 16.4% is above the median for lower middle income countries, which is 10.0%, 1.6× the median. (36 countries reporting)
- Kenya's 16.4% is above the median for Sub-Saharan Africa, which is 11.3%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.5% | 10.7% | 19.6% | 6 |
| 2020s | 17.9% | 16.4% | 20.5% | 4 |
Countries ranked near Kenya
More public sector data for Kenya
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Frequently asked questions
- What is interest payments in Kenya?
- Interest payments in Kenya was 16.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Kenya?
- The highest recorded value was 20.5% in 2020.
- What is the lowest interest payments recorded in Kenya?
- The lowest recorded value was 10.7% in 2014.
- How does Kenya rank for interest payments?
- Kenya ranks 21st out of 152 countries with data for 2023.
- Is interest payments rising or falling in Kenya?
- Over the last ten years it is up 52.7%. The long-run trend across the full record is rising.
- Where does this Kenya data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.