Interest payments in Kenya
Kenya: Interest payments 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.
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
- 18 Lao People's Democratic Republic 17.0% compare
- 19 Costa Rica 16.7% compare
- 20 Jordan 16.5% compare
- 22 Togo 16.2% compare
- 23 Saint Lucia 16.1%
- 24 Mexico 15.8% compare
More public sector data for Kenya
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3012 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -75 % change on previous year (2022)
- Arms imports (SIPRI trend indicator values), gaps filled 17.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 21.82 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0102 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.23 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1.72 SIPRI trend indicator values per square kilometre (2022)
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.