Interest payments (% of revenue) in Kenya
Kenya: Interest payments (% of revenue) was 24.3% in 2023. ▲ Rising
Interest payments in Kenya, 2014–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in Kenya is 24.3%, measured in 2023. That is the highest value across all 10 years on record.
Compared with earlier readings it is up 11.4% on the previous year and up 120.5% over ten years.
Over the whole period, interest payments in Kenya peaked at 24.3% in 2023 and was at its lowest, 11.0%, in 2014.
That places Kenya 11th out of 155 countries with data for 2023, putting it in the top 10%.
Interest payments (% of revenue) in Kenya, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2014 | 11.0% | — |
| 2015 | 12.3% | +12.2% |
| 2016 | 14.8% | +19.6% |
| 2017 | 13.2% | -10.3% |
| 2018 | 18.4% | +38.8% |
| 2019 | 19.3% | +4.9% |
| 2020 | 22.9% | +18.9% |
| 2021 | 23.4% | +2.1% |
| 2022 | 21.8% | -6.9% |
| 2023 | 24.3% | +11.4% |
Kenya compared with similar countries
- Kenya's 24.3% is above the median for lower middle income countries, which is 8.6%, 2.8× the median. (36 countries reporting)
- Kenya's 24.3% is above the median for Sub-Saharan Africa, which is 11.6%, 2.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.8% | 11.0% | 19.3% | 6 |
| 2020s | 23.1% | 21.8% | 24.3% | 4 |
Countries ranked near Kenya
More public sector data for Kenya
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- Arms imports 117.00 million SIPRI trend indicator values (2025)
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Frequently asked questions
- What is interest payments in Kenya?
- Interest payments in Kenya was 24.3% 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 24.3% in 2023.
- What is the lowest interest payments recorded in Kenya?
- The lowest recorded value was 11.0% in 2014.
- How does Kenya rank for interest payments?
- Kenya ranks 11th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Kenya?
- Over the last ten years it is up 120.5%. 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 revenue). Statizoid updates them automatically from the source API.
Download this data
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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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.