Net lending (+) / net borrowing (-) in Kenya
Kenya: Net lending (+) / net borrowing (-) was -10.0% in 2023. ▼ Falling
Net lending (+) / net borrowing (-) in Kenya, 2014–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net lending (+) / net borrowing (-) in Kenya stood at -10.0%.
The figure is down 29.7% on the previous year and down 99.8% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Kenya peaked at -4.1% in 2019 and was at its lowest, -10.5%, in 2017.
That places Kenya 150th out of 156 countries with data for 2023, putting it in the bottom quarter.
Net lending (+) / net borrowing (-) in Kenya, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | -5.0% | — |
| 2015 | -7.9% | +59.2% |
| 2016 | -6.8% | -14.6% |
| 2017 | -10.5% | +54.9% |
| 2018 | -8.2% | -22.3% |
| 2019 | -4.1% | -50.3% |
| 2020 | -5.5% | +36.6% |
| 2021 | -8.6% | +55.9% |
| 2022 | -7.7% | -11.0% |
| 2023 | -10.0% | +29.7% |
Kenya compared with similar countries
- Kenya's -10.0% is below the median for lower middle income countries, which is -3.0%, 3.3× the median. (36 countries reporting)
- Kenya's -10.0% is below the median for Sub-Saharan Africa, which is -3.8%, 2.6× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -7.1% | -10.5% | -4.1% | 6 |
| 2020s | -8.0% | -10.0% | -5.5% | 4 |
Countries ranked near Kenya
More public sector data for Kenya
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Kenya?
- Net lending (+) / net borrowing (-) in Kenya was -10.0% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Kenya?
- The highest recorded value was -4.1% in 2019.
- What is the lowest net lending (+) / net borrowing (-) recorded in Kenya?
- The lowest recorded value was -10.5% in 2017.
- How does Kenya rank for net lending (+) / net borrowing (-)?
- Kenya ranks 150th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Kenya?
- Over the last ten years it is down 99.8%. The long-run trend across the full record is falling.
- 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 Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.