Prices & public finance · Sub-Saharan Africa · Lower-middle income
Kenya: prices, money and public finance
Inflation is 4.1% (2025), 55th of 180 in the world and 19th of 44 in Sub-Saharan Africa. GDP deflator is 3.5% (2025), 95th of 209 in the world and 26th of 46 in Sub-Saharan Africa. Lending rate is 16.6% (2024), 25th of 136 in the world and 14th of 36 in Sub-Saharan Africa.
Inflation
KenyaSub-Saharan AfricaLower-middle incomeWorld
GDP deflator
KenyaSub-Saharan AfricaLower-middle incomeWorld
13 indicators
Prices & public finance: Kenya in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 4.1%2025 | 55/180 | 19/44 | 10.0% | 4.0% | 5.4% | −2.5 ppsince 2015 | 3.4% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 3.5%2025 | 95/209 | 26/46 | 6.1% | 1.6% | 4.9% | −5.7 ppsince 2015 | 4.1% | 5.0% | 3.3% | |
| Lending rateLending interest rate, % | 16.6%2024 | 25/136 | 14/36 | 22.3% | 14.4% | 12.0% | +0.1 ppsince 2014 | — | — | — | |
| Real interest rateReal interest rate, % | 13.0%2024 | 15/136 | 8/36 | 15.3% | 12.5% | 6.7% | +4.8 ppsince 2014 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 129.302025 | 59/210 | 29/47 | 76.18 | 79.23 | 106.45 | +32%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 14.1%2023 | 90/142 | 13/32 | · | · | 14.3% | — | — | 12.1% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 18.6%2023 | 102/142 | 14/32 | · | · | 17.7% | — | — | 14.2% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 27.8%2023 | 63/142 | 6/32 | · | · | 20.0% | — | — | 15.7% | 28.5% | |
| External debtExternal debt stocks, % of GNI | 35.0%2024 | 81/119 | 30/43 | 48.9% | 22.3% | 38.0% | +7.1 ppsince 2014 | — | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 29.4%2025 | 111/169 | 8/42 | 25.8% | 24.0% | 32.1% | −7.3 ppsince 2015 | 31.7% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 38.3%2025 | 111/146 | 15/42 | 35.2% | 35.5% | 41.2% | −4.5 ppsince 2015 | 42.6% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.62025 | 78/165 | 13/32 | 2.7 | 3.8 | 5.0 | −4.7%since 2015 | 6.1 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.07%2025 | 109/156 | 28/45 | 1.31% | 1.37% | 1.11% | −0.1 ppsince 2015 | 1.13% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−2.5 pp4.1% in 2025
Worse than ten years ago
- External debt+7.1 pp35.0% in 2024
- Reserves, months of imports−4.7%4.6 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Kenya and its neighbours
Countries sharing a land border with Kenya. Latest values since 2005; the highest in each row is marked.
| Indicator | Kenya | Ethiopia | Tanzania | Uganda | Somalia | South Sudan |
|---|---|---|---|---|---|---|
| Inflation | 4.1%2025 | 13.2%2025 | 3.3%2025 | 3.6%2025 | — | 91.4%2024 |
| GDP deflator | 3.5%2025 | 16.7%2025 | 5.1%2025 | 5.2%2025 | 12.9%2025 | 17.7%2015 |
| Lending rate | 16.6%2024 | 8.0%2008 | 16.7%2020 | 19.8%2018 | — | 14.3%2025 |
| Real interest rate | 13.0%2024 | -17.1%2008 | 9.6%2020 | 14.7%2018 | — | -55.0%2025 |
| Exchange rate | 129.302025 | 82.602024 | 2,597.902024 | 3,602.992025 | 23,097.992017 | 2,163.102024 |
| Tax revenue | 14.1%2023 | 3.4%2024 | 12.3%2024 | 12.6%2024 | 2.2%2024 | — |
| Government revenue | 18.6%2023 | 4.1%2024 | 14.0%2024 | 14.0%2024 | 3.1%2024 | — |
| Government expense | 27.8%2023 | 6.1%2023 | 16.3%2024 | 16.6%2023 | 6.3%2023 | — |
| External debt | 35.0%2024 | 24.3%2022 | 47.3%2024 | 39.2%2024 | 14.9%2024 | — |