Kenya External Debt: % of GDP

2006 - 2024 | Yearly | % | CEIC Data

Key information about Kenya External Debt: % of GDP

  • Kenya External Debt accounted for 31.2 % of the country's Nominal GDP in 2024, compared with the ratio of 40.3 % in the previous year.
  • Kenya External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2024.
  • The data reached an all-time high of 40.3 % in Dec 2023 and a record low of 16.5 % in Dec 2011.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. World Bank provides External Debt in USD. The Kenya National Bureau of Statistics provides Nominal GDP in local currency.


Related information about Kenya External Debt: % of GDP

  • In the latest reports of Kenya, Current Account recorded a deficit of 124.0 USD mn in Jun 2025.
  • Foreign Direct Investment (FDI) increased by 463.4 USD mn in Dec 2024.
  • Kenya Direct Investment Abroad expanded by 417.6 USD mn in Dec 2024.
  • Its Foreign Portfolio Investment increased by 430.6 USD mn in Dec 2024.
  • The country's External Debt reached 41,807.5 in Aug 2025.
  • The country's Nominal GDP was reported at 34.9 USD bn in Jun 2025.

View Kenya's External Debt: % of GDP from 2006 to 2024 in the chart:

Kenya External Debt: % of GDP

What was Kenya's External Debt: % of GDP in 2024?

Kenya External Debt accounted for 31.2 % of the country's Nominal GDP in 2024, compared with the ratio of 40.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
31.2 2024 40.3 2023 16.5 2011 40.3 2023 % yearly 2006 - 2024

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 40.5 2024 yearly 1991 - 2024
Algeria (%) 1.1 2024 yearly 1970 - 2024
Argentina (%) 43.5 2024 yearly 1994 - 2024
Armenia (%) 62.9 2024 yearly 2000 - 2024
Australia (%) 113.4 2024 yearly 1988 - 2024
Austria (%) 154.5 2024 yearly 1997 - 2024
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 46.0 Jun 2025 quarterly Dec 2000 - Jun 2025
Belgium (%) 242.6 2024 yearly 2007 - 2024
Bolivia (%) 33.0 2024 yearly 2006 - 2024
Bosnia and Herzegovina (%) 17.0 2024 yearly 1999 - 2024
Botswana (%) 7.8 2025 yearly 1995 - 2025
Brazil (%) 27.7 2024 yearly 1992 - 2024
Bulgaria (%) 47.6 2024 yearly 1999 - 2024
Cambodia (%) 45.4 2024 yearly 2010 - 2024
Canada (%) 146.4 2024 yearly 1990 - 2024
Chile (%) 74.2 2024 yearly 1971 - 2024
China (%) 12.9 2024 yearly 1985 - 2024
Colombia (%) 51.3 2024 yearly 1970 - 2024
Croatia (%) 74.3 2022 yearly 1998 - 2022
Cyprus (%) 698.3 2024 yearly 2004 - 2024
Czech Republic (%) 65.4 2024 yearly 1995 - 2024
Denmark (%) 142.2 2024 yearly 2005 - 2024
Ecuador (%) 47.8 2024 yearly 1970 - 2024
Egypt (%) 44.5 Mar 2025 quarterly Jun 1999 - Mar 2025
Estonia (%) 97.8 2024 yearly 1996 - 2024
European Union (%) 109.7 2024 yearly 2008 - 2024
Finland (%) 203.5 2024 yearly 1991 - 2024
France (%) 250.2 2024 yearly 2004 - 2024
Georgia (%) 73.6 2024 yearly 1999 - 2024
Germany (%) 147.6 2024 yearly 1999 - 2024
Ghana (%) 34.4 2024 yearly 1999 - 2024
Greece (%) 243.2 2024 yearly 2003 - 2024
Hong Kong SAR, China (%) 467.1 2024 yearly 2001 - 2024
Hungary (%) 142.9 2024 yearly 2006 - 2024
Iceland (%) 71.9 2024 yearly 1989 - 2024
India (%) 19.1 2025 yearly 1970 - 2025
Indonesia (%) 30.4 2024 yearly 2003 - 2024
Iran (%) 0.8 2025 yearly 1994 - 2025
Ireland (%) 544.0 2024 yearly 2002 - 2024
Israel (%) 27.2 2024 yearly 1998 - 2024
Italy (%) 120.8 2024 yearly 2002 - 2024
Ivory Coast (%) 34.4 2022 yearly 1994 - 2022
Japan (%) 112.7 2024 yearly 2003 - 2024
Jordan (%) 80.3 2024 yearly 1970 - 2024
Kazakhstan (%) 59.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kenya (%) 31.2 2024 yearly 2006 - 2024
South Korea (%) 35.9 2024 yearly 1994 - 2024
Kosovo (%) 40.7 2024 yearly 2007 - 2024
Kuwait (%) 41.5 2024 yearly 2014 - 2024
Kyrgyzstan (%) 70.8 2024 yearly 2003 - 2024
Laos (%) 68.7 2024 yearly 1996 - 2024
Latvia (%) 109.1 Jun 2025 quarterly Mar 2000 - Jun 2025
Lebanon (%) 17.4 2023 yearly 2007 - 2023
Lithuania (%) 77.4 2024 yearly 1996 - 2024
Luxembourg (%) 4,148.6 2024 yearly 2002 - 2024
North Macedonia (%) 79.2 2024 yearly 2004 - 2024
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 69.9 2024 yearly 2009 - 2024
Malta (%) 836.7 2024 yearly 2004 - 2024
Mauritius (%) 1,221.8 2024 yearly 2009 - 2024
Mexico (%) 32.2 2024 yearly 2002 - 2024
Moldova (%) 56.7 2024 yearly 2000 - 2024
Mongolia (%) 157.9 2024 yearly 1992 - 2024
Montenegro (%) 112.7 2023 yearly 2006 - 2023
Morocco (%) 50.8 2022 yearly 1970 - 2022
Mozambique (%) 49.2 2023 yearly 1985 - 2023
Myanmar (%) 18.9 2023 yearly 2018 - 2023
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 349.4 2024 yearly 2003 - 2024
New Zealand (%) 94.7 2024 yearly 1993 - 2024
Nigeria (%) 18.6 2024 yearly 1985 - 2024
Norway (%) 155.3 2024 yearly 2003 - 2024
Pakistan (%) 33.1 2025 yearly 2000 - 2025
Palestinian Territory (%) 15.3 2024 yearly 2012 - 2024
Panama (%) 169.8 2021 yearly 2014 - 2021
Paraguay (%) 58.8 2024 yearly 2000 - 2024
Peru (%) 36.7 2024 yearly 1980 - 2024
Philippines (%) 29.8 2024 yearly 1990 - 2024
Poland (%) 51.8 2024 yearly 1995 - 2024
Portugal (%) 144.8 2024 yearly 1996 - 2024
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.5 2024 yearly 1995 - 2024
Russia (%) 13.3 2024 yearly 1993 - 2024
Serbia (%) 60.5 2024 yearly 2000 - 2024
Singapore (%) 407.1 2024 yearly 2003 - 2024
Slovakia (%) 100.9 2024 yearly 1995 - 2024
Slovenia (%) 87.9 2024 yearly 1995 - 2024
South Africa (%) 42.0 2024 yearly 1985 - 2024
Spain (%) 162.5 2024 yearly 1995 - 2024
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 169.1 2024 yearly 1997 - 2024
Switzerland (%) 233.9 2024 yearly 1999 - 2024
Taiwan (%) 27.4 2024 yearly 1999 - 2024
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 35.5 Jun 2025 quarterly Mar 2005 - Jun 2025
Tunisia (%) 83.8 2024 yearly 2002 - 2024
Turkey (%) 38.2 2024 yearly 1989 - 2024

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Kenya Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.9 Jun 2025 quarterly Dec 2009 - Jun 2025
Tax Revenue (USD mn) 13,986.408 Apr 2025 monthly Sep 1999 - Apr 2025
Tax Revenue: % of GDP (%) 6.6 2024 yearly 2006 - 2024
National Government Debt (USD mn) 92,599.6 Aug 2025 monthly Sep 1999 - Aug 2025
Government Debt: % of GDP (%) 69.0 Jun 2025 quarterly Dec 2009 - Jun 2025
Forecast: Government Expenditure (KES bn) 6,515.675 2030 yearly 1982 - 2030
Forecast: Government Net Debt (KES bn) 19,848.135 2030 yearly 1998 - 2030
Forecast: Government Revenue (KES bn) 5,159.680 2030 yearly 1982 - 2030
Central Government Expenditure: ytd: Development (KES mn) 158,000.000 Nov 2024 monthly Sep 1999 - Nov 2024
Central Government Revenue and Grants: ytd: Revenue (KES mn) 1,092,200.000 Nov 2024 monthly Sep 1999 - Nov 2024
Central Government Expenditure: ytd: Recurrent (KES mn) 1,093,000.000 Nov 2024 monthly Sep 1999 - Nov 2024
Central Government Expenditure: ytd (KES mn) 1,443,100.000 Nov 2024 monthly Sep 1999 - Nov 2024
Central Government Revenue and Grants: ytd: Revenue: Tax (KES mn) 679,400.000 Oct 2024 monthly Sep 1999 - Oct 2024
Central Government Revenue and Grants: ytd: Revenue: Tax: Excise Duty (KES mn) 115,900.000 Nov 2024 monthly Sep 1999 - Nov 2024
Central Government Revenue and Grants: ytd: Revenue: Tax: VAT (KES mn) 248,200.000 Nov 2024 monthly Sep 1999 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.212 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,175.1 Sep 2025 monthly Oct 1992 - Sep 2025
Total Exports (USD mn) 747.8 Sep 2025 monthly Aug 1998 - Sep 2025
Total Exports Growth (%) -25.1 Sep 2025 monthly Aug 1999 - Sep 2025
Aluminum: Exports (USD th) 6,652.580 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 137,291.301 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 36,135.594 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,922.9 Sep 2025 monthly Aug 1998 - Sep 2025
Total Imports Growth (%) -3.6 Sep 2025 monthly Aug 1999 - Sep 2025
Imports: Medicament (USD th) 437,549.295 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 231,810.109 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 51.523 Aug 2025 monthly Jan 1998 - Aug 2025
Total Imports from USA (USD mn) 104.790 Sep 2025 monthly Jan 1998 - Sep 2025
Total Exports to China (USD mn) 25.291 Jul 2025 monthly Apr 1998 - Jul 2025
Total Imports from China (USD mn) 420.626 Aug 2025 monthly Jan 2001 - Aug 2025
Exports (KES mn) 96,644.470 Sep 2025 monthly Aug 1998 - Sep 2025
Exports: Re-Exports (KES mn) 9,777.190 Nov 2024 monthly Aug 1998 - Nov 2024
Imports (KES mn) 227,665.150 Nov 2024 monthly Aug 1998 - Nov 2024
Exports: Domestic: Cement (KES mn) 110.210 Dec 2024 monthly Aug 1998 - Dec 2024
Exports: Domestic: Coffee (KES mn) 2,025.080 Dec 2024 monthly Aug 1998 - Dec 2024
Exports: Domestic: Horticulture (KES mn) 10,919.320 Dec 2024 monthly Aug 1998 - Dec 2024
Exports: Domestic: Tea (KES mn) 13,808.090 Dec 2024 monthly Aug 1998 - Dec 2024
Exports: Domestic: Chemicals (KES mn) 5,610.320 Dec 2024 monthly Aug 1998 - Dec 2024
Exports: Netherlands (KES mn) 4,948.970 Dec 2024 monthly Jan 1998 - Dec 2024
Exports: Uganda (KES mn) 8,342.350 Dec 2024 monthly Jan 1998 - Dec 2024
Exports: Tanzania (KES mn) 5,262.690 Dec 2024 monthly Jan 1998 - Dec 2024
Exports: United Kingdom (KES mn) 5,045.280 Dec 2024 monthly Jan 1998 - Dec 2024
Imports: Mineral Fuels, Lubricants and Related Materials (KES mn) 46,977.700 Dec 2024 monthly Aug 1998 - Dec 2024
Imports: Food and Live Animals (KES mn) 17,032.330 Dec 2024 monthly Aug 1998 - Dec 2024
Imports: Chemicals (KES mn) 29,382.760 Dec 2024 monthly Aug 1998 - Dec 2024
Imports: Machinery and Transport Equipment (KES mn) 48,967.450 Dec 2024 monthly Aug 1998 - Dec 2024
Imports: Manufactured Goods Classified Chiefly by Materials (KES mn) 35,443.980 Dec 2024 monthly Aug 1998 - Dec 2024
Imports: United Arab Emirates (KES mn) 23,094.180 Nov 2024 monthly Jan 1998 - Nov 2024
Imports: Italy (KES mn) 2,386.750 Dec 2024 monthly Jan 1998 - Dec 2024
Imports: Saudi Arabia (KES mn) 12,730.420 Nov 2024 monthly Jan 1998 - Nov 2024
Imports: India (KES mn) 28,280.580 Nov 2024 monthly Jan 1998 - Nov 2024
Imports: South Africa (KES mn) 5,212.520 Nov 2024 monthly Jan 1998 - Nov 2024
Exports Volume Index (2009=100) 125.500 2022 yearly 2007 - 2022
Imports Volume Index (2009=100) 124.300 2022 yearly 2007 - 2022
Export Value Index (2015=100) 114.099 2021 yearly 1980 - 2021
Import Value Index (2015=100) 121.536 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 417.6 2024 yearly 2009 - 2024
Current Account Balance (USD mn) -124.0 Jun 2025 monthly Jan 2002 - Jun 2025
Current Account Balance: % of GDP (%) -1.9 Jun 2025 quarterly Mar 2009 - Jun 2025
Foreign Direct Investment (USD mn) 463.4 2024 yearly 1970 - 2024
Foreign Direct Investment: % of GDP (%) 0.4 2024 yearly 1996 - 2024
Foreign Portfolio Investment (USD mn) 430.625 2024 yearly 2009 - 2024
Foreign Portfolio Investment: % of GDP (%) 0.4 2024 yearly 2009 - 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -122.5 2024 yearly 2009 - 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 553.136 2024 yearly 2009 - 2024
External Debt (USD mn) 41,807.5 Aug 2025 monthly Sep 1999 - Aug 2025
External Debt: % of GDP (%) 31.2 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 2,815.4 2023 yearly 1970 - 2023
External Debt: Short Term: % of GDP (%) 2.6 2023 yearly 1996 - 2023
Forecast: Current Account Balance (USD bn) -6.168 2030 yearly 1980 - 2030
Balance of Payment: Current Account (USD mn) -266.000 Jun 2024 monthly Dec 2014 - Jun 2024
BoP: Reserves and Related Items: Reserve Assets (KES mn) -24,917.900 2017 yearly 2009 - 2017
BoP: Net Errors and Omissions (KES mn) 6,858.800 2017 yearly 2009 - 2017
BoP: Current Account: Services: Credit (USD mn) 1,438.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Services: Debit (USD mn) 1,293.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Direct Investment: Assets (USD mn) 110.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Primary Income: Credit (USD mn) 80.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Capital Account n.i.e (USD mn) 10.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Primary Income: Debit (USD mn) 912.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Services (USD mn) 182.000 Mar 2024 quarterly Mar 2015 - Mar 2024
BoP: Current Account n.i.e (USD mn) -1,452.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Capital Account: Credit n.i.e (USD mn) 10.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Goods (USD mn) -2,273.000 Mar 2024 quarterly Mar 2015 - Mar 2024
BoP: Financial Account n.i.e (USD mn) -1,260.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Goods: Imports (USD mn) 5,221.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Direct Investment: Liabilities n.i.e (USD mn) 186.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Capital Account: Debit (USD mn) 0.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Goods: Exports (USD mn) 2,195.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Other Investment: Assets (USD mn) -184.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Secondary Income: Debit (USD mn) 32.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Other Investment: Liabilities n.i.e (USD mn) 917.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Portfolio Investment: Liabilities n.i.e (USD mn) 135.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net (USD mn) -18.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Current Account: Secondary Income: Credit n.i.e (USD mn) 2,004.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Portfolio Investment: Assets (USD mn) 71.000 Sep 2024 quarterly Mar 2015 - Sep 2024
Balance of Payments (BoP) (USD mn) -140.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account: Direct Investment: Liabilities (KES mn) 101,915.400 2023 yearly 2009 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 15.1 Jun 2025 quarterly Mar 2016 - Jun 2025
Non-Performing Loans (USD mn) 2,674.259 Dec 2019 monthly Apr 2001 - Dec 2019
Money Supply M1 (USD mn) 17,804.587 Sep 2025 monthly Dec 1995 - Sep 2025
Money Supply M2 (USD mn) 39,983.357 Sep 2025 monthly Dec 1995 - Sep 2025
M2 Growth (%) 27.8 Sep 2025 monthly Dec 1996 - Sep 2025
Reserve Requirement Ratio (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023
Foreign Exchange Reserves (USD mn) 11,480.5 Aug 2025 monthly Dec 2000 - Aug 2025
Foreign Exchange Reserves: % of GDP (%) 8.977 Jun 2025 quarterly Dec 2009 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 5.0 Aug 2025 monthly Sep 2005 - Aug 2025
Gold Reserves (USD mn) 2.237 Oct 2025 monthly Sep 1973 - Oct 2025
Total Deposits (USD mn) 43,578.237 Jun 2025 monthly Jan 1999 - Jun 2025
Total Deposits Growth (%) 6.5 Jun 2025 monthly Jan 2000 - Jun 2025
Domestic Credit (USD mn) 52,325.8 Jul 2025 monthly Dec 1995 - Jul 2025
Domestic Credit Growth (%) 8.0 Jul 2025 monthly Dec 1996 - Jul 2025
Total Loans (USD mn) 58,481.108 Jun 2025 monthly Jan 1999 - Jun 2025
Total Loans Growth (%) 10.54 Jun 2025 monthly Jan 2000 - Jun 2025
Private Debt: % of Nominal GDP (%) 27.48 Jun 2025 quarterly Dec 2009 - Jun 2025
Money Supply: M3: M2 (KES mn) 4,231,335.358 Dec 2024 monthly Dec 1995 - Dec 2024
Money Supply: M3 (KES mn) 5,488,738.058 Dec 2024 monthly Dec 1995 - Dec 2024
Money Supply: M3: M2: M1 (KES mn) 2,121,395.209 Dec 2024 monthly Dec 1995 - Dec 2024

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