Kenya Government Debt: % of GDP

2009 - 2023 | Quarterly | % | CEIC Data

Key information about Kenya Government Debt: % of GDP

  • Kenya Government debt accounted for 68.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 68.4 % in the previous quarter.
  • Kenya government debt to GDP ratio data is updated quarterly, available from Dec 2009 to Mar 2023.
  • The data reached an all-time high of 68.6 % in Sep 2021 and a record low of 39.7 % in Mar 2010.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Central Bank of Kenya provides Government Debt in local currency. The Kenya National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Kenya Government Debt: % of GDP

  • In the latest reports, Kenya National Government Debt reached 71.5 USD bn in Sep 2023.
  • The country's Nominal GDP reached 26.9 USD bn in Sep 2022.

View Kenya's Government Debt: % of GDP from Dec 2009 to Mar 2023 in the chart:

Kenya Government Debt: % of GDP

What was Kenya's Government Debt: % of GDP in Mar 2023?

Kenya Government debt accounted for 68.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 68.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
68.3 Mar 2023 68.4 Dec 2022 39.7 Mar 2010 68.6 Sep 2021 % quarterly Dec 2009 - Mar 2023

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 50.5 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 41.8 2022 yearly 1999 - 2022
Austria (%) 78.2 Sep 2023 quarterly Mar 2000 - Sep 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 90.9 Sep 2023 quarterly Dec 2007 - Sep 2023
Bangladesh (%) 23.9 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 74.3 Dec 2023 quarterly Dec 2006 - Dec 2023
Bulgaria (%) 21.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 67.8 2023 yearly 1962 - 2023
Chile (%) 36.8 Sep 2023 quarterly Mar 2002 - Sep 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 59.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 77.4 Dec 2023 quarterly Dec 2010 - Dec 2023
Czech Republic (%) 44.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Denmark (%) 30.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Ecuador (%) 64.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.2 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 82.6 Sep 2023 quarterly Mar 2000 - Sep 2023
Finland (%) 74.2 Sep 2023 quarterly Mar 2000 - Sep 2023
France (%) 111.7 Sep 2023 quarterly Dec 1995 - Sep 2023
Georgia (%) 37.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Germany (%) 64.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 166.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Hong Kong SAR, China (%) 50.1 2023 yearly 2003 - 2023
Hungary (%) 71.2 Sep 2023 quarterly Dec 1990 - Sep 2023
Iceland (%) 64.8 2023 yearly 1998 - 2023
India (%) 59.3 Sep 2023 quarterly Mar 2012 - Sep 2023
Indonesia (%) 39.0 Dec 2023 quarterly Jun 2015 - Dec 2023
Iran (%) 8.9 Mar 2023 quarterly Mar 1998 - Mar 2023
Ireland (%) 43.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.5 Dec 2023 quarterly Dec 1994 - Dec 2023
Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 23.1 Sep 2023 quarterly Mar 2005 - Sep 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 46.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Sep 2023 quarterly Mar 2000 - Sep 2023
Luxembourg (%) 25.7 Sep 2023 quarterly Dec 1997 - Sep 2023
North Macedonia (%) 51.6 Sep 2023 quarterly Dec 2009 - Sep 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 64.3 Dec 2023 quarterly Dec 2010 - Dec 2023
Malta (%) 49.6 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 49.7 Dec 2023 quarterly Dec 2005 - Dec 2023
Moldova (%) 34.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 45.9 Sep 2023 quarterly Dec 1999 - Sep 2023
New Zealand (%) 37.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Nigeria (%) 37.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 36.5 2022 yearly 1995 - 2022
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 72.6 Sep 2023 quarterly Dec 2010 - Sep 2023
Panama (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Paraguay (%) 34.0 Sep 2023 quarterly Dec 2014 - Sep 2023
Peru (%) 32.9 Dec 2023 quarterly Mar 1999 - Dec 2023
Philippines (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Poland (%) 48.7 Sep 2023 quarterly Dec 2002 - Sep 2023
Portugal (%) 99.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 49.0 Sep 2023 quarterly Dec 2011 - Sep 2023
Russia (%) 15.7 Sep 2023 quarterly Dec 2011 - Sep 2023
Saudi Arabia (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
Serbia (%) 52.0 Dec 2023 quarterly Sep 2004 - Dec 2023
Singapore (%) 170.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 70.4 Jun 2023 quarterly Dec 1999 - Jun 2023
South Africa (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
Spain (%) 109.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Sri Lanka (%) 103.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 30.4 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 23.1 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 30.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Kenya Key Series

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Includes 204 key indicators for Kenya, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
Tax Revenue (USD mn) 3,502.694 Sep 2023 monthly Sep 1999 - Sep 2023
Tax Revenue: % of GDP (%) 7.1 2022 yearly 2006 - 2022
National Government Debt (USD mn) 71,454.4 Sep 2023 monthly Sep 1999 - Sep 2023
Government Debt: % of GDP (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
Forecast: Government Expenditure (KES bn) 5,655.330 2028 yearly 1982 - 2028
Forecast: Government Net Debt (KES bn) 16,111.320 2028 yearly 1998 - 2028
Forecast: Government Revenue (KES bn) 4,688.790 2028 yearly 1982 - 2028
Central Government Revenue and Grants: ytd: Revenue: Tax: Excise Duty (KES mn) 68,569.708 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Revenue and Grants: ytd: Revenue: Tax: VAT (KES mn) 153,026.593 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Expenditure: ytd: Development (KES mn) 61,111.623 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Revenue and Grants: ytd: Revenue (KES mn) 586,050.078 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Expenditure: ytd: Recurrent (KES mn) 516,997.428 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Revenue and Grants: ytd: Revenue: Tax (KES mn) 514,086.673 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Expenditure: ytd (KES mn) 644,021.033 Sep 2023 monthly Sep 1999 - Sep 2023
Central Government Surplus or Deficit (KES bn) -478.312 2020 yearly 1998 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.212 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,119.1 Nov 2023 monthly Oct 1992 - Nov 2023
Total Exports (USD mn) 585.2 Nov 2023 monthly Aug 1998 - Nov 2023
Total Exports Growth (%) 18.6 Nov 2023 monthly Aug 1999 - Nov 2023
Aluminum: Exports (USD th) 7,528.435 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 125,626.451 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 16,738.751 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,704.3 Nov 2023 monthly Aug 1998 - Nov 2023
Total Imports Growth (%) 35.0 Nov 2023 monthly Aug 1999 - Nov 2023
Imports: Medicament (USD th) 485,345.284 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 157,854.152 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 28.832 Sep 2023 monthly Jan 1998 - Sep 2023
Total Imports from USA (USD mn) 63.608 Nov 2023 monthly Jan 1998 - Nov 2023
Total Exports to China (USD mn) 14.635 Nov 2023 monthly Apr 1998 - Nov 2023
Total Imports from China (USD mn) 279.097 Sep 2023 monthly Jan 2001 - Sep 2023
Imports (KES mn) 219,664.190 Dec 2023 monthly Aug 1998 - Dec 2023
Exports (KES mn) 88,976.990 Nov 2023 monthly Aug 1998 - Nov 2023
Exports: Re-Exports (KES mn) 9,242.480 Nov 2023 monthly Aug 1998 - Nov 2023
Exports: Domestic: Horticulture (KES mn) 12,660.840 Oct 2023 monthly Aug 1998 - Oct 2023
Exports: Domestic: Tea (KES mn) 17,767.980 Nov 2023 monthly Aug 1998 - Nov 2023
Exports: Domestic: Cement (KES mn) 482.650 Dec 2023 monthly Aug 1998 - Dec 2023
Exports: Domestic: Coffee (KES mn) 1,357.990 Nov 2023 monthly Aug 1998 - Nov 2023
Exports: Domestic: Chemicals (KES mn) 6,499.390 Dec 2023 monthly Aug 1998 - Dec 2023
Exports: Netherlands (KES mn) 5,789.460 Sep 2023 monthly Jan 1998 - Sep 2023
Exports: Tanzania (KES mn) 6,972.140 Sep 2023 monthly Jan 1998 - Sep 2023
Exports: Uganda (KES mn) 11,652.920 Sep 2023 monthly Jan 1998 - Sep 2023
Exports: United Kingdom (KES mn) 5,148.480 Dec 2023 monthly Jan 1998 - Dec 2023
Imports Volume Index (2009=100) 126.600 2021 yearly 2007 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 49.2 2022 yearly 2009 - 2022
Current Account Balance (USD mn) -288.0 Dec 2022 monthly Jan 2002 - Dec 2022
Current Account Balance: % of GDP (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
Foreign Direct Investment (USD mn) 393.6 2022 yearly 1970 - 2022
Foreign Direct Investment: % of GDP (%) 0.3 2022 yearly 1996 - 2022
Foreign Portfolio Investment (USD mn) -230.822 2022 yearly 2009 - 2022
Foreign Portfolio Investment: % of GDP (%) -0.2 2022 yearly 2009 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -97.5 2021 yearly 2009 - 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -22.590 2022 yearly 2009 - 2022
External Debt (USD mn) 38,270.1 Sep 2023 monthly Sep 1999 - Sep 2023
External Debt: % of GDP (%) 35.0 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 2,567.3 2022 yearly 1970 - 2022
External Debt: Short Term: % of GDP (%) 2.3 2022 yearly 1996 - 2022
Forecast: Current Account Balance (USD bn) -7.497 2028 yearly 1980 - 2028
KE: IIP: Net International Investment Position (USD mn) -62,489.498 2021 yearly 2008 - 2021
KE: IIP: Liabilities (USD mn) 88,638.588 2021 yearly 2008 - 2021
KE: IIP: Assets (USD mn) 26,149.090 2021 yearly 2008 - 2021
Balance of Payment: Current Account (USD mn) -288.000 Dec 2022 monthly Dec 2014 - Dec 2022
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
Balance of Payments (BoP) (USD mn) 894.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account n.i.e (USD mn) -1,467.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Goods (USD mn) -2,274.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Goods: Exports (USD mn) 1,874.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Services (USD mn) -196.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Services: Debit (USD mn) 1,243.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Services: Credit (USD mn) 1,047.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Goods: Imports (USD mn) 4,148.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Capital Account: Debit (USD mn) 0.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Capital Account: Credit n.i.e (USD mn) 100.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account n.i.e (USD mn) -1,336.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Financial Account: Direct Investment: Assets (USD mn) -6.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Capital Account n.i.e (USD mn) 23.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Financial Account: Portfolio Investment: Liabilities n.i.e (USD mn) -8.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account: Direct Investment: Liabilities n.i.e (USD mn) 101.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account: Portfolio Investment: Assets (USD mn) 363.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account: Other Investment: Assets (USD mn) 788.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account: Financial Derivatives: Net (USD mn) -3.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Financial Account: Other Investment: Liabilities n.i.e (USD mn) 3,640.000 Jun 2023 quarterly Mar 2015 - Jun 2023
BoP: Current Account: Primary Income: Credit (USD mn) 47.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Secondary Income: Credit n.i.e (USD mn) 1,760.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Secondary Income: Debit (USD mn) 34.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Current Account: Primary Income: Debit (USD mn) 770.000 Sep 2023 quarterly Mar 2015 - Sep 2023
BoP: Financial Account: Direct Investment: Liabilities (KES mn) 46,390.100 2022 yearly 2009 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 11.1 Dec 2021 quarterly Mar 2016 - Dec 2021
Non-Performing Loans (USD mn) 2,674.259 Dec 2019 monthly Apr 2001 - Dec 2019
Money Supply M1 (USD mn) 13,396.080 Oct 2023 monthly Dec 1995 - Oct 2023
Money Supply M2 (USD mn) 25,795.237 Oct 2023 monthly Dec 1995 - Oct 2023
M2 Growth (%) 10.1 Oct 2023 monthly Dec 1996 - Oct 2023
Reserve Requirement Ratio (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023
Foreign Exchange Reserves (USD mn) 7,397.6 Nov 2023 monthly Dec 2000 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 6.126 Mar 2023 quarterly Dec 2009 - Mar 2023
Foreign Exchange Reserves: Months of Import (NA) 3.9 Nov 2023 monthly Sep 2005 - Nov 2023
Gold Reserves (USD mn) 1.070 Jun 2023 monthly Sep 1973 - Jun 2023
Total Deposits (USD mn) 39,205.236 Jun 2023 monthly Jan 1999 - Jun 2023
Total Deposits Growth (%) 12.4 Jun 2023 monthly Jan 2000 - Jun 2023
Domestic Credit (USD mn) 40,483.0 Oct 2023 monthly Dec 1995 - Oct 2023
Domestic Credit Growth (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
Total Loans (USD mn) 50,629.576 Dec 2022 monthly Jan 1999 - Dec 2022
Total Loans Growth (%) 12.21 Dec 2022 monthly Jan 2000 - Dec 2022
Private Debt: % of Nominal GDP (%) 30.13 Dec 2022 quarterly Dec 2009 - Dec 2022

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