Kenya M2 Growth

1996 - 2025 | Monthly | % | CEIC Data

Key information about Kenya M2 Growth

  • Kenya Money Supply M2 increased 11.2 % YoY in Oct 2025, compared with a growth of 11.1 % in the previous month
  • Kenya Money Supply M2 growth data is updated monthly, available from Dec 1996 to Oct 2025
  • The data reached an all-time high of 27.9 % in Apr 2008 and a record low of -2.6 % in Aug 2001

CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Kenya provides M2 in local currency

View Kenya's M2 Growth from Dec 1996 to Oct 2025 in the chart:

Kenya M2 Growth

What was Kenya's M2 Growth in Oct 2025?

Kenya Money Supply M2 increased 11.2 % YoY in Oct 2025, compared with a growth of 11.1 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
11.2 Oct 2025 11.1 Sep 2025 -2.6 Aug 2001 27.9 Apr 2008 % monthly Dec 1996 - Oct 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 14.5 Nov 2025 monthly Dec 1994 - Nov 2025
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 37.9 Sep 2025 monthly Jan 1991 - Sep 2025
Armenia (%) 22.1 Sep 2025 monthly Jan 2003 - Sep 2025
Australia (%) 7.1 Nov 2025 monthly Mar 1966 - Nov 2025
Austria (%) 1.3 Nov 2025 monthly Sep 1998 - Nov 2025
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 1.7 Nov 2025 monthly Dec 1975 - Nov 2025
Bangladesh (%) 8.9 Nov 2025 monthly Jun 1987 - Nov 2025
Belarus (%) 26.3 Nov 2025 monthly Dec 1990 - Nov 2025
Belgium (%) 2.7 Nov 2025 monthly Dec 1997 - Nov 2025
Bolivia (%) 18.1 Sep 2025 monthly Dec 1988 - Sep 2025
Bosnia and Herzegovina (%) 9.8 Nov 2025 monthly Aug 1998 - Nov 2025
Botswana (%) -0.5 Sep 2025 monthly Jan 2002 - Sep 2025
Brazil (%) 11.6 Nov 2025 monthly Jan 1971 - Nov 2025
Bulgaria (%) 7.7 Oct 2025 monthly Dec 1996 - Oct 2025
Cambodia (%) 14.6 Nov 2025 monthly Jan 1996 - Nov 2025
Canada (%) 5.2 Sep 2025 monthly Jan 1969 - Sep 2025
Chile (%) 2.5 Dec 2025 monthly Jan 1987 - Dec 2025
China (%) 8.0 Nov 2025 monthly Mar 1997 - Nov 2025
Colombia (%) 11.0 Nov 2025 monthly Dec 1980 - Nov 2025
Croatia (%) 7.7 Nov 2025 monthly Jun 1995 - Nov 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 2.7 Nov 2025 monthly Jan 2003 - Nov 2025
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 13.5 Oct 2025 monthly Dec 2007 - Oct 2025
Egypt (%) 22.1 Nov 2025 monthly Jan 1997 - Nov 2025
Estonia (%) 4.5 Nov 2025 monthly Jan 2012 - Nov 2025
European Union (%) 3.2 Nov 2025 monthly Jan 1981 - Nov 2025
Finland (%) 3.1 Nov 2025 monthly Jan 1981 - Nov 2025
France (%) 1.1 Nov 2025 monthly Dec 1978 - Nov 2025
Georgia (%) 17.9 Oct 2025 monthly Oct 1996 - Oct 2025
Germany (%) 3.5 Nov 2025 monthly Jan 1970 - Nov 2025
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 3.6 Nov 2025 monthly Jan 2002 - Nov 2025
Hong Kong SAR, China (%) 11.2 Nov 2025 monthly Dec 1981 - Nov 2025
Hungary (%) 5.8 Nov 2025 monthly Jan 1999 - Nov 2025
Iceland (%) 6.0 Nov 2025 monthly Sep 1987 - Nov 2025
India (%) 11.3 Sep 2025 monthly Mar 1995 - Sep 2025
Indonesia (%) 8.3 Nov 2025 monthly Feb 1969 - Nov 2025
Iran (%) 32.4 Jun 2025 monthly Dec 2000 - Jun 2025
Ireland (%) 6.1 Nov 2025 monthly Jan 2000 - Nov 2025
Israel (%) 6.6 Sep 2025 monthly Apr 1982 - Sep 2025
Italy (%) 2.6 Oct 2025 monthly Dec 1975 - Oct 2025
Ivory Coast (%) 22.4 Oct 2025 monthly Jan 2005 - Oct 2025
Japan (%) 1.8 Nov 2025 monthly Jan 1968 - Nov 2025
Jordan (%) 5.7 Oct 2025 monthly Jan 1991 - Oct 2025
Kazakhstan (%) 15.6 Nov 2025 monthly Dec 1994 - Nov 2025
Kenya (%) 11.2 Oct 2025 monthly Dec 1996 - Oct 2025
South Korea (%) 4.9 Oct 2025 monthly Jan 1971 - Oct 2025
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.3 Nov 2025 monthly Jan 1995 - Nov 2025
Kyrgyzstan (%) 50.5 Sep 2025 monthly Jan 1995 - Sep 2025
Laos (%) 15.7 Sep 2025 quarterly Dec 2000 - Sep 2025
Latvia (%) 7.6 Nov 2025 monthly Jan 2015 - Nov 2025
Lebanon (%) 33.9 Sep 2025 monthly Dec 1980 - Sep 2025
Lithuania (%) 6.2 Nov 2025 monthly Dec 1994 - Nov 2025
Luxembourg (%) 5.7 Nov 2025 monthly Jan 2000 - Nov 2025
Macau SAR, China (%) 6.8 Nov 2025 monthly Jun 1985 - Nov 2025
North Macedonia (%) 11.7 Nov 2025 monthly Jan 2004 - Nov 2025
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 3.9 Nov 2025 monthly Dec 1970 - Nov 2025
Malta (%) 3.9 Nov 2025 monthly Jan 2009 - Nov 2025
Mauritius (%) 8.9 Nov 2025 monthly Jul 1977 - Nov 2025
Mexico (%) 7.6 Nov 2025 monthly Dec 1986 - Nov 2025
Moldova (%) 12.9 Nov 2025 monthly Jan 2001 - Nov 2025
Mongolia (%) 10.5 Nov 2025 monthly Dec 1997 - Nov 2025
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 9.1 Oct 2025 monthly Jan 1986 - Oct 2025
Mozambique (%) 11.9 Oct 2025 monthly Dec 2002 - Oct 2025
Myanmar (%) 20.0 Mar 2025 quarterly Dec 2002 - Mar 2025
Nepal (%) 12.9 Dec 2025 monthly Jan 2002 - Dec 2025
Netherlands (%) 2.9 Nov 2025 monthly Dec 1957 - Nov 2025
New Zealand (%) 4.5 Nov 2025 monthly Mar 1989 - Nov 2025
Nigeria (%) 12.8 Nov 2025 monthly Apr 1991 - Nov 2025
Norway (%) 5.5 Nov 2025 monthly Dec 1993 - Nov 2025
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 14.4 Nov 2025 monthly Jan 1989 - Nov 2025
Palestinian Territory (%) 15.8 Nov 2025 monthly Jul 2003 - Nov 2025
Panama (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Paraguay (%) 13.2 Nov 2025 monthly Dec 1989 - Nov 2025
Peru (%) 5.3 Nov 2025 monthly Jan 1993 - Nov 2025
Philippines (%) 8.8 Oct 2025 monthly Dec 1989 - Oct 2025
Poland (%) 10.6 Nov 2025 monthly Dec 1997 - Nov 2025
Portugal (%) 6.0 Oct 2025 monthly Dec 1980 - Oct 2025
Qatar (%) 1.2 Nov 2025 monthly Jan 1983 - Nov 2025
Romania (%) 6.6 Nov 2025 monthly Dec 2002 - Nov 2025
Russia (%) 13.0 Oct 2025 monthly Dec 1992 - Oct 2025
Saudi Arabia (%) 6.6 Nov 2025 monthly Jan 1994 - Nov 2025
Serbia (%) 11.0 Nov 2025 monthly Aug 2002 - Nov 2025
Singapore (%) 6.1 Nov 2025 monthly Mar 2005 - Nov 2025
Slovakia (%) 4.7 Nov 2025 monthly Dec 2001 - Nov 2025
Slovenia (%) 6.5 Nov 2025 monthly Jan 2008 - Nov 2025
South Africa (%) 7.8 Nov 2025 monthly Mar 1966 - Nov 2025
Spain (%) 4.7 Nov 2025 monthly Jan 1963 - Nov 2025
Sri Lanka (%) 10.8 Sep 2025 monthly Jan 1995 - Sep 2025
Sudan (%) 82.3 Nov 2025 monthly Dec 2004 - Nov 2025
Sweden (%) 3.2 Nov 2025 monthly Jan 1999 - Nov 2025
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Kenya Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.6 Sep 2025 quarterly Dec 2009 - Sep 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) 93,267.3 Sep 2025 monthly Sep 1999 - Sep 2025
Government Debt: % of GDP (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 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 Revenue and Grants: ytd: Revenue: Tax: Excise Duty (KES mn) 48,500.000 Aug 2025 monthly Sep 1999 - Aug 2025
Central Government Expenditure: ytd: Development (KES mn) 53,800.000 Aug 2025 monthly Sep 1999 - Aug 2025
Central Government Revenue and Grants: ytd: Revenue (KES mn) 693,000.000 Sep 2025 monthly Sep 1999 - Sep 2025
Central Government Expenditure: ytd (KES mn) 992,500.000 Sep 2025 monthly Sep 1999 - Sep 2025
Central Government Revenue and Grants: ytd: Revenue: Tax: VAT (KES mn) 173,400.000 Sep 2025 monthly Sep 1999 - Sep 2025
Central Government Expenditure: ytd: Recurrent (KES mn) 785,200.000 Sep 2025 monthly Sep 1999 - Sep 2025
Central Government Revenue and Grants: ytd: Revenue: Tax (KES mn) 1,811,438.000 Apr 2025 monthly Sep 1999 - Apr 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.212 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,129.9 Nov 2025 monthly Oct 1992 - Nov 2025
Total Exports (USD mn) 696.3 Nov 2025 monthly Aug 1998 - Nov 2025
Total Exports Growth (%) -30.4 Oct 2025 monthly Aug 1999 - Oct 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 (%) -11.0 Nov 2025 monthly Aug 1999 - Nov 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) 50.248 Nov 2025 monthly Jan 1998 - Nov 2025
Total Imports from USA (USD mn) 54.542 Nov 2025 monthly Jan 1998 - Nov 2025
Total Exports to China (USD mn) 12.769 Sep 2025 monthly Apr 1998 - Sep 2025
Total Imports from China (USD mn) 437.921 Nov 2025 monthly Jan 2001 - Nov 2025
Exports: Domestic: Horticulture (KES mn) 14,373.020 Sep 2025 monthly Aug 1998 - Sep 2025
Exports: Domestic: Coffee (KES mn) 2,749.580 Oct 2025 monthly Aug 1998 - Oct 2025
Exports: Domestic: Cement (KES mn) 162.760 Sep 2025 monthly Aug 1998 - Sep 2025
Exports: Domestic: Tea (KES mn) 15,875.410 Nov 2025 monthly Aug 1998 - Nov 2025
Exports: Netherlands (KES mn) 4,791.090 Nov 2025 monthly Jan 1998 - Nov 2025
Exports: Uganda (KES mn) 11,228.850 Nov 2025 monthly Jan 1998 - Nov 2025
Exports: Tanzania (KES mn) 4,683.570 Nov 2025 monthly Jan 1998 - Nov 2025
Exports: United Kingdom (KES mn) 5,331.560 Nov 2025 monthly Jan 1998 - Nov 2025
Imports: United Arab Emirates (KES mn) 26,137.070 Nov 2025 monthly Jan 1998 - Nov 2025
Imports: Saudi Arabia (KES mn) 9,801.470 Nov 2025 monthly Jan 1998 - Nov 2025
Imports: Italy (KES mn) 2,366.680 Aug 2025 monthly Jan 1998 - Aug 2025
Imports: India (KES mn) 22,042.940 Nov 2025 monthly Jan 1998 - Nov 2025
Imports: South Africa (KES mn) 6,101.980 Oct 2025 monthly Jan 1998 - Oct 2025
Imports: Mineral Fuels, Lubricants and Related Materials (KES mn) 78,884.370 Sep 2025 monthly Aug 1998 - Sep 2025
Imports: Chemicals (KES mn) 30,112.760 Sep 2025 monthly Aug 1998 - Sep 2025
Exports (KES mn) 125,803.300 Sep 2025 monthly Aug 1998 - Sep 2025
Exports: Re-Exports (KES mn) 12,297.360 Nov 2025 monthly Aug 1998 - Nov 2025
Imports (KES mn) 254,008.150 Oct 2025 monthly Aug 1998 - Oct 2025
Exports: Domestic: Chemicals (KES mn) 5,610.320 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: Food and Live Animals (KES mn) 17,032.330 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 Volume Index (2009=100) 124.300 2022 yearly 2007 - 2022
Exports Volume Index (2009=100) 125.500 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) 2,007.8 2024 yearly 1970 - 2024
External Debt: Short Term: % of GDP (%) 1.7 2024 yearly 1996 - 2024
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: Goods (USD mn) -2,273.000 Mar 2024 quarterly Mar 2015 - Mar 2024
BoP: Current Account: Goods: Imports (USD mn) 5,221.000 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: Current Account n.i.e (USD mn) -1,452.000 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: Current Account: Services: Credit (USD mn) 1,438.000 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: Services: Debit (USD mn) 1,293.000 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: Secondary Income: Debit (USD mn) 32.000 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: Primary Income: Credit (USD mn) 80.000 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: Secondary Income: Credit n.i.e (USD mn) 2,004.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Financial Account n.i.e (USD mn) -1,260.000 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: Financial Account: Portfolio Investment: Assets (USD mn) 71.000 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: Financial Account: Portfolio Investment: Liabilities n.i.e (USD mn) 135.000 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: Financial Account: Financial Derivatives: Net (USD mn) -18.000 Sep 2024 quarterly Mar 2015 - Sep 2024
BoP: Capital Account n.i.e (USD mn) 10.000 Sep 2024 quarterly Mar 2015 - Sep 2024
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) 17,833.741 Oct 2025 monthly Dec 1995 - Oct 2025
Money Supply M2 (USD mn) 40,281.524 Oct 2025 monthly Dec 1995 - Oct 2025
M2 Growth (%) 11.2 Oct 2025 monthly Dec 1996 - Oct 2025
Reserve Requirement Ratio (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023
Foreign Exchange Reserves (USD mn) 11,383.6 Sep 2025 monthly Dec 2000 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 8.419 Sep 2025 quarterly Dec 2009 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.9 Sep 2025 monthly Sep 2005 - Sep 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 (KES mn) 6,492,000.000 Oct 2025 monthly Dec 1995 - Oct 2025
Money Supply: M3: M2: M1 (KES mn) 2,304,822.000 Oct 2025 monthly Dec 1995 - Oct 2025
Money Supply: M3: M2 (KES mn) 5,205,960.000 Oct 2025 monthly Dec 1995 - Oct 2025

More Indicators for Kenya

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