Kenya - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Kenya was 32.01 as of 2020. Its highest value over the past 59 years was 36.65 in 2015, while its lowest value was 11.80 in 1962.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1961 12.31
1962 11.80
1963 13.18
1964 13.69
1965 13.76
1966 12.61
1967 14.58
1968 12.89
1969 12.73
1970 15.12
1971 17.43
1972 16.49
1973 17.89
1974 17.98
1975 17.33
1976 16.83
1977 17.51
1978 21.71
1979 20.97
1980 21.81
1981 21.00
1982 20.44
1983 19.32
1984 18.99
1985 19.33
1986 19.31
1987 18.42
1988 18.93
1989 19.22
1990 18.66
1991 19.96
1992 22.15
1993 18.50
1994 19.83
1995 25.63
1996 21.51
1997 24.22
1998 23.81
1999 26.42
2000 25.62
2001 25.07
2002 25.70
2003 24.99
2004 27.13
2005 26.13
2006 22.77
2007 22.93
2008 25.28
2009 21.79
2010 23.90
2011 27.23
2012 26.35
2013 28.26
2014 34.46
2015 36.65
2016 35.53
2017 33.11
2018 31.16
2019 30.74
2020 32.01

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets