Gross savings in Kenya
Kenya: Gross savings was 2.53 trillion current LCU in 2024. ◆ Volatile
Gross savings in Kenya, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Kenya stood at 2.53 trillion current LCU. That is the highest value across all 50 years on record.
That represents a change of up 5.3% on the previous year and up 593.6% over ten years.
Over the whole period, gross savings in Kenya peaked at 2.53 trillion current LCU in 2024 and was at its lowest, 2.93 billion current LCU, in 1975.
That places Kenya 44th out of 178 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Kenya, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 2.93 billion current LCU | — |
| 1976 | 5.07 billion current LCU | +72.7% |
| 1977 | 9.41 billion current LCU | +85.8% |
| 1978 | 7.46 billion current LCU | -20.8% |
| 1979 | 6.64 billion current LCU | -10.9% |
| 1980 | 9.32 billion current LCU | +40.3% |
| 1981 | 12.20 billion current LCU | +31.0% |
| 1982 | 11.35 billion current LCU | -7.0% |
| 1983 | 16.13 billion current LCU | +42.1% |
| 1984 | 16.01 billion current LCU | -0.7% |
| 1985 | 24.17 billion current LCU | +50.9% |
| 1986 | 24.92 billion current LCU | +3.1% |
| 1987 | 23.95 billion current LCU | -3.9% |
| 1988 | 29.93 billion current LCU | +25.0% |
| 1989 | 24.87 billion current LCU | -16.9% |
| 1990 | 37.31 billion current LCU | +50.0% |
| 1991 | 43.44 billion current LCU | +16.4% |
| 1992 | 40.00 billion current LCU | -7.9% |
| 1993 | 123.96 billion current LCU | +209.9% |
| 1994 | 135.42 billion current LCU | +9.2% |
| 1995 | 110.81 billion current LCU | -18.2% |
| 1996 | 113.39 billion current LCU | +2.3% |
| 1997 | 125.34 billion current LCU | +10.5% |
| 1998 | 138.33 billion current LCU | +10.4% |
| 1999 | 167.66 billion current LCU | +21.2% |
| 2000 | 124.66 billion current LCU | -25.6% |
| 2001 | 99.74 billion current LCU | -20.0% |
| 2002 | 88.35 billion current LCU | -11.4% |
| 2003 | 107.23 billion current LCU | +21.4% |
| 2004 | 152.43 billion current LCU | +42.1% |
| 2005 | 196.40 billion current LCU | +28.8% |
| 2006 | 299.07 billion current LCU | +52.3% |
| 2007 | 358.46 billion current LCU | +19.9% |
| 2008 | 382.51 billion current LCU | +6.7% |
| 2009 | 216.94 billion current LCU | -43.3% |
| 2010 | 256.03 billion current LCU | +18.0% |
| 2011 | 271.90 billion current LCU | +6.2% |
| 2012 | 309.81 billion current LCU | +13.9% |
| 2013 | 266.32 billion current LCU | -14.0% |
| 2014 | 364.31 billion current LCU | +36.8% |
| 2015 | 468.44 billion current LCU | +28.6% |
| 2016 | 1.06 trillion current LCU | +126.2% |
| 2017 | 1.13 trillion current LCU | +6.3% |
| 2018 | 1.35 trillion current LCU | +20.0% |
| 2019 | 1.44 trillion current LCU | +6.6% |
| 2020 | 1.64 trillion current LCU | +14.0% |
| 2021 | 1.99 trillion current LCU | +21.1% |
| 2022 | 2.19 trillion current LCU | +10.3% |
| 2023 | 2.40 trillion current LCU | +9.4% |
| 2024 | 2.53 trillion current LCU | +5.3% |
Kenya compared with similar countries
- Kenya's 2.53 trillion current LCU is above the median for lower middle income countries, which is 205.45 billion current LCU, 12.3× the median. (45 countries reporting)
- Kenya's 2.53 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 3.0× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Kenya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +209.9% | 40.00 billion current LCU | 123.96 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.30 billion current LCU | 2.93 billion current LCU | 9.41 billion current LCU | 5 |
| 1980s | 19.29 billion current LCU | 9.32 billion current LCU | 29.93 billion current LCU | 10 |
| 1990s | 103.56 billion current LCU | 37.31 billion current LCU | 167.66 billion current LCU | 10 |
| 2000s | 202.58 billion current LCU | 88.35 billion current LCU | 382.51 billion current LCU | 10 |
| 2010s | 691.49 billion current LCU | 256.03 billion current LCU | 1.44 trillion current LCU | 10 |
| 2020s | 2.15 trillion current LCU | 1.64 trillion current LCU | 2.53 trillion current LCU | 5 |
Countries ranked near Kenya
More economy & growth data for Kenya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.28 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 417.66 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0035 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 7.4 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 463.44 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -8.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0038 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8.21 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 23.12 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Kenya?
- Gross savings in Kenya was 2.53 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Kenya?
- The highest recorded value was 2.53 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Kenya?
- The lowest recorded value was 2.93 billion current LCU in 1975.
- How does Kenya rank for gross savings?
- Kenya ranks 44th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Kenya?
- Over the last ten years it is up 593.6%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.