Gross savings in Kenya
Kenya: Gross savings was 18.74 billion current US$ in 2024. ◆ Volatile
Gross savings in Kenya, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Kenya is 18.74 billion current US$, measured in 2024. That is the highest value across all 50 years on record.
That represents a change of up 9.2% on the previous year and up 352.3% over ten years.
Over the whole period, gross savings in Kenya peaked at 18.74 billion current US$ in 2024 and was at its lowest, 399.51 million current US$, in 1975.
Kenya ranks 78th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Kenya, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 399.51 million current US$ | — |
| 1976 | 605.60 million current US$ | +51.6% |
| 1977 | 1.14 billion current US$ | +87.8% |
| 1978 | 964.95 million current US$ | -15.2% |
| 1979 | 888.50 million current US$ | -7.9% |
| 1980 | 1.26 billion current US$ | +41.3% |
| 1981 | 1.35 billion current US$ | +7.4% |
| 1982 | 1.04 billion current US$ | -22.9% |
| 1983 | 1.21 billion current US$ | +16.6% |
| 1984 | 1.11 billion current US$ | -8.3% |
| 1985 | 1.47 billion current US$ | +32.4% |
| 1986 | 1.54 billion current US$ | +4.4% |
| 1987 | 1.46 billion current US$ | -5.2% |
| 1988 | 1.69 billion current US$ | +15.9% |
| 1989 | 1.21 billion current US$ | -28.3% |
| 1990 | 1.63 billion current US$ | +34.6% |
| 1991 | 1.58 billion current US$ | -3.0% |
| 1992 | 1.24 billion current US$ | -21.4% |
| 1993 | 2.14 billion current US$ | +72.1% |
| 1994 | 2.42 billion current US$ | +13.0% |
| 1995 | 2.15 billion current US$ | -10.8% |
| 1996 | 1.99 billion current US$ | -7.9% |
| 1997 | 2.13 billion current US$ | +7.5% |
| 1998 | 2.29 billion current US$ | +7.4% |
| 1999 | 2.38 billion current US$ | +4.0% |
| 2000 | 1.64 billion current US$ | -31.4% |
| 2001 | 1.27 billion current US$ | -22.4% |
| 2002 | 1.12 billion current US$ | -11.6% |
| 2003 | 1.41 billion current US$ | +25.9% |
| 2004 | 1.93 billion current US$ | +36.3% |
| 2005 | 2.60 billion current US$ | +35.0% |
| 2006 | 4.15 billion current US$ | +59.6% |
| 2007 | 5.32 billion current US$ | +28.4% |
| 2008 | 5.53 billion current US$ | +3.8% |
| 2009 | 2.80 billion current US$ | -49.3% |
| 2010 | 3.23 billion current US$ | +15.2% |
| 2011 | 3.06 billion current US$ | -5.3% |
| 2012 | 3.67 billion current US$ | +19.7% |
| 2013 | 3.09 billion current US$ | -15.6% |
| 2014 | 4.14 billion current US$ | +34.0% |
| 2015 | 4.77 billion current US$ | +15.2% |
| 2016 | 10.44 billion current US$ | +118.8% |
| 2017 | 10.89 billion current US$ | +4.3% |
| 2018 | 13.34 billion current US$ | +22.5% |
| 2019 | 14.12 billion current US$ | +5.9% |
| 2020 | 15.43 billion current US$ | +9.3% |
| 2021 | 18.15 billion current US$ | +17.6% |
| 2022 | 18.61 billion current US$ | +2.6% |
| 2023 | 17.16 billion current US$ | -7.8% |
| 2024 | 18.74 billion current US$ | +9.2% |
Kenya compared with similar countries
- Kenya's 18.74 billion current US$ is above the median for lower middle income countries, which is 4.69 billion current US$, 4.0× the median. (45 countries reporting)
- Kenya's 18.74 billion current US$ is above the median for Sub-Saharan Africa, which is 3.44 billion current US$, 5.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 799.20 million current US$ | 399.51 million current US$ | 1.14 billion current US$ | 5 |
| 1980s | 1.33 billion current US$ | 1.04 billion current US$ | 1.69 billion current US$ | 10 |
| 1990s | 2.00 billion current US$ | 1.24 billion current US$ | 2.42 billion current US$ | 10 |
| 2000s | 2.78 billion current US$ | 1.12 billion current US$ | 5.53 billion current US$ | 10 |
| 2010s | 7.08 billion current US$ | 3.06 billion current US$ | 14.12 billion current US$ | 10 |
| 2020s | 17.62 billion current US$ | 15.43 billion current US$ | 18.74 billion current US$ | 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$), annual growth rate 23.12 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Kenya?
- Gross savings in Kenya was 18.74 billion current US$ 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 18.74 billion current US$ in 2024.
- What is the lowest gross savings recorded in Kenya?
- The lowest recorded value was 399.51 million current US$ in 1975.
- How does Kenya rank for gross savings?
- Kenya ranks 78th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Kenya?
- Over the last ten years it is up 352.3%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.