Gross savings in Kenya
Kenya: Gross savings was 15.9% in 2024. ▼ Falling
Gross savings in Kenya, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Kenya stood at 15.9%.
Compared with earlier readings it is down 2.0% on the previous year and up 132.9% over ten years.
Over the whole period, gross savings in Kenya peaked at 39.6% in 1993 and was at its lowest, 5.7%, in 2013.
That places Kenya 131st out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Gross savings in Kenya, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 12.6% | — |
| 1976 | 18.2% | +44.0% |
| 1977 | 26.2% | +44.4% |
| 1978 | 18.9% | -28.1% |
| 1979 | 14.8% | -21.6% |
| 1980 | 17.8% | +20.6% |
| 1981 | 20.3% | +14.0% |
| 1982 | 16.8% | -17.2% |
| 1983 | 20.9% | +24.4% |
| 1984 | 18.6% | -11.4% |
| 1985 | 24.8% | +33.8% |
| 1986 | 21.9% | -11.6% |
| 1987 | 18.9% | -13.8% |
| 1988 | 21.0% | +11.0% |
| 1989 | 15.0% | -28.4% |
| 1990 | 19.8% | +31.9% |
| 1991 | 20.3% | +2.3% |
| 1992 | 15.8% | -22.1% |
| 1993 | 39.6% | +150.8% |
| 1994 | 35.6% | -10.2% |
| 1995 | 24.7% | -30.6% |
| 1996 | 16.8% | -32.0% |
| 1997 | 16.5% | -1.8% |
| 1998 | 16.4% | -0.5% |
| 1999 | 18.7% | +14.2% |
| 2000 | 13.0% | -30.5% |
| 2001 | 9.9% | -24.0% |
| 2002 | 8.6% | -12.9% |
| 2003 | 9.6% | +11.2% |
| 2004 | 12.1% | +25.9% |
| 2005 | 13.9% | +15.0% |
| 2006 | 16.1% | +16.1% |
| 2007 | 16.7% | +3.9% |
| 2008 | 15.4% | -7.9% |
| 2009 | 7.6% | -50.8% |
| 2010 | 8.1% | +6.9% |
| 2011 | 7.3% | -10.0% |
| 2012 | 7.3% | +0.1% |
| 2013 | 5.7% | -22.3% |
| 2014 | 6.8% | +20.5% |
| 2015 | 7.6% | +10.4% |
| 2016 | 14.1% | +87.4% |
| 2017 | 13.5% | -4.3% |
| 2018 | 14.7% | +8.5% |
| 2019 | 14.3% | -2.7% |
| 2020 | 15.4% | +7.9% |
| 2021 | 16.8% | +8.7% |
| 2022 | 16.5% | -1.6% |
| 2023 | 16.3% | -1.6% |
| 2024 | 15.9% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1% | 12.6% | 26.2% | 5 |
| 1980s | 19.6% | 15.0% | 24.8% | 10 |
| 1990s | 22.4% | 15.8% | 39.6% | 10 |
| 2000s | 12.3% | 7.6% | 16.7% | 10 |
| 2010s | 9.9% | 5.7% | 14.7% | 10 |
| 2020s | 16.2% | 15.4% | 16.8% | 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)
- Industry (including construction), value added (constant 2015 US$) 4.7 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 326.09 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.7 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 14.02 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 33,121 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 11.63 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5505 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Kenya?
- Gross savings in Kenya was 15.9% 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 39.6% in 1993.
- What is the lowest gross savings recorded in Kenya?
- The lowest recorded value was 5.7% in 2013.
- How does Kenya rank for gross savings?
- Kenya ranks 131st out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kenya?
- Over the last ten years it is up 132.9%. The long-run trend across the full record is falling.
- Where does this Kenya data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.