Kenya vs Lower middle income: Saved at a financial institution or using a mobile money account
Kenya
54.4%
in 2024
Lower middle income
26.1%
in 2024
Kenya rank
4th
Lower middle income rank
7th
Saved at a financial institution or using a mobile money account over time
- Kenya
- Lower middle income
How they compare
Kenya currently reports 54.4% against 26.1% in Lower middle income, a difference of 28.3%.
That makes Kenya's figure about 2.1 times Lower middle income's.
Across all 5 years both countries report, Kenya has been ahead every year.
Kenya ranks 4th and Lower middle income ranks 7th of 82 countries.
Kenya has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Kenya | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 26.8% | 14.4% | 12.3% | Kenya |
| 2020s | 49.7% | 20.6% | 29.2% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher saved at a financial institution or using a mobile money account, Kenya or Lower middle income?
- Kenya, at 54.4% against 26.1% in Lower middle income as of 2024.
- What is the difference in saved at a financial institution or using a mobile money account between Kenya and Lower middle income?
- 28.3%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Lower middle income?
- 5 years are reported by both, from 2011 to 2024.
- How do Kenya and Lower middle income rank globally for saved at a financial institution or using a mobile money account?
- Kenya ranks 4th and Lower middle income ranks 7th of 82 countries.
- Where does this data come from?
- Global Findex Database, published as Saved at a financial institution or using a mobile money account (% age 15+). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution or using a mobile money account to save in the past year, (% age 15+)