Saved at a bank or similar financial institution in Kenya

Kenya: Saved at a bank or similar financial institution was 20.1% in 2024. ▼ Falling

Latest (2024)
20.1%
Change on year
down 6.1%
World rank
35th
of 80 countries
All-time high
30.2%
in 2014
All-time low
20.1%
in 2024
Years of data
5
2011–2024

Saved at a bank or similar financial institution in Kenya, 2011–2024

01020302011201720242011: 23.3 % age 15+2014: 30.2 % age 15+2017: 26.8 % age 15+2021: 21.5 % age 15+2024: 20.1 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

The most recent figure for saved at a bank or similar financial institution in Kenya is 20.1%, measured in 2024. That is the lowest value across all 5 years on record.

The figure is down 6.1% on the previous year and down 33.2% over ten years.

Over the whole period, saved at a bank or similar financial institution in Kenya peaked at 30.2% in 2014 and was at its lowest, 20.1%, in 2024.

Kenya ranks 35th of 80 countries on this measure, in the middle of the range.

Saved at a bank or similar financial institution in Kenya, year by year

Annual values for Saved at a bank or similar financial institution (% age 15+) in Kenya, 2011 to 2024.
Year % age 15+ Change
2011 23.3%
2014 30.2% +29.6%
2017 26.8% -11.3%
2021 21.5% -19.9%
2024 20.1% -6.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 26.8% 23.3% 30.2% 3
2020s 20.8% 20.1% 21.5% 2

Countries ranked near Kenya

  1. 32 Peru 21.6% compare
  2. 33 Ukraine 20.7% compare
  3. 34 Nepal 20.3% compare
  4. 36 Venezuela, Bolivarian Republic of 20.0% compare
  5. 37 Togo 19.9% compare
  6. 38 Georgia 18.7% compare

See the full ranking of 90 places →

More reference data data for Kenya

All data for Kenya →

Frequently asked questions

What is saved at a bank or similar financial institution in Kenya?
Saved at a bank or similar financial institution in Kenya was 20.1% in 2024, according to Global Findex Database.
What is the highest saved at a bank or similar financial institution recorded in Kenya?
The highest recorded value was 30.2% in 2014.
What is the lowest saved at a bank or similar financial institution recorded in Kenya?
The lowest recorded value was 20.1% in 2024.
How does Kenya rank for saved at a bank or similar financial institution?
Kenya ranks 35th out of 80 countries with data for 2024.
Is saved at a bank or similar financial institution rising or falling in Kenya?
Over the last ten years it is down 33.2%. The long-run trend across the full record is falling.
Where does this Kenya data come from?
The figures come from Global Findex Database, published as part of Saved at a bank or similar financial institution (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a bank or similar financial institution in Kenya. Statizoid, drawing on Global Findex Database. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/saved-at-a-bank-or-similar-financial-institution-percent-age-15/kenya/

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About this data

Indicator
Saved at a bank or similar financial institution (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
90 places, 450 data points, 2011–2024
Last refreshed

The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution in the past year, (% age 15+)