Saved at a financial institution or using a mobile money account in Kenya

Kenya: Saved at a financial institution or using a mobile money account was 54.4% in 2024. ▲ Rising

Latest (2024)
54.4%
Change on year
up 20.9%
World rank
4th
of 82 countries
All-time high
54.4%
in 2024
All-time low
23.3%
in 2011
Years of data
5
2011–2024

Saved at a financial institution or using a mobile money account in Kenya, 2011–2024

02040602011201720242011: 23.3 % age 15+2014: 30.2 % age 15+2017: 26.8 % age 15+2021: 45 % age 15+2024: 54.4 % age 15+

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

Analysis

In 2024, saved at a financial institution or using a mobile money account in Kenya stood at 54.4%. That is the highest value across all 5 years on record.

The figure is up 20.9% on the previous year and up 80.3% over ten years.

Over the whole period, saved at a financial institution or using a mobile money account in Kenya peaked at 54.4% in 2024 and was at its lowest, 23.3%, in 2011.

That places Kenya 4th out of 82 countries with data for 2024, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2010s 26.8% 23.3% 30.2% 3
2020s 49.7% 45.0% 54.4% 2

Countries ranked near Kenya

  1. 1 Ghana 67.2% compare
  2. 2 China (People’s Republic of) 66.5% compare
  3. 3 Senegal 58.3% compare
  4. 5 Uganda 53.6% compare
  5. 6 Thailand 53.6% compare
  6. 7 Malaysia 52.5% compare

See the full ranking of 92 places →

More reference data data for Kenya

All data for Kenya →

Frequently asked questions

What is saved at a financial institution or using a mobile money account in Kenya?
Saved at a financial institution or using a mobile money account in Kenya was 54.4% in 2024, according to Global Findex Database.
What is the highest saved at a financial institution or using a mobile money account recorded in Kenya?
The highest recorded value was 54.4% in 2024.
What is the lowest saved at a financial institution or using a mobile money account recorded in Kenya?
The lowest recorded value was 23.3% in 2011.
How does Kenya rank for saved at a financial institution or using a mobile money account?
Kenya ranks 4th out of 82 countries with data for 2024.
Is saved at a financial institution or using a mobile money account rising or falling in Kenya?
Over the last ten years it is up 80.3%. The long-run trend across the full record is rising.
Where does this Kenya data come from?
The figures come from Global Findex Database, published as part of Saved at a financial institution or using a mobile money account (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a financial institution or using a mobile money account in Kenya. Statizoid, drawing on Global Findex Database. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/saved-at-a-financial-institution-or-using-a-mobile-money-account-percent-age-15/kenya/

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About this data

Indicator
Saved at a financial institution or using a mobile money account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
92 places, 460 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 or using a mobile money account to save in the past year, (% age 15+)