Kenya M2 Growth
1996 - 2025 | Monthly | % | CEIC Data
Key information about Kenya M2 Growth
- Kenya Money Supply M2 increased 10.7 % YoY in Nov 2025, compared with a growth of 11.3 % in the previous month
- Kenya Money Supply M2 growth data is updated monthly, available from Dec 1996 to Nov 2025
- The data reached an all-time high of 27.9 % in Apr 2008 and a record low of -2.6 % in Aug 2001
CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Kenya provides M2 in local currency
View Kenya's M2 Growth from Dec 1996 to Nov 2025 in the chart:
What was Kenya's M2 Growth in Nov 2025?
Kenya Money Supply M2 increased 10.7 % YoY in Nov 2025, compared with a growth of 11.3 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 10.7 Nov 2025 | 11.3 Oct 2025 | -2.6 Aug 2001 | 27.9 Apr 2008 | % | monthly | Dec 1996 - Nov 2025 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 13.5 Jan 2026 | monthly | Dec 1994 - Jan 2026 |
| Algeria (%) | 9.0 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 36.9 Dec 2025 | monthly | Jan 1991 - Dec 2025 |
| Armenia (%) | 22.0 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Australia (%) | 7.3 Jan 2026 | monthly | Mar 1966 - Jan 2026 |
| Austria (%) | 3.6 Jan 2026 | monthly | Sep 1998 - Jan 2026 |
| Azerbaijan (%) | 6.9 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 5.9 Jan 2026 | monthly | Dec 1975 - Jan 2026 |
| Bangladesh (%) | 9.5 Jan 2026 | monthly | Jun 1987 - Jan 2026 |
| Belarus (%) | 25.1 Dec 2025 | monthly | Dec 1990 - Dec 2025 |
| Belgium (%) | 2.8 Jan 2026 | monthly | Dec 1997 - Jan 2026 |
| Bolivia (%) | 17.6 Dec 2025 | monthly | Dec 1988 - Dec 2025 |
| Bosnia and Herzegovina (%) | 9.7 Jan 2026 | monthly | Aug 1998 - Jan 2026 |
| Botswana (%) | 0.8 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Brazil (%) | 11.8 Jan 2026 | monthly | Jan 1971 - Jan 2026 |
| Bulgaria (%) | 6.6 Dec 2025 | monthly | Dec 1996 - Dec 2025 |
| Cambodia (%) | 12.2 Jan 2026 | monthly | Jan 1996 - Jan 2026 |
| Canada (%) | 4.7 Dec 2025 | monthly | Jan 1969 - Dec 2025 |
| Chile (%) | 4.1 Feb 2026 | monthly | Jan 1987 - Feb 2026 |
| China (%) | 9.0 Jan 2026 | monthly | Mar 1997 - Jan 2026 |
| Colombia (%) | 12.5 Jan 2026 | monthly | Dec 1980 - Jan 2026 |
| Croatia (%) | 6.6 Dec 2025 | monthly | Jun 1995 - Dec 2025 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 4.0 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Denmark (%) | 2.7 Jan 2026 | monthly | Jan 1992 - Jan 2026 |
| Ecuador (%) | 13.9 Nov 2025 | monthly | Dec 2007 - Nov 2025 |
| Egypt (%) | 18.7 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Estonia (%) | 3.5 Jan 2026 | monthly | Jan 2012 - Jan 2026 |
| European Union (%) | 4.0 Jan 2026 | monthly | Jan 1981 - Jan 2026 |
| Finland (%) | 4.8 Jan 2026 | monthly | Jan 1981 - Jan 2026 |
| France (%) | 1.0 Jan 2026 | monthly | Dec 1978 - Jan 2026 |
| Georgia (%) | 25.7 Jan 2026 | monthly | Oct 1996 - Jan 2026 |
| Germany (%) | 4.0 Jan 2026 | monthly | Jan 1970 - Jan 2026 |
| Ghana (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Greece (%) | 4.5 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Hong Kong SAR, China (%) | 9.9 Jan 2026 | monthly | Dec 1981 - Jan 2026 |
| Hungary (%) | 6.6 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Iceland (%) | 4.6 Jan 2026 | monthly | Sep 1987 - Jan 2026 |
| India (%) | 17.2 Dec 2025 | monthly | Mar 1995 - Dec 2025 |
| Indonesia (%) | 10.0 Jan 2026 | monthly | Feb 1969 - Jan 2026 |
| Iran (%) | 36.8 Sep 2025 | monthly | Dec 2000 - Sep 2025 |
| Ireland (%) | 5.4 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Israel (%) | 6.0 Nov 2025 | monthly | Apr 1982 - Nov 2025 |
| Italy (%) | 2.5 Dec 2025 | monthly | Dec 1975 - Dec 2025 |
| Ivory Coast (%) | 22.8 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Japan (%) | 1.6 Jan 2026 | monthly | Jan 1968 - Jan 2026 |
| Jordan (%) | 5.7 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Kazakhstan (%) | 14.3 Jan 2026 | monthly | Dec 1994 - Jan 2026 |
| Kenya (%) | 10.7 Nov 2025 | monthly | Dec 1996 - Nov 2025 |
| South Korea (%) | 5.4 Dec 2025 | monthly | Jan 1971 - Dec 2025 |
| Kosovo (%) | 12.4 2024 | yearly | 2002 - 2024 |
| Kuwait (%) | 3.6 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Kyrgyzstan (%) | 54.0 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Laos (%) | 19.1 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Latvia (%) | 7.8 Jan 2026 | monthly | Jan 2015 - Jan 2026 |
| Lebanon (%) | 34.4 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Lithuania (%) | 8.4 Jan 2026 | monthly | Dec 1994 - Jan 2026 |
| Luxembourg (%) | 5.6 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Macau SAR, China (%) | 9.3 Jan 2026 | monthly | Jun 1985 - Jan 2026 |
| North Macedonia (%) | 11.6 Jan 2026 | monthly | Jan 2004 - Jan 2026 |
| Malawi (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 3.7 Jan 2026 | monthly | Dec 1970 - Jan 2026 |
| Malta (%) | 4.7 Jan 2026 | monthly | Jan 2009 - Jan 2026 |
| Mauritius (%) | 8.5 Dec 2025 | monthly | Jul 1977 - Dec 2025 |
| Mexico (%) | 7.2 Jan 2026 | monthly | Dec 1986 - Jan 2026 |
| Moldova (%) | 14.6 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Mongolia (%) | 13.9 Jan 2026 | monthly | Dec 1997 - Jan 2026 |
| Montenegro (%) | 9.9 2024 | yearly | 2003 - 2024 |
| Morocco (%) | 11.6 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| Mozambique (%) | 11.9 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Myanmar (%) | 25.0 Jun 2025 | quarterly | Dec 2002 - Jun 2025 |
| Nepal (%) | 14.2 Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Netherlands (%) | 3.5 Dec 2025 | monthly | Dec 1957 - Dec 2025 |
| New Zealand (%) | 3.5 Jan 2026 | monthly | Mar 1989 - Jan 2026 |
| Nigeria (%) | 11.0 Jan 2026 | monthly | Apr 1991 - Jan 2026 |
| Norway (%) | 6.5 Jan 2026 | monthly | Dec 1993 - Jan 2026 |
| Oman (%) | 4.3 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Pakistan (%) | 17.1 Jan 2026 | monthly | Jan 1989 - Jan 2026 |
| Palestinian Territory (%) | 15.1 Jan 2026 | monthly | Jul 2003 - Jan 2026 |
| Panama (%) | 8.4 Nov 2025 | monthly | Dec 2003 - Nov 2025 |
| Paraguay (%) | 12.6 Jan 2026 | monthly | Dec 1989 - Jan 2026 |
| Peru (%) | 8.8 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Philippines (%) | 8.8 Jan 2026 | monthly | Dec 1989 - Jan 2026 |
| Poland (%) | 9.8 Jan 2026 | monthly | Dec 1997 - Jan 2026 |
| Portugal (%) | 5.4 Jan 2026 | monthly | Dec 1980 - Jan 2026 |
| Qatar (%) | 3.5 Dec 2025 | monthly | Jan 1983 - Dec 2025 |
| Romania (%) | 6.9 Jan 2026 | monthly | Dec 2002 - Jan 2026 |
| Russia (%) | 9.7 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| Saudi Arabia (%) | 7.9 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Serbia (%) | 7.2 Jan 2026 | monthly | Aug 2002 - Jan 2026 |
| Singapore (%) | 5.7 Jan 2026 | monthly | Mar 2005 - Jan 2026 |
| Slovakia (%) | 5.6 Jan 2026 | monthly | Dec 2001 - Jan 2026 |
| Slovenia (%) | 6.9 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| South Africa (%) | 6.9 Jan 2026 | monthly | Mar 1966 - Jan 2026 |
| Spain (%) | 5.2 Jan 2026 | monthly | Jan 1963 - Jan 2026 |
| Sri Lanka (%) | 11.6 Jan 2026 | monthly | Jan 1995 - Jan 2026 |
| Sudan (%) | 74.7 Dec 2025 | monthly | Dec 2004 - Dec 2025 |
| Sweden (%) | 4.7 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Switzerland (%) | 16.2 Oct 2025 | monthly | Dec 1985 - Oct 2025 |
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Learn more about what we doKenya Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -6.6 Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| Tax Revenue (USD mn) | 13,986.408 Apr 2025 | monthly | Sep 1999 - Apr 2025 |
| Tax Revenue: % of GDP (%) | 6.6 2024 | yearly | 2006 - 2024 |
| National Government Debt (USD mn) | 93,267.3 Sep 2025 | monthly | Sep 1999 - Sep 2025 |
| Government Debt: % of GDP (%) | 68.9 Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| Forecast: Government Expenditure (KES bn) | 6,515.675 2030 | yearly | 1982 - 2030 |
| Forecast: Government Net Debt (KES bn) | 19,848.135 2030 | yearly | 1998 - 2030 |
| Forecast: Government Revenue (KES bn) | 5,159.680 2030 | yearly | 1982 - 2030 |
| Central Government Revenue and Grants: ytd: Revenue: Tax: VAT (KES mn) | 289,800.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Central Government Revenue and Grants: ytd: Revenue: Tax: Excise Duty (KES mn) | 127,500.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Central Government Expenditure: ytd: Development (KES mn) | 232,700.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Central Government Revenue and Grants: ytd: Revenue (KES mn) | 1,151,400.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Central Government Revenue and Grants: ytd: Revenue: Tax (KES mn) | 1,811,438.000 Apr 2025 | monthly | Sep 1999 - Apr 2025 |
| Central Government Expenditure: ytd: Recurrent (KES mn) | 1,219,300.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Central Government Expenditure: ytd (KES mn) | 1,591,600.000 Nov 2025 | monthly | Sep 1999 - Nov 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.212 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,188.7 Dec 2025 | monthly | Oct 1992 - Dec 2025 |
| Total Exports (USD mn) | 714.9 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Total Exports Growth (%) | 14.4 Dec 2025 | monthly | Aug 1999 - Dec 2025 |
| Aluminum: Exports (USD th) | 6,652.580 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 137,291.301 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 36,135.594 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,903.6 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Total Imports Growth (%) | 12.8 Dec 2025 | monthly | Aug 1999 - Dec 2025 |
| Imports: Medicament (USD th) | 437,549.295 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 231,810.109 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 51.580 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Total Imports from USA (USD mn) | 78.901 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Total Exports to China (USD mn) | 12.074 Nov 2025 | monthly | Apr 1998 - Nov 2025 |
| Total Imports from China (USD mn) | 483.415 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Exports: Domestic: Horticulture (KES mn) | 14,373.020 Sep 2025 | monthly | Aug 1998 - Sep 2025 |
| Exports: Domestic: Tea (KES mn) | 19,575.000 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Exports: Domestic: Cement (KES mn) | 162.760 Sep 2025 | monthly | Aug 1998 - Sep 2025 |
| Exports: Domestic: Coffee (KES mn) | 3,055.800 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Exports: Netherlands (KES mn) | 5,007.180 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Exports: Tanzania (KES mn) | 4,154.220 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Exports: Uganda (KES mn) | 11,443.590 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Exports: United Kingdom (KES mn) | 5,214.070 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Imports: India (KES mn) | 31,956.970 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Imports: Saudi Arabia (KES mn) | 22,152.430 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Imports: United Arab Emirates (KES mn) | 17,846.900 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Imports: Italy (KES mn) | 2,366.680 Aug 2025 | monthly | Jan 1998 - Aug 2025 |
| Imports: South Africa (KES mn) | 4,173.330 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Imports: Mineral Fuels, Lubricants and Related Materials (KES mn) | 78,884.370 Sep 2025 | monthly | Aug 1998 - Sep 2025 |
| Imports: Chemicals (KES mn) | 30,112.760 Sep 2025 | monthly | Aug 1998 - Sep 2025 |
| Imports (KES mn) | 245,808.840 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Exports (KES mn) | 92,310.690 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Exports: Re-Exports (KES mn) | 11,417.290 Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Exports: Domestic: Chemicals (KES mn) | 5,610.320 Dec 2024 | monthly | Aug 1998 - Dec 2024 |
| Imports: Manufactured Goods Classified Chiefly by Materials (KES mn) | 35,443.980 Dec 2024 | monthly | Aug 1998 - Dec 2024 |
| Imports: Food and Live Animals (KES mn) | 17,032.330 Dec 2024 | monthly | Aug 1998 - Dec 2024 |
| Imports: Machinery and Transport Equipment (KES mn) | 48,967.450 Dec 2024 | monthly | Aug 1998 - Dec 2024 |
| Imports Volume Index (2009=100) | 124.300 2022 | yearly | 2007 - 2022 |
| Exports Volume Index (2009=100) | 125.500 2022 | yearly | 2007 - 2022 |
| Export Value Index (2015=100) | 114.099 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 121.536 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 14.4 Sep 2025 | quarterly | Mar 2016 - Sep 2025 |
| Non-Performing Loans (USD mn) | 2,674.259 Dec 2019 | monthly | Apr 2001 - Dec 2019 |
| Money Supply M1 (USD mn) | 18,155.283 Nov 2025 | monthly | Dec 1995 - Nov 2025 |
| Money Supply M2 (USD mn) | 40,887.934 Nov 2025 | monthly | Dec 1995 - Nov 2025 |
| M2 Growth (%) | 10.7 Nov 2025 | monthly | Dec 1996 - Nov 2025 |
| Reserve Requirement Ratio (%) | 4.3 Mar 2023 | monthly | Dec 1999 - Mar 2023 |
| Foreign Exchange Reserves (USD mn) | 11,689.4 Nov 2025 | monthly | Dec 2000 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 8.419 Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.0 Nov 2025 | monthly | Sep 2005 - Nov 2025 |
| Gold Reserves (USD mn) | 2.401 Dec 2025 | monthly | Sep 1973 - Dec 2025 |
| Total Deposits (USD mn) | 43,578.237 Jun 2025 | monthly | Jan 1999 - Jun 2025 |
| Total Deposits Growth (%) | 6.5 Jun 2025 | monthly | Jan 2000 - Jun 2025 |
| Domestic Credit (USD mn) | 52,325.8 Jul 2025 | monthly | Dec 1995 - Jul 2025 |
| Domestic Credit Growth (%) | 8.0 Jul 2025 | monthly | Dec 1996 - Jul 2025 |
| Total Loans (USD mn) | 58,481.108 Jun 2025 | monthly | Jan 1999 - Jun 2025 |
| Total Loans Growth (%) | 10.54 Jun 2025 | monthly | Jan 2000 - Jun 2025 |
| Private Debt: % of Nominal GDP (%) | 27.48 Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| Money Supply: M3: M2 (KES mn) | 5,308,047.000 Nov 2025 | monthly | Dec 1995 - Nov 2025 |
| Money Supply: M3: M2: M1 (KES mn) | 2,356,908.000 Nov 2025 | monthly | Dec 1995 - Nov 2025 |
| Money Supply: M3 (KES mn) | 6,620,060.000 Nov 2025 | monthly | Dec 1995 - Nov 2025 |
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