🇰🇪 Kenya
Public Sector Debt · 2026
Total Debt
74.7%
of GDP
Global Rank
#54
of 192
Interest Burden
32%
of govt revenue
S&P Rating
B
Credit rating
SOE Debt
+4.6%
1 categories
Where the Debt Sits
Central Government
Central Government: 67.4%Subnational: 2.7%Infrastructure: 4.6%
Full Debt Breakdown
Central Government67.4% of GDP
Central GovernmentIMF WEO — General Government Debt
67.4%Subnational / Regional2.7% of GDP
SubnationalIMF WEO — General Government Debt
2.7%Infrastructure SOEs4.6% of GDP
Kenya Railways (SGR debt to China Exim Bank)The Star Kenya / Africa Defense ForumBallooned to Sh737.5B from Sh539B original. In default. >$1B/yr debt service.
4.6%Total Corporate Debt20.0% of GDP
Nonfinancial corporate debt (est.)World Bank/CBK/IMF 2024
20.0%Household Debt8.0% of GDP
Household debt (est.)World Bank/CBK/IMF 2024
8.0%Unfunded Pension Liabilities15.0% of GDP
Civil service unfunded pension (est.)World Bank 2019; Cytonn analysis; NSSF KenyaCoverage <10% of adults in formal pension.
15.0%All Layers Total117.7%
Credit Ratings
S&P
B
Moody's
B3
Fitch
B
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202670.1% GDP
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