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32 Kenya’s F<strong>in</strong>ancial Transformation <strong>in</strong> <strong>the</strong> <strong>21st</strong> <strong>Century</strong><br />

Figure 1: Trends <strong>in</strong> GDP growth, sav<strong>in</strong>gs and <strong>in</strong>vestments, 2000–2012<br />

25<br />

20<br />

15<br />

Percent<br />

10<br />

5<br />

0<br />

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012<br />

Real GDP growth (%)<br />

Gross domestic sav<strong>in</strong>gs (% of GDP)<br />

Gross fixed capital formation (% of GDP)<br />

Sources: World Bank META database.<br />

Figure 2: Trends <strong>in</strong> f<strong>in</strong>ancial sector depth, 2000–2011<br />

50<br />

45<br />

40<br />

35<br />

Percent of GDP<br />

30<br />

25<br />

20<br />

15<br />

10<br />

5<br />

0<br />

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011<br />

Liquid liabilities<br />

Bank deposits<br />

Private sector credit<br />

Source: World Bank F<strong>in</strong>ancial Sector Database (2000, updated 2009, 2012 and 2013).

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