Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 1901.21 1876 1843 1811 1780 1717
Currency 107.70 108 108 108 109 109
Government Bond 10y (%) 12.75 12.97 13.2 13.43 13.67 14.14

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.20 0.7 1 1.5 1 1.3
GDP Annual Growth Rate (%) -1.10 6 3 6.4 5.2 5
Unemployment Rate (%) 7.20 13.6 12.9 12.3 11.9 9.8
Inflation Rate (%) 5.87 6 5.7 5.4 5.2 5
Interest Rate (%) 7.00 6.75 6.5 6.5 6.5 6.25
Balance of Trade (Million KES) -102986.00 -116700 -106500 -112000 -112100 -115700
Current Account (USD Million) -4995.30 -4600 -5050 -4760 -5200 -5400
Current Account to GDP (% of GDP) -4.80 -5.2 -5.2 -5.2 -5.3 -5.3
Government Debt to GDP (% of GDP) 65.60 69 69 69 72 72
Government Budget (% of GDP) -7.80 -8.7 -8.7 -8.7 -7.5 -7.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.20 0.7 1 1.5 1 1.3
GDP Annual Growth Rate (%) -1.10 6 3 6.4 5.2 5
GDP (USD Billion) 95.50 85 85 85 85 97
GDP Constant Prices (KES Million) 1226025.00 1271144 1262806 1304491 1289778 1369715
Gross Fixed Capital Formation (KES Million) 900252.20 954267 927260 957868 947065 1005762
GDP per capita (USD) 1237.50 1230 1230 1230 1230 1350
GDP per capita PPP (USD) 4329.90 4320 4320 4320 4320 4450
GDP From Agriculture (Million KES) 241335.00 327221 248575 256780 253884 269619
GDP From Construction (Million KES) 83989.00 77261 86509 89364 88356 93833
GDP From Manufacturing (KES Million) 116390.00 126728 119882 123839 122442 130031
GDP From Mining (KES Million) 15023.00 14043 15474 15984 15804 16784
GDP From Public Administration (KES Million) 52254.00 62828 53822 55598 54971 58378
GDP From Services (KES Million) 24418.00 24950 25151 25981 25688 27280
GDP From Transport (KES Million) 96705.00 82059 99606 102894 101734 108039
GDP From Utilities (KES Million) 34659.00 38245 35699 36877 36461 38721

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.20 13.6 12.9 12.3 11.9 9.8
Population (Million) 47.60 50.35 50.35 51.4 51.4 52.6
Minimum Wages (KES/Month) 13572.00 15000 15000 15000 15000 15000

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.87 6 5.7 5.4 5.2 5
Consumer Price Index CPI (points) 114.98 115 115 118 120 124
Food Inflation (%) 7.02 7.3 6.7 5.6 5.4 5.2
Inflation Rate Mom (%) 0.20 0.6 -0.1 0.4 0.2 0.3
Producer Prices (points) 102.07 103 104 104 103 105
Producer Prices Change (%) -0.19 1.2 1.4 1.6 1.3 1.3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 7.00 6.75 6.5 6.5 6.5 6.25
Interbank Rate (%) 5.23 4.98 4.73 4.73 4.73 4.73
Money Supply M1 (KES Billion) 1718.77 1710 1650 1620 1580 1525
Money Supply M2 (KES Billion) 3278.05 3265 3180 3230 3100 2900
Money Supply M3 (KES Million) 4040835.00 4120000 4050000 3850000 3740000 3470000
Foreign Exchange Reserves (USD Million) 12850.20 13400 13180 12750 12600 13100
Deposit Interest Rate (%) 6.97 6.72 6.47 6.47 6.47 6.47

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (Million KES) -102986.00 -116700 -106500 -112000 -112100 -115700
Current Account (USD Million) -4995.30 -4600 -5050 -4760 -5200 -5400
Current Account to GDP (% of GDP) -4.80 -5.2 -5.2 -5.2 -5.3 -5.3
Imports (million KES) 161847.00 175000 168500 172000 169400 175000
Exports (Million KES) 58862.00 58300 62000 60000 57300 59300
External Debt (KES Billion) 3769.87 4200 4350 4500 4080 4300
Capital Flows (USD Million) -2804.70 -3100 -2900 -3300 -3500 -3800
Remittances (USD Thousand) 299290.39 280000 274000 285000 278000 275000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Foreign Direct Investment (KES Million) 135897.00 125000 125000 125000 140000 140000
Terms Of Trade (points) 68.00 70 70 70 72 72
Tourist Arrivals 47038.00 43000 37500 45000 52000 60000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 65.60 69 69 69 72 72
Government Budget (% of GDP) -7.80 -8.7 -8.7 -8.7 -7.5 -7.5
Government Budget Value (KES million) -433592.60 -900 -670 -1200 -920 -1100
Government Spending (KES Million) 734790.80 778878 756835 781817 773000 820908
Government Revenues (KES Billion) 1252.67 1400 1280 1300 970 1000
Military Expenditure (USD Million) 1097.00 940 940 940 940 960
Government Debt (KES Billion) 7339.71 7500 7300 7500 7250 7600
Fiscal Expenditure (KES Billion) 1733.72 2300 1950 2500 1890 2100

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 16.00 14 14 14 14 14
Social Security Rate (%) 10.00 10 10 10 10 10
Social Security Rate For Companies (%) 5.00 5 5 5 5 5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5

Business Actual Q2 Q3 Q4 Q1 2022
Manufacturing PMI (points) 52.50 54 53.6 52 51.7 53
Electricity Production (Gigawatt-hour) 946.59 1015 980 1020 980 1000
Car Production 561.00 620 650 630 660 750
Car Registrations 18822.00 26000 27500 30000 27400 31000
Cement Production (Tonnes) 612980.00 575000 630000 645000 665000 710000

Consumer Actual Q2 Q3 Q4 Q1 2022
Bank Lending Rate (%) 12.08 11.8 11.55 11.55 11.55 11.55
Gasoline Prices (USD/Liter) 1.06 0.94 0.89 0.95 0.81 0.77
Disposable Personal Income (KES Billion) 8591.30 9107 8849 9141 9038 9598

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (KSH Million) 9628.10 12000 14000 10000 15000 30000


This page has economic forecasts for Kenya including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kenya economy.