Markets Actual Q2 Q3 Q4 Q1 2021
Stock Market (points) 1948.08 1930 1897 1864 1832 1768
Currency 106.70 107 107 108 108 108
Government Bond 10y (%) 12.20 12.41 12.63 12.85 13.08 13.53

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 1.50 -2 0.8 1.4 1.6 2
GDP Annual Growth Rate (%) 5.50 1.9 2.1 2.3 3.4 5.2
Unemployment Rate (%) 4.90 5.6 5.4 6 6.2 7
Inflation Rate (%) 5.47 5.7 4.6 5.2 5 5.3
Interest Rate (%) 7.00 7 6.75 6.75 6.5 6.5
Balance of Trade (Million KES) -76549.00 -97500 -82800 -73000 -77700 -86500
Current Account (USD Million) -4663.50 -4300 -3500 -3800 -4200 -3620
Current Account to GDP (%) -4.60 -4.7 -4.7 -4.7 -4.5 -4.5
Government Debt to GDP (%) 57.00 64 64 64 62 62
Government Budget (% of GDP) -5.60 -7.2 -7.2 -7.2 -5.6 -5.6
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 2021
GDP Growth Rate (%) 1.50 -2 0.8 1.4 1.6 2
GDP Annual Growth Rate (%) 5.50 1.9 2.1 2.3 3.4 5.2
GDP (USD Billion) 89.00 105 105 105 115 115
GDP Constant Prices (KES Million) 1259160.00 1282242 1246588 1288121 1301971 1355103
Gross Fixed Capital Formation (KES Million) 900252.20 887457 888337 920958 930861 968848
GDP per capita (USD) 1202.10 1320 1320 1320 1365 1365
GDP per capita PPP (USD) 3076.84 3240 3240 3240 3088 3320
GDP From Agriculture (Million KES) 204265.00 292607 224026 208963 211210 219829
GDP From Construction (Million KES) 79320.00 70827 73032 81144 82017 85364
GDP From Manufacturing (KES Million) 113288.00 124816 120978 115894 117140 121920
GDP From Mining (KES Million) 12402.00 12161 12845 12687 12824 13347
GDP From Public Administration (KES Million) 50673.00 56587 48158 51838 52396 54534
GDP From Services (KES Million) 29142.00 28049 28126 29812 30133 31363
GDP From Transport (KES Million) 106123.00 89179 94909 108564 109731 114209
GDP From Utilities (KES Million) 31872.00 36644 33444 32605 32956 34301

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.90 5.6 5.4 6 6.2 7
Population (Million) 47.60 49.6 49.6 50.2 50.35 51.4
Living Wage Family (KES/Month) 48500.00 47492 47505 44000 44000 44800
Minimum Wages (KES/Month) 13572.00 15000 15000 15000 15000 15700
Wages High Skilled (KES/Month) 60500.00 65900 65900 68000 68000 67000

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 5.47 5.7 4.6 5.2 5 5.3
Consumer Price Index CPI (points) 108.60 110 108 110 112 116
Food Inflation (%) 10.55 10.2 9.7 9.8 8.5 11
Producer Prices (points) 101.07 122 124 119 119 118
Producer Prices Change (%) 1.07 0.7 2.5 -1 -1 -1
Inflation Rate Mom (%) 0.63 1.6 0.9 1.3 1 1.4

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 7.00 7 6.75 6.75 6.5 6.5
Interbank Rate (%) 4.40 4.4 4.15 4.15 3.9 3.9
Foreign Exchange Reserves (USD Million) 12766.30 12725 13800 12600 12600 12750
Deposit Interest Rate (%) 8.30 8.3 8.05 8.05 7.8 7.8

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (Million KES) -76549.00 -97500 -82800 -73000 -77700 -86500
Current Account (USD Million) -4663.50 -4300 -3500 -3800 -4200 -3620
Current Account to GDP (%) -4.60 -4.7 -4.7 -4.7 -4.5 -4.5
Imports (million KES) 119762.42 147000 128000 145000 127000 155000
Exports (Million KES) 43213.00 49500 45200 39700 49300 43100
External Debt (KES Billion) 3106.82 3300 3100 3200 3200 3500
Capital Flows (USD Million) -5674.90 -6200 -6800 -6500 -4700 -7000
Remittances (USD Thousand) 218991.93 268000 225000 265000 265000 270000
Gold Reserves (Tonnes) 0.00 0 0 0 0 0
Foreign Direct Investment (KES Million) 164708.40 175000 175000 175000 220000 220000
Terms Of Trade (points) 68.00 72.1 72.1 72.1 72.1 73.4
Tourist Arrivals 132019.00 117000 124000 130000 114000 175000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 57.00 64 64 64 62 62
Government Budget (% of GDP) -5.60 -7.2 -7.2 -7.2 -5.6 -5.6
Government Budget Value (KES million) -164190.00 -815 -815 -460 -460 -465
Government Spending (KES Million) 734790.80 707098 707798 751691 759774 790779
Government Revenues (KES Billion) 892.39 1715 1715 920 920 960
Military Expenditure (USD Million) 1023.00 890 890 890 890 1100
Government Debt (KES Billion) 6116.60 5670 5400 5700 5700 6000
Fiscal Expenditure (KES Billion) 1436.86 2530 2530 1380 1380 1425

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 14.00 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 2021
Manufacturing Pmi (points) 34.80 45 51 51 51.8 52
Electricity Production (Gigawatt-hour) 933.61 970 840 980 980 1100
Car Production 742.00 560 575 380 650 460
Car Registrations 26753.00 24000 23700 26351 26351 27000
Cement Production (Tonnes) 548818.00 462000 470000 575000 575000 575000

Consumer Actual Q2 Q3 Q4 Q1 2021
Bank Lending Rate (%) 12.19 12.19 11.94 11.94 11.69 11.69
Gasoline Prices (USD/Liter) 1.07 1.05 0.99 0.94 0.9 0.85
Disposable Personal Income (KES Billion) 8031.20 8107 8116 8216 8304 8643

Housing Actual Q2 Q3 Q4 Q1 2021
Building Permits (KSH Million) 15959.14 19900 19200 20600 20600 22200


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.