The economy of Kenya is projected to expand 6.6% in 2021 from an estimated growth of 0.6% in 2020, estimates from the country's National Treasury showed. That would be the highest growth rate since at least 2013, driven by a rebound in services activity following the reopening of key industries such as hotels and restaurants and as international travel resumed helped by the easing of COVID restrictions. Still, growth will depend on "the progress of the vaccination effort, macroeconomic stability and implementation of the projects” aimed at boosting health care, housing, manufacturing and food security. In 2022, the economy is seen expanding at a slower 5.8%. source: Kenya National Bureau of Statistics
GDP Annual Growth Rate in Kenya averaged 5.18 percent from 2004 until 2020, reaching an all time high of 11.60 percent in the fourth quarter of 2010 and a record low of -5.50 percent in the second quarter of 2020. This page provides the latest reported value for - Kenya GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Annual Growth Rate in Kenya is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 5.80 percent in 2022 and 5.60 percent in 2023, according to our econometric models.