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.

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Kenya GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -5.50 11.60 -5.50 2004 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-28 10:00 AM Q4 5.5% 5.2% 5.4%
2020-06-30 02:10 PM Q1 4.9% 5.5% 5.6%
2020-10-15 09:00 AM Q2 -5.7% 4.9% 1.2%
2021-01-28 05:00 AM Q3 -1.1% -5.5% -3.4%


News Stream
Kenya Set to Expand 6.6% in 2021
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%.
2021-08-11
Kenya Economy Slips into Recession in Q3
Kenya's economy shrank 1.1% year-on-year in the third quarter of 2020, following a downwardly revised 5.5% plunge in the previous period. It marks the first country's recession in nearly two decades, as the adverse effects of containment measures to curb COVID-19 infections continued to be felt. Accommodation and food service activity which includes the all-important tourism sector remained severely affected (-57.9% vs -83.2% in Q2), followed by education (-41.9% vs -56.2%) and professional, administrative activities (-12.3% vs -15.3%). Meanwhile, strong growth was recorded in agriculture (6.3% vs 7.3%); construction (16.2% vs 3.9%); mining & quarrying (18.2% vs 10%) and information & communication (7.3% vs 4.6%).
2021-01-28
Kenya GDP Contracts 5.7% YoY in Q2
Kenya's economy plunged 5.7% year-on-year in the second quarter of 2020, after growing 4.9% in the previous period. It was the first economic contraction since at least the first quarter of 2004, amid the Covid-19 pandemic and related containment measures that included restrictions on movements and closure of some businesses and learning institutions. The accommodation & food services sector was the most affected (-83.3% vs -9.3% in Q1), followed by education (-56.2% vs 5.3%); professional, administrative and support services (-15.7% vs 4.4%); wholesale and retail trade (-6.9% vs 6.4%) and manufacturing (-3.9% vs 2.9%). On a seasonally quarterly basis, the GDP contracted 9.1%, following a downwardly revised 0.8% growth in the previous period.
2020-10-15

Kenya GDP Annual Growth Rate
Kenya is one the most developed countries in East Africa. Agriculture, Forestry and Fishing (including coffee and tea cultivation) is the largest sector of the economy and accounts for about 22 percent. Manufacturing is the second largest sector and represents around 11 percent of the GDP. Other major sectors include: Real Estate (about 8 percent of total GDP), Wholesales and Retail Trade (around 7 percent), Transport and Storage (around 7 percent) , Education (about 7 percent), Financial and Insurance Activity (around 6 percent) and Construction (around 5 percent).