Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 1573.32 1553 1534 1514 1495 1457
Currency 117.65 118 118 118 118 119
Government Bond 10y (%) 13.50 14 14.25 14.51 14.77 15.3

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.99 1.7 2.1 1.8 2 1.7
GDP Annual Growth Rate (%) 7.40 6.2 5.8 5.7 5.3 5.6
Unemployment Rate (%) 6.60 7 7.4 7.5 7.3 8
Inflation Rate (%) 7.10 7.6 5.4 4.6 4.3 4
Interest Rate (%) 7.50 7.5 7.5 8 8 8
Balance of Trade (Million KES) -136453.00 -132000 -141000 -132200 -157000 -162000
Current Account (USD Million) -5686.60 -4400 -4700 -4600 -4600 -5700
Current Account to GDP (% of GDP) -5.40 -5.9 -5.9 -5.9 -5.7 -5.7
Government Debt to GDP (% of GDP) 68.40 70 70 70 72 72
Government Budget (% of GDP) -8.10 -6.5 -6.5 -6.5 -5.6 -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 2023
GDP Growth Rate (%) 2.99 1.7 2.1 1.8 2 1.7
GDP Annual Growth Rate (%) 7.40 6.2 5.8 5.7 5.3 5.6
GDP (USD Billion) 98.84 107 107 107 107 110
GDP Constant Prices (KES Million) 2415426.00 2516595 2416144 2553105 2543444 2696079
Gross Fixed Capital Formation (KES Million) 2079760.10 2208705 2200386 2198306 2189987 2321412
GDP per capita (USD) 1475.19 1550 1550 1550 1550 1600
GDP per capita PPP (USD) 4220.44 4320 4320 4450 4450 4450
GDP From Agriculture (Million KES) 387264.00 524867 376827 409338 407789 432261
GDP From Construction (Million KES) 143546.00 140427 150806 151728 151154 160225
GDP From Manufacturing (KES Million) 210910.00 210435 210009 222932 222088 235416
GDP From Mining (KES Million) 29805.00 26532 24943 31504 31385 33268
GDP From Public Administration (KES Million) 145087.00 155321 149932 153357 152777 161945
GDP From Services (KES Million) 65967.00 60501 63718 69727 69463 73632
GDP From Transport (KES Million) 225732.00 235274 246237 238599 237696 251960
GDP From Utilities (KES Million) 59184.00 57333 61138 62557 62321 66061

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 6.60 7 7.4 7.5 7.3 8
Population (Million) 53.70 51.4 51.4 52.6 52.6 52.6
Minimum Wages (KES/Month) 15120.00 15120 15120 15120 15120 15120

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 7.10 7.6 5.4 4.6 4.3 4
Consumer Price Index CPI (points) 123.12 124 122 124 125 129
Food Inflation (%) 12.40 14 12 9.5 7.5 6
Producer Prices (points) 117.93 123 123 125 127 132
Producer Prices Change (%) 11.21 14 11.7 9.8 8 6
Inflation Rate Mom (%) 0.80 1.4 1.7 1.3 0.8 0.4

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 7.50 7.5 7.5 8 8 8
Interbank Rate (%) 4.60 4.6 4.6 5.1 5.1 5.1
Money Supply M1 (KES Billion) 1866.65 1850 1845 1820 1745 1800
Money Supply M2 (KES Billion) 3483.81 3400 3500 3200 3180 3150
Money Supply M3 (KES Million) 4318284.69 4250000 4280000 4260000 4260000 4050000
Foreign Exchange Reserves (USD Million) 13197.90 14000 13800 14100 14080 14200
Deposit Interest Rate (%) 6.97 6.97 6.97 7.47 7.47 7.47
Central Bank Balance Sheet (KES Million) 1471985.56 1420000 1405000 1425000 1425000 1300000

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (Million KES) -136453.00 -132000 -141000 -132200 -157000 -162000
Current Account (USD Million) -5686.60 -4400 -4700 -4600 -4600 -5700
Current Account to GDP (% of GDP) -5.40 -5.9 -5.9 -5.9 -5.7 -5.7
Imports (million KES) 213517.00 185000 205000 195000 220000 225000
Exports (Million KES) 77063.00 63000 64000 62800 63000 63000
External Debt (KES Billion) 4174.37 4600 4780 4800 4800 5300
Capital Flows (USD Million) -7056.50 -3500 -4000 -3800 -3800 -4500
Remittances (USD Thousand) 339683.23 280000 310000 340000 315000 330000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Foreign Direct Investment (KES Million) 55787.00 95000 95000 95000 95000 130000
Terms Of Trade (points) 76.30 78 78 87 87 76
Tourist Arrivals 90504.00 73000 70500 68700 70200 74000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 68.40 70 70 70 72 72
Government Budget (% of GDP) -8.10 -6.5 -6.5 -6.5 -5.6 -5
Government Budget Value (KES million) -26357.00 120 -100 -690 -600 -700
Government Spending (KES Million) 1214499.10 1289798 1284940 1283726 1278868 1355614
Government Revenues (KES Billion) 1739.76 1300 890 1100 1100 1300
Government Debt (KES Billion) 8206.74 8550 8700 8800 8900 9200
Fiscal Expenditure (KES Billion) 2317.66 1400 1580 1700 1700 2000
Military Expenditure (USD Million) 1097.00 940 940 960 960 960

Taxes Actual Q2 Q3 Q4 Q1 2023
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 2023
Manufacturing PMI (points) 48.20 50 51.5 52 53 52
Car Production 1198.00 720 780 750 670 800
Car Registrations 23869.00 28500 29100 29500 29500 32000
Cement Production (Tonnes) 838215.00 830000 850000 870000 855000 850000
Electricity Production (Gigawatt-hour) 1092.22 1045 1060 1100 1050 1200

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Spending (KES Million) 6406639.50 6803851 6778225 6771818 6746191 7151040
Bank Lending Rate (%) 12.20 12.2 12.2 12.7 12.7 12.7
Gasoline Prices (USD/Liter) 1.16 1.2 1.25 1.29 1.34 1.34
Disposable Personal Income (KES Billion) 9604.30 10200 10161 10152 10113 10720

Housing Actual Q2 Q3 Q4 Q1 2023
Building Permits (KES Million) 11844.36 12000 13200 13700 12800 14000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Kenya Forecast - was last updated on Monday, June 27, 2022.