Kenya GDP Growth Rate2022 Data - 2023 Forecast - 2005-2021 Historical - Calendar

Name: Kenya GDP Growth Rate
Creator: TRADING ECONOMICS
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Keywords: Kenya,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Kenya expanded 2.99 percent in the fourth quarter of 2021 over the previous quarter. source: Kenya National Bureau of Statistics

GDP Growth Rate in Kenya averaged 1.23 percent from 2005 until 2021, reaching an all time high of 3.49 percent in the fourth quarter of 2020 and a record low of -6.34 percent in the second quarter of 2020. This page provides the latest reported value for - Kenya GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Growth Rate in Kenya is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya GDP Growth Rate is projected to trend around 1.70 percent in 2023 and 1.60 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	2.99	1.74	percent	Dec 2021
GDP Annual Growth Rate	7.40	9.30	percent	Dec 2021
GDP Constant Prices	2415426.00	2283690.00	KES Million	Dec 2021
Gross Fixed Capital Formation	2079760.10	1920884.50	KES Million	Dec 2020
GDP From Utilities	59184.00	57786.00	KES Million	Dec 2021
GDP From Transport	225732.00	232738.00	KES Million	Dec 2021
GDP From Services	65967.00	60225.00	KES Million	Dec 2021
GDP From Public Administration	145087.00	141713.00	KES Million	Dec 2021
GDP From Mining	29805.00	23576.00	KES Million	Dec 2021
GDP From Manufacturing	210910.00	198496.00	KES Million	Dec 2021
GDP From Construction	143546.00	142539.00	Million KES	Dec 2021
GDP From Agriculture	387264.00	356169.00	Million KES	Dec 2021

Kenya GDP 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). Remaining part of GDP is mostly allocated to Information and Communication; Public Administration and Defense; Human Health and Social Work Activities; Electricity Supply; Administrative and Support Service Activities.