The economy of Kenya advanced by 6.8% from a year ago in the first quarter of 2022, following a 7.4% rise in the previous period. It marks the sixth consecutive quarter of economic expansion amid the ongoing recovery from the Covid-19 pandemic, driven by transport and storage (8.1% vs 6.5% in Q4), accommodation and food services (56.2% vs 116.6%); finance & insurance (14.4% vs 9.9%) and wholesale & retail trade (8.7% vs 8.4%). Other key sectors like construction (6.4% vs 6%), real estate (6.1% vs 5.7%), and information communication (6.1% vs 5.3%) also grew at a faster pace. Agriculture, which is the biggest contributor to output, contracted by 0.7%, as reduced rainfall during the fourth quarter of 2021 as well as delayed onset of rains during the quarter under review, weighed on key horticultural and tea production. source: Kenya National Bureau of Statistics
GDP Annual Growth Rate in Kenya averaged 4.82 percent from 2004 until 2022, reaching an all time high of 11 percent in the second quarter of 2021 and a record low of -4.10 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 July of 2022.
GDP Annual Growth Rate in Kenya is expected to be 5.80 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 5.60 percent in 2023 and 5.40 percent in 2024, according to our econometric models.