The economy of Kenya advanced by 7.3% from a year ago in the fourth quarter of 2021, following a downwardly revised 9.3% rise in the previous period. It was the fifth consecutive quarter of expansion, with robust growth observed in accommodation and food serving activities (118.6%), mining & quarrying (34.5%), finance & insurance (9.9%), wholesale & retail trade (8.4%), and professional, administrative and support services (8.1%). On a negative note, the agricultural sector shrank 1.2%, due to unfavourable weather conditions experienced in most parts of the country. Considering 2021 as a whole, the GDP rebounded by 7.5%, compared with a 0.3% contraction in 2020, with most sectors recording significant improvement. source: Kenya National Bureau of Statistics

GDP Annual Growth Rate in Kenya averaged 4.75 percent from 2004 until 2021, reaching an all time high of 10.10 percent in the second quarter of 2021 and a record low of -4.70 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 June of 2022.

GDP Annual Growth Rate in Kenya is expected to be 6.20 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.

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Kenya GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-31 02:00 PM Q3 9.9% 10.1% 7%
2022-05-05 02:00 PM Q4 7.4% 9.3% 10.3%
2022-06-30 11:00 AM Q1 7.4% 6.8%


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 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).
Actual Previous Highest Lowest Dates Unit Frequency
7.40 9.30 11.00 -4.10 2004 - 2021 percent Quarterly
2016=100

News Stream
Kenya's Economy Continues to Recover
The economy of Kenya advanced by 7.3% from a year ago in the fourth quarter of 2021, following a downwardly revised 9.3% rise in the previous period. It was the fifth consecutive quarter of expansion, with robust growth observed in accommodation and food serving activities (118.6%), mining & quarrying (34.5%), finance & insurance (9.9%), wholesale & retail trade (8.4%), and professional, administrative and support services (8.1%). On a negative note, the agricultural sector shrank 1.2%, due to unfavourable weather conditions experienced in most parts of the country. Considering 2021 as a whole, the GDP rebounded by 7.5%, compared with a 0.3% contraction in 2020, with most sectors recording significant improvement.
2022-05-05
Kenya's Economic Recovery Continues
Kenya's economy advanced by 9.9 percent year-on-year in the third quarter of 2021, following a record 10.1 percent growth in the previous three-month period. It was the fourth consecutive quarter of expansion, amid the gradual easing of containment measures to curb the spread of the Covid-19, with significant rebounds observed in most economic activities that had contracted in the third quarter of 2020. Some of the sectors that supported overall growth included manufacturing (9.5%), education (64.7%), transportation and storage (13.0%), accommodation and food serving activities (24.8%) and, financial and Insurance activities (6.7%). Meanwhile, the agricultural sector underperformed, contracting 1.8%, due to unfavourable weather conditions experienced in most parts of the country.
2021-12-31
Kenya GDP Expands at Record Pace in Q2
Kenya's economy advanced by 10.1 percent year-on-year in the second quarter of 2021, much faster than a 0.7 percent rise in the previous period. It was the strongest pace of expansion ever recorded, as most economic activities rebounded amid the easing of Covid-19 restrictions. Sectors that supported overall growth included manufacturing (9.6 percent), accommodation & food services (9.1 percent), education (67.6 percent), transportation and storage (16.9 percent), information and communication (25.2 percent) and other services activities (20.2 percent). On the other hand, agricultural activity shrank 0.9 percent, mainly due to a severe drought.
2021-11-10