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.