Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 2642.50 2651 2628 2605 2582 2538
Currency 100.80 101 101 102 102 102
Government Bond 10y (%) 12.10 12.41 12.62 12.83 13.05 13.49
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 1.7 1.7 1.6 1.7 1.7
GDP Annual Growth Rate (%) 5.10 5.3 5.4 5.6 5.8 6.1
Unemployment Rate (%) 9.30 9 9 9 9 9
Inflation Rate (%) 5.82 4.4 5.3 4.6 5.3 6
Interest Rate (%) 8.50 8.5 8.5 8 8 7.5
Balance of Trade (Million KES) -107479.10 -83000 -93900 -82500 -73000 -86500
Current Account (USD Million) -3783.20 -3700 -3560 -4150 -3800 -3720
Current Account to GDP (%) -5.20 -4.9 -4.9 -4.9 -4.9 -4.7
Government Debt to GDP (%) 57.00 64 64 64 64 62
Government Budget (% of GDP) -6.70 -4.8 -4.8 -4.8 -4.8 -4.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.00 1.7 1.7 1.6 1.7 1.7
GDP Annual Growth Rate (%) 5.10 5.3 5.4 5.6 5.8 6.1
GDP (USD Billion) 87.91 105 105 105 105 115
GDP Constant Prices (KES Million) 1230750.00 1328229 1311551 1265211 1302134 1381564
Gross Fixed Capital Formation (KES Million) 898016.90 921814 922263 923161 950102 1008058
GDP per capita (USD) 1202.10 1320 1320 1320 1320 1365
GDP per capita PPP (USD) 3076.84 3240 3240 3240 3240 3320
GDP From Agriculture (Million KES) 224717.00 348312 303820 231009 237751 252253
GDP From Construction (Million KES) 72122.00 65953 72013 74141 76305 80960
GDP From Manufacturing (KES Million) 118715.00 125464 127777 122039 125600 133262
GDP From Mining (KES Million) 12842.00 13535 12411 13202 13587 14416
GDP From Public Administration (KES Million) 46938.00 47818 56920 48252 49660 52690
GDP From Services (KES Million) 27899.00 27177 28724 28680 29517 31318
GDP From Transport (KES Million) 93923.00 82903 90725 96553 99371 105432
GDP From Utilities (KES Million) 32539.00 33295 36743 33450 34426 36526
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.30 9 9 9 9 9
Population (Million) 47.80 49.6 49.6 49.6 50.2 51.4
Wages High Skilled (KES/Month) 60500.00 65900 65900 65900 68000 67000
Wages Low Skilled (KES/Month) 17500.00 23100 23100 23100 24100 22500
Living Wage Family (KES/Month) 48500.00 47492 47505 47519 44000 44800
Minimum Wages (KES/Month) 13572.00 15000 15000 15000 15000 15700
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.82 4.4 5.3 4.6 5.3 6
Consumer Price Index CPI (points) 204.77 208 215 211 216 229
Food Inflation (%) 10.02 7.7 6.5 6.6 6.7 6.4
Producer Prices (points) 120.00 120 122 124 120 118
Producer Prices Change (%) -0.51 1.2 0.7 2.5 -1 -1
Inflation Rate Mom (%) 0.90 1.4 1.3 0.9 1 0.8
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 8.50 8.5 8.5 8 8 7.5
Interbank Rate (%) 6.86 6.59 6.59 6.09 6.09 5.59
Foreign Exchange Reserves (USD Million) 13343.90 12000 12725 13800 12600 12750
Deposit Interest Rate (%) 8.30 8.3 8.3 7.8 7.8 7.3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (Million KES) -107479.10 -83000 -93900 -82500 -73000 -86500
Current Account (USD Million) -3783.20 -3700 -3560 -4150 -3800 -3720
Current Account to GDP (%) -5.20 -4.9 -4.9 -4.9 -4.9 -4.7
Imports (million KES) 159414.30 127000 147000 132000 142000 144000
Exports (Million KES) 51935.20 53600 53100 49500 54000 57000
External Debt (KES Billion) 3111.77 2800 3300 3100 3200 3500
Capital Flows (USD Million) -6122.70 -6050 -4250 -4250 -4200 -4200
Remittances (USD Thousand) 218844.75 223000 268000 225000 265000 270000
Terms Of Trade (points) 68.00 72.1 72.1 72.1 72.1 73.4
Tourist Arrivals 132019.00 130000 140000 170000 165000 175000
Foreign Direct Investment (KES Million) 164708.40 72.5 72500 72500 72500 74000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 57.00 64 64 64 64 62
Government Budget (% of GDP) -6.70 -4.8 -4.8 -4.8 -4.8 -4.7
Government Budget Value (KES million) -709807.00 -535 -815 -815 -460 -465
Government Spending (KES Million) 677726.60 695686 696025 696703 717035 760774
Government Revenues (KES Billion) 567.69 1285 1715 1715 920 960
Military Expenditure (USD Million) 1023.00 890 890 890 890 1100
Government Debt (KES Billion) 5968.41 5460 5670 5400 5700 6000
Fiscal Expenditure (KES Billion) 702.58 1820 2530 2530 1380 1425
Taxes Actual Q1 Q2 Q3 Q4 2020
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 16 16 16 16 16
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 Q1 Q2 Q3 Q4 2020
Manufacturing Pmi (points) 53.30 53 52.2 53 53.6 53.6
Car Production 614.00 600 560 575 380 460
Car Registrations 26281.00 26000 24000 23700 26351 27000
Cement Production (Tonnes) 453092.00 510000 462000 470000 575000 575000
Electricity Production (Gigawatt-hour) 940.40 1000 970 840 980 1100
Consumer Actual Q1 Q2 Q3 Q4 2020
Bank Lending Rate (%) 12.47 12.47 12.47 11.97 11.97 11.47
Gasoline Prices (USD/Liter) 1.09 1.15 1.18 1.21 1.24 1.24
Disposable Personal Income (KES Billion) 8031.20 8244 8248 8256 8497 9015
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits (KSH Million) 22624.08 22700 19900 19200 20600 22200


This page has economic forecasts for Kenya including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kenya economy.