Markets Actual Q4 Q1 Q2 Q3 2021
Currency 109.60 110 110 110 110 111
Stock Market (points) 1790.72 1756 1726 1696 1666 1608
Government Bond 10y (%) 12.03 12.24 12.45 12.67 12.89 13.34

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -9.10 1.4 1.6 1.8 1.4 1.8
GDP Annual Growth Rate (%) -5.70 3 3.4 4.3 4.5 4.3
Unemployment Rate (%) 10.40 6 6.2 5.7 6.1 7
Inflation Rate (%) 4.84 5 4.7 5.1 5.2 5.2
Interest Rate (%) 7.00 7 6.75 6.75 6.5 6.5
Balance of Trade (Million KES) -83612.00 -73000 -103700 -92000 -90000 -86500
Current Account (USD Million) -5066.90 -4100 -3800 -4000 -5000 -4200
Current Account to GDP (%) -4.60 -4.8 -4.6 -4.6 -4.6 -4.6
Government Debt to GDP (%) 57.00 68 62 62 62 62
Government Budget (% of GDP) -5.60 -8.9 -7.6 -7.6 -7.6 -7.6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -9.10 1.4 1.6 1.8 1.4 1.8
GDP Annual Growth Rate (%) -5.70 3 3.4 4.3 4.5 4.3
GDP (USD Billion) 95.50 70 85 85 85 85
GDP Constant Prices (KES Million) 1197679.00 1344373 1296751 1396873 1409031 1430412
Gross Fixed Capital Formation (KES Million) 900252.20 1651173 927260 930861 938963 1761801
GDP per capita (USD) 1237.50 1090 1230 1230 1230 1230
GDP per capita PPP (USD) 4329.90 4100 4320 4320 4320 4320
GDP From Agriculture (Million KES) 308367.00 250628 210379 363344 366507 267420
GDP From Construction (Million KES) 72888.00 76337 81700 70238 70849 81452
GDP From Manufacturing (KES Million) 118767.00 127682 116687 130000 131131 136237
GDP From Mining (KES Million) 13248.00 14865 12774 14902 15032 15861
GDP From Public Administration (KES Million) 59272.00 49238 52193 51650 52100 52537
GDP From Services (KES Million) 23418.00 29642 30016 28391 28638 31628
GDP From Transport (KES Million) 77264.00 97271 109307 87179 87937 103788
GDP From Utilities (KES Million) 36080.00 34812 32828 36082 36397 37144

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 10.40 6 6.2 5.7 6.1 7
Population (Million) 47.60 50.2 50.35 50.35 50.35 51.4
Minimum Wages (KES/Month) 13572.00 13572 13572 15000 15000 15000

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.84 5 4.7 5.1 5.2 5.2
Consumer Price Index CPI (points) 109.60 110 112 114 114 116
Food Inflation (%) 5.76 4 4.3 5 6 5.5
Producer Prices (points) 102.07 127 104 102 100 130
Producer Prices Change (%) -0.19 1.2 0.7 -1.3 1.8 1.4
Inflation Rate Mom (%) 0.95 1.2 1 0.8 -0.1 0.8

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 7.00 7 6.75 6.75 6.5 6.5
Interbank Rate (%) 2.63 2.63 2.38 2.38 2.13 2.13
Foreign Exchange Reserves (USD Million) 13680.90 12400 12400 13200 13180 12750
Deposit Interest Rate (%) 7.50 7.5 7.25 7.25 7 7

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (Million KES) -83612.00 -73000 -103700 -92000 -90000 -86500
Current Account (USD Million) -5066.90 -4100 -3800 -4000 -5000 -4200
Current Account to GDP (%) -4.60 -4.8 -4.6 -4.6 -4.6 -4.6
Imports (million KES) 137776.00 145000 153000 147000 150000 152000
Exports (Million KES) 54163.00 58000 49300 55000 60000 54000
External Debt (KES Billion) 3515.81 4400 3880 4200 4350 4200
Capital Flows (USD Million) -4451.50 -6000 -4700 -5200 -6500 -6100
Remittances (USD Thousand) 276987.67 275000 255000 280000 265000 270000
Gold Reserves (Tonnes) 0.00 0 0 0 0 0
Terms Of Trade (points) 68.00 72.1 72.1 72.1 72.1 73.4
Tourist Arrivals 13919.00 30000 45000 90000 125000 118000
Foreign Direct Investment (KES Million) 135897.00 85000 120000 120000 120000 120000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 57.00 68 62 62 62 62
Government Budget (% of GDP) -5.60 -8.9 -7.6 -7.6 -7.6 -7.6
Government Budget Value (KES million) -478312.20 -460 -1350 -1800 -1350 -465
Government Spending (KES Million) 734790.80 802851 756835 759774 766387 856642
Government Revenues (KES Billion) 1739.45 1400 1200 1500 1100 1250
Military Expenditure (USD Million) 1023.00 890 940 940 940 940
Government Debt (KES Billion) 6693.68 6580 6650 6500 6700 6700
Fiscal Expenditure (KES Billion) 2217.76 2750 3000 2850 2940 3000

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 14.00 14 14 14 14 14
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 Q4 Q1 Q2 Q3 2021
Manufacturing Pmi (points) 59.10 50.2 49.5 51 53 52
Electricity Production (Gigawatt-hour) 977.09 1000 985 950 970 965
Car Production 560.00 570 700 620 650 630
Car Registrations 27116.00 21800 23400 24800 26000 25800
Cement Production (Tonnes) 628496.00 530000 550000 525000 530000 545000

Consumer Actual Q4 Q1 Q2 Q3 2021
Bank Lending Rate (%) 11.94 11.94 11.69 11.69 11.44 11.44
Gasoline Prices (USD/Liter) 0.97 1.01 0.71 0.68 0.64 0.95
Disposable Personal Income (KES Billion) 8591.30 8055 8849 8883 8961 8595

Housing Actual Q4 Q1 Q2 Q3 2021
Building Permits (KSH Million) 6013.02 10000 18000 25000 23000 23000


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.