The Gross Domestic Product (GDP) in Kenya expanded 1.10 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Kenya averaged 1.38 percent from 2005 until 2020, reaching an all time high of 3.84 percent in the third quarter of 2010 and a record low of -5.43 percent in the first quarter of 2012. This page provides the latest reported value for - Kenya GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya GDP Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Growth Rate in Kenya is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Kenya to stand at 1.80 in 12 months time. In the long-term, the Kenya GDP Growth Rate is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Kenya GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.40 3.84 -5.43 2005 - 2020 percent Quarterly

Kenya GDP 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). Remaining part of GDP is mostly allocated to Information and Communication; Public Administration and Defense; Human Health and Social Work Activities; Electricity Supply; Administrative and Support Service Activities.