Kenya's economy plunged 5.7% year-on-year in the second quarter of 2020, after growing 4.9% in the previous period. It was the first economic contraction since at least the first quarter of 2004, amid the Covid-19 pandemic and related containment measures that included restrictions on movements and closure of some businesses and learning institutions. The accommodation & food services sector was the most affected (-83.3% vs -9.3% in Q1), followed by education (-56.2% vs 5.3%); professional, administrative and support services (-15.7% vs 4.4%); wholesale and retail trade (-6.9% vs 6.4%) and manufacturing (-3.9% vs 2.9%). On a seasonally quarterly basis, the GDP contracted 9.1%, following a downwardly revised 0.8% growth in the previous period.

GDP Annual Growth Rate in Kenya averaged 5.44 percent from 2004 until 2020, reaching an all time high of 11.60 percent in the fourth quarter of 2010 and a record low of 0.20 percent in the fourth quarter of 2008. 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 October of 2020. source: Kenya National Bureau of Statistics

GDP Annual Growth Rate in Kenya is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kenya to stand at 4.50 in 12 months time. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 4.30 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Kenya GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 4.90 11.60 -5.70 2004 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-31 12:40 PM Q3 5.1% 5.6% 5.8%
2020-04-28 10:00 AM Q4 5.5% 5.2% 5.4%
2020-06-30 02:10 PM Q1 4.9% 5.5% 5.6%
2020-10-15 09:00 AM Q2 -5.7% 4.9% 1.2%
2020-12-28 10:30 AM Q3 -5.7% 1.7%
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News Stream
Kenya GDP Contracts 5.7% YoY in Q2
Kenya's economy plunged 5.7% year-on-year in the second quarter of 2020, after growing 4.9% in the previous period. It was the first economic contraction since at least the first quarter of 2004, amid the Covid-19 pandemic and related containment measures that included restrictions on movements and closure of some businesses and learning institutions. The accommodation & food services sector was the most affected (-83.3% vs -9.3% in Q1), followed by education (-56.2% vs 5.3%); professional, administrative and support services (-15.7% vs 4.4%); wholesale and retail trade (-6.9% vs 6.4%) and manufacturing (-3.9% vs 2.9%). On a seasonally quarterly basis, the GDP contracted 9.1%, following a downwardly revised 0.8% growth in the previous period.
2020-10-15
Kenya GDP Growth Weakest in Almost 3 Years
Kenya's annual economic growth slowed to 4.9 percent in the first quarter of 2020 from 5.5 percent in the previous period. That was the slowest pace of expansion since the second quarter of 2017, as the uncertainty created by the coronavirus pandemic affected severely the country's tourism sector as reflected in accommodation & food services (-9.3 percent vs 9 percent in Q4). Meantime, slower growth was mainly observed in transportation & storage (6.2 percent vs 9.2 percent); finance & insurance (6 percent vs 6.6 percent) and real estate activities (4.3 percent vs 5.1 percent). In contrast, solid rises were recorded in information & communication (9.8 percent vs 9.4 percent); mining & quarrying (9.5 percent vs 0.3 percent) and agriculture (4.9 percent vs 4 percent). On a seasonally quarterly basis, the economy advanced 1.1 percent, following a downwardly revised 1.4 percent growth in the previous period.
2020-06-30
Kenya GDP Expands 5.5% YoY in Q4
The economy of Kenya advanced 5.5% year-on-year in the fourth quarter of 2019, following an upwardly revised 5.2% growth in the previous period. This was the fastest expansion in three quarters, as activity in the all-important agricultural sector improved significantly (4% vs 2.4% in Q3), helped by drought-resistant crops such as sorghum and millet. Stronger growth was also recorded in wholesale & retail trade (6.4% vs 6.1%); transport & storage (9.2% vs 7.6%); information & communication (9.4% vs 8.1%) and professional, administrative and support services (4.9% vs 4.8%). Meanwhile, activity slowed in manufacturing (2.3% vs 3.2%); mining & quarrying (0.3% vs 3.4%); construction (5.7% vs 6.6%); finance & insurance (6.6% vs 8.1%); real estate (5% vs 5.5%); public administration (6.2% vs 8.4%) and education (5.4% vs 6.1%) . Considering full 2019, the GDP expanded 5.4% compared to 6.3% a year ago.
2020-04-28
Kenya GDP Grows the Least in 2 Years
The economy of Kenya advanced 5.1% year-on-year in the third quarter of 2019, following a 5.6% growth in the previous period. It was the slowest expansion since the third quarter of 2017, as activity slowed in general. The agriculture, forestry and fisheries sector, which accounts for around one third of the GDP, increased much less (3.2% vs 4.2% in Q2), as prolonged drought impacted negatively the production of key crops such as tea and sugar cane. Slower growth was also visible in manufacturing (3.1% vs 4.2%); mining & quarrying (4.3% vs 5.7%); electricity & water supply (4.9% vs 5.6%), due to insufficient rains; construction (6.6% vs 7.2%); wholesale& retail trade (4.7% vs 6%); transport & storage (7.1% vs 7.2%); information & communication (8.4% vs 11.3%); accommodation & restaurants (9% vs 10.6%); finance & insurance (5.6% vs 7.2%); real estate (4.9% vs 5.4%) and public administration (5.8% vs 6%).
2019-12-31

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).