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.
GDP Annual Growth Rate in Kenya averaged 5.45 percent from 2004 until 2019, 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 May of 2020. source: Kenya National Bureau of Statistics
GDP Annual Growth Rate in Kenya is expected to be 1.90 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 3.40 in 12 months time. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 5.20 percent in 2021 and 5.30 percent in 2022, according to our econometric models.