Markets Actual Q4 Q1 Q2 Q3 2023
Stock Market (points) 1646.41 1625 1600 1575 1551 1504
Currency 122.75 123 123 123 123 123
Government Bond 10Y (%) 13.84 13.96 14.09 14.21 14.34 14.6

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.80 2.5 1.4 1.7 3 1.7
GDP Annual Growth Rate (%) 5.20 5.5 5.3 4.8 5 5.1
Unemployment Rate (%) 6.60 7.5 7.3 7.6 7.4 7
Inflation Rate (%) 9.50 9.4 8.5 7 5.4 5
Interest Rate (%) 8.75 8.75 9.25 9.5 9.5 9.5
Balance of Trade (Million KES) -147848.00 -140200 -117500 -151700 -111600 -138000
Current Account (USD Million) -6020.60 -6500 -6250 -5800 -6100 -6200
Current Account to GDP (% of GDP) -5.40 -5.2 -5 -5 -5 -5
Government Debt to GDP (% of GDP) 68.40 70 70 72 72 72
Government Budget (% of GDP) -8.10 -5.8 -4.3 -4.3 -4.3 -4.3
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 2023
GDP Growth Rate (%) 0.80 2.5 1.4 1.7 3 1.7
GDP Annual Growth Rate (%) 5.20 5.5 5.3 4.8 5 5.1
GDP (USD Billion) 110.35 107 107 107 107 110
GDP Constant Prices (KES Million) 2493853.00 2548274 2611657 2613558 2618546 2678236
Gross Fixed Capital Formation (KES Million) 2079760.10 2194147 2189987 2179589 2183748 2306048
GDP per Capita (USD) 1643.57 1550 1550 1550 1550 1600
GDP per Capita PPP (USD) 4572.67 4450 4450 4450 4450 4450
Full Year GDP Growth (%) 7.50 5.5 5.1 5.1 5.1 5.1
GDP from Agriculture (Million KES) 483607.00 408564 486771 506820 507787 429400
GDP from Construction (Million KES) 139930.00 151441 149849 146647 146927 159165
GDP from Manufacturing (KES Million) 205209.00 222510 217765 215059 215469 233858
GDP from Mining (KES Million) 30624.00 31444 33185 32094 32155 33048
GDP from Public Administration (KES Million) 152374.00 153067 145130 159688 159993 160873
GDP from Services (KES Million) 65118.00 69595 66768 68244 68374 73145
GDP from Transport (KES Million) 239420.00 238147 235972 250912 251391 250293
GDP from Utilities (KES Million) 57916.00 62439 61055 60696 60812 65624

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 6.60 7.5 7.3 7.6 7.4 7
Population (Million) 49.40 52.6 52.6 52.6 52.6 52.6
Minimum Wages (KES/Month) 15120.00 15120 15120 15120 15120 15120

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 9.50 9.4 8.5 7 5.4 5
Consumer Price Index CPI (points) 128.31 129 130 133 134 136
Food Inflation (%) 15.40 15 13 10 8 7.3
Inflation Rate MoM (%) 0.30 0.8 0.6 0.4 0.3 0.4
Producer Prices (points) 117.93 125 128 126 125 132
Producer Prices Change (%) 11.21 10 8.5 7 6.4 6

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 8.75 8.75 9.25 9.5 9.5 9.5
Money Supply M1 (KES Billion) 1910.40 1820 1745 1810 1760 1750
Interbank Rate (%) 5.44 5.44 5.94 6.19 6.19 6.19
Money Supply M2 (KES Billion) 3553.90 3350 3200 3400 3460 3400
Money Supply M3 (KES Million) 4443011.81 4300000 4270000 4240000 4180000 4200000
Foreign Exchange Reserves (USD Million) 11337.40 12150 12400 12700 13200 13000
Deposit Interest Rate (%) 6.69 6.69 7.19 7.44 7.44 7.44
Central Bank Balance Sheet (KES Million) 1411932.00 1425000 1380000 1405000 1365000 1360000

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (Million KES) -147848.00 -140200 -117500 -151700 -111600 -138000
Current Account (USD Million) -6020.60 -6500 -6250 -5800 -6100 -6200
Current Account to GDP (% of GDP) -5.40 -5.2 -5 -5 -5 -5
Imports (million KES) 227714.00 210000 185000 220000 178000 205000
Exports (Million KES) 79866.00 69800 67500 68300 66400 67000
External Debt (KES Billion) 4334.79 4700 4580 4530 4600 4600
Capital Flows (USD Million) -6672.80 -7300 -4500 -6200 -5800 -6000
Remittances (USD Thousand) 317980.99 340000 325000 317000 320000 320000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Terms of Trade (points) 73.00 75 77 77 77 77
Tourist Arrivals 102139.00 92000 81700 85000 87000 84000
Foreign Direct Investment (KES Million) 50801.00 48000 53000 53000 53000 53000

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 68.40 70 70 72 72 72
Government Budget (% of GDP) -8.10 -5.8 -4.3 -4.3 -4.3 -4.3
Government Budget Value (KES million) -44543.00 -1250 -1880 -1620 -1150 -1350
Government Spending (KES Million) 1214499.10 1281297 1278868 1272795 1275224 1346643
Government Revenues (KES Billion) 542.15 2550 1800 2100 2300 2300
Fiscal Expenditure (KES Billion) 664.83 3800 3680 3720 3450 3650
Government Debt (KES Billion) 8701.07 8900 9100 9300 9500 9700
Military Expenditure (USD Million) 1113.30 960 960 960 960 960

Taxes Actual Q4 Q1 Q2 Q3 2023
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 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 2023
Car Production (units) 1154.00 1100 950 1200 1080 1050
Car Registrations (Units) 15307.00 32000 28500 34000 40100 38000
Cement Production (Tonnes) 753968.00 870000 855000 910000 890000 900000
Electricity Production (Gigawatt-hour) 1115.44 1080 960 960 1100 1050
Manufacturing PMI (points) 50.90 49 51.3 50.7 52 52

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Spending (KES Million) 6406639.50 6759005 6746191 6714158 6726971 7103714
Bank Lending Rate (%) 12.41 12.41 12.91 13.16 13.16 13.16
Disposable Personal Income (KES Billion) 11208.30 11825 11802 11746 11769 12428
Gasoline Prices (USD/Liter) 1.47 1.53 1.58 1.64 1.71 1.83

Housing Actual Q4 Q1 Q2 Q3 2023
Building Permits (KES Million) 7960.21 13700 12800 14000 16000 14500