The economy of Kenya advanced by 5.2% year-on-year in the second quarter of 2022, the fourth consecutive quarter of slowing growth, below market expectations of a 5.6% rise. It was the weakest economic expansion since the first quarter of 2021, amid disruptions caused by uncertainty around the national election and the prolonged drought. The all-important agricultural sector contracted for the third straight quarter (-2.1% vs -0.7% in Q1), as unprecedented drought in northern Kenya continued to hit hard most of the crops and livestock production. There was also a broad-based loss in momentum in sectors such as accommodation and restaurants (22% vs 56.2%), finance & insurance (11.6% vs 14.7%), other services (6.7% vs 10.8%), transport & storage (7.1% vs 7.8%), real estate (5.5% vs 6.1%) and construction (5.8% vs 6.4%), among others. On a seasonally adjusted quarterly basis, the GDP grew by 0.8%, following a 1% rise in the previous quarter. source: Kenya National Bureau of Statistics

GDP Annual Growth Rate in Kenya averaged 4.83 percent from 2004 until 2022, reaching an all time high of 11.00 percent in the second quarter of 2021 and a record low of -4.10 percent in the second quarter of 2020. 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 December of 2022.

GDP Annual Growth Rate in Kenya is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 5.10 percent in 2023 and 5.40 percent in 2024, according to our econometric models.

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Kenya GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-01 09:15 AM Q1 6.8% 7.4% 6.8%
2022-10-11 03:30 PM Q2 5.2% 6.8% 5.6% 6.2%
2022-12-30 02:00 PM Q3 5.2% 5.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.80 1.00 percent Jun 2022
GDP Annual Growth Rate 5.20 6.80 percent Jun 2022
GDP Constant Prices 2493853.00 2480206.00 KES Million Jun 2022
Gross Fixed Capital Formation 2079760.10 1920884.50 KES Million Dec 2020
GDP from Utilities 57916.00 57982.00 KES Million Jun 2022
GDP from Transport 239420.00 224095.00 KES Million Jun 2022
GDP from Services 65118.00 63407.00 KES Million Jun 2022
GDP from Public Administration 152374.00 137825.00 KES Million Jun 2022
GDP from Mining 30624.00 31515.00 KES Million Jun 2022
GDP from Manufacturing 205209.00 206804.00 KES Million Jun 2022
GDP from Construction 139930.00 142307.00 Million KES Jun 2022
GDP from Agriculture 483607.00 462271.00 Million KES Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
5.20 6.80 11.00 -4.10 2004 - 2022 percent Quarterly
2016=100

News Stream
Kenya GDP Growth at Over 1-Year Low
The economy of Kenya advanced by 5.2% year-on-year in the second quarter of 2022, the fourth consecutive quarter of slowing growth, below market expectations of a 5.6% rise. It was the weakest economic expansion since the first quarter of 2021, amid disruptions caused by uncertainty around the national election and the prolonged drought. The all-important agricultural sector contracted for the third straight quarter (-2.1% vs -0.7% in Q1), as unprecedented drought in northern Kenya continued to hit hard most of the crops and livestock production. There was also a broad-based loss in momentum in sectors such as accommodation and restaurants (22% vs 56.2%), finance & insurance (11.6% vs 14.7%), other services (6.7% vs 10.8%), transport & storage (7.1% vs 7.8%), real estate (5.5% vs 6.1%) and construction (5.8% vs 6.4%), among others. On a seasonally adjusted quarterly basis, the GDP grew by 0.8%, following a 1% rise in the previous quarter.
2022-10-12
Kenya Economy Continues to Expand
The economy of Kenya advanced by 6.8% from a year ago in the first quarter of 2022, following a 7.4% rise in the previous period. It marks the sixth consecutive quarter of economic expansion amid the ongoing recovery from the Covid-19 pandemic, driven by transport and storage (8.1% vs 6.5% in Q4), accommodation and food services (56.2% vs 116.6%); finance & insurance (14.4% vs 9.9%) and wholesale & retail trade (8.7% vs 8.4%). Other key sectors like construction (6.4% vs 6%), real estate (6.1% vs 5.7%), and information communication (6.1% vs 5.3%) also grew at a faster pace. Agriculture, which is the biggest contributor to output, contracted by 0.7%, as reduced rainfall during the fourth quarter of 2021 as well as delayed onset of rains during the quarter under review, weighed on key horticultural and tea production.
2022-07-01
Kenya's Economy Continues to Recover
The economy of Kenya advanced by 7.3% from a year ago in the fourth quarter of 2021, following a downwardly revised 9.3% rise in the previous period. It was the fifth consecutive quarter of expansion, with robust growth observed in accommodation and food serving activities (118.6%), mining & quarrying (34.5%), finance & insurance (9.9%), wholesale & retail trade (8.4%), and professional, administrative and support services (8.1%). On a negative note, the agricultural sector shrank 1.2%, due to unfavourable weather conditions experienced in most parts of the country. Considering 2021 as a whole, the GDP rebounded by 7.5%, compared with a 0.3% contraction in 2020, with most sectors recording significant improvement.
2022-05-05