Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 2059.33 2037 2011 1985 1960 1910
Currency 109.85 110 110 111 111 111
Government Bond 10y (%) 12.30 12.62 12.9 13.18 13.47 14.06

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.49 1 1.5 1 1.3 1.3
GDP Annual Growth Rate (%) -1.10 7 6.6 6.2 6 5.8
Unemployment Rate (%) 7.20 7.6 7.4 7.2 7 7.2
Inflation Rate (%) 6.57 6 5.4 5.2 5 5
Interest Rate (%) 7.00 7 7 7 6.5 6.25
Balance of Trade (Million KES) -103416.00 -106500 -86500 -112100 -110900 -115700
Current Account (USD Million) -5518.50 -5050 -4760 -5200 -5400 -5400
Current Account to GDP (% of GDP) -4.80 -5.2 -5.2 -5.3 -5.3 -5.3
Government Debt to GDP (% of GDP) 65.60 69 69 72 72 72
Government Budget (% of GDP) -7.80 -7.5 -7.5 -7.5 -7.5 -5.6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.49 1 1.5 1 1.3 1.3
GDP Annual Growth Rate (%) -1.10 7 6.6 6.2 6 5.8
GDP (USD Billion) 98.84 100 100 107 107 107
GDP Constant Prices (KES Million) 2219852.00 1311847 2366362 2357483 2353043 2503611
Gross Fixed Capital Formation (KES Million) 900252.20 963270 1761801 956068 954267 1015330
GDP per capita (USD) 1206.22 1230 1230 1230 1230 1350
GDP per capita PPP (USD) 4220.44 4320 4320 4320 4320 4450
GDP From Agriculture (Million KES) 378079.00 258228 403032 401520 400764 426408
GDP From Construction (Million KES) 134584.00 89868 143467 142928 142659 151788
GDP From Manufacturing (KES Million) 200065.00 124537 213269 212469 212069 225639
GDP From Mining (KES Million) 22835.00 16075 24342 24251 24205 25754
GDP From Public Administration (KES Million) 139744.00 55912 148967 148408 148129 157607
GDP From Services (KES Million) 60838.00 26127 64853 64610 64488 68615
GDP From Transport (KES Million) 212075.00 103474 226072 225224 224800 239184
GDP From Utilities (KES Million) 56910.00 37085 60666 60438 60325 64185

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.20 7.6 7.4 7.2 7 7.2
Population (Million) 53.70 50.35 51.4 51.4 51.4 52.6
Minimum Wages (KES/Month) 13572.00 15000 15000 15000 15000 15000

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 6.57 6 5.4 5.2 5 5
Consumer Price Index CPI (points) 115.71 115 233 120 121 124
Food Inflation (%) 10.67 6.7 5.6 5.4 5.3 5.2
Inflation Rate Mom (%) 0.23 -0.1 0.4 0.2 0.3 0.3
Producer Prices (points) 107.70 110 130 110 111 110
Producer Prices Change (%) 6.02 7 5 3.7 2.8 2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 7.00 7 7 7 6.5 6.25
Interbank Rate (%) 4.63 4.63 4.63 4.63 4.13 3.88
Money Supply M1 (KES Billion) 1775.21 1650 1620 1580 1550 1525
Money Supply M2 (KES Billion) 3373.46 3180 3230 3100 2900 2900
Money Supply M3 (KES Million) 4133791.00 4050000 3850000 3740000 3650000 3470000
Foreign Exchange Reserves (USD Million) 14741.40 13180 12750 12600 13000 13100
Deposit Interest Rate (%) 6.97 6.97 6.97 6.97 6.47 6.22

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (Million KES) -103416.00 -106500 -86500 -112100 -110900 -115700
Current Account (USD Million) -5518.50 -5050 -4760 -5200 -5400 -5400
Current Account to GDP (% of GDP) -4.80 -5.2 -5.2 -5.3 -5.3 -5.3
Imports (million KES) 160160.00 168500 172000 169400 170000 175000
Exports (Million KES) 56744.00 62000 60000 57300 59100 59300
External Debt (KES Billion) 4015.30 4350 4500 4080 4200 4300
Capital Flows (USD Million) -3776.80 -2900 -3300 -3500 -4000 -3800
Remittances (USD Thousand) 336711.49 274000 285000 278000 278000 275000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Foreign Direct Investment (KES Million) 135897.00 125000 125000 140000 140000 140000
Terms Of Trade (points) 68.00 70 70 72 72 72
Tourist Arrivals 48532.00 37500 45000 52000 54000 60000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 65.60 69 69 72 72 72
Government Budget (% of GDP) -7.80 -7.5 -7.5 -7.5 -7.5 -5.6
Government Budget Value (KES million) -433592.60 -900 -465 -1200 -920 -1100
Government Spending (KES Million) 734790.80 786226 856642 780348 778878 828718
Government Revenues (KES Billion) 1775.27 1280 1300 970 950 1000
Military Expenditure (USD Million) 1097.00 940 940 940 940 960
Government Debt (KES Billion) 7712.39 7300 7500 7250 7600 7600
Fiscal Expenditure (KES Billion) 2706.30 1950 2500 1890 1950 2100

Taxes Actual Q3 Q4 Q1 Q2 2022
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 Q3 Q4 Q1 Q2 2022
Manufacturing PMI (points) 51.10 53.6 52 51.7 53 53
Electricity Production (Gigawatt-hour) 1026.72 980 1020 980 960 1000
Car Production 732.00 650 630 660 720 750
Car Registrations 25527.00 27500 30000 27400 28500 31000
Cement Production (Tonnes) 710228.00 630000 645000 665000 680000 710000

Consumer Actual Q3 Q4 Q1 Q2 2022
Bank Lending Rate (%) 12.09 12.09 12.09 12.09 11.59 11.34
Gasoline Prices (USD/Liter) 1.19 1.13 1.07 1.02 0.97 0.92
Disposable Personal Income (KES Billion) 8591.30 9193 8595 9124 9107 9690

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (KSH Million) 4747.75 14000 10000 15000 20000 30000


This page has economic forecasts for Kenya including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kenya economy.