Markets Actual Q3 Q4 Q1 Q2 2021
Currency 108.30 109 109 109 109 110
Stock Market (points) 1839.96 1817 1785 1754 1724 1664
Government Bond 10y (%) 11.55 11.75 11.96 12.17 12.38 12.81

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 1.10 0.8 1.4 1.6 1.8 2
GDP Annual Growth Rate (%) 4.90 1.7 2 3.4 4.3 4.3
Unemployment Rate (%) 4.90 5.4 6 6.2 5.7 7
Inflation Rate (%) 4.36 4.7 5 5.3 5.1 5.2
Interest Rate (%) 7.00 7 7 6.75 6.75 6.5
Balance of Trade (Million KES) -86761.00 -85000 -73000 -103700 -80000 -86500
Current Account (USD Million) -5392.60 -3500 -4100 -3800 -4000 -4200
Current Account to GDP (%) -4.60 -4.3 -4.3 -4.6 -4.6 -4.6
Government Debt to GDP (%) 57.00 64 64 62 62 62
Government Budget (% of GDP) -5.60 -7.5 -7.5 -7.3 -7.3 -7.3
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 2021
GDP Growth Rate (%) 1.10 0.8 1.4 1.6 1.8 2
GDP Annual Growth Rate (%) 4.90 1.7 2 3.4 4.3 4.3
GDP (USD Billion) 95.50 70 70 85 85 85
GDP Constant Prices (KES Million) 1350941.00 1244014 1284162 1396873 1409031 1339381
Gross Fixed Capital Formation (KES Million) 900252.20 886578 918257 930861 938963 957742
GDP per capita (USD) 1237.50 1090 1090 1230 1230 1230
GDP per capita PPP (USD) 4329.90 4100 4100 4320 4320 4320
GDP From Agriculture (Million KES) 351397.00 223564 208336 363344 366507 217294
GDP From Construction (Million KES) 67928.00 72887 80906 70238 70849 84385
GDP From Manufacturing (KES Million) 125725.00 120739 115554 130000 131131 120523
GDP From Mining (KES Million) 14412.00 12820 12650 14902 15032 13194
GDP From Public Administration (KES Million) 49952.00 48063 51686 51650 52100 53909
GDP From Services (KES Million) 27457.00 28071 29725 28391 28638 31003
GDP From Transport (KES Million) 84312.00 94744 108245 87179 87937 112900
GDP From Utilities (KES Million) 34896.00 33377 32509 36082 36397 33907

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.90 5.4 6 6.2 5.7 7
Population (Million) 47.60 49.6 50.2 50.35 50.35 51.4
Minimum Wages (KES/Month) 13572.00 13572 13572 13572 15000 15000

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 4.36 4.7 5 5.3 5.1 5.2
Consumer Price Index CPI (points) 108.57 108 110 113 114 116
Food Inflation (%) 5.43 9 8.5 8.3 9.1 9
Producer Prices (points) 101.48 104 104 102 100 105
Producer Prices Change (%) -0.89 2 1.2 0.7 -1.3 1.4
Inflation Rate Mom (%) 0.20 0.9 1.2 1 0.8 1.1

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.00 7 7 6.75 6.75 6.5
Interbank Rate (%) 2.12 2.12 2.12 1.87 1.87 1.87
Foreign Exchange Reserves (USD Million) 12285.70 12050 12400 12400 13200 12750
Deposit Interest Rate (%) 8.30 8.3 8.3 8.05 8.05 8.05

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (Million KES) -86761.00 -85000 -73000 -103700 -80000 -86500
Current Account (USD Million) -5392.60 -3500 -4100 -3800 -4000 -4200
Current Account to GDP (%) -4.60 -4.3 -4.3 -4.6 -4.6 -4.6
Imports (million KES) 138761.00 128000 145000 153000 147000 154000
Exports (Million KES) 52000.00 43000 40000 49300 67000 54000
External Debt (KES Billion) 3496.43 3250 3300 3000 3200 3200
Capital Flows (USD Million) -5666.30 -6500 -6000 -4700 -5200 -6100
Remittances (USD Thousand) 276987.67 220000 240000 243000 265000 270000
Gold Reserves (Tonnes) 0.00 0 0 0 0 0
Terms Of Trade (points) 68.00 72.1 72.1 72.1 72.1 73.4
Tourist Arrivals 12.00 60000 100000 115000 130000 130000
Foreign Direct Investment (KES Million) 135897.00 85000 85000 120000 120000 120000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 57.00 64 64 62 62 62
Government Budget (% of GDP) -5.60 -7.5 -7.5 -7.3 -7.3 -7.3
Government Budget Value (KES million) -164190.00 -300 -450 -600 -1150 -1050
Government Spending (KES Million) 734790.80 706397 749487 759774 766387 781715
Government Revenues (KES Billion) 1739.45 700 930 1200 1500 1450
Military Expenditure (USD Million) 1023.00 890 890 890 890 1100
Government Debt (KES Billion) 6436.75 6500 6580 6650 6500 6500
Fiscal Expenditure (KES Billion) 2217.76 1000 1380 1800 2650 2500

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 14.00 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 2021
Manufacturing Pmi (points) 53.00 51 50.2 49.5 51 52
Electricity Production (Gigawatt-hour) 912.89 860 900 900 960 965
Car Production 669.00 480 520 670 570 630
Car Registrations 12756.00 180000 22500 23400 24800 26000
Cement Production (Tonnes) 509947.00 475000 520000 560000 545000 550000

Consumer Actual Q3 Q4 Q1 Q2 2021
Bank Lending Rate (%) 11.95 11.95 11.95 11.7 11.7 11.7
Gasoline Prices (USD/Liter) 0.94 0.75 0.71 0.68 0.64 0.61
Disposable Personal Income (KES Billion) 8591.30 8002 8763 8883 8961 9140

Housing Actual Q3 Q4 Q1 Q2 2021
Building Permits (KSH Million) 54873.66 18000 17000 45000 25000 35000


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.