The economy of Kenya advanced 5.1% year-on-year in the third quarter of 2019, following a 5.6% growth in the previous period. It was the slowest expansion since the third quarter of 2017, as activity slowed in general. The agriculture, forestry and fisheries sector, which accounts for around one third of the GDP, increased much less (3.2% vs 4.2% in Q2), as prolonged drought impacted negatively the production of key crops such as tea and sugar cane. Slower growth was also visible in manufacturing (3.1% vs 4.2%); mining & quarrying (4.3% vs 5.7%); electricity & water supply (4.9% vs 5.6%), due to insufficient rains; construction (6.6% vs 7.2%); wholesale & retail trade (4.7% vs 6%); transport & storage (7.1% vs 7.2%); information & communication (8.4% vs 11.3%); accommodation & restaurants (9% vs 10.6%); finance & insurance (5.6% vs 7.2%); real estate (4.9% vs 5.4%) and public administration (5.8% vs 6%). 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. source: Kenya National Bureau of Statistics

GDP Annual Growth Rate in Kenya is expected to be 5.30 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 5.80 in 12 months time. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 6.10 percent in 2020, according to our econometric models.

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Kenya GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.60 11.60 0.20 2004 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-04-26 09:30 AM Q4 5.9% 6.4% 5.8%
2019-06-28 02:20 PM Q1 5.6% 5.9% 5.4% 5.7%
2019-09-30 02:25 PM Q2 5.6% 5.6% 5.6%
2019-12-31 12:40 PM Q3 5.1% 5.6% 5.8%
2020-04-27 09:30 AM Q4 5.1% 5.7%


News Stream
2019-09-30
Kenya GDP Annual Growth Rate Steady at 5.6% in Q2
The economy of Kenya advanced 5.6 percent year-on-year in the second quarter of 2019, the same pace as in the previous period, mainly due to continued slowdown in agriculture (4.1% vs 5.2% in Q1) and electricity & water supply (5.6% vs 6.1%), as a result of delayed long rains. Meanwhile, notable growth was recorded in information & communication (11.6% vs 10.5%); accommodation & food services (10.6% vs 10.1%); finance & insurance (6.7% vs 5%); professional, admin and support services (7.6% vs 4.8%); construction (7.2% vs 5.6%), amid ongoing public infrastructure projects especially the construction of roads and phase two of the Standard Gauge Railway; wholesale & retail trade (5.8% vs 5.5%) and mining (5.7% vs 2.2%). Also, output increased slightly faster for manufacturing (4.2% vs 3.2%); transport & storage (7.2% vs 6.7%) and real estate activities (5.4% vs 4.2%).

2019-06-28
Kenya GDP Growth Slows to 5.6% in Q1
Kenya's economy grew 5.6 percent year-on-year in the first quarter of 2019, slowing from a 6.5 percent expansion in the same period of the previous year, as dry weather conditions weighed on the farming sector.

2019-04-26
Kenya GDP Annual Growth Rate at 5.9% in Q4
The economy of Kenya advanced 5.9 percent year-on-year in the last quarter of 2018 compared to 6.4 percent in the previous period. The slowdown was driven by agriculture (3.9% vs 6.9% in Q3); manufacturing (3.1% vs 4.8%); real estate (1.6% vs 2.5%); wholesale and retail trade (12.1% vs 17.5%) and mining & quarrying (-2.9% vs 0.9%). In contrast, the biggest gains were recorded in accommodation & restaurants (21.3% vs 15.7%); information & communication (11.8% vs 9.8%); transportation & storage (9.3% vs 9%); electricity & water supply (8.7% vs 7.8%); construction (7.3% vs 7%) and finance & insurance (7% vs 5.4%). On a quarterly basis, the GDP grew 1.5 percent, compared to a 1.4 percent rise in Q3 2018. In 2018 as a whole, the GDP expanded a notable 6.3% from 4.9% in 2017, mainly boosted by agriculture (6.4%), manufacturing (4.2%) and transportation (8.8%). It marks the fastest growth since 2010 when the country advanced 8.4 percent.


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).

Kenya GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.10 3.84 -5.43 percent [+]
GDP Annual Growth Rate 5.10 5.60 11.60 0.20 percent [+]
GDP 87.91 78.76 87.91 0.79 USD Billion [+]
GDP Constant Prices 1230750.00 1277070.00 1293940.00 705260.00 KES Million [+]
Gross Fixed Capital Formation 898016.90 852608.40 976086.00 637.00 KES Million [+]
GDP per capita 1202.10 1157.10 1202.10 480.40 USD [+]
GDP per capita PPP 3076.84 2961.46 3076.84 2073.09 USD [+]
GDP From Agriculture 224717.00 295833.00 339320.00 142195.00 Million KES [+]
GDP From Construction 72122.00 70120.00 74790.00 24862.00 Million KES [+]
GDP From Manufacturing 118715.00 124418.00 124418.00 82195.00 KES Million [+]
GDP From Mining 12842.00 12085.00 13186.00 4195.00 KES Million [+]
GDP From Public Administration 46938.00 55424.00 55424.00 31113.00 KES Million [+]
GDP From Services 27899.00 27969.00 27969.00 18128.00 KES Million [+]
GDP From Transport 93923.00 88340.00 95613.00 47476.00 KES Million [+]
GDP From Utilities 32539.00 35777.00 35777.00 15489.00 KES Million [+]