Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 1862.07 1814 1782 1752 1721 1661
Currency 106.90 107 108 108 108 109
Government Bond 10y (%) 12.84 13.07 13.3 13.53 13.77 14.24

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.20 0.7 1 1.5 1 0.9
GDP Annual Growth Rate (%) -1.10 4.3 5.8 7 5.8 6.5
Unemployment Rate (%) 7.20 13.6 12.9 12.3 11.9 9.8
Inflation Rate (%) 5.76 5.4 5.2 5.2 5.1 5.3
Interest Rate (%) 7.00 6.75 6.5 6.5 6.5 6.25
Balance of Trade (Million KES) -92231.50 -108000 -102700 -86500 -106000 -107000
Current Account (USD Million) -4441.20 -4000 -5000 -4200 -4700 -5000
Current Account to GDP (%) -4.80 -5.2 -5.2 -5.2 -5.3 -5.3
Government Debt to GDP (%) 65.60 69 69 69 72 72
Government Budget (% of GDP) -7.80 -8.7 -8.7 -8.7 -7.5 -7.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.20 0.7 1 1.5 1 0.9
GDP Annual Growth Rate (%) -1.10 4.3 5.8 7 5.8 6.5
GDP (USD Billion) 95.50 85 85 85 85 97
GDP Constant Prices (KES Million) 1226025.00 1250757 1297134 1311847 1297134 1397117
Gross Fixed Capital Formation (KES Million) 900252.20 938963 952467 963270 952467 1025882
GDP per capita (USD) 1237.50 1230 1230 1230 1230 1350
GDP per capita PPP (USD) 4329.90 4320 4320 4320 4320 4450
GDP From Agriculture (Million KES) 241335.00 321973 255332 258228 255332 275013
GDP From Construction (Million KES) 83989.00 76022 88860 89868 88860 95710
GDP From Manufacturing (KES Million) 116390.00 124696 123141 124537 123141 132632
GDP From Mining (KES Million) 15023.00 13818 15894 16075 15894 17119
GDP From Public Administration (KES Million) 52254.00 61821 55285 55912 55285 59546
GDP From Services (KES Million) 24418.00 24550 25834 26127 25834 27826
GDP From Transport (KES Million) 96705.00 80743 102314 103474 102314 110200
GDP From Utilities (KES Million) 34659.00 37631 36669 37085 36669 39496

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.20 13.6 12.9 12.3 11.9 9.8
Population (Million) 47.60 50.35 50.35 51.4 51.4 52.6
Minimum Wages (KES/Month) 13572.00 15000 15000 15000 15000 15000

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.76 5.4 5.2 5.2 5.1 5.3
Consumer Price Index CPI (points) 113.81 114 114 118 120 124
Food Inflation (%) 6.65 6.2 6 5.6 5.4 5.2
Producer Prices (points) 102.07 103 104 104 103 105
Producer Prices Change (%) -0.19 1.3 1.4 1.4 1.2 1.6
Inflation Rate Mom (%) 0.40 0.8 -0.1 0.8 0.6 1

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 7.00 6.75 6.5 6.5 6.5 6.25
Interbank Rate (%) 5.23 4.98 4.73 4.73 4.73 4.73
Money Supply M1 (KES Billion) 1734.58 1760 1650 1620 1580 1525
Money Supply M2 (KES Billion) 3263.46 3240 3120 3080 3100 3060
Money Supply M3 (KES Million) 4042989.00 4300000 4050000 3850000 3740000 3670000
Foreign Exchange Reserves (USD Million) 12886.00 13200 13180 12750 12600 13100
Deposit Interest Rate (%) 6.97 6.72 6.47 6.47 6.47 6.47

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (Million KES) -92231.50 -108000 -102700 -86500 -106000 -107000
Current Account (USD Million) -4441.20 -4000 -5000 -4200 -4700 -5000
Current Account to GDP (%) -4.80 -5.2 -5.2 -5.2 -5.3 -5.3
Imports (million KES) 159723.07 157000 161500 163000 159400 165000
Exports (Million KES) 67491.50 54300 56400 57000 55300 58000
External Debt (KES Billion) 3819.70 4200 4350 4200 4080 4300
Capital Flows (USD Million) -2558.30 -3400 -4000 -5200 -4700 -6300
Remittances (USD Thousand) 278346.65 280000 274000 285000 278000 275000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Foreign Direct Investment (KES Million) 135897.00 125000 125000 125000 140000 140000
Terms Of Trade (points) 68.00 70 70 70 72 72
Tourist Arrivals 47038.00 43000 37500 45000 60000 120000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 65.60 69 69 69 72 72
Government Budget (% of GDP) -7.80 -8.7 -8.7 -8.7 -7.5 -7.5
Government Budget Value (KES million) -433592.60 -500 -1500 -465 -1250 -800
Government Spending (KES Million) 734790.80 766387 777409 786226 777409 837331
Government Revenues (KES Billion) 1093.53 800 1100 1250 800 1300
Fiscal Expenditure (KES Billion) 1527.12 2300 1950 2500 1890 2100
Military Expenditure (USD Million) 1095.00 940 940 940 940 960
Government Debt (KES Billion) 7352.26 7500 6900 7500 6950 6800

Taxes Actual Q2 Q3 Q4 Q1 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 (%) 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 Q2 Q3 Q4 Q1 2022
Car Production 534.00 620 650 630 660 750
Car Registrations 35180.00 24800 27500 30000 27400 33000
Cement Production (Tonnes) 666855.00 575000 530000 645000 700000 730000
Electricity Production (Gigawatt-hour) 1012.24 1015 970 990 1000 1100
Manufacturing PMI (points) 41.50 51 53 52 51.7 53

Consumer Actual Q2 Q3 Q4 Q1 2022
Bank Lending Rate (%) 12.02 11.77 11.52 11.52 11.52 11.52
Disposable Personal Income (KES Billion) 8591.30 8961 9090 9193 9090 9790
Gasoline Prices (USD/Liter) 1.05 0.94 0.89 0.95 0.81 0.77

Housing Actual Q2 Q3 Q4 Q1 2022
Building Permits (KSH Million) 19298.92 23000 26000 30000 28500 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.