Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Stock Market (points) 1656.20 1649 1623 1599 1574
Currency 124.55 124 125 125 125
Government Bond 10Y (%) 13.92 14.03 14.14 14.24 14.35

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Growth Rate (%) 0.94 1.4 1.7 3 1.7
GDP Annual Growth Rate (%) 4.70 5.2 6 5.7 6.2
Unemployment Rate (%) 6.60 7.3 7.6 7.4 7
Inflation Rate (%) 9.00 8.5 7 5.4 5
Interest Rate (%) 8.75 8.75 9 9 9
Balance of Trade (Million KES) -120617.00 -117500 -151700 -111600 -138000
Current Account (USD Million) -5771.00 -6250 -5800 -6100 -6200
Current Account to GDP (% of GDP) -5.40 -5.7
Government Budget (% of GDP) -5.80 -4.3
Corporate Tax Rate (%) 30.00 30
Personal Income Tax Rate (%) 30.00 30
Government Debt to GDP (% of GDP) 68.40 72

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Growth Rate (%) 0.94 1.4 1.7 3 1.7
GDP Annual Growth Rate (%) 4.70 5.2 6 5.7 6.2
GDP (USD Billion) 110.35 117
GDP Constant Prices (KES Million) 2390445.00 2608560 2642127 2526700 2538653
Gross Fixed Capital Formation (KES Million) 1881194.00 1997828
Full Year GDP Growth (%) 7.50 6.2
GDP from Agriculture (Million KES) 354111.00 486309 516463 374295 376066
GDP from Construction (Million KES) 148635.00 149707 148327 157107 157850
GDP from Manufacturing (KES Million) 203342.00 217558 217522 214932 215949
GDP from Mining (KES Million) 23048.00 33154 32461 24362 24477
GDP from Public Administration (KES Million) 147263.00 144992 161516 155657 156393
GDP from Services (KES Million) 66463.00 66704 69025 70251 70584
GDP from Transport (KES Million) 246460.00 235748 253785 260508 261741
GDP from Utilities (KES Million) 61969.00 60997 61391 65501 65811
GDP per Capita (USD) 1704.97 1600

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 6.60 7.3 7.6 7.4 7
Minimum Wages (KES/Month) 15120.00 15120

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 9.00 8.5 7 5.4 5
Consumer Price Index CPI (points) 129.29 130 133 134 135
Food Inflation (%) 12.80 13 10 8 7.3
Producer Prices (points) 127.76 129 135 136 135
Producer Prices Change (%) 15.78 8.5 7 6.4 6
Inflation Rate MoM (%) 0.20 0.6 0.4 0.3 0.4

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 8.75 8.75 9 9 9
Interbank Rate (%) 5.39 5.39 5.64 5.64 5.64
Money Supply M1 (KES Billion) 1901.98 1745 1810 1760 1750
Money Supply M2 (KES Billion) 3537.29 3200 3400 3460 3400
Money Supply M3 (KES Million) 4460185.00 4270000 4240000 4180000 4200000
Foreign Exchange Reserves (USD Million) 11407.70 12400 12700 13200 13000
Deposit Interest Rate (%) 6.69 6.94
Central Bank Balance Sheet (KES Million) 1411932.00 1380000 1405000 1365000 1360000

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Balance of Trade (Million KES) -120617.00 -117500 -151700 -111600 -138000
Current Account (USD Million) -5771.00 -6250 -5800 -6100 -6200
Current Account to GDP (% of GDP) -5.40 -5.7
Imports (million KES) 196866.00 185000 220000 178000 205000
Exports (Million KES) 76248.00 67500 68300 66400 67000
External Debt (KES Billion) 4462.89 4580 4530 4600 4600
Capital Flows (USD Million) -5248.80 -4500 -6200 -5800 -6000
Remittances (USD Thousand) 357298.68 325000 317000 320000 320000
Terms of Trade (points) 73.00 77
Tourist Arrivals 96784.00 81700 85000 87000 84000
Foreign Direct Investment (KES Million) 50801.00 53000

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Budget (% of GDP) -5.80 -4.3
Government Budget Value (KES million) -335477.00 -1880 -1620 -1150 -1350
Government Spending (KES Million) 1252253.00 1329893
Government Revenues (KES Billion) 897.11 1800 2100 2300 2300
Fiscal Expenditure (KES Billion) 1096.63 3680 3720 3450 3650
Government Debt (KES Billion) 8898.83 9100 9300 9500 9700
Government Debt to GDP (% of GDP) 68.40 72

Taxes Actual Q1/23 Q2/23 Q3/23 Q4/23
Corporate Tax Rate (%) 30.00 30
Personal Income Tax Rate (%) 30.00 30
Social Security Rate (%) 10.00 10
Social Security Rate For Companies (%) 5.00 5
Social Security Rate For Employees (%) 5.00 5

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Car Production (units) 1184.00 950 1200 1080 1050
Car Registrations (Units) 15263.00 28500 34000 40100 38000
Cement Production (Tonnes) 771866.00 855000 910000 890000 900000
Electricity Production (Gigawatt-hour) 1100.84 960 1100 1050
Manufacturing PMI (points) 51.60 51.3 50.7 52 52

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Consumer Spending (KES Million) 6840807.00 7264937
Bank Lending Rate (%) 12.39 12.39 12.64 12.64 12.64
Disposable Personal Income (KES Billion) 11208.30 11903
Gasoline Prices (USD/Liter) 1.42 1.53 1.59 1.65 1.72

Housing Actual Q1/23 Q2/23 Q3/23 Q4/23
Building Permits (KES Million) 8545.54 12800 14000 16000 14500