Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 1973.58 1946 1919 1892 1865 1813
Currency 108.60 109 109 109 110 110
Government Bond 10y (%) 12.30 12.92 13.18 13.44 13.7 14.26

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 4.20 1 1.5 1 1.3 1.3
GDP Annual Growth Rate (%) -1.10 3 6.4 5.2 5.4 5
Unemployment Rate (%) 7.20 7.9 11.3 11.9 10 9.8
Inflation Rate (%) 6.44 6 5.4 5.2 5 5
Interest Rate (%) 7.00 6.5 6.5 6.5 6.25 6.25
Balance of Trade (Million KES) -102986.00 -116700 -86500 -86500 -112100 -115700
Current Account (USD Million) -5067.20 -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 -8.7 -8.7 -7.5 -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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 4.20 1 1.5 1 1.3 1.3
GDP Annual Growth Rate (%) -1.10 3 6.4 5.2 5.4 5
GDP (USD Billion) 98.84 100 100 107 107 107
GDP Constant Prices (KES Million) 1226025.00 1271144 1430412 1304491 1289778 1369715
Gross Fixed Capital Formation (KES Million) 900252.20 954267 1761801 957868 947065 1005762
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) 241335.00 327221 267420 256780 253884 269619
GDP From Construction (Million KES) 83989.00 77261 81452 89364 88356 93833
GDP From Manufacturing (KES Million) 116390.00 126728 136237 123839 122442 130031
GDP From Mining (KES Million) 15023.00 14043 15861 15984 15804 16784
GDP From Public Administration (KES Million) 52254.00 62828 52537 55598 54971 58378
GDP From Services (KES Million) 24418.00 24950 31628 25981 25688 27280
GDP From Transport (KES Million) 96705.00 82059 103788 102894 101734 108039
GDP From Utilities (KES Million) 34659.00 38245 37144 36877 36461 38721

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.20 7.9 11.3 11.9 10 9.8
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 (%) 6.44 6 5.4 5.2 5 5
Consumer Price Index CPI (points) 115.34 115 118 120 121 124
Food Inflation (%) 8.84 6.7 5.6 5.4 5.3 5.2
Inflation Rate Mom (%) 0.20 -0.1 0.4 0.2 0.3 0.3
Producer Prices (points) 102.07 103 130 104 103 105
Producer Prices Change (%) -0.19 1.4 1.6 1.3 0.7 1.3

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 7.00 6.5 6.5 6.5 6.25 6.25
Interbank Rate (%) 5.23 4.73 4.73 4.73 4.48 4.48
Money Supply M1 (KES Billion) 1726.77 1650 1620 1580 1550 1525
Money Supply M2 (KES Billion) 3294.17 3180 3230 3100 2900 2900
Money Supply M3 (KES Million) 4039609.05 4050000 3850000 3740000 3650000 3470000
Foreign Exchange Reserves (USD Million) 12903.70 13180 12750 12600 13000 13100
Deposit Interest Rate (%) 6.97 6.47 6.47 6.47 6.22 6.22

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (Million KES) -102986.00 -116700 -86500 -86500 -112100 -115700
Current Account (USD Million) -5067.20 -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) 161847.00 168500 172000 169400 170000 175000
Exports (Million KES) 58862.00 62000 60000 57300 59100 59300
External Debt (KES Billion) 3769.87 4350 4500 4080 4200 4300
Capital Flows (USD Million) -3650.00 -2900 -3300 -3500 -4000 -3800
Remittances (USD Thousand) 305901.72 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 47038.00 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 -8.7 -8.7 -7.5 -7.5 -7.5
Government Budget Value (KES million) -433592.60 -900 -465 -1200 -920 -1100
Government Spending (KES Million) 734790.80 778878 856642 781817 773000 820908
Government Revenues (KES Billion) 1446.73 1280 1300 970 950 1000
Military Expenditure (USD Million) 1097.00 940 940 940 940 960
Government Debt (KES Billion) 7339.71 7300 7500 7250 7600 7600
Fiscal Expenditure (KES Billion) 2032.41 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) 50.60 53.6 52 51.7 53 53
Electricity Production (Gigawatt-hour) 946.59 980 1020 980 960 1000
Car Production 561.00 650 630 660 720 750
Car Registrations 18822.00 27500 30000 27400 28500 31000
Cement Production (Tonnes) 612980.00 630000 645000 665000 680000 710000

Consumer Actual Q3 Q4 Q1 Q2 2022
Bank Lending Rate (%) 12.06 11.56 11.56 11.56 11.31 11.31
Gasoline Prices (USD/Liter) 1.06 1.01 0.96 0.91 0.86 0.82
Disposable Personal Income (KES Billion) 8591.30 9107 8595 9141 9038 9598

Housing Actual Q3 Q4 Q1 Q2 2022
Building Permits (KSH Million) 9628.10 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.