Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 1744.37 1726 1705 1684 1664 1624
Currency 116.25 116 116 116 116 116
Government Bond 10y (%) 13.56 13.42 13.68 13.94 14.22 14.78

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.99 1.7 2.1 1.8 2 1.7
GDP Annual Growth Rate (%) 7.40 6.2 5.8 6 5.3 5.6
Unemployment Rate (%) 6.60 7 7.4 7.5 7.3 8
Inflation Rate (%) 6.47 7 5.4 4.6 4.3 4
Interest Rate (%) 7.00 7 8 8 8 8
Balance of Trade (Million KES) -133864.00 -122000 -141000 -132200 -157000 -162000
Current Account (USD Million) -6239.30 -4400 -4700 -4600 -4600 -5700
Current Account to GDP (% of GDP) -5.40 -5.9 -5.9 -5.9 -5.7 -5.7
Government Debt to GDP (% of GDP) 68.40 70 70 70 72 72
Government Budget (% of GDP) -8.10 -6.5 -6.5 -6.5 -5.6 -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 2023
GDP Growth Rate (%) 2.99 1.7 2.1 1.8 2 1.7
GDP Annual Growth Rate (%) 7.40 6.2 5.8 6 5.3 5.6
GDP (USD Billion) 98.84 107 107 107 107 110
GDP Constant Prices (KES Million) 2415426.00 2516595 2416144 2560352 2543444 2703731
Gross Fixed Capital Formation (KES Million) 2079760.10 2208705 2200386 2204546 2189987 2328000
GDP per capita (USD) 1475.19 1550 1550 1550 1550 1600
GDP per capita PPP (USD) 4220.44 4320 4320 4450 4450 4450
GDP From Agriculture (Million KES) 387264.00 524867 376827 410500 407789 433488
GDP From Construction (Million KES) 143546.00 140427 150806 152159 151154 160680
GDP From Manufacturing (KES Million) 210910.00 210435 210009 223565 222088 236084
GDP From Mining (KES Million) 29805.00 26532 24943 31593 31385 33363
GDP From Public Administration (KES Million) 145087.00 155321 149932 153792 152777 162405
GDP From Services (KES Million) 65967.00 60501 63718 69925 69463 73841
GDP From Transport (KES Million) 225732.00 235274 246237 239276 237696 252675
GDP From Utilities (KES Million) 59184.00 57333 61138 62735 62321 66248

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 6.60 7 7.4 7.5 7.3 8
Population (Million) 53.70 51.4 51.4 52.6 52.6 52.6
Minimum Wages (KES/Month) 13572.00 14900 14900 14900 14900 14900

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 6.47 7 5.4 4.6 4.3 4
Consumer Price Index CPI (points) 122.17 123 122 124 125 129
Food Inflation (%) 12.15 14 12 9.5 7.5 6
Producer Prices (points) 113.70 115 116 116 118 122
Producer Prices Change (%) 10.64 7 5.5 4 3.7 3
Inflation Rate Mom (%) 1.69 0.5 0.4 0.3 0.3 0.3

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 7.00 7 8 8 8 8
Interbank Rate (%) 4.72 4.72 5.72 5.72 5.72 5.72
Money Supply M1 (KES Billion) 1796.33 1850 1845 1820 1745 1800
Money Supply M2 (KES Billion) 3410.16 3400 3500 3200 3180 3150
Money Supply M3 (KES Million) 4221242.78 4250000 4280000 4260000 4260000 4050000
Foreign Exchange Reserves (USD Million) 13079.40 14000 13800 14100 14080 14200
Deposit Interest Rate (%) 6.97 6.97 6.97 7.97 7.97 7.97
Central Bank Balance Sheet (KES Million) 1471985.56 1420000 1405000 1425000 1425000 1300000

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (Million KES) -133864.00 -122000 -141000 -132200 -157000 -162000
Current Account (USD Million) -6239.30 -4400 -4700 -4600 -4600 -5700
Current Account to GDP (% of GDP) -5.40 -5.9 -5.9 -5.9 -5.7 -5.7
Imports (million KES) 194273.00 185000 205000 195000 220000 225000
Exports (Million KES) 60408.00 63000 64000 62800 63000 63000
External Debt (KES Billion) 4174.37 4600 4780 4800 4800 5300
Capital Flows (USD Million) -6555.70 -3500 -4000 -3800 -3800 -4500
Remittances (USD Thousand) 363581.66 280000 310000 340000 315000 330000
Gold Reserves (Tonnes) 0.02 0 0 0 0 0
Foreign Direct Investment (KES Million) 55787.00 95000 95000 95000 95000 130000
Terms Of Trade (points) 76.30 78 78 87 87 76
Tourist Arrivals 90504.00 73000 70500 68700 70200 74000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 68.40 70 70 70 72 72
Government Budget (% of GDP) -8.10 -6.5 -6.5 -6.5 -5.6 -5
Government Budget Value (KES million) -26357.00 120 -100 -690 -600 -700
Government Spending (KES Million) 1214499.10 1289798 1284940 1287369 1278868 1359462
Government Revenues (KES Billion) 1335.83 1300 890 1100 1100 1300
Government Debt (KES Billion) 8206.74 8550 8700 8800 8900 9200
Fiscal Expenditure (KES Billion) 1769.42 1400 1580 1700 1700 2000
Military Expenditure (USD Million) 1097.00 940 940 960 960 960

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Manufacturing PMI (points) 49.50 52.3 51.5 52 53 52
Car Production 1198.00 720 780 750 670 800
Car Registrations 23869.00 28500 29100 29500 29500 32000
Cement Production (Tonnes) 855393.00 830000 850000 870000 855000 850000
Electricity Production (Gigawatt-hour) 1056.87 1045 1060 1100 1050 1200

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Spending (KES Million) 6406639.50 6803851 6778225 6791038 6746191 7171336
Bank Lending Rate (%) 12.17 12.17 13.17 13.17 13.17 13.17
Gasoline Prices (USD/Liter) 1.13 1.17 1.21 1.25 1.3 1.3
Disposable Personal Income (KES Billion) 9604.30 10200 10161 10181 10113 10751

Housing Actual Q2 Q3 Q4 Q1 2023
Building Permits (KES Million) 11844.36 12000 13200 13700 12800 14000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Kenya Forecast - was last updated on Tuesday, May 17, 2022.