The Gross Domestic Product (GDP) in Kenya expanded 3.49 percent in the fourth quarter of 2020 over the previous quarter. source: Kenya National Bureau of Statistics

GDP Growth Rate in Kenya averaged 1.18 percent from 2005 until 2020, reaching an all time high of 3.49 percent in the fourth quarter of 2020 and a record low of -6.34 percent in the second quarter of 2020. This page provides the latest reported value for - Kenya GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya GDP Growth Rate - values, historical data and charts - was last updated on October of 2021.

GDP Growth Rate in Kenya is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya GDP Growth Rate is projected to trend around 1.80 percent in 2022 and 1.60 percent in 2023, according to our econometric models.

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Kenya GDP Growth Rate

Kenya Last Unit Reference Previous Highest Lowest
GDP Growth Rate 3.49 percent Dec/20 2.85 3.49 -6.34
GDP Annual Growth Rate 1.20 percent Dec/20 -2.10 8.70 -4.70
GDP Constant Prices 2219852.00 KES Million Dec/20 2112883.00 2261903.00 1325092.00
Gross Fixed Capital Formation 900252.20 KES Million Dec/19 879105.90 976086.00 637.00
GDP From Utilities 56910.00 KES Million Dec/20 55299.00 56910.00 35149.00
GDP From Transport 212075.00 KES Million Dec/20 205923.00 229169.00 122379.00
GDP From Services 60838.00 KES Million Dec/20 53054.00 69232.00 42708.00
GDP From Public Administration 139744.00 KES Million Dec/20 134786.00 139744.00 77675.00
GDP From Mining 22835.00 KES Million Dec/20 20539.00 28352.00 9316.00
GDP From Manufacturing 200065.00 KES Million Dec/20 180704.00 200065.00 126473.00
GDP From Construction 134584.00 Million KES Dec/20 133732.00 134584.00 49505.00
GDP From Agriculture 378079.00 Million KES Dec/20 384826.00 482068.00 267871.00

Kenya GDP 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). Remaining part of GDP is mostly allocated to Information and Communication; Public Administration and Defense; Human Health and Social Work Activities; Electricity Supply; Administrative and Support Service Activities.