Kenya's economy shrank 1.1% year-on-year in the third quarter of 2020, following a downwardly revised 5.5% plunge in the previous period. It marks the first country's recession in nearly two decades, as the adverse effects of containment measures to curb COVID-19 infections continued to be felt. Accommodation and food service activity which includes the all-important tourism sector remained severely affected (-57.9% vs -83.2% in Q2), followed by education (-41.9% vs -56.2%) and professional, administrative activities (-12.3% vs -15.3%). Meanwhile, strong growth was recorded in agriculture (6.3% vs 7.3%); construction (16.2% vs 3.9%); mining & quarrying (18.2% vs 10%) and information & communication (7.3% vs 4.6%). source: Kenya National Bureau of Statistics

GDP Annual Growth Rate in Kenya averaged 5.18 percent from 2004 until 2020, reaching an all time high of 11.60 percent in the fourth quarter of 2010 and a record low of -5.50 percent in the second quarter of 2020. This page provides the latest reported value for - Kenya GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

GDP Annual Growth Rate in Kenya is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kenya to stand at 5.20 in 12 months time. In the long-term, the Kenya GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Kenya GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -5.50 11.60 -5.50 2004 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-28 10:00 AM Q4 5.5% 5.2% 5.4%
2020-06-30 02:10 PM Q1 4.9% 5.5% 5.6%
2020-10-15 09:00 AM Q2 -5.7% 4.9% 1.2%
2021-01-28 05:00 AM Q3 -1.1% -5.5% -3.4%
2021-06-30 02:00 PM Q4 -1.1% 1% 0.9%
2021-06-30 02:00 PM Q1 1.5%
2021-10-15 09:00 AM Q2
2021-12-28 10:30 AM Q3


News Stream
Kenya Economy Slips into Recession in Q3
Kenya's economy shrank 1.1% year-on-year in the third quarter of 2020, following a downwardly revised 5.5% plunge in the previous period. It marks the first country's recession in nearly two decades, as the adverse effects of containment measures to curb COVID-19 infections continued to be felt. Accommodation and food service activity which includes the all-important tourism sector remained severely affected (-57.9% vs -83.2% in Q2), followed by education (-41.9% vs -56.2%) and professional, administrative activities (-12.3% vs -15.3%). Meanwhile, strong growth was recorded in agriculture (6.3% vs 7.3%); construction (16.2% vs 3.9%); mining & quarrying (18.2% vs 10%) and information & communication (7.3% vs 4.6%).
2021-01-28
Kenya GDP Contracts 5.7% YoY in Q2
Kenya's economy plunged 5.7% year-on-year in the second quarter of 2020, after growing 4.9% in the previous period. It was the first economic contraction since at least the first quarter of 2004, amid the Covid-19 pandemic and related containment measures that included restrictions on movements and closure of some businesses and learning institutions. The accommodation & food services sector was the most affected (-83.3% vs -9.3% in Q1), followed by education (-56.2% vs 5.3%); professional, administrative and support services (-15.7% vs 4.4%); wholesale and retail trade (-6.9% vs 6.4%) and manufacturing (-3.9% vs 2.9%). On a seasonally quarterly basis, the GDP contracted 9.1%, following a downwardly revised 0.8% growth in the previous period.
2020-10-15
Kenya GDP Growth Weakest in Almost 3 Years
Kenya's annual economic growth slowed to 4.9 percent in the first quarter of 2020 from 5.5 percent in the previous period. That was the slowest pace of expansion since the second quarter of 2017, as the uncertainty created by the coronavirus pandemic affected severely the country's tourism sector as reflected in accommodation & food services (-9.3 percent vs 9 percent in Q4). Meantime, slower growth was mainly observed in transportation & storage (6.2 percent vs 9.2 percent); finance & insurance (6 percent vs 6.6 percent) and real estate activities (4.3 percent vs 5.1 percent). In contrast, solid rises were recorded in information & communication (9.8 percent vs 9.4 percent); mining & quarrying (9.5 percent vs 0.3 percent) and agriculture (4.9 percent vs 4 percent). On a seasonally quarterly basis, the economy advanced 1.1 percent, following a downwardly revised 1.4 percent growth in the previous period.
2020-06-30

Kenya GDP Annual 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).