Kenya GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

5.1

Units In

3.8

Frequency

Quarterly

Next Release

Dec 30, 2024

Time to Release

2 Months 26 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
10.1 Jun 2021	-4.7 Jun 2020	4.78 %	2004-2023	Kenya National Bureau of Statistics

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).

Latest Updates

The economy of Kenya expanded by 4.6% over a year ago in Q2 2024, following a 5% rise in the previous three-month period, marking the slowest growth rate since the end of 2022. Protests across the country in response to proposed tax increases this quarter resulted in violence in major cities and disruptions to various activities. The agricultural sector, which is the backbone of the economy, grew at a slower 4.8% in Q2, down from 6.1% in the previous three-month period, despite an increase in the production of sugarcane, milk, and fruit exports. Output also increased less in other activities, including accommodation & food services (26.6% vs 28%); professional, administrative & support (6.8% vs 9.9%); information & communication (7.2% vs 7.8%); real estate (6% vs 6.6%); finance & insurance (5.1% vs 7%); wholesale & retail trade (4.4% vs 4.9%) and transportation & storage (3.6% vs 3.9%). In the meantime, construction and mining contracted by 2.9% and 2.7%, respectively.