Kenya GDP Annual Growth Rate 2004-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Kenya expanded 5.50 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Kenya averaged 5.33 percent from 2004 until 2014, reaching an all time high of 11.80 percent in the fourth quarter of 2010 and a record low of 0.20 percent in the fourth quarter of 2008. GDP Annual Growth Rate in Kenya is reported by the Kenya National Bureau of Statistics.

      Forecast    
Kenya GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.70 11.60 0.20 2004 - 2014 percent Quarterly
In Kenya, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Kenya GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Kenya GDP Annual Growth Rate - was last refreshed on Thursday, March 5, 2015.


Kenya GDP Growth Slows Slightly


The Kenyan economy expanded 5.5 percent year-on-year in the third quarter of 2014 from a revised 5.7 percent increase in the previous period. Growth was mainly driven by finance and insurance activities, wholesale and retail trade and agriculture and forestry while the tourism sector shrank for the seventh consecutive quarter.

Agriculture grew 6.2 percent year-on-year in the three months to September, up from 4.5 percent in the previous period. The volume of tea produced increased by 6.4 percent to 90.9 thousand metric tons due to favorable rainfall. Coffee sales also increased significantly during the review quarter and notable improvements were recorded in the production of fruits and cut flowers.

Electricity and water supply increased 5.8 percent (1.2 percent in the second quarter); wholesale and retail trade grew 7.2 percent (slightly up from 7 percent in the second quarter); transportation went up 4 percent (from 2.2 percent) and financial and insurance activities advanced 9.9 percent (from 8.5 percent). 

Manufacturing slowed to 4.5 percent (8.4 percent in the second quarter) and mining production grew at a slower 2.8 percent (6.9 percent in the previous period). Construction expanded 11 percent (18.8 percent in the previous period). Accomodation and restaurant activities decreased 14.6 percent, marking the seventh consecutive quarter of contraction.

On a quarter on quarter seasonally adjusted basis, the GDP shrank 3.32 percent in the three months to September, following a revised 4.2 percent expansion in the previous period. 

Kenya National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
12/30/2014 4:22:44 PM


Recent Releases

Kenya GDP Growth Accelerates in Q2
In the second quarter of 2014, the Kenyan economy expanded 5.8 percent year-on-year, up from a revised 4.4 percent increase in the first three months of 2014 and boosted by construction, manufacturing and financial and insurance activities. In contrast, the restaurant and accommodation sector contracted for the sixth consecutive quarter. Published on 2014-10-13

Kenya GDP Expands 4.1% in Q1
The Kenyan economy advanced 4.1 percent year-on-year in the first three months of 2014, unchanged from a downwardly revised 4.1 percent growth rate in the previous quarter. Bad weather conditions and lower external demand hurt agriculture production, while activities in hotels and restaurants shrank 3 percent. In the same quarter of 2013, the economy grew at a faster 5.2 percent. Published on 2014-06-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-06-30 04:15 PM
GDP Growth Rate YoY  Q1
4.1% 4.1% (R) 3.85%
2015-06-30 04:15 PM
GDP Growth Rate YoY  Q1
5.04%


Kenya GDP Last Previous Highest Lowest Unit
GDP 55.24 50.33 55.24 0.79 USD Billion [+]
GDP Growth Rate -3.32 4.17 4.17 -3.32 percent [+]
GDP Annual Growth Rate 5.50 5.70 11.60 0.20 percent [+]
GDP Constant Prices 950252.00 982829.00 982829.00 241627.00 KES Million [+]
GDP per capita 632.36 614.30 632.36 155.69 USD [+]
Gross Fixed Capital Formation 171213.60 165761.40 508453.00 637.00 KES Million [+]
GDP per capita PPP 2705.32 2628.04 2705.32 2120.07 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.30 Nov/14 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.22 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.30 Nov/14 -0.40 10.30 -6.90 percent [+]
Japan -0.50 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.00 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 2.00 Nov/14 1.60 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 2.70 Nov/14 2.60 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]