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

The Gross Domestic Product (GDP) in Kenya expanded 5.10 percent in the fourth 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 11.60 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
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Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.40 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 Friday, May 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-06-30 04:15 PM Q1 4.1% 4.1% (R) 3.85%
2015-04-29 12:00 PM 2014 5.3% 5.7%
2015-06-30 04:15 PM Q1 5.1% 5.04%


Kenyan Economy Slows in Q4 2014


Kenya’s GDP expanded 5.1 percent year-on-year in the last three months of 2014, down from a revised 5.4 percent increase in the previous quarter, due to lower agricultural production.

Farm output grew at a slower 3.8 percent, following a 6.8 percent rise in the third quarter. 

Considering full 2014, the economy expanded 5.3 percent, down from 5.7 percent in 2013. Growth was supported by increased public and private consumption, exports of goods and services and low oil prices. However, agricultural production slowed to 3.5 percent from 5.2 percent in the previous year and tourism activities decreased 7.3 percent. Yet, the number of visitors shrank 11 percent due to security concerns.

For 2015, the government expects the economy to expand 6.9 percent, boosted by lower oil prices and higher geothermal production.

Joana Taborda | joana.taborda@tradingeconomics.com
4/29/2015 2:10:57 PM


Recent Releases

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. Published on 2014-12-30

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 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 5.10 5.40 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 -1.60 Feb/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Feb/15 2.63 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Feb/15 0.90 5.00 -5.60 percent [+]
France 0.70 Feb/15 0.00 12.50 -3.92 percent [+]
Germany 1.10 Feb/15 1.60 5.20 -6.80 percent [+]
India 7.50 Feb/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Feb/15 -0.50 10.30 -6.90 percent [+]
Japan -1.40 Feb/15 -0.90 9.40 -9.40 percent [+]
Mexico 2.50 Feb/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.40 Feb/15 1.40 5.80 -4.40 percent [+]
Russia -1.90 Feb/15 0.40 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.70 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.10 Feb/15 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 2.70 Feb/15 2.40 13.40 -4.10 percent [+]