Kenya GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Kenya expanded 4.40 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Kenya is reported by the Kenya National Bureau of Statistics. From 2004 until 2013, Kenya GDP Annual Growth Rate averaged 4.8 Percent reaching an all time high of 8.4 Percent in September of 2005 and a record low of 0.2 Percent in December of 2008. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.40 4.30 8.40 0.20 4.29 | 2014/06 2004 - 2013 Percent Quarterly


Kenya GDP Annual Growth Rate

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 592.92 2012-12-31 584.04 592.92 287.97 607.85 2014-06-30 USD [+]
GDP per capita PPP 1517.33 2012-12-31 1494.59 1517.33 1268.19 1555.53 2014-06-30 USD [+]
GDP 37.23 2012-12-31 33.62 37.23 0.90 42.24 2014-06-30 USD Billion [+]
GDP Constant Prices 423209.00 2013-08-15 416663.00 423209.00 241627.00 434680.42 2014-06-30 KES Million [+]
GDP Growth Rate 1.60 2013-09-30 0.80 3.50 -2.40 1.03 2014-06-30 Percent [+]
GDP Annual Growth Rate 4.40 2013-09-30 4.30 8.40 0.20 4.29 2014-06-30 Percent [+]
Gross Fixed Capital Formation 171213.60 2012-06-30 165761.40 508453.00 637.00 182118.00 2014-06-30 KES Million [+]

Kenya GDP Expands 4.4% YoY in Q3

In the third quarter of 2013, Kenyan economy advanced 4.4 percent over the previous year, slightly up from 4.3 percent in the June quarter, but down from 4.5 percent a year ago, mainly due to a slowdown in the agriculture and forestry sector.

The agriculture and forestry sector expanded by 3.4 percent compared to 5.8 percent a year ago. Growth was mainly supported by higher production of tea, vegetables and sugar cane. Coffee production declined by 15.9 percent while tea delivered to marketing boards and sugar cane production increased by 13.8 percent and 42.5 percent, respectively.

Exports of vegetables rose by 20.1 percent boosted by favourable weather conditions. However, there were declines in the export of fruits and cut flowers by 32.0 percent and 4.4 percent, respectively.

Manufacturing  grew 4.6 percent compared to 2.6 percent recorded in a similar period of 2012. The expansion was mainly supported by higher manufacture of cement, sugar, soft drinks, wheat flour, cigarettes and assembly of motor vehicles. On the other hand, processing of milk, beer and maize meal recorded declines thereby constraining the sector from realizing its potential.

Transport and Communication grew by 5.3 percent compared to a 3.1 percent growth during the same quarter of 2012 and financial intermediation expanded by 7.2 percent compared to an expansion of 6.5 percent a year ago. Construction recorded a significant growth of 13.3 percent compared to a marginal growth of 0.2 percent over the third quarter of 2012, mainly due to higher production and consumption of cement.

Quarter-on-quarter, the economy expanded a seasonally adjusted 1.6 percent, up from 0.8 percent in the previous three-month period, boosted by financial intermediation activities and the transport and communication sector.

Joana Taborda |
12/24/2013 10:15:25 AM


Kenyan GDP Growth Slows to 4.3% YoY In Q2
During the second quarter of 2013, Kenya's economy grew at 4.3 percent, lower than first quarter’s 5.2 percent. While electricity, water and financial intermediation activities rebound, there was a significant contraction in hotels and restaurants. Published on 2013-10-02

Kenyan Economy Expands by 5.2% YoY in Q1
In the first quarter of 2013, Kenyan GDP increased 5.2 percent year-on-year, up from 5.1 percent in the previous quarter and 3.9 percent in the first three months of 2012. While better weather conditions supported agricultural sector, wait-and-see attitude adopted by producers and consumers due to elections, led to lower growth in manufacturing, hotels and restaurants and financial intermediation. Published on 2013-06-28

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Kenyan Trade Deficit Widens to Second Highest in Nearly 2-1/2 Years  
Trade deficit in Kenya increased in January of 2014 to KES 87.1 billion from KES 83.7 billion a year earlier and KES 78.7 billion in December of 2013.
Kenya Inflation Rate Edges Down to 6.27% in March  
Kenyan annual inflation rate decelerated for the second consecutive month to 6.27 percent, from 6.86 percent recorded in February of 2014, as food, electricity and gas prices slowed.
Kenya Monetary Policy Unchanged in March  
Kenyan Monetary Policy Committee decided to hold the central bank rate at 8.50 percent on March 4th, as overall inflation continued to decline in February and remained within the target range, while exchange rate stability was maintained.
Kenya Inflation Rate Falls to 6.86% in February  
Kenyan annual inflation rate decreased to 6.86 percent in February, slowing from 7.21 percent in the previous month, as Food and Transport prices rose at a slower pace.
Kenya Trade Deficit Widens in December  
In the last month of 2013, Kenya’s trade deficit increased to KES 78.67 billion, from KES 71.7 billion in the previous month and KES 76.9 billion a year earlier.
Kenya Trade Deficit Narrows in November  
In November of 2013, Kenyan trade deficit decreased to KES 71.73 billion, down from KES 92.9 billion in the previous month and KES 83.8 billion in the same month last year, boosted by higher tea sales.
Kenya Inflation Rate Rises to 7.2% in January  
In January of 2014, Kenyan annual inflation rate increased to 7.2 percent, slightly up from 7.15 percent registered in December of 2013.
Kenya Leaves Rate on Hold at 8.5%  
At is January 14th meeting, Central Bank of Kenya decided to leave the benchmark interest rate on hold at 8.5 percent, as the current monetary policy stance is considered to deliver the desired objective of price stability. The Committee also said there was room for commercial banks to reduce the lending rates.
Kenya GDP Expands 4.4% YoY in Q3  
In the third quarter of 2013, Kenyan economy advanced 4.4 percent over the previous year, slightly up from 4.3 percent in the June quarter, but down from 4.5 percent a year ago, mainly due to a slowdown in the agriculture and forestry sector.
Kenyan Trade Deficit Rises in September Over a Year Earlier  
In September of 2013, Kenyan trade deficit widened 8.2 percent over a year earlier to 71 billion KES, as lower prices of tea and coffee heat exports. On a monthly basis, the trade deficit decreased 9.9 percent, due to a fall in imports.


Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

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