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

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Kenya GDP Annual Growth Rate
LIST BY COUNTRY

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 [+]
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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 | joana.taborda@tradingeconomics.com
12/24/2013 10:15:25 AM

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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.


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