Kenya GDP Annual Growth Rate 2004-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Kenya expanded 5.80 percent in the second 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.

   
 
 

Kenya GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.80 4.40 11.80 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, October 31, 2014.


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.

Construction output accelerated 18.9 percent year-on-year, the highest gain since the first quarter of 2012 (19.9 percent). The manufacturing sector grew 9.1 percent, up from a revised 7.9 percent increase in the previous quarter and financial and insurance activities advanced 8.6 percent, slightly down from 8.3 percent in the January to March period.

Agricultural output grew 5.5 percent year-on-year, lower than a revised 5.9 percent increase in the first three months of 2014; mining and quarrying surged 12.1 percent (0.2 percent in Q1) and wholesale and retail trade advanced 6.8 percent (14 percent in Q1). Activities in the information and communication sector grew at a slower 6.4 percent, the lowest growth rate since the third quarter of 2012 (-13.2 percent).

The tourism sector has been severely affected due to Islamic attacks. The accommodation and restaurant sector was the only one showing a contraction (-18.6 percent).

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 4 percent in the second quarter of 2014, up from a revised 2.7 percent increase in the previous three months.

Kenya National Bureau of Statistics I Carolina Cunha I carolina.cunha@tradingeconomics.com
10/13/2014 3:17:38 PM


Recent Releases

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

Kenya 2013 GDP Growth Disappoints
Kenyan economy advanced 4.7 percent in 2013, slightly up from a 4.6 percent expansion in 2012, but less than the government’s projection of 5 percent, as drought hurt agriculture output. Published on 2014-04-29


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


Kenya GDP Last Previous Highest Lowest Unit
GDP 44.10 40.26 44.10 0.90 USD Billion [+]
GDP Growth Rate 4.00 2.70 4.00 -2.40 Percent [+]
GDP Annual Growth Rate 5.80 4.40 11.80 0.20 Percent [+]
GDP Constant Prices 431517.00 428664.00 431517.00 241627.00 KES Million [+]
GDP per capita 606.21 594.83 606.21 287.97 USD [+]
Gross Fixed Capital Formation 171213.60 165761.40 508453.00 637.00 KES Million [+]
GDP per capita PPP 2192.59 2151.44 2192.59 1792.43 USD [+]