Kenya GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Kenya expanded 4.10 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Kenya averaged 4.78 Percent from 2004 until 2014, reaching an all time high of 8.40 Percent in the third quarter of 2005 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.

   
 
  LIST  
 EXPORT DATA  API

Kenya GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.10 8.40 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.


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.

Agriculture and forestry grew 2.7 percent year-on-year in the first quarter of 2014 compared to a growth of 6.8 percent over a similar period in 2013. Tea production decreased by 4.4 percent compared with a growth of 61.8 percent a year earlier. On the other hand, output of coffee and sugarcane recorded significant growths though their combined effect could not offset the poor performance of other crops. Quantities of exports of cut flowers and vegetables declined, while that of fruits rose significantly. International auction prices of coffee and tea decreased compared to the same quarter in 2013.

The manufacturing sector grew 5.0 percent, compared to a 2.5 percent growth rate during the first quarter of 2013. The expansion was mainly driven by a 6.2 percent increase in non-food manufacturing, mainly production of cement and assembly of motor vehicles. 

Mining and quarrying increased 9.9 percent; wholesale and retail trade advanced 8.5 percent and electricity and water production rose 4.4 percent. 

Construction grew at a slower rate of 4.9 percent while activities in restaurants and hotels shrank 3 percent, due to insecurity concerns coupled with negative travel advisories by some key tourist source countries. 

On a quarter-on-quarter seasonally adjusted basis, the economy rose 0.7 percent in the first quarter of 2014, down from a 0.9 percent expansion in the previous three months. 

Kenya National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
6/30/2014 6:47:35 PM


Recent Releases

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

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. Published on 2013-12-24


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%


GDP Last Previous Highest Lowest Unit
GDP 44.10 40.26 44.10 0.90 USD Billion [+]
GDP Growth Rate 0.70 0.90 3.50 -2.40 Percent [+]
GDP Annual Growth Rate 4.10 4.10 8.40 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 1517.33 1494.59 1517.33 1268.19 USD [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News