Kenya's economy expanded by 5.6% year-on-year in 2023, up from a revised 4.9% rise in the previous year. This marks the strongest growth rate in two years, driven by the vital agriculture sector and a thriving tourism industry. The country heavily depends on farming, which accounts for over a fifth of its annual economic output, and abundant rains following years of severe drought helped the sector to recover. Kenya’s tourism sector also experienced a significant boost in 2023, bouncing back from the pandemic’s impact. The country's appeal as a tourist destination, particularly known for its wildlife parks and stunning beaches, contributed to this resurgence.
Full Year GDP Growth in Kenya increased to 5.60 percent in 2023 from 4.90 percent in 2022. Full Year GDP Growth in Kenya averaged 4.86 percent from 2010 until 2023, reaching an all time high of 8.10 percent in 2010 and a record low of -0.30 percent in 2020. This page includes a chart with historical data for Kenya Full Year Gdp Growth. Kenya Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.
Full Year GDP Growth in Kenya increased to 5.60 percent in 2023 from 4.90 percent in 2022. Full Year GDP Growth in Kenya is expected to reach 5.00 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Full Year Gdp Growth is projected to trend around 5.20 percent in 2025 and 4.90 percent in 2026, according to our econometric models.