Kenya GDP Growth Rate

The Gross Domestic Product (GDP) in Kenya expanded 1 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Kenya averaged 1.21 percent from 2005 until 2024, reaching an all time high of 5.32 percent in the fourth quarter of 2020 and a record low of -6.22 percent in the second quarter of 2020. source: Kenya National Bureau of Statistics

GDP Growth Rate in Kenya is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya GDP Growth Rate is projected to trend around 1.00 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	4.00	4.60	percent	Sep 2024
GDP Constant Prices	2631444.00	2731885.00	KES Million	Sep 2024
GDP from Agriculture	380925.00	539507.00	KES Million	Sep 2024
GDP from Construction	150260.00	139226.00	KES Million	Sep 2024
GDP from Manufacturing	213709.00	215445.00	KES Million	Sep 2024
GDP from Mining	24533.00	25857.00	KES Million	Sep 2024
GDP from Public Administration	163491.00	166176.00	KES Million	Sep 2024
GDP from Services	80172.00	74988.00	KES Million	Sep 2024
GDP from Transport	274257.00	257096.00	KES Million	Sep 2024
GDP from Utilities	66316.00	60868.00	KES Million	Sep 2024
GDP Growth Rate	1.00	0.90	percent	Sep 2024
Gross Fixed Capital Formation	1897011.00	1861373.00	KES Million	Dec 2023

Kenya is one the most developed countries in East Africa. Agriculture, Forestry and Fishing (including coffee and tea cultivation) is the largest sector of the economy and accounts for about 22 percent. Manufacturing is the second largest sector and represents around 11 percent of the GDP. Other major sectors include: Real Estate (about 8 percent of total GDP), Wholesales and Retail Trade (around 7 percent), Transport and Storage (around 7 percent) , Education (about 7 percent), Financial and Insurance Activity (around 6 percent) and Construction (around 5 percent). Remaining part of GDP is mostly allocated to Information and Communication; Public Administration and Defense; Human Health and Social Work Activities; Electricity Supply; Administrative and Support Service Activities.