GDP in Kenya
Kenya - GDP
Kenyan economy speeds up in Q2
In the second quarter of 2016, GDP increased 6.2% in annual terms, accelerating from Q1’s 5.9% annual expansion and marking the fasted pace of growth in nearly four years. Compared to the previous quarter, GDP grew a seasonally-adjusted 1.8% in Q2 (Q1: +0.2% quarter-on-quarter).
Looking at the details, Q2’s expansion was supported by broad-based increases in all sectors of the economy. The main anchors of growth were the key agricultural sector—which picked up from 5.1% growth in Q1 to a 5.5% increase in Q2—forestry and fishing, transportation and storage, real estate, and wholesale and retail trade. The sectors that accelerated most, logging double-digit expansions, were mining and quarrying, accommodation and restaurants, and electricity and water supply. In addition, solid growth rates of more than 8.0% were recorded for construction, transport, information and communication, and real estate.
FocusEconomics Consensus Forecast panelists see GDP expanding 6.0% in 2016, which is up 0.1 percentage points from last month’s projection. For 2017, our panelists project growth of 5.9%.
Kenya - GDP Data
|Economic Growth (GDP, annual variation in %)||6.1||4.5||5.8||5.3||5.6|
5 years of economic forecasts for more than 30 economic indicators.
Kenya GDP Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||13.44||0.0 %||May 10|
|Exchange Rate||103.4||0.19 %||May 10|
|Stock Market||0.2||0.0 %||May 10|
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May 4, 2017
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and CfC Stanbic Bank, swung from March’s record-low of 48.5 to 50.3 in April.
April 28, 2017
Consumer prices rose 1.8% in April compared to the previous month, coming in above the 1.7% increase observed in March.
April 20, 2017
In March, consumer prices grew 1.67% compared the previous month, coming in below the 1.72% increase observed in February.
April 5, 2017
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and CfC Stanbic Bank, fell from 50.1 in February to a record low of 48.5 in March.
February 28, 2017
In February, consumer prices jumped 1.67% compared the previous month, coming in above the 1.00% increase observed in January.