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||4.6||5.7||5.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Kenya GDP Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||14.02||0.11 %||Feb 16|
|Exchange Rate||103.7||0.09 %||Feb 16|
|Stock Market||1.6||0.0 %||Feb 10|
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February 3, 2017
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and CfC Stanbic Bank, decreased from 54.1 in December to 52.0 in January.
January 31, 2017
In January, consumer prices rose 1.00% compared the previous month, coming in above the 0.77% increase observed in December.
January 19, 2017
In December, consumer prices in Kenya rose 0.77% compared the previous month, coming in above the 0.71% increase observed in November.
January 19, 2017
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and CfC Stanbic Bank, increased from 53.3 in November to 54.1 in December.
December 7, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and CfC Stanbic Bank, increased from 52.0 in October to 53.3 in November.