GDP in Kenya

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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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)6.1  4.6  5.7  5.3  -     

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Kenya GDP Chart

Kenya GDP
Note: GDP, annual variation in %.
Source: Kenya National Bureau of Statistics

Kenya Facts

Bond Yield14.020.11 %Feb 16
Exchange Rate103.70.09 %Feb 16
Stock Market1.60.0 %Feb 10

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