The skyline in Kenya

Kenya GDP Q2 2022

Kenya: Economy expands at slower rate in Q2 2022

Economic growth continued to lose steam in the second quarter of 2022, with GDP expanding a milder 5.2% year on year. The result came in below the 6.8% increase recorded in the prior quarter and was the softest since Q1 2021. Underlying momentum also moderated in Q2, as GDP clocked a 0.8% expansion in sequential terms, marginally down from the first quarter’s 1.0% seasonally adjusted quarter-on-quarter growth.

The slowdown in annual growth was partially due to an unfavorable base effect, as the economy grew 11.0% in Q2 2021. The mining and quarrying sector posted 33.5% growth in April–June, which was a marked slowdown from the 77.7% expansion recorded in the prior three months. Growth in the accommodation and restaurants sector also more than halved in the second quarter, to 22.0% (Q1: +56.2% yoy). Construction sector growth also moderated during the quarter (Q2: +5.8% yoy; Q1: +6.4% yoy), as did the transport and storage sector (Q2: +7.1% yoy; Q1: +7.8% yoy). Manufacturing activity growth softened to 3.6% in Q2, down marginally from the prior quarter’s 3.7% increase. Meanwhile, the all-important agricultural sector contracted at a sharper 2.2% annually in Q2 (Q1: -0.7% yoy), chiefly due to a severe drought.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen