Near 20-year high interest rates take a toll on GDP growth: As projected by our Consensus, sequential GDP growth lost...
Economic Growth in Kenya
Kenya's economy recorded an average growth rate of 4.7% in the decade to 2024, compared to the 3.7% average for Sub-Saharan Africa. In 2024, real GDP growth was 4.7%. For more GDP information, visit our dedicated page.
Kenya GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Kenya from 2024 to 2023.
Source: Macrobond.
Kenya GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | -0.3 | 7.6 | 4.9 | 5.7 | 4.7 |
| GDP (USD bn) | 100.6 | 109.7 | 114.4 | 107.4 | 120.2 |
| GDP (KES bn) | 10,715 | 12,028 | 13,490 | 15,034 | 16,224 |
| Economic Growth (Nominal GDP, ann. var. %) | 4.7 | 12.2 | 12.2 | 11.4 | 7.9 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kenyan GDP projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Kenyan GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kenyan GDP projections.
Want to get access to the full dataset of Kenyan GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
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Canada: Economy records sharpest contraction since Q2 2020 in Q2 GDP reading: GDP contracted 1.6% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 2.0% expansion... -
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India: GDP growth records bumper reading in April–June GDP reading: Annual GDP growth accelerated for the third consecutive quarter to 7.8% in April–June, up from 7.4% in the... -
Czech Republic: GDP growth decelerates but remains solid in Q2 GDP growth revised upward: GDP growth declined to 0.5% on a seasonally and calendar-adjusted quarter-on-quarter basis in the second quarter...