GDP reading: Kenya’s GDP increased 5.3% on a year-on-year basis in Q1, following a 4.0% expansion in the previous quarter....
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 2013 to 2025.
Source: Macrobond.
Kenya GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 7.6 | 4.9 | 5.7 | 4.7 | 4.6 |
| GDP (USD bn) | 109.7 | 114.4 | 107.5 | 120.3 | 136.0 |
| GDP (KES bn) | 12,028 | 13,490 | 15,034 | 16,232 | 17,578 |
| Economic Growth (Nominal GDP, ann. var. %) | 12.2 | 12.2 | 11.4 | 8.0 | 8.3 |
Economic growth hits over one-year high in the first quarter of 2026
GDP reading: Kenya's GDP increased 5.3% on a year-on-year basis in Q1, following a 4.0% expansion in the previous quarter. Q1's reading was the strongest since Q4 2024. In seasonally adjusted quarter-on-quarter terms, GDP grew 1.3% in Q1, stable from the prior quarter's reading.
Drivers: Compared with the previous quarter's data, readings in Q1 improved for the agricultural sector (+4.9% in annual terms vs -1.3% in Q4) and the industrial sector (+5.4% vs +4.7% in Q4). Finally, the variation in the services sector was the same as in the prior quarter (+5.5% in Q1 and Q4).
Panelist insight: On the outlook, analysts at the EIU commented: “We expect real GDP growth to accelerate from 4.6% in 2025 to 5% in 2026, constrained initially by the impact of the US-Iran war on fuel prices and supplies, with momentum building thereafter. Average growth in 2027-30 will then pick up to 5.4% a year. Investment will be a major driver.”
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 18 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
-
Kenya: Economic growth hits over one-year high in the first quarter of 2026 -
Vietnam: Vietnam’s GDP growth surges in Q2 Economic growth overshoots estimates: Vietnam’s GDP grew 8.4% in annual terms in Q2, following upwardly revised 7.9% growth in the... -
Canada: Economy recovers in April GDP reading: GDP was up 0.5% on a seasonally adjusted month-on-month basis in April, following a 0.1% decline in the... -
Costa Rica: Economic growth eases in the first quarter of 2026 GDP growth slows to an over one-year low in Q1: Costa Rica’s GDP expanded 3.7% on a year-on-year basis in... -
Ecuador: Economic growth eases in Q1 GDP growth hits a five-quarter low: Ecuador’s GDP grew 2.1% in seasonally adjusted year-on-year terms in Q1, following 5.0% growth... -
Argentina: Economic growth decelerates in the first quarter of 2026 GDP reading: Argentina’s GDP expanded 0.7% in seasonally adjusted quarter-on-quarter terms in Q1, following 1.2% growth in the previous quarter.... -
New Zealand: Economic growth accelerates in the first quarter of 2026 GDP reading: New Zealand’s GDP increased 0.8% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.5% growth in the...