GDP per capita in Kenya

Kenya GDP per capita (USD) | Economic News & Forecasts

Kenya - GDP per capita (U.S. Dollars)

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.

FocusEconomics Consensus Forecast panelists see GDP growth at 5.5% in 2022, which is unchanged from last month’s estimate. Panelists forecast GDP growth to come in at 4.8% in 2023.

Kenya - GDP per capita (USD) Data

2015   2016   2017   2018   2019  
GDP per capita (USD)1,433  1,528  1,685  1,832  1,931  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Kenya Facts

Value Change Date
Bond Yield12.200.0 %Dec 31
Exchange Rate101.40.05 %Jan 01
Stock Market0.40.0 %Jan 07

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form