GDP per capita in Kenya
Kenya - GDP per capita (U.S. Dollars)
Economy expands at softer pace in Q1 2022
The economy lost more steam in the first quarter of 2022, with GDP expanding 6.8% year on year. The result came below the 7.4% increase logged in the prior quarter, and was the softest expansion in a year. Moreover, underlying momentum also moderated in the first three months of the year, as GDP expanded a milder 1.2% in sequential terms (Q4 2021: +3.0% s.a. qoq).
The annual slowdown was largely due to growth in the accommodation and restaurants sector more than halving in the first quarter (Q1: +56.2% yoy; Q4: +118.6% yoy). Moreover, mining and quarrying posted 22.1% annual growth in the first three months of the year, which came in below the prior period’s 34.5% expansion. Additionally, manufacturing activity softened in the quarter (Q1: +3.7% yoy; Q4 +.4.9% yoy). These decelerations more than offset brisker growth in the construction sector (Q1: +6.4% yoy; Q4: +6.0% yoy) and in the transport and storage sector (Q1: +8.1% yoy; Q4: +6.5% yoy). Lastly, the all-important agricultural sector declined a softer pace of 0.7% in annual terms in Q1 (Q4 2021: -1.2% yoy).
FocusEconomics Consensus Forecast panelists see GDP growth at 5.2% in 2022, which is down 0.1 percentage points from last month’s estimate. Panelists forecast GDP growth to come in at 5.1% in 2023.
Kenya - GDP per capita (USD) Data
|GDP per capita (USD)||1,433||1,528||1,685||1,832||1,931|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||12.20||0.0 %||Dec 31|
|Exchange Rate||101.4||0.05 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
Get a sample report showing our regional, country and commodities data and analysis.
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.
July 29, 2022
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase.
July 27, 2022
At its 27 July meeting, the Monetary Policy Committee (MPC) of the Central Bank of Kenya kept its Central Bank Rate on hold at 7.50%, after May’s 50 basis points hike.
July 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) declined to 46.8 in June, below May’s 48.2 and marking a 14-month low.
July 1, 2022
The economy lost more steam in the first quarter of 2022, with GDP expanding 6.8% year on year.
June 30, 2022
Consumer prices rose a seasonally-adjusted 0.89% in June over the previous month, picking up from May's 0.78% rise.