Kenya GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

5.1

Units In

3.8

Frequency

Quarterly

Next Release

May 20, 2025

Time to Release

4 Months 9 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
10.1 Jun 2021	-4.7 Jun 2020	4.78 %	2004-2023	Kenya National Bureau of Statistics

Kenya is one the most developed countries in East Africa. Agriculture, Forestry and Fishing (including coffee and tea cultivation) is the largest sector of the economy and accounts for about 22 percent. Manufacturing is the second largest sector and represents around 11 percent of the GDP. Other major sectors include: Real Estate (about 8 percent of total GDP), Wholesales and Retail Trade (around 7 percent), Transport and Storage (around 7 percent) , Education (about 7 percent), Financial and Insurance Activity (around 6 percent) and Construction (around 5 percent).

Latest Updates

The economy of Kenya advanced by 4% over a year ago in Q3 2024, following a 4.6% rise in the previous three-month period, marking the slowest growth rate since Q1 2021. This was due to a general slowdown across the various sectors of the economy. Agriculture, contributing over a fifth of GDP, rose by 4.2%, decelerating from 4.8% in the previous period, driven by sugarcane and milk production, which offset a 12.2% decline in tea production. Other economic activities that recorded slower growth were manufacturing, accommodation services, utilities, ICT, professional and administration services, financial and insurance services, and real estate. Additionally, output contracted for mining & quarrying (-11.1% vs -2.7%) and construction (-2% vs -2.9%).