Kenya GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

5.1

Units In

3.8

Frequency

Quarterly

Next Release

Jul 03, 2025

Time to Release

1 Months 25 Days 9 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

Kenya’s economy expanded by 5.1% year-on-year in Q4 2024, the fastest pace in a year, following an upwardly revised 4.2% growth in the previous quarter. Agriculture, which accounts for over one-fifth of GDP, grew by 4.3%, slightly up from 4% previously. Noteworthy gains were seen in accommodation and food services (+10.9%), public administration (+9.2%), wholesale and retail trade (+6.4%), transportation and storage (+5.6%), information and communication (+5.6%), and finance and insurance (+6%).On a seasonally adjusted quarterly basis, the GDP rose by 1.8% in Q4, the most in eight quarters, after an upwardly revised 1.2% increase in the prior quarter. The 2024 GDP growth came in at 4.7%, the slowest pace since 2020, down from a revised 5.7% in 2023, amid disruptions from political unrest and flood-related damage to both infrastructure and agriculture.