The Gross Domestic Product (GDP) in Kenya was worth 124.50 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Kenya represents 0.12 percent of the world economy. This dataset provides - Kenya GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Kenya expanded 5.10 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Kenya GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) in current prices in Kenya was estimated at about 120.90 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 107.45 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 40.86 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Kenya expanded 1.80 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides the latest reported value for - Kenya GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Kenya's Gross Domestic Product (GDP) grew by 4.6 percent in the second quarter of 2024. Among sectors, accommodation and food services had the strongest performance, with quarterly growth of 26.6 percent. Financial and insurance sectors followed, registering a 5.1 percent growth rate. On the other hand, the construction sector had a negative growth rate of -2.9 percent.

In 2024, the growth of the real gross domestic product (GDP) in Kenya was estimated at about 4.51 percent. Between 1980 and 2024, the figure dropped by approximately 1.06 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 0.52 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about Kenya Nominal GDP Growth

• Kenya Nominal GDP Growth was reported at 8.271 % in Sep 2024.
• This records an increase from the previous number of 6.936 % for Jun 2024.
• Kenya Nominal GDP Growth data is updated quarterly, averaging 12.706 % from Mar 2010 to Sep 2024, with 59 observations.
• The data reached an all-time high of 27.255 % in Dec 2016 and a record low of -1.007 % in Sep 2020.
• Kenya Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Kenya National Bureau of Statistics provides Nominal GDP in local currency.

GDP, billion currency units in Kenya, September, 2024 The most recent value is 3974.81 billion Kenyan Shilling as of Q3 2024, a decline compared to the previous value of 4109.19 billion Kenyan Shilling. Historically, the average for Kenya from Q1 2012 to Q3 2024 is 2349.4 billion Kenyan Shilling. The minimum of 1037.26 billion Kenyan Shilling was recorded in Q3 2012, while the maximum of 4109.19 billion Kenyan Shilling was reached in Q2 2024. | TheGlobalEconomy.com

The Gross Domestic Product per capita in Kenya was last recorded at 1808.40 US dollars in 2023. The GDP per Capita in Kenya is equivalent to 14 percent of the world's average. This dataset provides the latest reported value for - Kenya GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) per capita in Kenya was estimated at about 2.31 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 1.45 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 484.80 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Agriculture had the largest contribution to Kenya's economy in the second quarter of 2024. The sector added roughly 1.03 trillion Kenyan shillings (KSh), approximately eight billion U.S. dollars, to the country's Gross Domestic Product (GDP). The amount corresponded to around 25 percent of the total contribution of all industries to the economy. In the same period, the Kenyan GDP at market prices was measured at roughly 4.1 trillion KSh (31.8 billion U.S. dollars).

Full Year GDP Growth in Kenya decreased to 4.70 percent in 2024 from 5.70 percent in 2023. This dataset includes a chart with historical data for Kenya Full Year Gdp Growth.

GDP from Transport in Kenya decreased to 268636 KES Million in the fourth quarter of 2024 from 271068 KES Million in the third quarter of 2024. This dataset provides - Kenya Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kenya's Gross Domestic Product (GDP) at current prices was measured at some 4.1 trillion Kenyan shillings (KSh), nearly 31.8 billion U.S. dollars, in the second quarter of 2024. The amount decreased compared to the previous quarter. Overall, the Kenyan economy has shown signs of recovery since the easing of containment measures implemented to curb the spread of the coronavirus (COVID-19).

The Gross Domestic Product per capita in Kenya was last recorded at 5682.99 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Kenya, when adjusted by Purchasing Power Parity is equivalent to 32 percent of the world's average. This dataset provides - Kenya GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kenya's agriculture sector grew by *** percent in the second quarter of 2024, which was a decrease compared to the second quarter of the previous year. The growth rate of the agriculture fluctuated in the period under review, peaking in the fourth quarter of 2020 with a score of *** percent.

Kenya's manufacturing sector increased by 3.2 percent in the second quarter of 2024. This was an increase to the corresponding quarter of 2023, as the value added by the industry to the Gross Domestic Product (GDP) grew by 1.5 percent. In general, the growth rate of the manufacturing sector in Kenya fluctuated strongly, reaching its lowest value in the second quarter of 2020 with a score of -5.1 percent.

Key information about Kenya Government Debt: % of GDP

• Kenya Government debt accounted for 67.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 67.4 % in the previous quarter.
• Kenya government debt to GDP ratio data is updated quarterly, available from Dec 2009 to Sep 2024.
• The data reached an all-time high of 73.7 % in Dec 2023 and a record low of 39.7 % in Mar 2010.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Central Bank of Kenya provides Government Debt in local currency. The Kenya National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Kenya Government Debt: % of GDP

• In the latest reports, Kenya National Government Debt reached 83.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 26.9 USD bn in Sep 2022.

Key information about Kenya External Debt: % of GDP

• Kenya External Debt accounted for 40.3 % of the country's Nominal GDP in 2023, compared with the ratio of 34.6 % in the previous year.
• Kenya External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2023.
• The data reached an all-time high of 40.3 % in Dec 2023 and a record low of 16.5 % in Dec 2011.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. World Bank provides External Debt in USD. The Kenya National Bureau of Statistics provides Nominal GDP in local currency.


Related information about Kenya External Debt: % of GDP

• In the latest reports of Kenya, Current Account recorded a deficit of 163.0 USD mn in Mar 2024.
• Foreign Direct Investment (FDI) increased by 728.7 USD mn in Dec 2023.
• Kenya Direct Investment Abroad expanded by 500.5 USD mn in Dec 2023.
• Its Foreign Portfolio Investment fell by 153.0 USD mn in Dec 2023.
• The country's External Debt reached 39,766.5 in Jun 2024.
• The country's Nominal GDP was reported at 26.9 USD bn in Sep 2022.

Forecast: Contribution to GDP of Construction in Kenya 2024 - 2028 Discover more data with ReportLinker!