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Kenya

Headline economic indicators for Kenya, with the most recent official readings.

Prices

Prices — Kenya
Indicator Value Change
Inflation rate · 4.1% -0.42 (-9.4%)
Consumer price index · 267.8 +10.47 (+4.1%)
GDP deflator inflation · 3.5% +0.33 (+10.3%)

GDP

GDP — Kenya
Indicator Value Change
GDP growth rate · 4.6% -0.03 (-0.6%)
GDP per capita · 2,362.86 +229.40 (+10.8%)
GDP per capita, long-run history · 3,404 +111.17 (+3.4%)
GDP · 135,941,278,878.82 +15,543,741,029 (+12.9%)
GDP, PPP · 403,644,276,634 +28,383,303,189 (+7.6%)
GDP per capita, PPP · 7,016 +366.26 (+5.5%)
GDP per capita growth · 2.6% +0.00 (+0.1%)
GNI per capita · 2,200 +130.00 (+6.3%)
Agriculture to GDP · 23.2% +0.72 (+3.2%)
Industry to GDP · 16.3% -0.05 (-0.3%)
Manufacturing to GDP · 7.1% -0.17 (-2.3%)
Services to GDP · 55.1% -0.63 (-1.1%)
Household consumption to GDP · 76.9% -0.38 (-0.5%)
Gross capital formation to GDP · 17.0% +0.47 (+2.9%)
Gross savings to GDP · 15.7% +0.15 (+1.0%)

Labour

Labour — Kenya
Indicator Value Change
Unemployment rate · 5.4% -0.04 (-0.7%)
Labour force participation rate · 67.4% -0.03 (-0.0%)
Female labour force participation rate · 63.0% +0.02 (+0.0%)
Youth unemployment rate · 15.2% -0.23 (-1.5%)
Employment to population ratio · 63.7% -0.01 (-0.0%)
Employment in agriculture · 45.8% -0.71 (-1.5%)
Employment in industry · 12.5% +0.16 (+1.3%)
Employment in services · 41.7% +0.55 (+1.3%)

Money

Money — Kenya
Indicator Value Change
Real interest rate · 13.0% +5.26 (+67.9%)
Broad money to GDP · 38.3% +0.68 (+1.8%)
Private sector credit to GDP · 29.4% -0.32 (-1.1%)
Lending rate · 16.6% +3.00 (+22.1%)
Bank deposit rate · 12.0% +2.81 (+30.7%)
Stock market capitalization to GDP · 16.8% +4.33 (+34.8%)
Bank nonperforming loans · 13.6% +1.24 (+10.0%)
Official exchange rate · 129.3 -5.52 (-4.1%)

Trade

Trade — Kenya
Indicator Value Change
Current account to GDP · -2.1% -0.37 (-20.8%)
Exports to GDP · 15.8% -1.09 (-6.5%)
Imports to GDP · 21.8% -1.39 (-6.0%)
Trade to GDP · 37.5% -2.49 (-6.2%)
Exports of goods and services · 21,429,875,346.95 +1,136,924,653 (+5.6%)
Imports of goods and services · 29,576,712,518.91 +1,703,119,655 (+6.1%)
Trade balance, goods and services (annual) · -8,146,835,505.26 -566,193,016 (-7.5%)
Current account balance (annual) · -2,887,273,710.11 -769,976,156 (-36.4%)
Foreign direct investment to GDP · 0.8% +0.17 (+26.1%)
Remittances received to GDP · 3.8% -0.39 (-9.4%)
Total reserves, including gold · 12,394,288,741.5 +2,327,681,564 (+23.1%)
Reserves in months of imports · 4.6 +0.65 (+16.2%)
External debt to GNI · 35.0% -5.43 (-13.4%)

Government

Government — Kenya
Indicator Value Change
Government revenue to GDP · 18.6% +0.76 (+4.2%)
Government expense to GDP · 27.8% +2.78 (+11.1%)
Tax revenue to GDP · 14.1% -0.54 (-3.7%)
Government budget balance to GDP · -10.0% -2.29 (-29.7%)
Government consumption to GDP · 11.2% +0.04 (+0.4%)
Education spending to GDP · 4.0% +0.06 (+1.5%)
Health spending to GDP · 4.4% +0.03 (+0.7%)

Demography

Demography — Kenya
Indicator Value Change
Population · 57,532,493 +1,099,549 (+1.9%)
Population, long-run history · 55,924 +1,058 (+1.9%)
Population growth · 1.9% -0.03 (-1.4%)
Life expectancy · 63.8 +0.19 (+0.3%)
Fertility rate · 3.17 -0.04 (-1.3%)
Birth rate · 27.0 -0.14 (-0.5%)
Death rate · 7.2 -0.03 (-0.4%)
Urban population share · 32.2% +0.32 (+1.0%)
Population aged 65 and over · 3.0% +0.05 (+1.8%)
Under-five mortality rate · 38.8 -0.80 (-2.0%)
Population density · 97.2 +1.88 (+2.0%)
Net migration · -27,330 -7,549 (-38.2%)
Gini index · 38.5 -0.20 (-0.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Kenya

Economies nearby

Comparable readings from neighbouring economies.