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 ...
In 2025, we forecast that the Central Bank of Kenya will cut its policy rate by 300bps to 8.25%, having cut by 75bps to 11.25% at the final meeting of 2024. Our view is informed by the fact that policymakers remain concerned about high lending rates and poor credit growth – while lo...
It is projected that the market will experience an annual growth rate of 3.36% from 2024 to 2029 (CAGR 2024-2029). In comparison to other countries, in China generates the highest revenue in the Storage Units market, amounting to Ksh US$9,423.0m in 2024. When considering the total populat...
Last Updated on December 6, 2023 by DesignerPeople Did you know that the projected annual growth rate (CAGR) of industries in Kenya is projected to grow 4.8% from 2021 to 2026? Being one of East Africa’s most developed countries, Kenya’s diverse culture is a massive reason for growing ...
Nominal GDP of USD 107.9 billion in 2023. Nominal GDP of USD 114.3 billion in 2022. GDP per capita of USD 2,257 compared to the global average of USD 10,589. GDP per capita of USD 2,094 compared to the global average of USD 10,589. ...
GDP growth over the medium term is expected to remain at around 5%, broadly in line with the pre-pandemic trend and Kenya's estimated potential GDP growth rate. The strong headline GDP growth amid the polycrisis highlights the resilience of the Kenyan economy.Africa Research Bulletin: Economic,...
The benchmark interest rate in Kenya was last recorded at 11.25 percent. This page provides the latest reported value for - Kenya Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic cale
"Growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a strong recovery in agriculture and resilience in the services sector following the return of rains after the severe droughts in 2021-2022," Teferra said. She, however, said the unfortunate losses of lives, displacem...
Home to one of the tallest skyscrapers in Africa and situated as the business and logistics hub of Central and East Africa, Kenya's construction market was valued at over $17.3bn in 2023 and is expected to achieve an average annual growth rate of more than 5% between 2024 and 2026. With...
Gross Savings Rate (%) 11.9 2023 yearly 2006 - 2023 Investment: % of GDP (%) 16.4 2023 yearly 1964 - 2023 Nominal GDP (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022 Nominal GDP Growth (%) 7.780 Jun 2024 quarterly Mar 2010 - Jun 2024 Private Consumption Expenditure ...