
Kenya
Kenya Economic Outlook
Real GDP growth was a robust 5.8% in 2016, driven mainly by services (which accounted for 66% of growth) and industry (which accounted for 19% of growth). Agriculture accounted for 15% of growth, the lowest in recent years. Growth in services was driven by real estate (which grew 12%) and transport and storage (which grew 10%), and growth in industry was driven by construction (which grew 8.2%) and manufacturing (which grew 6.2%). Real GDP growth declined to an estimated 5% in 2017, due to subdued credit growth caused by caps on commercial banks’ lending rates, drought, and the prolonged political impasse over the presidential election. The half-year estimates show that the economy remained fairly resilient, growing 4.8%. Services accounted for 82% of that growth, and industry accounted for 17%; agriculture’s poor performance continued. The economy is projected to rebound to GDP growth of 5.6% in 2018 and 6.2% in 2019.
Key Facts
Flag: | ![]() |
Capital: | Nairobi |
Area: | 580,000 sq km |
Total Population 2017: | 48.5 Million |
Urban Population 2017: | 73.50% |
Female Population 2017: | 49.70% |
GDP: | US$ 77.3 Billion |
GNI Per Capita 2015: | US$ 1,340 |
Inflation Rate: | 5.50% |
Crude Birth Rate (per 1000): | 33.00% |
Human Development Index (rank / 188): | 146 |
Human Development Index (scale 0 to 1): | 0.555 |
Membership Date: | 10/09/1964 |
Cumulative Approvals (1967-2016): | UA 2.6 Billion |
Activity
22/05/2017 - Samuel Rigu, Safi Organic Ltd. Kenya
22/05/2017 - Samuel Munguti, Farmers Pride, Kenya
22/05/2017 - Mary Joseph, Farm Drive, ICT, Kenya
Project Portfolio
Reference | Project | Status |
---|---|---|
P-KE-DA0-001 | JOMO KENYATTA INTERNATIONAL AIRPORT AIRFIELD EXPANSION PROJECT | ApprovedAPVD |
P-KE-HAB-013 | KENYA COMMERCIAL BANK LIMITED Categories: Kenya, Economic & Financial Governance | ApprovedAPVD |
News
- 18/04/2018 - Africa crafts message of sustainability for international climate negotiations
- 16/04/2018 - African Development Bank releases first-ever highlights of 2018 African Economic Outlook in Arabic, Hausa and Kiswahili
- 07/03/2018 - East African Ministers share African Development Bank's vision for the continent
Resources
Documents
Contacts
East Africa Regional Resource Center (EARC)
African Development Bank Group
Khushee Tower
Longonot Road, Upper Hill
Nairobi, Kenya
Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938
Mr. Gabriel Negatu, RRC Director