1961 - 2019. The data collection is conducted in the second and third weeks Chart. Kenya Tax revenue: % of GDP was reported at 7.8 % in Dec 2019. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. "Kenya: Growth rate of the real gross domestic product (GDP) from 2015 to 2025 (compared to the previous year)." Kenyan economist David Owiro in an interview on SABC TV (April 2021) The International Monetary Fund’s US$2.34 billion loan to Kenya’s government, announced in April 2021, has led … Private consumption . Forecast updates. GDP Growth of Kenya. Kenya’s real GDP growth has averaged over 5% for the last decade. Kenya’s National Treasury is optimistic that the budget deficit will contract to 7.5% of the GDP in the fiscal year 2021/22, which starts on 1st July 2021. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Also Show. Kenya Government Debt: % of GDP, 2009 – 2021 Data This website stores cookies on your computer. Kenya gdp per capita for 2019 was $1,817, a 6.36% increase from 2018. Kenya Government Debt to GDP was 65.6 % in 2021. According to Kenya’s Statistical Institute, GDP shrank 1.1% year-on-year in the third quarter of 2020, moderating from Q2’s 5.5% contraction, which had been the first in at least a decade (previously reported: -5.7% year-on-year). Statistics on external debt. NAIROBI, April 8 (Xinhua) -- Kenya's economy is expected to grow by 7.0 percent in 2021 on account of the resumption of international trade, strategic investments in the country's development priority areas, Ukur Yatani, Cabinet Secretary for the National Treasury said in a statement issued in Nairobi on Wednesday evening. Real GDP figures for years 2000 to 2008 are based on 2001 prices (as base year, i.e. Kenya Government debt accounted for 68.6 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 65.9 % in the previous quarter. Kenya’s economic freedom score is 54.9, making its economy the 138th freest in the 2021 Index. Exports of goods & services. https://www.reuters.com/article/uk-kenya-economy-idUSKBN29V0MT World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Kenya’s debt to GDP ratio is currently 65.6%. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. Kenya GDP (Gross Domestic Product) was INT$230.83billion for 2020 in PPP terms. The Future of Work in Africa Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020. ... Mar 31, 2021. [80] [81] Kenya's largest bilateral lender since 2011 has been China , and the largest multilateral lender since 1963 has been the World Bank . These numbers are generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption goods and services. Consequently, the GDP expanded to US$55 billion, that is, $11 billion larger than the size captured using the old base year. Projections suggest debt may reach 100% of GDP by 2030. Kenya The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. . Real GDP growth in the East African Community (EAC) declined to 5.9% in 2019 from 6.6% in 2018, with a deceleration recorded across all countries in the bloc. GDP per capita ranking 2021. Conclusion: Official data puts Kenya’s current debt at 65.6% of GDP In an April 2021 TV interview with the South African Broadcasting Corporation, Kenyan economist David Owiro put Kenya’s debt stock “at about 100% of its gross domestic product” (GDP). Kenya Tax revenue: % of GDP data is updated yearly, averaging 8.0 % from Dec 2006 to 2019, with 14 observations. Kenya National Bureau of Statistics hereby releases the Consumer Price Indices (CPI) and inflation for April 2021. Although reliable numbers are … Source: World Bank : Growth, Growth per capita: IMF World Economic Outlook (October-2020) Date: 01 Jan 2021: Top Statistics GDP ranking 2021. - … Nevertheless, moving into 2021 a significant economic recovery has been underway, although it remains highly uneven across sectors (with some, such as tourism, remaining under severe pressure), and there continues to be elevated uncertainty regarding the outlook. License: CC BY-4.0 Line Bar Map. This records a decrease from the previous number of 8.0 % for Dec 2018. To address debt-related risks, the authorities have taken action to hold the fiscal deficit and debt ratios to 8.7 and 70.4 percent of GDP, respectively, this fiscal year. Looking at the details of the release, growth in the mining and quarrying sector (Q3: +18.2% yoy; Q2: +10.0% yoy), the construction sector (Q3: Kenya's economy will rebound to a five per cent growth in the second half of 2021 after a flaccid start weighed down by Covid-19 pressures, Genghis Capital forecasts. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Total World GDP: $91.98 Tn. 2009=100) In 2021,Kenya's debt had risen to an absolute amount of US$65B against a GDP of US$101B.The public debt level is thus 65% of GDP as of year 2021. The downside risks include a weaker than expected global economic recovery undermining Kenya’s export, tourism and … Kenya gdp per capita for 2017 was $1,572, a 11.47% increase from 2016. SOURCE: WORLD ECONOMIC OUTLOOK, IMF, APRIL 2019, NATIONAL TREASURY (KENYA) Sub-Saharan & Middle East Economic Highlights. Coronavirus Pandemic (COVID-19) See Also: » GDP of Kenya » GDP per capita of Kenya; View More Economy Statistics; GDP growth ; GDP per capita growth; Projections by IMF; Year GDP … Kenya - GDP GDP contraction softens notably in Q3. 2001=100) while figures for years 2009 to the current, are based on 2009 prices (i.e. Gross fixed investment. A Kenyan parliamentary committee said on Thursday that it will reject the government's 2021/22 budget plan if the deficit goal is set at more than the currently proposed 7.5% of GDP. Government consumption. October 12, 2020. Kenya gdp per capita for 2016 was $1,411, a 5.51% increase from 2015. Imports of goods & services. World Bank national accounts data, and OECD National Accounts data files. GDP Ranked by Country 2021. The deficit currently stands at 8.7% of the GDP. In April 2021 Kenya’s treasury said it was pushing to have this relief extended to June 2022. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. The latest comprehensive information for - Kenya GDP Annual Growth Rate - including latest news, historical data table, charts and more. Kenya gdp per capita for 2018 was $1,708, a 8.63% increase from 2017. In Kenya, the new accounting period was announced in 2014, updating the base year to 2009 from 2001. Access Kenya’s economy facts, statistics, project information, development research from experts and latest news. We estimate that GDP continued to grow in 2020, at 1.2% and we forecast growth to accelerate to 5.5% in 2021. Statista. Its overall score has decreased by 0.4 point, primarily because of a decline in judicial effectiveness. Historical data on the value and ratio of Kenya public debt to its Gross Domestic Product. OECD GDP-4.9: 4.3: 3.4: World GDP-3.9: 5.0: 3.7: World trade-9.2: 7.0: 6.3: Source: The Economist Intelligence Unit: Expenditure on GDP (% real change) = 2021 = 2022. Source: The Economist Intelligence Unit. We expect Kenya's public finances to improve on the back of a swift growth recovery, as real GDP returns to pre-pandemic levels in 2021. GDP growth (annual %) - Kenya. Label. Also, Read World GDP. Gross Domestic Product (GDP) is the monetary market value of all final goods and services made within a country during a specific period. According to Kenya’s Statistical Institute, GDP shrank 1.1% year-on-year in the third quarter of 2020, moderating from Q2’s 5.5% contraction, which had been the first in at least a decade (previously reported: -5.7% year-on-year). Fiscal and balance-of-payments financing needs remain sizable over the medium term. Kenya’s debt remains sustainable, but it is at high risk of debt distress. 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