Kenya's GDP changed from approximately $13B 449M in 1980 to $104B 1M in 2024, showing an overall 673.3% sharply increased during the period.
The lowest GDP was recorded in 1993 at $10B 479M, and the highest in 2022 at $113B 701M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.8%.
For comparison, the average annual growth rate of Tanzania was 4.6%, and that of Uganda was 4.7%.
Overview of Kenya's GDP (1980–2024)
The Gross Domestic Product (GDP) of Kenya recorded a 673.3% sharply increased from 1980 to 2024.
The average GDP during this period was $40B 136M, and the median was $20B 630M.
GDP fluctuated within a range of $103B 222M, with a standard deviation of $33B 710M.
The average annual change was $2B 298M.
Kenya GDP from 1980 to 2024
The total market value of goods and services produced annually in Kenya.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1993, $10B 479M
- Highest GDP: 2022, $113B 701M
- Most Recent GDP: 2024, $104B 1M
Notable Annual GDP Changes
- 2018: Significant increase in GDP
- 2024: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Kenya's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $100B 328M → $100B 912M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $36B 708M → $42B 347M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $18B 206M → $18B 697M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $18B 300M → $20B 630M
- Outcome: sharply increased
Key Economic Indicators of Kenya (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 13B 449M | $ 855.47 | $ 1,116.55 | $ 17B 553M | 5.572 % | -6.516 % | 3.97 % | 0 % | 15M 721K people |
1981 | $ 12B 667M | $ 776.78 | $ 1,226.53 | $ 20B 2M | 4.1 % | -4.433 % | 7.58 % | 0 % | 16M 308K people |
1982 | $ 12B 196M | $ 721.65 | $ 1,320.15 | $ 22B 311M | 5.052 % | -2.504 % | 10.51 % | -1.119 % | 16M 900K people |
1983 | $ 11B 279M | $ 644.50 | $ 1,345.92 | $ 23B 554M | 1.593 % | -0.419 % | 12.65 % | -0.101 % | 17M 500K people |
1984 | $ 11B 703M | $ 646.57 | $ 1,369.84 | $ 24B 794M | 1.6 % | -1.084 % | 10.67 % | -0.417 % | 18M 100K people |
1985 | $ 11B 646M | $ 622.80 | $ 1,423.53 | $ 26B 620M | 4.073 % | -0.988 % | 15.41 % | -0.647 % | 18M 700K people |
1986 | $ 13B 832M | $ 716.68 | $ 1,505.28 | $ 29B 52M | 6.982 % | -0.325 % | 13.81 % | -0.486 % | 19M 300K people |
1987 | $ 15B 163M | $ 758.17 | $ 1,575.09 | $ 31B 502M | 5.811 % | -3.311 % | 12.02 % | 0.377 % | 20M people |
1988 | $ 15B 722M | $ 759.50 | $ 1,671.46 | $ 34B 599M | 6.091 % | -2.998 % | 12.18 % | 1.04 % | 20M 700K people |
1989 | $ 15B 586M | $ 728.33 | $ 1,756.70 | $ 37B 593M | 4.554 % | -3.788 % | 9.30 % | 0.629 % | 21M 400K people |
1990 | $ 16B 219M | $ 737.22 | $ 1,846.02 | $ 40B 612M | 4.134 % | -4.348 % | 11.32 % | 0.01 % | 22M people |
1991 | $ 15B 315M | $ 674.69 | $ 1,874.38 | $ 42B 548M | 1.339 % | -1.878 % | 11.16 % | -3.071 % | 22M 700K people |
1992 | $ 15B 84M | $ 644.60 | $ 1,839.66 | $ 43B 48M | -1.08 % | -2.37 % | 8.14 % | -3.178 % | 23M 400K people |
1993 | $ 10B 479M | $ 434.82 | $ 1,826.83 | $ 44B 27M | -0.095 % | 8.574 % | 10.74 % | -1.905 % | 24M 100K people |
1994 | $ 12B 547M | $ 505.91 | $ 1,859.07 | $ 46B 105M | 2.531 % | 5.807 % | 10.35 % | 1.438 % | 24M 800K people |
1995 | $ 15B 905M | $ 623.71 | $ 1,925.07 | $ 49B 89M | 4.287 % | -1.779 % | 8.80 % | 3.495 % | 25M 500K people |
1996 | $ 18B 64M | $ 686.85 | $ 1,985.83 | $ 52B 227M | 4.479 % | 0.364 % | 8.84 % | 2.461 % | 26M 300K people |
1997 | $ 18B 300M | $ 677.77 | $ 1,975.79 | $ 53B 346M | 0.411 % | 0.345 % | 7.72 % | 1.515 % | 27M people |
1998 | $ 20B 630M | $ 742.09 | $ 1,998.38 | $ 55B 555M | 2.983 % | 1.364 % | 8.67 % | 1.934 % | 27M 800K people |
1999 | $ 18B 594M | $ 647.89 | $ 2,006.28 | $ 57B 580M | 2.199 % | 5.689 % | 21.19 % | 2.84 % | 28M 700K people |
