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knbs.or.ke DownloadEconomic Survey 2024 KNBS 1 01 INTERNATIONAL SCENE World real GDP slowed to 3.1% in 2023 compared to 3.5% in 2022. The slowdown was more pronounced across advanced economies than in Emerging Markets and Developing Economies (EMDEs). Real GDP Growth Rates of Selected Economies in 2023 (%) 5.6 Kenya 5.2 Tanzania 4.6 Uganda 6.2 Rwanda 3.3 Burundi
Kenya’s growth is projected to recover to 4.9% on average during 2025–2027, driven mainly by easing inflation, accommodative monetary policy, and a pickup in credit growth that should support household and business incomes, driving private consumption and investment.
Policies, including the submission of Kenya’s updated Nationally Determined Contribution (NDC) in 2020, aim to reduce GHG emissions by 32% by 2030, with the energy sector to contribute 45% of these reductions.
This chart illustrates the projected distribution of government borrowing in Kenya for the fiscal year 2024/25. Each segment represents an equal share, assuming a balanced division among domestic market borrowing, foreign market borrowing, concessional loans, and commercial loans.
📌 What is the current inflation rate in Kenya? As of 2024, the most recent recorded annual inflation rate in Kenya is 5.1%. Use the interactive table and graph to compare this with historical trends. 📌 What was the highest inflation rate in Kenya? The highest recorded inflation rate in Kenya was 46% in 1993. This spike was influenced by ...
The World Bank downgraded Kenya's economic growth estimate for this year to 4.7% on Tuesday, from an initial 5.0%, citing the impact of floods, anti-government protests and flailing fiscal...
centralbank.go.ke Downloadcost of living and reducing purchasing power. During its meeting in February 2024, the MPC raised the CBR from 12.50 percent to 13.00 percent, noting that overall inflation had remained sticky in the upper bound of the target range.
The KENYA INSTITUTE for PUBLIC POLICY RESEARCH and ANALYSIS No. 01/2023-2024 1. Overview This Policy Brief is based on the Kenya Economic Report (KER) 2023, themed ‘Cost of Living and the Role of Markets’. As the economy started recovery from the adverse effects of COVID-19 pandemic, it was
The year on year inflation rate as measured by the Consumer Price Index (CPI) eased to 2.7 per cent in October 2024. This means that the general price level was 2.7 per cent higher in October 2024 than it was in October 2023.
From Economic Indicators to CPI and Inflation Rates, our comprehensive range of reports empowers you with the knowledge you need to thrive in today’s dynamic environment. The Consumer Price Index (CPI) increased by 0.2 per cent, from an index of 138.34 in February 2024 to an index of 138.66 in March 2024. The overall year on.