Kenya Gross Domestic Product (GDP) by Year (1961–2023)

Kenya Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Kenya Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Kenya
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Overview of Kenya's GDP from 1961 to 2023
Kenya's Gross Domestic Product (GDP) has evolved significantly from approximately $793 million in 1961 to about $107.4 billion in 2023. The economy experienced steady growth until reaching around $8.6 billion in 1990, but faced setbacks in the late 1990s and early 2000s due to political instability and economic challenges.

A turning point occurred in the 2000s, driven by improved governance, infrastructure investments, and a growing services sector. By 2013, GDP surged to over $60 billion, supported by enhanced agricultural output and rising foreign investments.

Although the COVID-19 pandemic led to a slight decline in 2020, the economy demonstrated resilience, ultimately continuing its long-term growth trajectory amidst various challenges and opportunities.

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