2019/20 Fiscal Analytic Snapshot: Kenya

2019/20 Fiscal Analytic Snapshot: Kenya

Economic growth in Kenya has been robust and stable since the global financial crisis, with the economy expanding by 6.3% in 2018.  Over the last 5 years, annual GDP growth in Kenya has averaged 5.6% in real terms, driven by an expansion in public spending and growing private consumption. This growth has been relatively broad-based, indicating a well-diversified economy. On average, the services sector accounts for over half of total GDP growth (55%), while agricultural output accounts for an average of 24% and industry the remaining 21%.

FY 2019-20 Fiscal analytical snapshot for Kenya