Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Inflation rate in Kenya 2021

In 2018, the average inflation rate in Kenya amounted to about 4.69 percent compared to the previous year, a significant decrease from 7.99 percent the year prior. Forecasts see Kenya’s inflation levelling off at around five percent in the near future.

Kenya sees economic growth

Kenya’s economic growth has been quite steady these past few years and is still on the rise – except for a little dip in 2017, which is no real reason for concern. Gross domestic product (GDP) is forecast to almost double by 2024, and unemployment, although still above 10 percent, is on the decline. Although Kenya may not be among the leading countries on the Human Development Index (HDI) yet, but these economic trends plus demographic key factors like a declining infant mortality rate and a life expectancy at birth that has increased by a decade over the same time span show that Kenya is definitely on the way.

A brief look at Kenya’s economy

Kenya’s market-based economy is considered East Africa’s finance and transportation hub. Most of Kenya’s GDP is generated by services, especially travel and tourism, but agriculture is also quite successful, as it contributes about a third to GDP. The country exports less than it imports, and its leading exports are mostly commodities like tea and coffee. Imports include petroleum, machinery, and metals. Subsequently, Kenya’s trade balance is in the red, however, national debt is decreasing.

Kenya: Inflation rate from 1984 to 2021

Zoomable Statistic: Select the range in the chart you want to zoom in on.
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2020

Region

Kenya

Survey time period

1984 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Figures have been rounded.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Kenya"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.