Kenya’s economic growth slowed to 4.7 per cent in 2024, compared to 5.7 per cent recorded in the previous year.
A report by the Kenya National Bureau of Statistics (KNBS), released on May 6, 2025, shows that the slower pace was largely driven by weaker performance in agriculture and service sectors such as financial services, insurance, and transportation.
The country’s nominal GDP—the value of all goods and services produced—rose from Sh15 trillion in 2023 to Sh16.22 trillion in 2024.
The agriculture sector’s contribution to GDP increased from 21.5 per cent in 2023 to 22.5 per cent in 2024.
