Kenya’s economic output rises 8 per cent to hit Sh16.22 trillion in 2024

Kenya’s economic output rises 8 per cent to hit Sh16.22 trillion in 2024

This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.

The value of Kenya’s economy has expanded to Sh16.22 trillion as of December 2024, a new report has revealed.

This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.

According to the 2025 Economic Survey Report by the Kenya National Bureau of Statistics (KNBS), the nominal GDP growth highlights the country's continued economic momentum despite global and regional challenges experienced during the year.

Ideally, a rise in nominal GDP means the market value of all goods and services produced in the country has grown, driven by a mix of higher production and increased prices.

More to follow...

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