Source: world bank Nominal/PPP
Summary:
Kenya GDP Per Capita expanded from 1960 to 2024, increasing from $0.79 to $120.34 .The compound annual growth rate (CAGR) averaged 8.17% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 32.91%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Kenya Economic Phases (1960 - 2024)
From 1960 to 2024, Kenya economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1964) indicating robust economic expansion
- High Growth (1966–1980) indicating robust economic expansion
- Contraction (1981–1983) indicating temporary slowdown
- High Growth (1986–1987) indicating robust economic expansion
- High Growth (1994–1998) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- Expansion (2001–2002) indicating steady moderate growth
- High Growth (2003–2010) indicating robust economic expansion
- High Growth (2012–2014) indicating robust economic expansion
- High Growth (2016–2019) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 37.825%, while the largest decline was in 1993 at -29.934%.