Source: world bank Nominal/PPP
Summary:
Kenya GDP Per Capita expanded from 1960 to 2024, increasing from $102.82 to $2,132.43 .The compound annual growth rate (CAGR) averaged 4.85% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 49.51%, indicating the largest cyclical decline from peak levels. The country experienced 7 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.
- Expansion (1963–1964) indicating steady moderate growth
- High Growth (1970–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- Contraction (1984–1985) indicating temporary slowdown
- High Growth (1986–1987) indicating robust economic expansion
- Contraction (1989–1992) indicating temporary slowdown
- High Growth (1994–1997) indicating robust economic expansion
- Contraction (2000–2002) indicating temporary slowdown
- High Growth (2005–2009) indicating robust economic expansion
- Expansion (2010–2011) indicating steady moderate growth
- High Growth (2012–2014) indicating robust economic expansion
- Expansion (2015–2016) indicating steady moderate growth
- High Growth (2017–2019) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 33.689%, while the largest decline was in 1993 at -31.984%.