Kenya’s GDP per capita has risen in 20 of the past 25 years, growing from ~$415 in 2000 to $2,206 in 2024

key takeaways:

Kenya's GDP per capita soared from $414.6 in 2000 to a significant $2206.1 in 2024, marking a 532% increase.
The country saw its largest single-year jump between 2006 and 2007, rising by 33.7% from $523.5 to $699.8.
Economic downturns were visible in 2020 (-1.7%) and 2023 (-7.5%), showing vulnerability to shocks.
Since 2020, GDP per capita has grown by 14.5%, with 2024 recording the highest value.
Kenya’s GDP per capita rose in 20 of the past 24 years, and declines occurred in only 4 years (2001, 2002, 2020, and 2023).

Kenya’s GDP per capita has climbed from $414.6 in 2000 to an all-time high of $2206.1 in 2024, a 532% increase in the last 25 years.

The early 2000s began with economic stagnation and little to no growth. The country experienced its first significant growth between 2005 and 2006, recording a $176.3 (33.7%) increase. From 2006, GDP per capita continued to rise steadily, reaching $1,960.4 by 2019. However, in 2020, the COVID-19 pandemic caused a sharp decline in economic activity and income levels. Kenya quickly rebounded in 2021, moving from $1,927.7 in 2020 to $2,061.4.

In 2022, growth slowed, and by 2023, GDP per capita dipped to $1,952.3, recording a 7.5% decrease. Kenya rose by 13% in 2024 with $2.206.1, which solidified the country's lead position among other East African mainland countries like Uganda, Ethiopia and Tanzania.

Source:

World Bank

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Period:

2000-2024

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