Kenya’s Economy Hits USD 151 Billion but Remains Africa’s Seventh Largest

Kenya’s economy has grown to an estimated USD 151.15 billion (KSh19.6 trillion), maintaining its position as East Africa’s largest economy, according to the International Monetary Fund (IMF).

The latest estimates show that Kenya’s gross domestic product (GDP) increased by nearly USD 3.9 billion over six months. Despite the growth, the country remains Africa’s seventh-largest economy, behind Angola.

Kenya continues to lead the East African region by a significant margin, although Ethiopia is strengthening its position. Ethiopia’s economy grew from approximately USD 121 billion in May to USD 127.15 billion in October, moving it ahead of the Democratic Republic of the Congo (DRC).

The DRC recorded a slight decline in economic output over the same period, changing its position in the regional rankings. Tanzania’s economy also expanded, reaching USD 96.18 billion and placing it fourth in East Africa. Uganda, meanwhile, experienced a slight contraction.

Kenya’s economic performance reflects the contribution of several sectors, including services, agriculture, manufacturing and technology. Its diversified economy has helped sustain its position as the region’s leading economic hub. However, Ethiopia’s continued growth is increasing competition among East African economies.

At the continental level, South Africa remained Africa’s largest economy, with a GDP of just over USD 489 billion. Egypt ranked second, followed by Nigeria. Algeria and Morocco also remained ahead of Kenya, alongside Angola, which retained its position above Nairobi in the rankings.

Algeria, Egypt, Nigeria and South Africa recorded some of the largest increases in economic output among the continent’s leading economies between May and October. Angola also expanded its economy, maintaining the gap between itself and Kenya.

The latest figures place Kenya’s GDP close to KSh20 trillion, reflecting the scale of its economy and its continued importance to regional trade and business. However, its position in Africa’s rankings remains unchanged despite the increase in output.