Kenya’s economy slows down to 4.7pc in 2024

KNBS Director General Macdonald Obudho makes his remarks during the launch of the Economic Survey 2025 on May 6, 2025.

Photo credit: Francis Nderitu | Nation Media Group

The Kenyan economy grew at a slower pace of 4.7 percent in 2024, compared to 5.7 percent a year earlier, weighed down by a subdued performance in the agricultural sector and tight credit. 

The Kenya National Bureau of Statistics (KNBS) released the Economic Survey 2025 on Tuesday, detailing how various sectors and jobs market performed.

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