Kenya’s economic trajectory remains a focal point for regional stability in East Africa. According to the latest figures from the Central Bank of Kenya, the nation’s Nominal GDP reached Ksh 16,224,477 million in 2024, reflecting a 4.7% growth rate. While this is a slight cooling from the 5.6% recorded in 2023, it demonstrates a robust recovery from the pandemic-induced contraction of 2020 (-0.3%). This article analyzes the domestic data to understand the difference between nominal growth and real economic value, offering insights into Kenya’s path toward becoming a high-middle-income economy by 2030.
