APRM • SECOND COUNTRY REVIEW REPORT OF THE REPUBLIC OF KENYA Economy Kenya’s real GDP growth has averaged 5.5 % for the last seven years. The Gross Domestic Product (GDP) grew by 5.6% in 2015 compared to 5.3% growth in 2014. This growth was a result of significant growth in some key sectors among them agriculture; construction; real estate; and financial and insurance. The GDP growth is expected to continue its similar growth trajectory in 2016 and 2017. Major macroeconomic indicators such as inflation, current account deficit and exchange rate remained relatively stable in the year 2014 & 2015. Inflation eased from 6.9% in 2014 to 6.5% in 2015 due to lower energy and transport prices. The current account deficit as a percentage of GDP narrowed from 10.3% in 2014 to 7.9% in 2015. Sources: Constitution of Kenya, 2010; Kenya Facts and Figures 2015; Kenya Economic Outlook 2016 | xvii |