Kenya National Bureau of Statistics

Balance of Payments of Kenya

Consumer Price Index (CPI) is a key macroeconomic indicator used to monitor price movements and how they affect policy decisions. It is defined as a measure of the weighted aggregate change in retail prices paid by consumers for a given basket of goods and services. Year-on-year inflation is used mainly for economic decision making as current situation is compared to previous year situation, same period. Inflation rate is defined as a percentage change of the CPI between two periods.

The overall employment to population ratio in the country, for the working age population (15-64 years), was 63.4 per cent in the fourth quarter of 2022 compared to 62.6 per cent recorded in the previous quarter, and 62.4 per cent recorded in the same quarter of 2021.  The unemployment rate, measured based on the strict definition of not working, seeking work in the last four weeks and available to work, was 4.9 per cent in the fourth quarter of 2022, compared to 5.3 per cent registered in the previous quarter and 5.6 per cent recorded in the fourth quarter of 2021.

National accounts are a set of macroeconomic statistics which are key in understanding the workings of an economy and crucial for macroeconomic analysis and decision making. They provide information on the economic transactions between different economic agents in an economy and also with the rest of the world and are used for international comparison. Evidently, economies are dynamic in nature: they grow, they shrink, they add new sectors, new products and new technologies, and consumer behavior and tastes change over time.