The country’s real Gross Domestic Product (GDP) grew by 5.9 per cent in the third quarter of 2023, compared to 4.3 per cent in the corresponding quarter of 2022. This growth was mainly supported by a rebound in agricultural activities that had contracted in 2022. Read More
The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.6 per cent, in December 2023. This was mainly driven by increases in prices of commodities under Transport (11.7%); Housing, Water, Electricity, Gas and other fuels (8.3%); and Food and Non-Alcoholic Beverages (7.7%) between December 2022 and December 2023. Read More
THE 2023 FOREIGN INVESTMENT SURVEY:
KNBS is implementing the 2023 Foreign Investment Survey (FIS) in collaboration with the Central Bank of Kenya (CBK) and Kenya Investment Authority (KenInvest). Other stakeholders in the process include the Capital Markets Authority (CMA), the Export Processing Zones Authority (EPZA) and the Insurance Regulatory Authority (IRA). Data collection commenced on 15th November, 2023 and is expected to be undertaken until February, 2024. The field personnel involved in data collection are drawn from the collaborating institutions and comprise of Research Assistants, Supervisors and Field Coordinators.
The Survey targets enterprises that had Foreign Assets and Liabilities (FAL) and other cross border flows in 2020, 2021 and 2022; and positions for the years ending 2019 to 2022. These FAL could be in form of equity (shareholding), debt instruments (loans, currency and deposits, accounts payables/ receivables, debt securities and other money market instruments such as corporate bonds), financial derivatives, insurance technical reserves and employee stock options.
The survey also seeks information on other cross border transactions (revenues and expenditures) including international trade in goods and services for the years 2020 to 2022 and investor perceptions on the business environment since 2020.
The FIS is the main source of data on Foreign Direct Investment (FDI) and Private Sector External Debt. Findings from the FIS are used to inform and update the Balance of Payments (BOP) Statistics; and more recently, the International Investment Position for Kenya (IIP). These statements highlight the level and composition of the country’s external assets and liabilities and inform policy interventions aimed at attracting and retaining investment in the country.
These findings are disseminated in the FIS Reports as well as in the BOP and IIP Statements in the quarterly BOP Reports and annual, Economic Survey and Statistical Abstract Reports.
We therefore appeal to the sampled enterprises (respondents) to cooperate by providing the necessary information in the FIS 2023 Questionnaire and accompanying Financial Statements for the period ending 2020, 2021 and 2022. Confidentiality of the information provided is guaranteed as enshrined in the Statistics Act, 2006 from which we derive our mandate. The data is anonymized and disseminated in form of statistical aggregates.
The FIS 2023 Questionnaire and information leaflet have been attached for your use and reference. Previous Foreign Investment Survey Reports can also be accessed via this link:
Feel free to contact us on the various platforms should you require any additional information related to this and any of the Bureau’s activities.
The Statistical Abstract is published annually by the Kenya National Bureau of Statistics. The 2023 Statistical Abstract contains updated statistics covering a series of 5 years or more up to 2022. The Statistical Abstract enables data users to get complete time series data of the Kenyan Economy from one SINGLE official source. The publication therefore contains a comprehensive set of information that is useful for any form of analytical work.’ Read Full Report
The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.8 per cent, in November 2023. This was mainly driven by increases in prices of commodities under Transport (13.6%); Housing, Water, Electricity, Gas and other fuels (8.5%); and Food and Non-alcoholic Beverages (7.6%) between November 2022 and November 2023. These three divisions account for over 57 per cent of the weights of the 13 broad categories Read Report