Nakuru County has surpassed Kiambu County to become Kenya’s second-largest economy after Nairobi. The latest 2024 Gross County Product (GCP) report by the Kenya National Bureau of Statistics (KNBS) reveals Nakuru’s economy grew to KSh 785.75 billion in 2023, contributing 5.7 percent to the country’s GDP. This marks a significant rise from its 4.9 percent share in 2019.
Meanwhile, Kiambu’s GDP is valued at KSh 760.82 billion, accounting for 5.6 percent of the national economy, a slight decline from its previous 5.7 percent contribution. Experts point to Nakuru’s strategic investments in agriculture, tourism, and infrastructure as key drivers of its growth, while Kiambu’s economic stagnation underscores the need for diversification and innovation.
Nakuru has leveraged its strategic location as a transport and trade hub, connecting the northern corridor to key towns in western Kenya and the Rift Valley. The county’s thriving agricultural sector, particularly in horticulture and floriculture, has been a cornerstone of its economic expansion.
In addition, Nakuru has tapped into its tourism potential, with attractions such as Lake Nakuru National Park and Hell’s Gate drawing both domestic and international visitors. These efforts have been complemented by infrastructure projects, including the modernization of Nakuru Town and the expansion of roads and industrial zones.
Governor Susan Kihika’s administration has also prioritized public-private partnerships, boosting investor confidence and accelerating economic activities in manufacturing and real estate
Kiambu, once a dominant force in Kenya’s economy, has seen its share of the GDP decline marginally. Despite its proximity to Nairobi, the county has struggled to maintain its competitive edge. Overreliance on traditional agriculture and real estate has left Kiambu vulnerable to economic fluctuations.
Experts recommend a shift toward technology, innovation, and agro-processing to revitalize Kiambu’s economy and ensure long-term growth. Efforts to attract foreign investments and enhance urban infrastructure could also help restore its position.
Nairobi continues to lead as Kenya’s largest economy, contributing significantly to the national GDP. Nakuru now takes second place, followed by Kiambu, Mombasa, and Machakos.
Mombasa, which holds fourth position, experienced the largest decline among the top five counties. Its GDP share fell from 5.0 percent in 2019 to 4.8 percent in 2023, largely attributed to reduced port activity and competition from neighboring counties.
As Kenya’s counties vie for economic dominance, Nakuru’s rise serves as a testament to the power of strategic investment and innovation. The report highlights the dynamic nature of Kenya’s regional economies, emphasizing the need for resilience and adaptability in an ever-evolving landscape.
