•According to KNBS, the education sector had the biggest impact, accounting for about 64.7 per cent of the growth.
•Accommodation and food serving activities accounted for 24.8 per cent, transportation (13%) financial, insurance activities (6.7%) and manufacturing 9.5 per cent.
Education and transport are among key sectors that helped economic growth in Kenya, latest data by the Kenya National Bureau of Statistics show.
This, as real GDP grew by 9.9 per cent in the third quarter of 2021 compared to a contraction of 2.1 per cent in the same quarter of 2020.
According to KNBS, the education sector had the biggest impact, accounting for about 64.7 per cent of the growth.
Accommodation and food serving activities accounted for 24.8 per cent, transportation (13%) financial ,insurance activities (6.7%) and manufacturing 9.5 per cent.
However, the agriculture, forestry and fishing sectors contracted by 1.8 per cent in the reviewed period compared to 4.2 per cent growth in the same quarter of 2020.
“Agricultural production was constrained due to drought conditions that characterized the quarter under review in most parts of the country,” KNBS notes.
National Treasury CS Ukur Yatani says economic recovery from the effects of the Covid-19 pandemic continued in the third quarter of 2021 as a result of the gradual easing of containment measures instituted to curb the spread of the disease.
The Q3 growth comes after an earlier impressive second-quarter performance of 10.1 per cent of real GDP growth of 2021.
“The 9.9 per cent real GDP growth is testament that the economy is recovering from the effects of the Covid-19 pandemic, and that the government’s interventions are working for the good of our people. I thank Kenyans for their hard work and resilience," Yatani said in a statement.The dismal performance of the agriculture, forestry and fishing sector was evident in the significant decline in fruit exports, cane deliveries, tea production and coffee exports, KNBS notes.The volume of fruit exports and cane delivery declined by 19.9 and 5.6 per cent respectively in the third quarter of 2021.Similarly, production of tea and coffee declined by 5.9 and 24.1 per cent, respectively.In addition, the unfavourable weather conditions experienced in most parts of the country impacted on production of major food crops during the review quarter.In manufacturing, the food sub-sector expanded by 8.6 per cent as manufacturers of beverages, dairy products, bakery products and grain mill products registered substantial growths.During the period, the electricity and water supply sector recorded an accelerated […]
