ECONOMIC SURVEY 2021

World real GDP contracted by 4.2 per cent in 2020 compared to a growth of 2.7 per cent
in 2019. The contraction was mainly attributed to slowdown in economic activities due to
emergence of the Coronavirus Disease 2019 (COVID-19). Real GDP in Advanced Economies
is estimated to have contracted by 5.8 per cent in the period under review compared to 1.7
per cent growth in 2019. This was due to accelerated collapse in economic activity driven by
sharp declines in demand and supply of services. Sub Saharan Africa economies contracted
by 1.9 per cent in 2020 compared to a real GDP growth of 3.2 per cent in 2019. East African
Community (EAC) real GDP contracted by 0.2 per cent in 2020 compared to a growth of 6.2
per cent recorded in 2019.

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REPORT OF THE REVISED AND REBASED NATIONAL ACCOUNTS

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.

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Press release on Launch of the Revised National Accounts Estimates

In 2017, the Kenya National Bureau of Statistics initiated the process of revising and rebasing the National Accounts. The main objectives of the revision were to further implementation of recommendations of the international 2008 System of National Accounts (2008 SNA), change the base year from 2009 to 2016, and revise the annual and quarterly National Accounts over the same period.

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CONSUMER PRICE INDICES AND INFLATION RATES FOR AUGUST 2021

The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.57 per cent, in August 2021. This was mainly driven by rise in prices of commodities under: food and non-alcoholic beverages (10.67 per cent); transport (7.93 per cent); and housing, water, electricity, gas and other fuels (5.07 per cent) between August 2020 and August 2021, as presented in Tables 1 and 2.

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National Statistical System (NSS) Bulletin January-June 2021

I take this opportunity to welcome you to the National Statistical System (NSS) Bulletin for the period January-June,2021. Statistics is a key ingredient in evidence-based decision making and planning for National and County governments, as well as in the private sector. In this regard, KNBS in collaboration with other data producers in the NSS, endeavor to produce statistical information which is responsive to the dynamic data eco-system, while meeting user needs in a continuous and concise manner.  Read More

FIS 2020 Report

Kenya’s investment climate continued to improve supported by the Government’s economic programs aimed at strengthening the country’s position as a regional industrial and financial hub. The Government through its Industrial Transformation initiative sought to increase connectivity through affordable rail and road networks and ports, reengineer processes and reduce costs through a broad range of business-related measures. In partnership with the private sector, the Government’s multi-institutional Business Environment Delivery Unit and the Department of Business Reforms and Transformation coordinated implementation of the reforms required to make Kenya competitive locally and internationally.  Read More

CONSUMER PRICE INDICES AND INFLATION RATES FOR JULY 2021

The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.44 per cent, in July 2021. This was mainly driven by rise in prices of commodities under: food and non-alcoholic beverages (8.84 per cent); housing, water, electricity, gas and other fuels (6.03 per cent); and transport (10.33 per cent) between July 2020 and July 2021. These details are presented in Tables 1 and 2.

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Inequality Trends and Diagnostics in Kenya – Report

There are several reasons that motivate the analysis of inequality which has been a dominant feature
of the Kenyan economy since the early 1900s. A key motivation is that Kenya has no previous studies
that have comprehensively analysed multidimensional inequality. The study is also motivated by
cross country empirical studies that find that inequality is negatively associated with economic
growth

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CONSUMER PRICE INDICES AND INFLATION RATES FOR JUNE 2021

The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.32 per cent, in June 2021. This was mainly driven by rise in prices for commodities under: food and non-alcoholic beverages (8.46 per cent); housing, water, electricity, gas and other fuels (4.25 per cent); and transport (14.71 per cent) between June 2020 and June 2021.

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2021 FINACCESS SURVEY

 

The Central Bank of Kenya (CBK), Kenya National Bureau of Statistics (KNBS) and Financial Sector Deepening Trust (FSD) Kenya in collaboration with other stakeholders are currently undertaking the 6th Financial Access Household Survey dubbed 2021 FinAccess Household Survey. The data collection will run from June to September 2021 in all the 47 counties. The previous FinAccess Household Surveys were conducted in 2006, 2009, 2013, 2016 and 2018.

 

The objectives of this survey are to measure and understand the financial needs of Kenyans, their use of financial services and products, and determine ways in which financial services can be improved to meet their needs.

 

FinAccess data is widely used by both the public and private sectors to guide policy making as well as in developing and improving delivery channels and products, through building inclusive financial markets. The Survey findings were also used to inform policy formulation and the Kenya Vision 2030 Medium Term Plans.

 

The selected households are requested to accord survey personnel all necessary support for successful implementation of the survey. Data will be collected by KNBS research assistants who will be wearing official identification badges. Information obtained from every respondent will be confidential and will not be published or divulged in any form to the Public.

 

For any queries on the survey implementation and past survey reports, please contact:

 

The Director General, Kenya National Bureau of Statistics, P.O. Box 30266–00100 GPO NAIROBI. Email: info@knbs.or.ke.  Telephone: +254-735-004-401, +254-202-911-000, +254-202-911-001, +254-3317651, +254-3317586, +254-3317612, +254-3317622, +254-3317623

 

The Director, Research Department, Central Bank of Kenya, P.O Box 60000 – 00200, Nairobi. Email: researchstat@centralbank.go.ke, Telephone:  Tel: +254 20 286 1000.

 

 

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