The Kenya National Bureau of Statistics has released the 2019 Economic Survey report which highlights the country’s economic performance for the year 2018. The report shows the economy has expanded by 6.3 per cent, compared to 4.9 percent in 2017.
While launching the report, the Cabinet Secretary, National Treasury and Planning Mr Henry Rotich said that the growth is higher than the 3.0 per cent recorded for the sub-Saharan region and 3.6 per cent estimated for the global economy.
Kenya National Bureau of Statistics
Director General Mr Zachary Mwangi said the global economy recorded a decelerated growth of 3.6 % in 2018 compared to 3.8% in 2017. This was attributed to a strong job growth and increased demand for goods and services.
In the local scene, Mr Mwangi said the favorable weather conditions in 2018 contributed to increased production for crops and livestock.