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Home Africa

Kenya reports 10% 3rd quarter GDP growth

by Diplomatic Info
January 8, 2022
in Africa
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Kenya reports 10% 3rd quarter GDP growth
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NAIROBI, Kenya: Kenya’s real GDP grew by 9.9 percent in the third quarter of 2021 due to the easing of COVID-19 restrictions, according to National Treasury Cabinet Secretary Ukur Yatani.

Making the announcement on New Year’s Eve, Yatani said, “Economic recovery from the effects of the COVID-19 pandemic continued in the third quarter of 2021 as a result of the easing of containment measures.”

The growth comes after an earlier second quarter growth of 10.1 percent in real GDP.

“The easing of containment measures saw a rebound in growth led by the education, accommodation and food serving activities, transportation and storage, manufacturing and insurance activities,” Yatani added.

He also reaffirmed the government’s commitment to the ongoing economic recovery efforts, stating, “The 9.9 percent real GDP growth is a 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.”

The results can be found in the Quarterly Gross Domestic Product Report by the Kenya National Bureau of Statistics, which also highlighted seven key sectors, including agriculture, forestry and fishing, manufacturing, construction, electricity supply, transportation and storage; accommodation and food service activities and financial and insurance activities.

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