Sustainable Social Economic Empowerment
Economic Growth
ā Kenya's economy recorded a rebound in several sectors in the
2H 2021 compared to 2H 2020.
REAL GDP GROWTH RATE, %
Q1 2020
Q2 2020
Q1 2021
Q2 2021
1H 2020
1H 2021
Agriculture
4.3
4.9
-0.1
-0.9
4.6
-0.5
Industry
4.8
-0.3
4.4
8.5
2.2
6.4
Manufacturing
2.2
-4.7
1.5
9.6
-1.3
5.6
Electricity and Water Supply
1.5
-4.7
2.0
5.2
-1.6
3.6
Construction
10.4
8.2
7.9
6.5
9.3
7.2
Services
4.2
-7.1
2.2
16.8
-1.5
9.5
Wholesale and Retail Trade
4.9
-4.2
7.4
9.5
0.3
8.4
Accommodation and Restaurants
-8.1
-56.8
-48.8
9.1
-32.4
-19.8
Transport & storage
2.2
-16.8
-8.7
16.9
-7.3
4.1
Information & Comm
5.6
2.6
16.1
25.2
4.1
Financial and Insurance
7.5
4.4
9.4
9.9
6.0
Real Estate
5.4
4.6
4.5
4.9
5.0
9.7
4.7
Education
1.8
-22.4
10.0
67.6
-10.3
38.8
Health
7.4
9.8
9.1
10.0
8.6
9.6
Overall Real GDP Growth
4.4
-4.7
0.7
10.1
-0.2
5.4
BANK
GBT
The easing of COVID-19 mitigation measures,
especially in Q2 2021 drove up economic activity
in education, trade, manufacturing, ICT and
transport.
In the remainder of 2021, we expect continued
recovery across most sectors and regular
Government payments to support this gradual
growth.
20.7 However, current drought and delayed onset of the
short rains poses risk to agricultural output and
exports while the early onset of elections
campaigns is unwelcomed.View entire presentation