Kenya’s GDP grows 7.5% in 2021, fastest in 11 years

Kenya’s gross domestic product (GDP) grew by 7.5 per cent last year, the most significant jump since 2010, data from the Kenya National Bureau of Statistics (KNBS) showed on Thursday.

The expansion is well above the World Bank’s expectations of 5 per cent growth and slightly below the 7.6 per cent set by the IMF.

The country’s economy contracted by 0.3% in 2020 due to Covid 19, which resulted in reduced activities in critical sectors such as the hospitality industry, education, and manufacturing.

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READ; Size of Kenya’s Economy Increases After Authorities Rebase GDP