Economic Survey: GDP contracts by 0.3pc

The National Treasury Cabinet Secretary Ukur Yatani during the launch of the 2021 Economic Survey Report on September 9, 2021. PHOTO | JEFF ANGOTE | NMG

The Kenya National Bureau of Statistics has released the annual Economic Survey 2021 after a four-month delay.

The report capturing the performance of the economy and the jobs market is usually released in late April or early May, ahead of the budget reading.

However, this year, the statistics agency did not release the data, prompting Parliament to probe the delay.

KNBS had earlier cited the late submission of data by some of the respondents in economic sectors.

Here are highlights of the report as read by Treasury CS Ukur Yatani on Thursday.

• Kenya GDP contracted by 0.3pc in 2020 compared to 5pc growth in 2019.
• GDP jumps to Sh10.75 trillion after rebasing of the economy to 2016 base year from 2009, CS Yatani says.
• The economy is projected to grow by 6pc this year helped by the manufacturing sector.

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