Kenya’s economy grew by 4.8 percent in 2022, a slower pace than 7.6 percent recorded the previous year, the statistics office has said.
The Kenya National Bureau of Statistics (KNBS) released the Economic Survey 2022 Wednesday, detailing how various sectors and jobs market performed.
Most sectors recorded decelerated growth compared to 2021, with agriculture and manufacturing contracting in the period.
“2022 was marked by many negative shocks from the supply side. The persistent shocks which are still present, created permanent negative effects impacting economic activity and the cost of living,” Kenya’s Treasury Cabinet Secretary Njuguna Ndung’u said.
“The economic survey will inform a raft of measures on policy reforms to support economic activity and address the cost-of-living concerns,” he added.
Agriculture contracted for the second consecutive year by -1.9 percent compared to -0.3 percent in 2021. Agriculture’s contribution to GDP dropped from 22.4 percent to 21.2 percent.
The volume of petroleum products imported increased by 7.6 percent.
Manufacturing contracted to -2.7 percent from 7.3 percent the previous year.
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