Reforms to make the investment climate conducive to domestic and foreign investment should extend to the credit market, particularly to enhance access for small and medium enterprises.Kenya’s economic transformation faces challenges in manufacturing, agriculture, the labor market, and macroeconomic stability. The Kenya National Bureau of Statistics has released the 2019 Economic Survey report which highlights the country’s economic performance for the year 2018. Kenya National Revenue (Ksh Million) Population Density (Persons per Sq. National Government Outstanding Debt by Source - KSh Million Kenya Economic Survey 2019 The Kenya National Bureau of Statistics has released the 2019 Economic Survey report which highlights the country’s economic performance for the year 2018.
2014 – 2018 Enrolment in Secondary Schools by Class and Sex, 2014 – 2018 The countries with the highest economic growth are Ethiopia, Rwanda, Tanzania, Kenya, and Djibouti. Kenya’s economic growth has not been inclusive enough: poverty fell to 36% in 2015/16 from 46% in 2005/6. Given the youth bulge, the supply of labor is large, but skills and entrepreneurial activity are limited. The fiscal deficit is estimated at 7.5% of GDP in 2019, down from 8.8% in 2017, thanks to ongoing fiscal consolidation and greater domestic resources mobilization. Manufacturing’s share in GDP has remained at 9% for more than a decade, and manufacturing value added is only 5% of GDP. The report has three key messages. The envisioned structural change depends on quickly transitioning to growth led by the private sector, not the public sector. African regions. Economic growth is pro-jected to remain strong, at 5.9 percent in 2019 and 6.1percent in 2020. Acts as the principal agency of the government for collecting, analyzing and disseminating statistical data in Kenya
Public debt rose to 58% of GDP in 2019, up from 41% in 2013, and became more nonconcessional (67%) than concessional (33%).More of it is held externally (16% of GDP) than domestically (9% of GDP), but the domestic share is increasing. Kenya Primary school enrolment (% gross) Budget Expenditure - Ksh Million 2015/16 to 2018/19
The debt creates risks for refinancing, cost escalation, and foreign exchange. While economic activity faltered following the 2008 global economic recession, growth resumed in the last five years reaching 5.7% in 2019 placing Kenya as one of the fastest growing economies in Sub-Saharan Africa. The bottom income quintile receives only 4% of income.Real GDP is projected to grow 6% in 2020 and 6.2% in 2021. First, the Kenyan economy is on a rebound in 2018. The report shows the economy has expanded by 6.3%, compared to 4.9% in 2017. Macroeconomic stability is expected to continue.
Fourfifths of workers are in the informal economy, and 9.3% of the workforce are unemployed. National Government Debt Servicing KSh Million Pentavalent Vaccine Third Dose Immunization Coverage for Infants, 2014-2018 At 5.2%, inflation remains within the central bank’s 5 ± 2.5% target band.The exchange rate remained stable due to the narrowing current account deficit, from 5.0% of GDP in 2018 to 4.9% in 2019 thanks to increased transfers. Informality and unemployment remain high. Tax Revenue (KSh Million) 2014/15 to 2018/19 Inflation, around 5% in 2020 and 2021, is expected to remain within the target range, and the fiscal deficit will narrow in 2020 and 2021.
A 2019 survey published by the Kenya National Bureau of Statistics. …
Edition of the Kenya Economic Update seeks to contribute to this discussion. Because of expected liquidity challenges, the IMF elevated Kenya’s debt stress rating from low to moderate in 2018. The Kenya National Bureau of Statistics has released the 2019 Economic Survey report which highlights the country’s economic performance for the year 2018. Recurrent Revenue and Grants 2014/15 to... Investment has been low in sectors with greater capacity to absorb labor. The report shows the economy has expanded by 6.3%, compared to 4.9% in 2017.The Survey has other information spanning Kenya's economy such as employment statistics, public finance, agriculture, education, energy, manufacturing and more. Macroeconomic performance and outlook Real GDP grew by an estimated 5.9% in 2019, driven by household consumption and investment on the demand side and services on the supply side (such as public administration, information technology, finance and insurance, and transport and storage).