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The agriculture sector, which accounts for about 25% of Kenya’s GDP, grew by 7.5% in Q2, up from 6.3% in the same period in 2022. The growth was attributed to increased production of tea, coffee, and maize.
Kenya’s economy grew by 6.2% in the second quarter of 2023, the highest rate in two years, according to the Kenya National Bureau of Statistics (KNBS). The growth was driven by a strong performance in the agriculture, tourism, and manufacturing sectors.
The tourism sector, which was hit hard by the COVID-19 pandemic, also rebounded in Q2, growing by 5.2%. The growth was driven by an increase in the number of international and domestic tourists.
The manufacturing sector, which accounts for about 15% of Kenya’s GDP, grew by 4.8% in Q2, up from 4.3% in the same period in 2022. The growth was attributed to increased production of food and beverages, textiles, and chemicals.
The KNBS said the overall economic growth in Q2 was higher than the 5.8% growth recorded in the same period in 2022. The bureau attributed the higher growth to the government’s economic recovery measures, which have helped to boost business activity and consumer spending.
The KNBS also said the economic outlook for the rest of the year is positive, with growth expected to remain strong. The bureau said the government’s continued investment in infrastructure and the ongoing recovery in the tourism sector are expected to support economic growth.
However, the KNBS also warned that there are some risks to the economic outlook, including the ongoing war in Ukraine, which is causing high fuel and food prices, and the rising cost of living.
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