Kenya's economy rebounds to 7.5 pct in 2021 despite COVID-19-Xinhua

Kenya's economy rebounds to 7.5 pct in 2021 despite COVID-19

Source: Xinhua| 2022-05-06 18:23:45|Editor: huaxia

NAIROBI, May 6 (Xinhua) -- Kenya's economy rebounded from the crippling effects of the COVID-19 pandemic to an estimated 7.5 percent in 2021 from a contraction of 0.3 percent in 2020, the national statistics bureau said on Thursday.

The Kenya National Bureau of Statistics (KNBS) said in the 2022 Economic Survey that the economic recovery was mainly driven by the resumption of most economic activities after the lifting of the COVID-19 containment measures instituted in 2020 to curb the spread of the virus.

"In 2021, all economic activities registered positive growth except agriculture, forestry and fishing which contracted by 0.2 percent," the bureau said during the launch of the annual survey.

According to the survey, the accommodation and education sectors grew faster than the sectors that were less affected by the COVID-19 pandemic.

The report notes that the growth in 2021 was supported by improved performances in key sectors of the economy including manufacturing, wholesale and retail trade, real estate, transportation and storage and financial sector activities.

The statistics bureau noted that the dry weather conditions that characterized the better part of 2021 adversely affected the agricultural production, especially growing of key crops such as maize, beans and vegetables, leading to a contracting in its growth during the review period.