Economic growth rates and projections
Brief Introduction
The Kenya’s economy has reflected a marked growth making its way up the recovery path since 2002. Under the Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC), various reforms have been effected and these have had an overall positive effect on the economy.
In the year 2004 the Real Gross Domestic Product (GDP) computed under the basis of the new System of National Accounts (1993 SNA) expanded by 4.3% compared to 2.8% in 2003. There are particular sectors that recorded immense growth.
The Manufacturing Industry hit 4.1%, Construction industry, 3.5%, Wholesale and Retail Trade, Repairs, 9.5%, Tourism and Hotels, 15.1% and Transport and Communication at 9.7%. The total export earnings rose significantly in 2004 as a result of improved international commodity prices. The export volume recorded a 17.3% growth while the total value of imports grew by 29.6%.
Economic indicators for the first quarter of 2005 showed that the economy performed slightly better compared to the same period in 2004. Against this backdrop and the continual reforms, the economy is expected to grow at between 4.5-5.0% in 2005.
Website: director@cbs.go.keAlso download the National Economic Recovery for Wealth and Employment Creation


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Александр Тетеря said...

Economic growth in Kenya is not very bad. Total revenues grow, so the country is developing. The largest commercial Bank in Kenya is closing its branches in order to upgrade their banking system