Kenya’s economy grew by 4.7 percent in the third quarter of 2022, compared to 9.3 percent in the same quarter of 2021, according to the most recent data from the Kenya National Bureau of Statistics (KNBS).
According to the Quarterly Gross Domestic Product Report, most sectors experienced decelerated growth between July and September as a result of the significantly high growth rates recorded in the third quarter of 2021, which represented recovery from the impact of the Covid-19 pandemic.
“The agriculture sector recorded a contraction of 0.6 per cent in the quarter under review compared to a growth of 0.6 per cent recorded in the corresponding quarter of 2021,” the KNBS report said.
According to the statistics agency, the agricultural sector’s performance slowed primarily due to unfavorable weather conditions in the first three quarters of 2022.
Furthermore, the manufacturing sector grew by 2.4% in the third quarter of 2022, compared to 10.2% in the same period of 2021.
KNBS noted that increases in sugar production, coffee processing, and automobile assembly aided the manufacturing sector’s expansion.
According to the statistics agency, increased activity in the railway, road, and water transport segments aided transport sector expansion.
“The number of passengers transported via Standard Gauge Railway (SGR) rose by 2.6 percent from 600,070 passengers in the third quarter of 2021 to 615,760 passengers in the period under review,” it said.