Kenya's Q3 GDP growth slows on weak construction, mining sectors

Kenya's Q3 GDP growth slows on weak construction, mining sectors

Kenya's economic growth slowed in the third quarter of 2024 from the same period a year earlier due to underperformance in most sectors of the economy, the statistics office said on Tuesday.

Kenya’s Economy Grows by 4% in Q3 2024, Slowest Since 2021

Kenya’s economy expanded by 4% in the third quarter of 2024, marking the slowest growth rate since early 2021. This is a notable decline from the 4.6% growth recorded in the previous quarter and a sharp drop from the 6% growth during the same period in 2023. The figure also fell short of the central … The post Kenya’s Economy Grows by 4% in Q3 2024, the Slowest Pace Since Early 2021 first appeared on Metropol Digital.

Kenya's GDP growth slows in Q3 of 2024

Kenya’s economic growth slowed in the third quarter of 2024 from the same period a year earlier due to under-performance in most sectors of the economy, the statistics office said. The economy grew 4% year-on-year from 6% in the same quarter the previous year, the Kenya National Bureau of Statistics said in a statement. “The …

Kenya posts slowest Q3 economic growth since Covid pandemic

Kenya's economy grew by four percent in the three months to September 2024

Kenya’s GDP Growth Slows to 4% in Q3 2024 - Nairobi Wire

Kenya’s economy grew by 4% in the third quarter of 2024, a decline from the 6% growth recorded in Q3 2023, according to the Kenya National Bureau of Statistics (KNBS). The latest Gross Domestic Product (GDP) report revealed that contractions in key sectors contributed to the slowdown. Mining and quarrying experienced a sharp decline of 11.1%, while the construction sector contracted by 2%. Despite these challenges, other sectors showed resilienc…

The GDP of Kenya has Underperformed in Q3 due to Slow Growth in Pivotal Sectors

From the given information of African Development Bank Group, the economic growth of Kenya has been growing consistently since 2022. The given statistics state that in 2022 the percentage of economic growth is 4.8 and in 2023 it surpassed to 5.2%. Whereas, the impact of inflation has also become higher in percentage. On Tuesday, the...