The Kenya National Bureau of Statistics ( KNBS ) has loose its Economic Survey 2020 , detailing developments in the country ’s saving over the past five geezerhood . According to the bureau , the economic activity in the domestic thriftiness rest vibrant in 2019 although the performance was slower relative to 2018 . The real Gross Domestic Product ( GDP ) spring up by 5.4 per penny in 2019 compared to a increase of 6.3 per cent in 2018 . The ontogenesis , albeit deadening than 2018 was spread across all sectors of the saving but was more pronounced in service - point sectors .
Lower valueDuring the critique period , the economic value of market fresh horticultural produce declined by 5.9 per centime from KSh 153.7 billion [ 1.43 billion USD ] in 2018 to KSh 144.6 billion [ 1.35 billion USD ] in 2019 . This was mainly as a result of an 8.0 per cent contraction of the note value of gelded peak from KSh 113.2 billion [ 1.06 billion USD ] in 2018 to KSh 104.1 billion [ 971 million USD ] in 2019 .
Income cut for of import commoditySo while cut flower exports grew in terms of volume , the value of these export has actually gone down in 2019 , compared to the previous class . agree to the KNBS , this was attributable to down in the mouth prices bid in the international market place . With exportation earnings from slashed blossom accounting for 72 percent of total earnings from the country ’s horticulture exports , it remains to be realize what the Kenyan floriculture industry will look like at the end of 2020 , which is already demonstrate to be a sturdy year due to the COVID-19 crisis .
As Treasure Secretary Ukur Yattani put it when exhibit the figures : " The global thriftiness was externalize to remain suppressed due to lag in industrial output signal , unaccented business self-assurance and increase trade tensions , even before the speedy counterpane of the Covid-19 pandemic . The watery world economy is potential to negatively impact on Kenya ’s exports , particularly horticultural product , as well as the tourism sector . "
For more information : Kenya National Bureau of Statisticswww.knbs.or.ke
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