This archive report was first published on 3 January 2020.
Kenya's economy has been experiencing a decline in growth since March 2018, with the third quarter of 2019 being the lowest at 5.1%.
According to the Kenya National Bureau of Statistics, the decline was attributed to low agricultural output caused by drought and a slowdown in most sectors.
The agriculture, forestry, and fisheries sector, which contributes roughly a third of Kenya's GDP, experienced a significant decline in growth, dropping to 3.2% in the third quarter from 6.9% in the same period in 2018.
The country also recorded a decline in the production of key commodities such as tea and sugarcane, with vegetable exports dropping by 28% and fruit exports dipping by 11.3% in the three months period.
On a positive note, Kenya's Current Account Deficit narrowed to KSh 101 billion in the third quarter from KSh 107.6 billion in the previous quarter, with exports declining by 0.1% to KSh147.5 billion and imports falling by 8.5% to KSh 384.8 billion.
