<< Click to Display Table of Contents >> Navigation:  Finance and Economic Planning > CBROP > 2018-19 FY CBROP > Growth Prospects

Kenya’s economy grew by 4.9% for the year 2017, despite a growth projection of 6%. The growth is projected to grow by an average of 6.1% between 2016 and 2020. This can be realized, supported by strong public investments in infrastructure, a dynamic services sector and favorable demographics.

Growth will be augmented by production in  agriculture  following  receipt of  adequate  rains and favourable climatic conditions,  value  addition  in  agriculture,  completion  of  key  infrastructure projects  and  other  initiatives  geared  towards  exports promotion.

Over the medium term, growth is projected to increase by more than 7.0 percent due to investments in strategic areas under “The Big Four” Plan, namely: increasing the share of manufacturing sector to GDP; ensuring all citizens enjoy food security and improved nutrition by 2022; expanding universal health coverage; and delivering at least five hundred thousand (500,000) affordable housing units. These efforts will support the business environment, create jobs and ultimately promote broad based inclusive growth.

Growth and stability in macroeconomic variables will also impact the county. They ensure that county operates in a stable economic environment and realize sustainable economic growth.