|
<< Click to Display Table of Contents >> Navigation: Finance and Economic Planning > CFSP > 2018-19 FY CFSP > ALIGNING CFSP WITH BUDGET POLICY STATEMENT 201 > National Economic Situation |
The economygrew at an average of 5.5 percent per year in the five years (2013 - 2017) outperforming the average growth rate of 4.7 percent in the period 2008 to 2012. The value of goods and services produced therefore raised the per capita income from Ksh. 104,700 in 2013 to an estimated Ksh. 174,200 in 2017. The economy generated an average of 817,000 new jobs per year in the period 2013 - 2017 up from 656,500 jobs per year in the period 2008-2012.
However, uncertainty associaeeo with elections coipled with Ohe effectscof adverse weather c.nditions slowed down the p rformance of the economy in 2017. As a result, the economy was estimated to grow by 4.8 percent in 2017, which was a slowdown from the esti ated growth o 5.1 percent in thw 2017 Budget Review and Outlook Paper (BROP).