GDP From Agriculture in Kenya increased to 477505 Million KES in the second quarter of 2021 from 462296 Million KES in the first quarter of 2021. source: Kenya National Bureau of Statistics. November 29, 2021. Agriculture is the second largest contributor to Kenya's gross domestic product (GDP) after the service sector. Press clippings – Vietnam Ministry of Agriculture – CGIAR ... Smallholder farmers and agricultural enterprises … He was keen to learn how the programme will enable him to get higher crop yields for his market in the capital city Nairobi and elsewhere. GDP Nakuru, Kenya, Aug 13 2021 (IPS) - When 33-year-old Kimani Mwaniki, an Irish potato farmer in Elburgon, Nakuru County in Kenya’s Rift Valley, heard about a farmer’s virtual school, he didn’t hesitate to enrol. The Kenyan coastal strip was integrated into the world economy by ancient world trade routes that spanned Africa, Asia and Europe between 70 AD and 1500 AD. • National Treasury expects the economy to grow at 6.4% in 2021, more optimistic than the IMF’s, the World Bank’s and African Development Bank’s forecast of 4.5%, 5.2% and 6.1% respectively. Agriculture is the second largest contributor to Kenya's gross domestic product (GDP) after the service sector. The agricultural sector is the backbone of the economy, contributing approximately 33 percent of Kenya’s Gross Domestic Product (GDP). Line Bar Map. The sector employs more than 40 per cent of the total population and more than 70 per cent of Kenya's rural people. Between January and March 2021, the agriculture contributed to 22.35 percent of the total GDP, an increase by almost one percentage point compared to the same period of 2020. Agriculture is a key activity for Nigeria's economy after oil. services: 47.5% (2017 est.) According to the Cytonn, a Nairobi-based investment firm, Kenya's economy is predicted to grow by between 5.3 and 5.5% in 2018, thanks to the recovery of the agriculture sector along with growth in the tourism and real estate sectors. An online publication claimed that agriculture accounts for 50% of Nigeria’s economy and the economic crisis can be traced to “rampant destruction of farmlands”. A new CABI-led study has sought to set out a framework and method for assessing the performance and responsiveness of an invasive species system. In addition, the sector contributes more than 60 per cent of the total export earnings and about 45 per cent of … That said, Q2’s reading had been flattered by an extremely low base effect, while Q3’s reading came in 1.6% above the same quarter from 2019, indicating a continued improvement in economic activity. Agriculture remains the backbone of Kenya’s economy, directly contributing 30% of the annual Gross Domestic Product (GDP) and another 27% indirect contribution (Economic Survey, 2016). It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog Manufacturing is key sector in Kenya’s economic development, in both its contribution to national output and exports, and for job creation. Total World GDP: $91.98 Tn. GDP growth (annual %) - Kenya. This is in … Agriculture contributes significantly to national food self-sufficiency by accounting for over 90% of total food consumption requirements. The … The other product contribution made by agriculture for the development of the non-agricultural sectors of the economy, especially the secondary sector, is in the form of provision of raw materials. Kenya Agriculture Sheet. Livestock in Kenya accounts for 12% of Kenya’s GDP and 50% of the agriculture labour force.Approximately 70% of Kenya’s livestock is produced by about 10 million pastoralists in the Arid and semi-arid lands (ASALs).These constitute 18 of the 20 poorest counties in Kenya and host the highest number of people living below the poverty line (below USD 1.25 per day) World Bank national accounts data, and OECD National Accounts data files. Kenya Cereals Production. Definition: This entry shows where production takes place in an economy. According to World Bank’s Kenya Economic Update 2019, the contribution of agriculture to real Gross Domestic Product (GDP) growth has decreased over the past five years from about 23.9 percent to 21.9 percent while year-on-year growth has dropped due to the impact of the last drought. Agriculture continues to be the bedrock of the development of our nation and the key to creating equitable and sustainable growth for our people. Representatives from various ministries and institutions active in the … The agriculture orientation index (AOI) for government expenditure – that compares government expenditure for agriculture, fishing and forestry and the sector’s contribution to GDP - registered a modest increase at the global level between 2001 and 2019 - from 0.52 to 0.53. Agriculture remains the backbone of the Kenyan economy, contributing one-third of GDP. Sources: World Bank - WDI Nov. 2014; ADI 2013; FAO - Production Statistics Aug. 2014; Food Balance Sheets 2014. The agricultural sector is the backbone of the economy, contributing approximately 33 percent of Kenya’s Gross Domestic Product (GDP). The agriculture sector employs more than 40 percent of the total population and 70 percent of the rural population. License : CC BY-4.0. More than 75 percent of Kenyans make some part of their living in agriculture, and the sector accounts for more than a fourth of Kenya’s gross domestic product (GDP). 2030 and 2050, respectively.6 Gross Domestic Product (GDP) in 2018 was US$95.5 billion and the economic annual growth rate 5.4% (2019).7 Kenya had continued to implement significant economic and structural reforms, which have helped to sustain economic growth and political gains over the past decade. Contribution to National Income: The lessons drawn from the economic history of many advanced countries tell us that agricultural prosperity contributed considerably in … Agriculture is key to Kenya's economy, contributing 26 per cent of the Gross Domestic Product (GDP) and another 27 per cent of GDP indirectly through linkages with other sectors. Africa comprises 54 countries, with over 1,3 billion people, producing $2.2 trillion in nominal GDP. Agriculture is a fundamental part of Kenya’s economy, directly contributing 25% of the total gross domestic product (GDP) and another 27% indirectly through linkages to other sectors such as Economic growth ebbed slightly in the third quarter, with GDP increasing 1.7% on a seasonally-adjusted quarter-on-quarter basis (Q2: +1.8% s.a. qoq). The GDP value of Japan represents 4.40 percent of the world economy. GDP From Agriculture in Uganda increased to 6974.10 UGX Billion in the second quarter of 2021 from 5843.66 UGX Billion in the first quarter of 2021. source: Uganda Bureau of Statistics GDP From Agriculture in Uganda averaged 4816.11 UGX Billion from 2008 until 2021, reaching an all time high of 10201.87 UGX Billion in the third quarter of 2020 and a record low of 1994.51 UGX … Domestic demand is subdued while external demand has neither helped nor hurt growth. GDP Ranked by Country 2021. Gross domestic product 2020 (millions of Ranking Economy US dollars) ... KEN 64 Kenya 98,843 ECU 65 Ecuador 98,808 ... 1 July 2021 1. About 75% of Kenya’s population of roughly 48.5 million work at least part-time in the agricultural sector, including livestock and pastoral activities. CGIAR on Vietnam Economy Newspaper (special issue on CGIAR published on 6 December 2021): Để nông nghiệp phát triển bền vững cần nhiều hợp tác quốc tế (Sustainale agricultural development requires further international collaboration) G20 GDP growth accelerates in the third quarter of 2021 . Over 75% of agricultural output is from small-scale, rain-fed farming or livestock production. This is largely due to the climate-sensitive nature of Kenya’s economy with the agriculture, water, energy, tourism, and wildlife sectors being of upmost importance. Kenya Economic Outlook. AGRICULTURE AND FOOD SECURITY Kenya has the largest, most diversified economy in East Africa with agriculture being the backbone and central to the country’s development strategy. Gross domestic product (GDP) is estimated to have grown by 0.1% in October 2021 and is 0.5% below its pre-coronavirus (COVID-19) pandemic level (February 2020). At its final meeting of the year on 29 November, the Monetary Policy Committee of Kenya’s Central Bank decided to leave its key rate unchanged at 7.00%, marking the 11th consecutive hold. The sector employs about 50% of the agricultural labour force. In 2005, agriculture, including forestry and fishing, accounted for 24% of GDP, as well as for 18% of wage employment and 50% of revenue from exports. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Sources: World Bank - WDI Nov. 2014; ADI 2013; FAO - Production Statistics Aug. 2014; Food Balance Sheets 2014. 22 November 2021 - 04:00. image unavailable. Italy: gross domestic product (GDP) per capita in PPS 2005-2017 GDP composition of Shanxi China 2010-2018, by industry Quarterly GDP growth rate in Kenya 2016-2020 And, in the past year, these challenges have been exacerbated by the COVID-19 pandemic. Kenya FAO STAT - Economic Indicators. Home - Kenya National Bureau of Statistics, Nairobi, Kenya. Kenya’s economy has been hurt by the COVID–19 pandemic. These include the development of Special Economic Zones, industrial parks and clusters, and niche products. The contribution of the agriculture sector to Malaysia's GDP in 2020 is 7.4 per cent. Water Resources and Irrigation & Agriculture production and trade. The sector is therefore critical in creating employment and uplifting the living standards of the Kenyan people. Agricultural land per 100 people in agriculture 112 ha Agricultural population density on agricultural land 88.9 persons/sqkm GDP1 10,098 million US$ GDP annual growth rate (1990-2000) 1.8 % GDP per capita/year1 322 US$ GDP per capita annual growth rate (1990-2000) -0.6 % Agriculture, GDP 2,594 million US$ As proportion of total GDP 25.7 % Its contribution to gross domestic product was also logged at -0.2% for the whole year, the lowest negative growth among sectors. I am pleased to join the statistics fraternity in this year’s celebration of the African Statistics Day. Kenya’s economy is now picking up speed after the COVID-19 shock, but the pandemic has left deep imprints on the country’s fiscal and debt positions. Kenya GDP contracted by 0.3pc in 2020, hit by the economic fallout of Covid-19, compared to 5pc growth in 2019. Highlights on the Second Quarter GDP (April - June) 2021. Kenya FAO STAT - Economic Indicators. This is a significant breakthrough comparing with 2017 and 4.7%. But its latest report, prepared with help from the World Bank, does. However, in its East Africa Economic Outlook 2021 report, the AfDB estimates that Tanzania’s GDP will grow by 2.8% in 2021, and projecting a strong rebound for 2022 and 2023 with 4.9% and 6.3% economic growth respectively. The 19 th Kenya Economic Update, Unbundling the Slack in Private Investment, says agriculture is a major driver of growth for the Kenyan economy and is the dominant source of employment. The 2018 EICV5 shows that 63% of working females are in agriculture- related occupations compared to 43% among working males. In 2005, agriculture, including forestry and fishing, accounted for 24% of GDP, as well as for 18% of wage employment and 50% of revenue from exports. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog 14 Sep 2021: 2020 Annual Performance Report for FP078: Acumen Resilient Agriculture Fund (ARAF) Acumen FP078: Annual Performance Report : 03 Sep 2021: 2020 Annual Performance Report for FP103: Promotion of Climate-Friendly Cooking: Kenya and Senegal GIZ FP103: Annual Performance Report : 26 Aug 2021 We rated this claim as incorrect after data from the national statistics office showed that agriculture contributed 26.21% in 2020. Display # 5 10 15 20 25 30 50 100 All. Kenya FAO STAT -Water resources & Agriculture …. It is the largest contributor to Gross Domestic Production (GDP) (average 38% in the last 8years). KENYA – $106.04 Billion GDP: Kenya, an East African country famous for its wide landscapes and animals, is one of Africa’s richest country, with a GDP of over $100 billion. Statistics from the World Bank indicate that agriculture contribution to GDP has gone down from 22.9 percent in sub-Saharan Africa to 17.1 percent. The agriculture sector, which has received a slightly bigger share of the budget, remains vital to the country’s economic recovery strategy. In the first half of 2021, the value added by the agriculture sector to the Gross Domestic Product (GDP) in Kenya was measured at some 1,409 billion Kenyan shillings (KSh) (around 12.5 billion U.S. GDP helps to provide a snapshot of a country’s economy and can be calculated using expenditures, production, or incomes. Highlights on the First Quarter GDP 2021. Kenya’s real Gross Domestic Product (GDP) is estimated to have contracted by 0.3 percent in 2020 compared to a growth of 5.0 percent in 2019 based on the Economic Survey, 2021. The publication which covers the period between 2013 and 2017 showed that Nairobi contributed Kenya’s GDP at 21.7 per cent followed by Nakuru, Kiambu and Mombasa with shares of 6.1, 5.5, and 4.7 per cent, respectively. In October 2021, the Kenya National Bureau of Statistics indicated that the cost of food in Kenya showed an unprecedented increase of 10.6 percent compared with the same month in 2020. Filter. Agricultural and Rural Transformation in Ethiopia Policy Working Paper 01/2020 2 Agriculture reports3 that agriculture contributes 27.5 billion dollars or 34.1% to the GDP, employs some 79% of the population, accounts for 79% of foreign earnings, and is the major sources of raw material and capital for investment and market. Therefore, the role of agriculture for the development of an economy may be stated as below: 1. The principal cash crops are tea, horticultural produce, and coffee. In 2021, there was US$6.7 billion in new IBRD/IDA commitments to agriculture and related sectors and 157 projects helping 9.7 million farmers with agricultural assets and services and 1.3 million farmers adopting improved agricultural technology. Inflation Rate in Kenya averaged 8.97 percent from 2005 until 2021, reaching an all time high of 31.50 percent in May of 2008 and a record low of 3.18 percent in October of 2010. The Sultanate’s economy is forecast to increase by 2.5% and 6.5% in 2021 and 2022, respectively, and the budget approved in 2021 is a positive first step towards reducing the public debt from 71.3% of GDP in 2021 to 58.5% by 2026. Yet, even with its immense contribution to the economy, Kenya’s SMEs are faced with numerous challenges. Agriculture has, for many years, formed the backbone of Kenya's economy: the agriculture sector contributes about 30 per cent of the Gross Domestic Product (GDP) and accounts for 80 per cent of national employment, mainly in the rural areas. Kenya FAO STAT -Water resources & Agriculture …. Download the entire news release (PDF 120KB) 14 Dec 2021 - Gross domestic product (GDP) of the G20 area grew by 1.7% between the second and the third quarter of 2021, up from a moderate quarter-on-quarter growth rate of 0.4% in the second quarter, according to provisional estimates. The industry grew by a stellar 36,2 percent to US$8,19 billion in 2021 and is expected to grow by another 10 percent next year. According to a preliminary reading, GDP growth eased to 11.4% year-on-year in the third quarter, from 41.9% in the second quarter. An Amana Market CSA day at the Karura Forest/FILE. The percentage growth of this sector declined 2.2 per cent from 2.0 per cent in the previous year. Same region. In 2021,Kenya's debt had risen to an absolute amount of US$65B against a GDP of US$101B.The public debt level is thus 65% of GDP as of year 2021. GDP - composition by sector: agriculture: 34.5% (2017 est.) Agriculture in Kenya is large and complex, with a multitude of public, parastatal, non …