Kenya’s economic growth slowed to 4 per cent in the third quarter of 2024 compared to 6 per cent growth recorded in the same quarter a year before.
According to the quarterly Gross Domestic Product (GDP) — Third Quarter 2024 report by the Kenya National Bureau of Statistics (KNBS), the slowdown was largely due to a general decline in growth in most sectors of the economy.
While construction activities contracted 2 per cent, mining and quarrying shrank 11.1 per cent. Click here to support our work
Growth was seen in the agriculture sector, forestry and fishing, transportation and storage activities, financial and insurance activities, real estate activities, wholesale and retail activities and accommodation and food service activities prevented a further decline in the economy.
“The decelerated growth was largely due to a general decline in growth in most sectors of the economy. The growth was constrained by contractions in construction and mining and quarrying activities,” KNBS said in a statement issued on Tuesday, December 7, 2025.
