Commerce

Kenya’s economy has grown by 155% since 2013 – Ukur Yattani

Thursday, April 7th, 2022 16:40 | By
Treasury CS Ukur Yattani
Treasury CS Ukur Yattani. PHOTO/File
Treasury CS Ukur Yattani

The National Treasury Cabinet Secretary Ukur Yattani has said Kenya's economy has grown by 155 per cent since 2013.

While reading the 2022/2023 Budget in Parliament on Thursday, Yattani attributed the growth to increased macro-economic activities.

"Looking back since 2013 when the current government took reign of power, Kenya has achieved monumental milestones, especially at the macro-economic level.

"For instance, the economy has grown by 155 per cent from the value of Ksh5.3 trillion in 2013 to Ksh13.5 trillion in 2022," Yattani told Parliament.

Yattani also said the economy has grown strongly with an average of 4.6 per cent since 2013.

The CS also said 5.2 million jobs have been created in both formal and informal sectors in Jubilee's second term.

The Treasury boss further said the country's per capita has grown from Ksh127,000 in 2013 to Ksh244,000 in 2021, translating to an increase of 92.1 per cent.

"Implementation of socio-economic policies and structural reforms have seen Kenya graduate from a low income to a middle-income country with an estimated per capita income of Ksh244,000 in 2021, a significant leap of 92.1 per cent from Ksh127,000 in 2013," Yattani added.

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