Economic Survey 1962

Abstract

The stresses to which the economy was subjected in 1960 in the wake of political developments continued undiminished in 1961 and to them were added successively the natural disasters of drought and flood. The national income estimates bring out vividly the effects of these events, since for the first time since such estimates were started in Kenya the gross domestic product at current prices failed to show any appreciable increase. In part, this result arose from disastrous weather conditions which reduced the estimated value of subsistence agriculture, but the increase in output in the recorded monetary sector amounted to only 1.5 per cent.