Kenya’s gross domestic savings as a percentage of GDP fell to 10.3 per cent last year from 11.2 per cent in 2016 as the rising cost of living ate into cash set aside for a rainy day.
Latest statistics by the Treasury show that total domestic savings fell to Sh795.1 billion from Sh807 billion in 2016, even with the GDP growing by 4.9 per cent at the same time to Sh7.75 trillion.
