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    Kenya Economy - 1990

      Overview: A serious underlying economic problem is Kenya's 3.8% annual population growth rate--one of the highest in the world. In the meantime, GDP growth in the near term has kept slightly ahead of population--annually averaging 5.2% in the 1986-88 period. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector.

      GDP: $8.5 billion, per capita $360; real growth rate 4.9% (1989 est.)

      Inflation rate (consumer prices): 8.3% (1988)

      Unemployment rate: NA%, but there is a high level of unemployment and underemployment

      Budget: revenues $2.3 billion; expenditures $2.6 billion, including capital expenditures of $0.71 billion (FY87)

      Exports: $1.0 billion (f.o.b., 1988); commodities--coffee 20%, tea 18%, manufactures 15%, petroleum products 10% (1987); partners--Western Europe 45%, Africa 22%, Far East 10%, US 4%, Middle East 3% (1987)

      Imports: $1.8 billion (f.o.b., 1988); commodities--machinery and transportation equipment 36%, raw materials 33%, fuels and lubricants 20%, food and consumer goods 11% (1987); partners--Western Europe 49%, Far East 20%, Middle East 19%, US 7% (1987)

      External debt: $6.2 billion (December 1989 est.)

      Industrial production: growth rate 4.8% (1987 est.)

      Electricity: 587,000 kW capacity; 2,250 million kWh produced, 90 kWh per capita (1989)

      Industries: small-scale consumer goods (plastic, furniture, batteries, textiles, soap, cigarettes, flour), agricultural processing, oil refining, cement, tourism

      Agriculture: most important sector, accounting for 30% of GDP, about 80% of the work force, and over 50% of exports; cash crops--coffee, tea, sisal, pineapple; food products--corn, wheat, sugarcane, fruit, vegetables, dairy products; food output not keeping pace with population growth

      Illicit drugs: illicit producer of cannabis used mostly for domestic consumption; widespread cultivation of cannabis and qat on small plots; transit country for heroin and methaqualone en route from Southwest Asia to West Africa, Western Europe, and the US

      Aid: US commitments, including Ex-Im (FY70-88), $771 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $6.0 billion; OPEC bilateral aid (1979-89), $74 million; Communist countries (1970-88), $83 million

      Currency: Kenyan shilling (plural--shillings); 1 Kenyan shilling (KSh) = 100 cents

      Exchange rates: Kenyan shillings (KSh) per US$1--21.749 (December 1989), 20.572 (1989), 17.747 (1988), 16.454 (1987), 16.226 (1986), 16.432 (1985)

      Fiscal year: 1 July-30 June

      NOTE: The information regarding Kenya on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kenya Economy 1990 information contained here. All suggestions for corrections of any errors about Kenya Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)