Economy - overview:
Although the regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. The IMF, which had resumed loans in 2000 to help Kenya through a drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. In the key December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. After some early progress in rooting out corruption and encouraging donor support, the KIBAKI government was rocked by high-level graft scandals in 2005 and 2006. In 2006, the World Bank and IMF delayed loans pending action by the government on corruption. The international financial institutions and donors have since resumed lending, despite little action on the government's part to deal with corruption. Post-election violence in early 2008, coupled with the effects of the global financial crisis on remittance and exports, reduced GDP growth to 1.7 in 2008, but the economy rebounded in 2009-10.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: The information regarding Kenya on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kenya Economy 2011 information contained here. All suggestions for corrections of any errors about Kenya Economy 2011 should be addressed to the CIA.
$65.95 billion (2010 est.)
country comparison to the world: 82
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$32.42 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
4% (2010 est.)
country comparison to the world: 81
[see also: GDP - real growth rate country ranks ]
$1,600 (2010 est.)
country comparison to the world: 201
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 22%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
16%
[see also: GDP - composition by sector - industry country ranks ]
services:
62% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
17.94 million (2009 est.)
country comparison to the world: 33
[see also: Labor force country ranks ]
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services:
25% (2007 est.)
40% (2008 est.)
country comparison to the world: 188
[see also: Unemployment rate country ranks ]
50% (2000 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
37.8% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
42.5 (2008 est.)
country comparison to the world: 51
[see also: Distribution of family income - Gini index country ranks ]
21.3% of GDP (2009 est.)
country comparison to the world: 71
[see also: Investment (gross fixed) country ranks ]
revenues: $7.017 billion
[see also: Budget - revenues country ranks ]
expenditures:
$9.045 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
50.9% of GDP (2010 est.)
country comparison to the world: 49
[see also: Public debt country ranks ]
4.2% (2010 est.)
country comparison to the world: 123
[see also: Inflation rate (consumer prices) country ranks ]
NA%
[see also: Central bank discount rate country ranks ]
14.8% (31 December 2009 est.)
country comparison to the world: 54
[see also: Commercial bank prime lending rate country ranks ]
$6.333 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$15.38 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$14.11 billion (31 December 2010 est.)
country comparison to the world: 87
[see also: Stock of domestic credit country ranks ]
$10.76 billion (31 December 2009)
country comparison to the world: 67
[see also: Market value of publicly traded shares country ranks ]
tea, coffee, corn, wheat, sugarcane, fruit, vegetables; dairy products, beef, pork, poultry, eggs
small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminum, steel, lead; cement, commercial ship repair, tourism
4% (2009 est.)
country comparison to the world: 84
[see also: Industrial production growth rate country ranks ]
5.223 billion kWh (2008 est.)
country comparison to the world: 113
[see also: Electricity - production country ranks ]
4.863 billion kWh (2008 est.)
country comparison to the world: 108
[see also: Electricity - consumption country ranks ]
58.3 million kWh (2007 est.)
[see also: Electricity - exports country ranks ]
22.5 million kWh (2007 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2008 est.)
country comparison to the world: 161
[see also: Oil - production country ranks ]
76,000 bbl/day (2009 est.)
country comparison to the world: 88
[see also: Oil - consumption country ranks ]
7,270 bbl/day (2007 est.)
country comparison to the world: 99
[see also: Oil - exports country ranks ]
80,530 bbl/day (2007 est.)
country comparison to the world: 73
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 166
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 173
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 126
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 82
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 158
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 160
[see also: Natural gas - proved reserves country ranks ]
-$1.414 billion (2010 est.)
country comparison to the world: 148
[see also: Current account balance country ranks ]
$5.141 billion (2010 est.)
country comparison to the world: 108
[see also: Exports country ranks ]
tea, horticultural products, coffee, petroleum products, fish, cement
UK 11.31%, Netherlands 9.81%, Uganda 9.07%, Tanzania 8.83%, US 5.93%, Pakistan 5.63% (2009)
$10.4 billion (2010 est.)
country comparison to the world: 88
[see also: Imports country ranks ]
machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics
India 11.67%, China 10.58%, UAE 9.32%, South Africa 8.36%, Saudi Arabia 6.53%, US 6.25%, Japan 5.1% (2009)
$4.585 billion (31 December 2010 est.)
country comparison to the world: 68
[see also: Reserves of foreign exchange and gold country ranks ]
$7.935 billion (31 December 2010 est.)
country comparison to the world: 92
[see also: Debt - external country ranks ]
$2.337 billion (31 December 2010 est.)
country comparison to the world: 85
[see also: Stock of direct foreign investment - at home country ranks ]
$338 million (31 December 2010 est.)
country comparison to the world: 76
[see also: Stock of direct foreign investment - abroad country ranks ]
Kenyan shillings (KES) per US dollar - 79.217 (2010), 77.35 (2009), 68.358 (2008), 68.309 (2007), 72.101 (2006)
This page was last modified 09-Feb-11