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Kenya Economy 2011
https://theodora.com/wfb2011/kenya/kenya_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

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):
$65.95 billion (2010 est.)
country comparison to the world: 82

$63.42 billion (2009 est.)
$61.78 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$32.42 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4% (2010 est.)
country comparison to the world: 81

2.6% (2009 est.)
1.7% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,600 (2010 est.)
country comparison to the world: 201

$1,600 (2009 est.)
$1,600 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

Labor force:
17.94 million (2009 est.)
country comparison to the world: 33
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry and services: 25% (2007 est.)

Unemployment rate:
40% (2008 est.)
country comparison to the world: 188

40% (2001 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
50% (2000 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Distribution of family income - Gini index:
42.5 (2008 est.)
country comparison to the world: 51

44.9 (1997)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
21.3% of GDP (2009 est.)
country comparison to the world: 71
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $7.017 billion
[see also: Budget - revenues country ranks ]
expenditures: $9.045 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
50.9% of GDP (2010 est.)
country comparison to the world: 49

46.3% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.2% (2010 est.)
country comparison to the world: 123

9.3% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA%
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
14.8% (31 December 2009 est.)
country comparison to the world: 54

14.02% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$6.333 billion (31 December 2010 est)

$5.717 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$15.38 billion (31 December 2010 est.)

$13.5 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$14.11 billion (31 December 2010 est.)
country comparison to the world: 87

$13.17 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$10.76 billion (31 December 2009)
country comparison to the world: 67

$10.92 billion (31 December 2008)
$13.39 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
tea, coffee, corn, wheat, sugarcane, fruit, vegetables; dairy products, beef, pork, poultry, eggs

Industries:
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

Industrial production growth rate:
4% (2009 est.)
country comparison to the world: 84
[see also: Industrial production growth rate country ranks ]

Electricity - production:
5.223 billion kWh (2008 est.)
country comparison to the world: 113
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.863 billion kWh (2008 est.)
country comparison to the world: 108
[see also: Electricity - consumption country ranks ]

Electricity - exports:
58.3 million kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
22.5 million kWh (2007 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2008 est.)
country comparison to the world: 161
[see also: Oil - production country ranks ]

Oil - consumption:
76,000 bbl/day (2009 est.)
country comparison to the world: 88
[see also: Oil - consumption country ranks ]

Oil - exports:
7,270 bbl/day (2007 est.)
country comparison to the world: 99
[see also: Oil - exports country ranks ]

Oil - imports:
80,530 bbl/day (2007 est.)
country comparison to the world: 73
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 166
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 173
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 126
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 82
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 158
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 160
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.414 billion (2010 est.)
country comparison to the world: 148

-$1.611 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$5.141 billion (2010 est.)
country comparison to the world: 108

$4.459 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
tea, horticultural products, coffee, petroleum products, fish, cement

Exports - partners:
UK 11.31%, Netherlands 9.81%, Uganda 9.07%, Tanzania 8.83%, US 5.93%, Pakistan 5.63% (2009)

Imports:
$10.4 billion (2010 est.)
country comparison to the world: 88

$9.715 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics

Imports - partners:
India 11.67%, China 10.58%, UAE 9.32%, South Africa 8.36%, Saudi Arabia 6.53%, US 6.25%, Japan 5.1% (2009)

Reserves of foreign exchange and gold:
$4.585 billion (31 December 2010 est.)
country comparison to the world: 68

$3.85 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$7.935 billion (31 December 2010 est.)
country comparison to the world: 92

$7.795 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$2.337 billion (31 December 2010 est.)
country comparison to the world: 85

$2.129 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$338 million (31 December 2010 est.)
country comparison to the world: 76

$288 million (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Kenyan shillings (KES) per US dollar - 79.217 (2010), 77.35 (2009), 68.358 (2008), 68.309 (2007), 72.101 (2006)


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.



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