Economy of Kenya
Population: 51.39 M (2018)
GDP per Capita: 1,711 USD (2018)
87,910 M.

GDP USD

(2018)

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11,580 M.

EXPORTS USD

(2018)

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20,220 M.

IMPORTS USD

(2018)

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57.00 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.32 % (2018)
GDP of 2010 USD USD 61.80 B. (2018)
GDP Current USD USD 87.91 B. (2018)
GDP per Capita Current USD USD 1,711 (2018)
GDP per capita, PPP USD 3,077 (2018)
GDP per Capita, 2010 USD USD 1,202 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 12.91 % (2018)
Government Spending USD 11.35 B. (2018)
Government Debt % GDP 57.00 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 102.19 (2018)
Trade Openness 36.18 % (2018)
Exports of Goods and Services % GDP 13.18 % (2018)
Exports Goods & Services USD 11.58 B. (2018)
Exports Annual Growth 4.04 % (2018)
Imports as % GDP 23.01 % (2018)
Total Imports USD 20.22 B. (2018)
Foreign Direct Investment % GDP 1.85 % (2018)
Foreign Direct Investment USD 1.63 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -9.83 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 8.20 B. (2018)
Remittances % GDP 3.09 % (2018)
Remittances USD 1,962 M. (2017)
Balance of Payments USD 66 M. (2017)

Labor Market

Indicator Value
Labor Force 21.19 M. (2019)
Unemployment Rate 9.31 % (2019)
Unemployment Rate Females 2.80 % (2019)
Unemployment Rate Males 2.49 % (2019)
Youth Unemployment (ages 15-24) 18.34 % (2019)
Labor Force Participation Rate 66.29 % (2019)
Labor Force (Percent Female) 49.04 % (2019)
Female Labor Force Participation Rate 63.58 % (2019)
Male Labor Force Participation Rate 69.08 % (2019)
Dependent People 72.78 % (2018)

Agriculture Sector

Indicator Value
Forest Area 7.80 % (2016)
Forest Area km² 44,496 km² (2016)
Agricultural Land 48.55 % (2016)
Agricultural Land km² 276,300 km² (2016)
Employment 57.03 % (2019)
Value added % GDP 34.19 % (2018)
Agriculture Value added USD 30.06 B. (2018)
Crop Production Index 129.00 (2016)
Precipitation 630 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 1,474 kg/hectare (2017)
Food production index 126 (2016)
Rural Population 73 % (2018)
Fertilizer use of Arable Land 38 kg/hectare (2016)
Livestock Production Index 122 (2016)
Economy of Kenya

According to the World Bank and its latest published data, the economy of the Kenya presents a growth rate of 6.32 % (2018) to the previous year.

With a population that reaches 51.39 M (2018) and a gross domestic product of USD 87.91 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,711 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Kenya also has a workforce of 21.19 M. (2019) with an unemployment rate of 9.31 % (2019), where women represent 2.80 % (2019) and men 2.49 % (2019), the unemployment rate for young people between 15-24 years old stood at 18.34 % (2019). The total number of dependent people stands at 72.78 % (2018).

The central government spent 12.91 % (2018) of its gross domestic product that year, which in absolute terms is USD 11.35 B. (2018). Its consolidated public debt reached 57.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Kenya exported USD 11.58 B. (2018), which represents 13.18 % (2018) of its gross domestic product, in that same sense its imports reached USD 20.22 B. (2018) with a direct foreign investment of USD 1.63 B. (2018).

Kenya has a forest area of 44,496 km² (2016), which represents 7.80 % (2016) of its total area, an average rainfall of 630 mm (2014) per year and a population of 73 % (2018) living in rural areas. With a total area of 276,300 km² (2016) available for agriculture and 57.03 % (2019) of its employments, the agricultural sector contributes to the economy of the Kenya about USD 30.06 B. (2018) (34.19 % (2018) of its GDP).