unbekannter Gast

Kenya: Economy#

Kenya hKenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. Low infrastructure investment threatens Kenya's long-term position as the largest East African economy, although the Kenyatta administration has prioritized infrastructure development. International financial lenders and donors remain important to Kenya's economic growth and development. Unemployment is high at around 40%. The country has chronic budget deficits. Inflationary pressures and sharp currency depreciation peaked in early 2012 but have since abated following low global food and fuel prices and monetary interventions by the Central Bank. Recent terrorism in Kenya and the surrounding region threatens Kenya's important tourism industry. Kenya, in conjunction with neighboring Ethiopia and South Sudan, intends to begin construction on a transport corridor and oil pipeline into the port of Lamu in 2014.

Economic Facts#

GDP (purchasing power parity)$79.9 billion (2013 est.)
$76.03 billion (2012 est.)
$72.71 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate5.1% (2013 est.)
4.6% (2012 est.)
4.4% (2011 est.)
GDP - per capita (PPP)$1,800 (2013 est.)
$1,700 (2013 est.)
$1,700 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 29.3%
industry: 17.4%
services: 53.3% (2013 est.)
Population below poverty line43.4% (2012 est.)
Household income or consumption by percentage sharelowest 10%: 1.8%
highest 10%: 37.8% (2005)
Labor force - by occupationagriculture: 75%
industry and services: 25% (2007 est.)
Exports - commoditiestea, horticultural products, coffee, petroleum products, fish, cement
Exports - partnersUganda 10.3%, Tanzania 10%, Netherlands 7.7%, UK 7.2%, US 6.3%, Egypt 4.8%, Democratic Republic of the Congo 4.4% (2012)
Agriculture - productstea, coffee, corn, wheat, sugarcane, fruit, vegetables; dairy products, beef, fish, pork, poultry, eggs
Budgetrevenues: $7.866 billion
expenditures: $9.742 billion (2013 est.)
Imports - commoditiesmachinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics
Imports - partnersIndia 20.9%, China 15.4%, UAE 9.8%, Saudi Arabia 6.9% (2012)
Exchange ratesKenyan shillings (KES) per US dollar -
86.73 (2013 est.)
84.53 (2012 est.)
79.233 (2010 est.)
77.352 (2009)
68.358 (2008)
Exports$6.58 billion (2013 est.)
$6.228 billion (2012 est.)
Debt - external$11.96 billion (31 December 2013 est.)
$11.06 billion (31 December 2012 est.)
Fiscal year1 July - 30 June
Imports$15.86 billion (2013 est.)
$15.1 billion (2011 est.)
Industrial production growth rate5.1% (2013 est.)
Industriessmall-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminum, steel, lead; cement, commercial ship repair, tourism
Inflation rate (consumer prices)5.8% (2013 est.)
9.4% (2012 est.)
Labor force19.67 million (2013 est.)
Unemployment rate40% (2008 est.)
40% (2001 est.)
Distribution of family income - Gini index42.5 (2008 est.)
44.9 (1997)
Public debt53.5% of GDP (2013 est.)
52.5% of GDP (2012 est.)
Current account balance-$4.495 billion (2013 est.)
-$4.31 billion (2012 est.)
Reserves of foreign exchange and gold$5.541 billion (31 December 2013 est.)
$5.712 billion (31 December 2012 est.)
GDP (official exchange rate)$45.31 billion (2013 est.)
Stock of direct foreign investment - at home$3.273 billion (31 December 2013 est.)
$2.877 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$335.4 million (31 December 2013 est.)
$315.4 million (31 December 2012 est.)
Market value of publicly traded shares$14.79 billion (31 December 2012 est.)
$NA (31 December 2011)
$14.46 billion (31 December 2010 est.)
Central bank discount rate7% (31 December 2010 est.)
NA% (31 December 2009 est.)
Commercial bank prime lending rate17.1% (31 December 2013 est.)
NA% (31 December 2012 est.)
Stock of domestic credit$23.1 billion (31 December 2013 est.)
$20.93 billion (31 December 2012 est.)
Stock of narrow money$9.198 billion (31 December 2013 est.)
$8.264 billion (31 December 2012 est.)
Stock of broad money$19.37 billion (31 December 2013 est.)
$17.08 billion (31 December 2012 est.)
Taxes and other revenues17.4% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-4.1% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 79.2%
government consumption: 18.2%
investment in fixed capital: 21.3%
investment in inventories: -0.3%
exports of goods and services: 28.5%
imports of goods and services: -47%
(2013 est.)
Gross national saving10.6% of GDP (2013 est.)
9.5% of GDP (2012 est.)
10.8% of GDP (2011 est.)