Kenya


Overview

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.

GDP

$79.9 billion (2013 est.)
country comparison to the world: 82
$76.03 billion (2012 est.)
$72.71 billion (2011 est.)

GDP- Real Growth Rate

5.1% (2013 est.)
country comparison to the world: 56
4.6% (2012 est.)
4.4% (2011 est.)

GDP - Per Capita

$1,800 (2013 est.)
country comparison to the world: 197
$1,700 (2013 est.)
$1,700 (2011 est.)

GDP - Composition By Sector

agriculture: 29.3%
industry: 17.4%
services: 53.3% (2013 est.)

Population Below Poverty Line

43.4% (2012 est.)

Inflation Rate (Consumer Prices)

5.8% (2013 est.)
country comparison to the world: 169
9.4% (2012 est.)

Labor Force

19.67 million (2013 est.)
country comparison to the world: 31

Labor Force - By Occupation

agriculture: 75%
industry and services: 25% (2007 est.)

Unemployment Rate

40% (2008 est.)
country comparison to the world: 190 40% (2001 est.)

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

5.1% (2013 est.)
country comparison to the world: 55