Kenya: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Kenya is the largest economy in East Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, India, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Small-Scale Consumer Goods (Plastic, Furniture, Batteries, Textiles, Clothing, Soap, Cigarettes, Flour); Agricultural Products; Horticulture; Oil Refining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $311,409,577,561 (2022) |
| GDP Growth Rate (annual %) | 4.847% (2022) |
| GDP Per Capita, PPP (current international) | $5,764 (2022) |
GDP Country Rank 61/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.657% (2022) |
| External debt stocks, total (DOD, current US$) | $41,201,479,489 (2021) |
| Total tax rate (% of commercial profits) | 37.2% (2019) |
| Real Interest Rate (5 year average %) | 7.428% (2021) |
| Manufacturing, value added (% of GDP) | 7.827% (2022) |
| Current Account Balance (BoP, current US$) | ($5,744,077,674) (2021) |
Labor and Employment [1]
| Labor Force, Total | 24,985,164 (2022) |
| Employment in Agriculture (% of total employment) | 33.034% (2021) |
| Employment in Industry (% of total employment) | 15.727% (2021) |
| Employment in Services (% of total employment) | 51.239% (2021) |
| Unemployment Rate | 5.502% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $24,401,529,536 (2022) |
| Exports of goods and services (current US$) | $13,854,529,473 (2022) |
| Total Merchandise Trade (% of GDP) | 25.671% (2022) |
| FDI, net inflows (BoP, current US$) | $393,583,092 (2022) |
| Commercial Service Exports (current US$) | $4,272,456,880 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Kenya’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.