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 (2018): China, India, and Saudi Arabia |
| 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) | $246,068,248,303 (2020) |
| GDP Growth Rate (annual %) | -0.316% (2020) |
| GDP Per Capita, PPP (current international) | $4,576 (2020) |
GDP Country Rank 64/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 5.405% (2020) |
| External debt stocks, total (DOD, current US$) | $38,193,646,114 (2020) |
| Total tax rate (% of commercial profits) | 37.2% (2019) |
| Real Interest Rate (5 year average %) | 6.478% (2020) |
| Manufacturing, value added (% of GDP) | 7.61% (2020) |
| Current Account Balance (BoP, current US$) | ($5,559,231,017) (2019) |
Labor and Employment [1]
| Labor Force, Total | 23,738,918 (2020) |
| Employment in Agriculture (% of total employment) | 53.815% (2020) |
| Employment in Industry (% of total employment) | 7.438% (2020) |
| Employment in Services (% of total employment) | 38.748% (2020) |
| Unemployment Rate | 2.98% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $17,854,234,069 (2020) |
| Exports of goods and services (current US$) | $9,776,100,321 (2020) |
| Total Merchandise Trade (% of GDP) | 21.254% (2020) |
| FDI, net inflows (BoP, current US$) | $1,332,436,904 (2019) |
| Commercial Service Exports (current US$) | $4,647,788,810 (2019) |
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.