Kenya


Kenya Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Kenya; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Kenya
International Reserves US$ 4.265 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 42.449 billion (2010 estimate)
GDP (Purchasing Power Parity) 76.104 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4.7% 0.3% 2.8% 4.6% 6% 6.3% 6.9% 1.5%
2009 2010 2011 2012*
2.6% 5.6% 5% 5.2%

*Estimate

GDP per capita - current prices US$ 1,008 (2010 estimate)
GDP per capita - PPP $1,808 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.1% 0.11% 0.09% 0.09% 0.1%

**Forecast

GDP - composition by sector
  • agriculture: 22.2% 
  • industry: 16.4% 
  • services: 64.6% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
10.6%(2008) 4.1% 14% 10.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
45.5% 47.6% 49.8% 48.9% 46.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-4.2% -5.2% -5.1% -4.1% -4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$10.76 billion US$14.46 billion US$10.2 billion
Largest companies in Kenya N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -4.1 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -9.6% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

27.5% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.07% (2011)(2007)

(Data were released in 2012)

Total exports US$5.942 billion (2012 estimate) 
Export commodities tea, horticultural products, coffee, petroleum products, fish, cement
Total imports US$14.39 billion (2012 estimate) 
Import commodities machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics
Exports - major partners Uganda 10%, Tanzania 9.7%, Netherlands 8.5%, UK 8.2%, US 6.2%, Democratic Republic of the Congo 4.2% (2011)
Imports - major partners China 14.8%, India 14%, UAE 10.1%, South Africa 7.8%, Saudi Arabia 7.1% (2011)
FDI inflows
2009 2010 2011
US$116 million US$178 million(2009) US$335 million(2009)
FDI outflows
2009 2010 2011
US$46 million US$2 million US$9 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$18 million N/A(2009) N/A(2009) US$-3 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 121 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 126 out of 185 countries(2009)

Enforcing Contracts: 149 out of 185 countries

Registering Property: 161 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 148 out of 185 countries

Paying Taxes: 164 out of 185 countries

Dealing with Construction Permits: 45 out of 185 countries

Getting Electricity: 162 out of 185 countries

Resolving Insolvency: 100 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
106

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 103 Score: 57.5 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 580,367 km2 (2006)
Capital Nairobi (2009)
Currency Kenyan shillings (KES) (2009)
Government type republic (2009)
Languages English (official), Kiswahili (official), numerous indigenous languages
Religions Protestant 45%, Roman Catholic 33%, Muslim 10%, indigenous beliefs 10%, other 2%
Total population
1980 1990 2000 2012* 2017**
16.63 million 23.55 million 30.1 million 42.1 million 48.48 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
7.4% 15.7% 19.7% 24%
Population median age 19 years (2010)
Population growth rate 2.7% (2011)
Life expectancy 57 years (2010)
Adult literacy 87% (2005/2010)
% of population living on less than $2 a day 39.92% (2011)
Inequality of wealth distribution (Gini index)

47.68 (2005)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

65.52% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 28% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Nairobi: 108th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.313 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2011:
  • Best Treasury Management Systems & Services Providers / Best Mobile Solution Provider CfC Stanbic Bank (Global, 2011)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Barclays Bank of Kenya (National, 2013)
2012:
  • COUNTRY WINNERS KCB (Asia, 2012)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Standard Chartered (Global, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Barclays Bank of Kenya (Asia, 2012)
2011:
  • COUNTRY WINNERS Barclays Bank of Kenya (Global, 2011)
2010:
  • COUNTRY WINNERS Barclays Bank of Kenya (Global, 2010)
2009:
  • COUNTRY WINNERS Barclays Bank Kenya (Global, 2009)

CENTRAL BANKER REPORT CARD

2012:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Standard Chartered (National, 2013)
2012:
  • COUNTRY WINNERS Standard Chartered (Global, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered (Kim Choongsoo, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE