Kenya: Primed For Growth

Kenya: Primed For Growth

Sudan–Ethiopia Transport Corridor), consisting of a large port, a railway, oil pipelines, highways, international airports and cities, is a massive undertaking. Kenya has created a positive environment for foreign direct investment (FDI), as it looks to appeal to foreign multinationals. ...

 
 
Source
Central bank

Central Bank of Kenya

International Reserves

USD 7.5 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 74.7 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 165.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.9% 6.9% 0.2% 3.3% 8.4% 6.1% 4.6%
2013 2014 2015 2016* 2017*    
5.7% 5.3% 5.7% 6% 6.1%    

*Estimate

GDP per capita - current prices

USD 1,599.4 (2017, estimate)

GDP per capita - PPP

Intl$ 3,543.7 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.13% 0.14% 0.11% 0.12% 0.1%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 32.7% 
  • industry: 18% 
  • services: 49.3%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
5.7% 6.9% 6.6% 6.2% 5.5%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
41.5% 46.7% 51.3% 52.7% 53%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.7% -7.4% -8.3% -7.4% -6.4%

*Estimate

Government bond ratings

Standard & Poor's: B+

Moody'S: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -4.6 billion (2017 estimate)

Current account balance by percentage of GDP

-6.1% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

15.8% (2015)

Shares in world total merchandising export

0.04% (2015)

Shares in world total commercial services export

0.08% (2015)

Total exports

USD 6.4 billion (2016 estimate)

Export commodities

Tea, horticultural products, coffee, petroleum products, fish, cement

Total imports

USD 16.3 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics

Exports - major partners

Uganda 11.2%, US 8.3%, Tanzania 8.1%, Netherlands 7.4%, UK 6%, Pakistan 4.2% (2015)

Imports - major partners

China 30%, India 15.5%, UAE 5.7%, US 4.8%, Japan 4.7% (2015)

FDI inflows
2013 2014 2015
USD 514 million USD 1,051 million USD 1,437 million
FDI outflows
2013 2014 2015
USD 5.6 million USD 27.8 million USD 217.0 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A USD 1.2 million USD 167.4 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 92 out of 190 countries (2017)

Subcategories:

Starting a business: 116 out of 190 countries

Enforcing Contracts: 87 out of 190 countries

Registering Property: 121 out of 190 countries

Getting Credit: 32 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 105 out of 190 countries

Paying Taxes: 125 out of 190 countries

Dealing with Construction Permits: 152 out of 190 countries

Getting Electricity: 106 out of 190 countries

Resolving Insolvency: 92 out of 190 countries

Global competitiveness ranking

96 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 115 / Score: 57.51 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+3

Total area

580,367 sq km

Capital

Nairobi

Currency

Kenyan shillings (KES)

Government type

Presidential republic

Languages

English (official), Kiswahili (official), numerous indigenous languages

Religions

Christian 83% (Protestant 47.7%, Catholic 23.4%, other Christian 11.9%), Muslim 11.2%, Traditionalists 1.7%, other 1.6%, none 2.4%, unspecified 0.2% (2009 est.)

Total population
1990 2000 2010 2016* 2021*
22.037 million 29.494 million 38.5 million 45.451 million 52.107 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
7% 16% 20% 26%
Population median age

19.5 years (2016 estimate)

Population growth rate

1.81% (2016 estimate)

Life expectancy

64 years (2016 estimate)

Literacy

Total population: 78%
Male: 81.1%
Female: 74.9% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 4
Civil Liberties: 4 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 0.18%   Mobile 80.68% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

45.62% (2015)

Mercer Cost of living index

Nairobi: 116th (2016)

CO2 emissions

0.3 (2013)

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