Agriculture accounted for 52% of GDP, 56% of employment, and 65% of foreign exchange earnings in 2018. The 2018/19 drought slowed economic growth and reduced food security. DataBank Microdata Data Catalog. The World Bank Kenya has released the Kenya Economic Update of 2019 which shows that Kenya’s GDP grew by 0.1% in 2018 to reach a 5.8% growth from 4.9% in 2017. Kenya gdp per capita for 2018 was $1,708, a 8.63% increase from 2017. That compares with its previous estimate of 5.8 percent and the government’s forecast of 6.3 percent, which would be the fastest rate of expansion since 2010.” Foreign exchange reserves rose from $9 billion in 2018 to $9.4 billion at the end of August 2019, equivalent to 6 months of imports, or more than the East African Community convergence criterion of 4.5 months.

Current USD GDP was down from 6.5% in 2018, caused mainly by unfavorable weather and reduced government investment. Most members of the informal sector have low educational attainment but are responsible for developing all of their own skilled labour through apprenticeships. Macroeconomic performance and outlook Real GDP grew by an estimated 5.9% in 2019, driven by household consumption and investment on the demand side and services on the supply side (such as public administration, information technology, finance and insurance, and transport and storage). In recent years, Kenya's labour force has shifted from the countryside to the cities, such as Nairobi, as Kenya becomes increasingly urbanised.The labour force participation rate in Kenya has been constant from 1997 to 2010 for both women and men. 2019: 9,740,360: 5.40: 5,050,184: Real GDP figures for years 2000 to 2008 are based on 2001 … The rapid expansion of the sector immediately after independence stagnated in the 1980s, hampered by shortages in Kenya's inclusion among the beneficiaries of the US Government's African Growth and Opportunity Act (The largest segment of Kenya's electricity supply comes from hydroelectric stations at dams along the upper Kenya currently imports all crude petroleum requirements, and petroleum accounts for 20% to 25% of the national import bill. Office Information. Politics will be less partisan for a while, but divisions will resurface as the elections approach in 2022. The gross domestic product (GDP) measures of national income and output for a given country's economy. Menu. Menu. Resident Representative for Kenya Tobias Rasmussen Resident Representative . In 2019, Kenya's debt had risen to an absolute amount of US$50B against a GDP of US$98B. In 2006, the current account balance as a%age of gross domestic product was −4.2.In 2006 Kenya's external debt totaled US$6.7B. Spending has stagnated at 0.1 per cent of GDP in … DataBank Microdata Data Catalog. The equivalent countries which are comparable to the Kenyan counties in GDP and GDP per capita are chosen by World Bank data for the same year. ... 1960 - 2019 GDP per capita growth (annual %) ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP… “East Africa’s biggest economy will probably expand 5.7 percent this year, the Washington-based lender said in an economic update Tuesday. The vision is separated into three pillars: economic, social, and political.The economic pillar seeks to consistently achieve economic growth averaging more than 10% for 23 years beginning in the year 2007. The World Bank Kenya has released the Kenya Economic Update of 2019 which shows that Kenya’s GDP grew by 0.1% in 2018 to reach a 5.8% growth from 4.9% in 2017.The report also shows that government spending decreased from 27.5 percent of GDP in FY2016/17 to 23.9 percent in FY2017/18 with development expenditure falling from 8.4 percent of GDP to 5.3 percent of GDP (or by 2.5 percentage points) over the same horizon.According to World Bank Kenya, private consumption is driving much of the growth on the demand side. The World Bank Kenya has released the Kenya Economic Update of 2019 which shows that Kenya’s GDP grew by 0.1% in 2018 to reach a 5.8% growth from 4.9% in 2017. The envisioned structural change depends on quickly transitioning to growth led by the private sector, not the public sector. Wednesday, September 2, 2020 The majority of this is contributed by the All unextracted minerals are government property, under the Mining Act.



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