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Indicators of economy in Kenya

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Kenya reached 1.879 US dollars per inhabitant, or 101.01 bn US Dollar in the whole country. Kenya is therefore currently ranked 64 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Kenya is in the list of the world's richest countries in place 147.

Inflation in Kenya was in 2021 at around 6.11%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 57.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Kenya

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Kenya in 2020 increased from 100.56 billion US Dollar to 101.01 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 0.46 percent increase has been rather unusual this year. While most countries have suffered significant losses, Kenya has certainly held its own. The unemployment rate rose from 5.0 to 5.7 percent. The consumer inflation rate has risen from 5.2% previously to 5.4% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
GDP101.01 bn USD1,878.58 USD15,291.93 tn USD29,692.11 USD
Gross national product98.81 bn USD1,837.61 USD15,330.84 tn USD29,767.66 USD


The largest company in Kenya is Safaricom with a market capitalization of 14,306.00 tn Dollar. It is the only company in the country to be included in the Forbes Global 2000 list in 2021. This independent list annually publishes the 2000 largest companies worldwide, with Safaricom Bank ranking 1566th last year.

Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
Imports20.41 bn USD379.54 USD7,340.01 bn USD14,251.98 USD
Exports11.49 bn USD213.69 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1975 - 2020

Exports
Imports



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