Worlddata.info

Indicators of economy in Kenya

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Kenya, on the other hand, reached USD 2,082 per capita, or 110.35 billion USD for the whole country. Kenya is therefore currently ranked 61 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Kenya ranks 148th in the list of the richest countries.

Inflation in Kenya in 2021 was around 6.11%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 32, which is below average by global standards.


Back to overview: Kenya

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Kenya in 2020 increased from 100.38 billion US dollars to 100.67 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 0.29 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 5.6 percent. The consumer inflation rate has risen from 5.2 percent previously to 5.4 percent now.

Income and purchasing power

The average monthly income in Kenya is 173 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 60.4 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Kenya than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 92.6 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
GDP110.35 bn USD2,081.80 USD17.177 tn USD33,384.92 USD
Gross national product110.40 bn USD2,082.81 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Kenya ranked 88th in 2022 with 22.7 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

Development of gross domestic product in billions of USD 1960 - 2021




Imports and Exports 2021

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
Imports17.85 bn USD336.84 USD8.916 tn USD17,329.02 USD
Exports9.78 bn USD184.44 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



Kenya: AirportsLargest airports and airlines in KenyaThe 16 biggest airports and 8 airlines in Kenya with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
New Zealand: Sunrise + sunsetTimes for sunrise and sunset in New ZealandTimes of sunrise and sunset for the most important cities in New Zealand and the avg. length of daylight per month