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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 12,230 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 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 57.7 percent lower.
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 5.7 percent. The consumer inflation rate has risen from 5.2 percent previously to 5.4 percent now.

Unemployment rates in percentages 1991 - 2021

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


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



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