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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 2021 was at about 12.259 USD per capita. GDP in Kenya, on the other hand, reached USD 2.007 per capita, or 110.35 billion USD in the whole country. Kenya is therefore currently ranked 61 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 137.

Inflation in Kenya was in 2021 at around 6.11%. Within the EU, the average in the same year was 2.55%. 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

Overall, the gross domestic product in Kenya in 2020 increased from 100.38 billion US Dollar to 100.67 billion US Dollar. 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% previously to 5.4% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
GDP110.35 bn USD2,006.83 USD17.09 tn USD33,228.68 USD
Gross national product110.40 bn USD2,007.81 USD16.78 tn USD32,621.03 USD


The largest company in Kenya is Safaricom with a market capitalization of 14.31 trillion 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 - 2021



Im- and Exports 2020

 Kenya
Total
Kenya
per capita
EU
Total
EU
per capita
Imports17.85 bn USD324.71 USD8,916.24 bn USD17,337.55 USD
Exports9.78 bn USD177.79 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1975 - 2020

Exports
Imports



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