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ECON FACTBOOK

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Economy of Kenya

Population: 44 million in 20131

GDP: $44 billion in 20132

GDP per capita: $1,246 nominal3 ($2,265 PPP4) in 2013

GDP growth rate: 5.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities9,46830.8%
Agriculture, hunting, forestry, fishing8,33427.1%
Wholesale, retail trade, restaurants and hotels4,18213.6%
Transport, storage and communication3,41511.1%
Manufacturing3,29210.7%
Construction1,4094.6%
Mining and utilities6022.0%
Total value added30,701100%

Employment

Unemployment rate: 9.2% in 20137

Employment by Industry 20078

Employment sectorPercent of total
Agriculture75%
Industry and service25%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $43 billion (98% of GDP) in 201410

Household Wealth per Adult: $2,052 in 201410

Gini Coefficient: .477 in 201311

Government

Central Government

Central Government Revenue: $7.9 billion (18% of GDP) in 201312

Central Government Expenditure: $9.7 billion (22% of GDP) in 201312

Central Government Budget Balance: -$1.8 billion (-4% of GDP) in 201312

Central Government Public Debt: $25.6 billion (58% of GDP) in Sept 2014* 13

Central Government 10 Year Bond Interest Rate: 12.75% on Feb 6, 201514

* Public debt calculated using the exchange rate 91.45 KES = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 30% in 201416

* Individual thresholds calculated using the exchange rate 91.45 KES = 1 USD

Monetary Policy

Money Supply (M0): $1.8 billion (4% of GDP) in Dec 2014* 17

Benchmark Interest Rate: Central Bank Rate = 18% in Jan 201518

Total Reserves: $6.6 billion (15% of GDP) in 201319

Exchange Rate: 91.45 Kenyan Shillings = 1 U.S. Dollar on Feb 6, 201520

Inflation: 5.7% in 201321

* Money supply calculated using the exchange rate 91.45 KES = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $6.6 billion (15% of GDP) in 201323

Imports: $15.9 billion (36% of GDP) in 201323

Trade Balance: -$9.3 billion (-21% of GDP) in 201323

Foreign Direct Investment Inflow: $514 million (1% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $2.6 billion (6% of GDP)25

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Kenya National Treasury, Resources, QEBR 1st Quarter 2014 (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Central Bank of Kenya, Rates and Statistics, Macroeconomic Statistics, Monetary Statisitics (Money supply) Go back
18. Source: Central Bank of Kenya (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: Global Humanitarian Assistance (Aid data) Go back