What is the current GDP of Kenya 2021?

What is the current GDP of Kenya 2021?

GDP in Kenya averaged 21.74 USD Billion from 1960 until 2021, reaching an all time high of 110.35 USD Billion in 2021 and a record low of 0.79 USD Billion in 1961.

What does the World Bank do in Kenya?

The World Bank in Kenya. The World Bank’s work in Kenya supports the government’s Vision 2030 development strategy, which aims to accelerate sustainable growth, reduce inequality, and manage resource scarcity.

What income country is Kenya?

Economic Overview Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic and development trajectory could be impaired by weak governance and corruption.

What is Kenya’s biggest export?

Kenya’s Top 10 Exports

  • Coffee, tea, spices: US$1.5 billion (21.8% of total exports)
  • Live trees, plants, cut flowers: $805.2 million (11.9%)
  • Vegetables: $302.4 million (4.5%)
  • Fruits, nuts: $282.3 million (4.2%)
  • Mineral fuels including oil: $280.6 million (4.2%)
  • Ores, slag, ash: $258.6 million (3.8%)

How much is Kenya’s debt?

The statistic shows the national debt of Kenya from 2017 to 2020, with projections up until 2027. In 2020, the national debt of Kenya amounted to around 61.84 billion U.S. dollars.

Who is Kenya’s biggest trading partner?

Kenya top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 509 8.71
Netherlands 470 8.06
Pakistan 443 7.60
United Kingdom 392 6.71

Why is Kenya more famous than most other African countries?

Kenya has been a forerunner in democracy and economics among African countries. Making Nairobi, the nations capitol, one for great business opportunity and international recognition. Thus fundamentally making Kenya more famous, integral and powerful than most other African countries.

How wealthy is Kenya?

At least 8,500 Kenyans have wealth valued at over Sh115 million ($1 million), ranking the country fourth in Africa with the highest number of dollar millionaires. This is according to the 2022 Africa Wealth Report, which puts the number of high net worth individuals (HNWIs) in Kenya higher than other studies.

How powerful is Kenya in Africa?

Summary. Kenya’s passport is now the eighth most powerful in Africa and 71 globally after its mobility score improved six places in the latest ranking.

What is Kenya’s largest import?

Kenya’s Top 10 Imports

  • Mineral fuels including oil: US$3.5 billion (17.9% of total imports)
  • Machinery including computers: $1.6 billion (8.1%)
  • Vehicles: $1.4 billion (7%)
  • Iron, steel: $1.3 billion (6.6%)
  • Electrical machinery, equipment: $1.2 billion (6.1%)
  • Animal/vegetable fats, oils, waxes: $1.1 billion (5.4%)

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