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The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
With a GNI of 1,840, [18] Kenya is a lower-middle-income economy. Kenya's economy is the second largest in eastern and central Africa, after Ethiopia, with Nairobi serving as a major regional commercial hub. [19] Agriculture is the largest sector; tea and coffee are traditional cash crops, while fresh flowers are a fast-growing export.
50.081 shillings per Int. dollar based on PPP (IMF Oct. 2018) [3]; Rank County GDP per capita in KSh. /= GDP per capita in US$ (PPP) 1 Kiambu County : 789,129 6,955 2 Nairobi County
Although Kenya's economy is the largest and most developed in eastern and Central Africa, 63% (2023/2024) of its population lives below the international poverty line. [1] This severe poverty is caused by economic inequality, government corruption and health problems. In turn, poverty also worsens these factors.
e. Kenya Vision 2030 (Swahili: Ruwaza ya Kenya 2030) is a Kenyan development program, aiming to raise the average standard of living in Kenya to middle income by 2030. It was launched on 10 June 2008 by President Mwai Kibaki. [1][2][3] Developed through "an all-inclusive and participatory stakeholder consultative process, involving Kenyans from ...
The 2024 Finance Bill is the first in a series of tax reforms based on a Medium-Term Revenue Strategy (MTRS) devised and published by the Kenyan government in 2023 through the Ministry of National Treasury and Economic Planning. The MTRS aims to increase the tax-to-GDP ratio in Kenya from 13.5% to at least 20% from 2024 to 2027. [24]
Pages in category "Economy of Kenya". The following 31 pages are in this category, out of 31 total. This list may not reflect recent changes. Economy of Kenya.