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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 ...
50.081 shillings per Int. dollar based on PPP (IMF Oct. 2018) [3]; Rank County GDP in KSh. millions/= GDP in US$ millions (PPP) 1 Nairobi County: 5,192,323 49,309 2 Kiambu County
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]
Foreign investments in Kenya remain relatively weak considering the size of its economy and its level of development. As of 2022, Kenya's total FDI stock stood at US$10.4 billion, accounting for a mere 9.5% of the country's GDP. [160] Kenya has a Human Development Index (HDI) of 0.555 (medium), ranked 145 out of 186 in the world.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, ... 2022 Kenya: 104,001: 2024: 107,441: 2023: 113,419: 2022
The Hustler Fund was a campaign promise made by William Ruto during Kenya's 2022 presidential election.Ruto had run on a platform dedicated to creating a "new economic order" and the Hustler Fund was a key aspect of this platform. [1]
Njuguna S. Ndung'u is a Kenyan economist who is the ex- Minister of Finance in the cabinet of President William Samoei Ruto from October 2022 to July 2024. [1] Ndung'u previously served as the eighth Governor of the Central Bank of Kenya for two consecutive four-year terms, from March 2007 until March 2015. [2]
GDP PPP (2023) 90 billion USD [6] Website. nairobi.go.ke. Nairobi (/ naɪˈroʊbi / ny-ROH-bee) is the capital and largest city of Kenya. The name is derived from the Maasai phrase Enkare Nairobi, which translates to 'place of cool waters', a reference to the Nairobi River which flows through the city.