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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 ...
With a GNI of 1,840, 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. Agriculture is the largest sector; tea and coffee are traditional cash crops, while fresh flowers are a fast-growing export.
Agriculture in Kenya. Potatoes harvested from a Kenyan farm. Agriculture in Kenya dominates Kenya's economy. 15–17 percent of Kenya's total land area has sufficient fertility and rainfall to be farmed, and 7–8 percent can be classified as first-class land. [1] [2] In 2006, almost 75 percent of working Kenyans made their living by farming ...
Kenya is a upper-middle income economy as of 2024, with Kenya's GDP 2024 hitting $204.6 billion. This is due to increasing technology innovation services. Although Kenya's economy is the largest and most developed in eastern and Central Africa, 16.1% (2023/2024) of its population lives below the international poverty line.
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. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
Coffee production is a significant contributor to the economy of Kenya. The industry is noted for its cooperative system of production, processing, milling, marketing, and auction system. About 70% of Kenyan coffee is produced in small farms that control about 75% of the land under production. [1] [2] It was estimated in 2012 that there were ...
Economy of Kenya-related lists (1 C, 3 P) + Kenyan economists (2 C, 2 P) C. Cars of Kenya (3 P) Companies of Kenya (13 C, 5 P) Corruption in Kenya (22 P)
Counties by GDP per capita in 2017 according to data by the Kenya National Bureau of Statistics. [1] [2] 50.081 shillings per Int. dollar based on PPP (IMF Oct. 2018) [3]