What is the GDP of Kenya?

Kenya's GDP is approximately $120.3 billion USD. The GDP growth rate is 4.7%.

What is the population of Kenya?

Kenya has a population of approximately 56.4 million people. The population growth rate is 2%.

What is the inflation rate in Kenya?

The inflation rate in Kenya is 4.5%.

What is the unemployment rate in Kenya?

The unemployment rate in Kenya is 5.4%.

What is the GDP per capita of Kenya?

Kenya's GDP per capita is approximately $2,132 USD.

Is Kenya a good country to invest in?

Kenya has an investment score of 35/100, classified as "Caution" risk. Key sectors include Technology (M-Pesa), Agriculture (Tea, Flowers), Tourism. Credit rating: B.

How open is Kenya's economy to trade?

Kenya's trade openness (trade as % of GDP) is 40%. Exports total approximately $20.5B and imports $27.8B.

How much foreign investment does Kenya attract?

Foreign direct investment (FDI) in Kenya is 0.4% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Kenya?

Kenya's economy is composed of services (55% of GDP), industry (16% of GDP), and agriculture (22% of GDP).

Can I start a business in Kenya as a foreigner?

Kenya offers various options for foreign entrepreneurs. Visit our business setup guide for Kenya for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Kenya's economy growing?

Kenya's GDP growth rate is 4.7%. This is above the global average, indicating strong economic momentum.

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Kenya Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: NairobiKEN

Caution

Growing

120.3B USD

GDP (Nominal)

Growing at 4.7%

$2,132

GDP Per Capita

Developing economy

56.4M

Population

+2% annual growth

High

4.5%

Inflation

Moderate

40%of GDP

Trade Openness

0.4%of GDP

FDI Inflows

Public Debt

High

5.4%

Unemployment

Deficit

-$7.3B

Trade Balance

Currency & Exchange Rate

Currency

KSh Kenyan Shilling

KES

Exchange Rate (1 USD)

KSh153.50

-1.6% YoY(strengthened)

5-Year Change

+41.5%

From KSh108.50

Regime & Controls

managed float

Capital controls: limited

GDP

Billion USD, nominal

$120.3B

2024+12.8B

GDP Growth

Annual %

4.7%

2024-1.0%

Inflation

Consumer prices, annual %

4.5%

2024-3.2%

Population

Millions

56.4M

2024+1.1M

Economic Structure

Services55%

Industry16%

Agriculture22%

Infrastructure38/100

Internet Speed

18 Mbps

Mobile: 15 Mbps

Logistics Index

2.7 /5.0

World Bank LPI

Electricity

55%

Reliability score

Connectivity

moderate

40% internet access

Investment Score Breakdown

Economic Health (30%)38

Political Safety (25%)25

Business Climate (20%)35

Financial Strength (15%)30

Growth Potential (10%)55

Key Sectors

Technology (M-Pesa)

3% of GDP

growing

Agriculture (Tea, Flowers)

20% of GDP

stable

Tourism

5% of GDP

growing

Should I Invest in Kenya?

CautionSetup: ComplexROI: Moderate

Kenya scores 35/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 5%, offering expanding market opportunity. Business setup takes approximately 35 days with a corporate tax rate of 30%.

Investment Score35/100

GDP Growth5%

Inflation6.8%

FDI/GDP1.2%

Public Debt70%

Political Stability-1.0

Corporate Tax30%

Ease of Business#56

Strengths

+Strong GDP growth at 5% - expanding market opportunity
+100% foreign ownership allowed - no local partner required

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (6.8%) - factor into pricing strategy
-Elevated public debt (70% of GDP)
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-5%) - currency depreciation risk

Best For

Technology (M-Pesa) (growing, score: 82)Mass-market consumer productsLabor-intensive manufacturing

Also Consider

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