The envisioned structural change depends on quickly transitioning to growth led by the private sector, not the public sector. Foreign exchange reserves rose from $9 billion in 2018 to $9.4 billion at the end of August 2019, equivalent to 6 months of imports, or more than the East African Community convergence criterion of 4.5 months. In 2019, Kenya’s economic growth averaged 5.7%, placing Kenya as one of the fastest growing economies in Sub-Saharan Africa. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The recent economic expansion has been boosted by a stable macroeconomic environment, positive investor confidence and a resilient services sector. Browse by Country or Indicator.
Delta Centre Building, 12th Floor Menengai Road, Upper Hill. "Informal economic activity in Kenya: benefits and drawbacks." Most members of the informal sector have low educational attainment but are responsible for developing all of their own skilled labour through apprenticeships. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Kenya gdp growth rate for 2017 was 4.81%, a 1.07% decline from 2016. The vision is separated into three pillars: economic, social, and political.The economic pillar seeks to consistently achieve economic growth averaging more than 10% for 23 years beginning in the year 2007.
The Department of Mines and Geology, under the Ministry of Environment and Natural Resources, controls exploration and exploitation of minerals.Although Kenya is the most industrially developed country in East Africa, manufacturing still accounts for only 14% of GDP. Government budget balance as a percentage of gross domestic product had improved to −2.1% in 2006 from −5.5% in 2004. Twice as many men as women hold wage jobs, and more men work principally in wage jobs than on family farms. • According to the Kenya Economic Survey 2019, 840,600 new jobs were created last year compared to 909,800 reported in 2017. Kenya gdp per capita for 2017 was $1,572, a 11.47% increase from 2016. Kenya gdp per capita for 2018 was $1,708, a 8.63% increase from 2017. This is a list of counties of Kenya by GDP and GDP per capita.
World Bank Releases Kenya Economic Update 2019 – GDP to Expand 5.7% The World Bank Kenya has released the Kenya Economic Update of 2019 which shows that Kenya’s GDP grew by 0.1% in 2018 to reach a 5.8% growth from 4.9% in 2017. www.bitcoinke.io 2018. The shilling has traded within a narrow band of Ksh.100/US$-Ksh.103/US$ in 2018, thereby serving as a nominal anchor to inflationary expectations.
The Trading Economics Application Programming Interface (API) provides direct access to our data. In 2004, about 15% of the labour force was officially classified as unemployed. The 2018/19 drought slowed economic growth and reduced food security. [61] Kenya's largest bilateral lender since 2011 has been China , and the largest multilateral lender since 1963 has been the World Bank . Close. Informality and unemployment remain high. The Gross Domestic Product (GDP) in Kenya was worth 95.50 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The public debt level is thus 51% of GDP as of 2019.Originally introduced in 2003, the Integrated Financial Management Information System (IFMIS)IFMIS enables fully integrated planning for the budgeting process since it links planning policy objectives and budget allocation.The Fund for the Inclusion of Informal Sector (FIIS)The Investor Compensation Fund is intended to compensate investors who suffer losses resulting from failure of a licensed stockbroker or dealer to meet his/her contractual obligations, up to a maximum of Sh.50,000 per investor.Since independence, Kenya has received both substantial foreign investment and significant amounts of development aid. Kenya's other significant exports are petroleum products, sold to near neighbours, fish, cement, pyrethrum, and sisal.
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