Countries
Kenya
Key Economic Indicators
$374.95 billion
$6,644
4.72%
4.49%
5.45%
$124.499 billion (2024 est.)
53.2% of GDP (2016 est.)
$-1,549,810,653
Economic Overview
fast growing, third largest Sub-Saharan economy; strong agriculture sector with emerging services and tourism industries; IMF program to address current account and debt service challenges; business-friendly policies foster infrastructure investment, digital innovation and public-private partnerships; vulnerable to climate change-induced droughts
All Economic Data
Agricultural products
sugarcane, milk, maize, bananas, tea, potatoes, cassava, cabbages, camel milk, mangoes/guavas (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
3.5% of household expenditures (2023 est.)
On food:
42.1% of household expenditures (2023 est.)
Budget
Expenditures:
$30.924 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$20.202 billion (2023 est.)
Currency
code:
KES
name:
Kenyan shilling (KES) [Sh]
Current account balance
$-1,549,810,653
Current account balance 2021:
-$5.597 billion (2021 est.)
Current account balance 2022:
-$5.889 billion (2022 est.)
Current account balance 2023:
-$4.317 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$42.89 billion
Debt - external 2023:
$31.451 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Kenyan shillings (KES) per US dollar -
Exchange rates 2020:
106.451 (2020 est.)
Exchange rates 2021:
109.638 (2021 est.)
Exchange rates 2022:
117.866 (2022 est.)
Exchange rates 2023:
139.846 (2023 est.)
Exchange rates 2024:
134.822 (2024 est.)
Exports
$20.54 billion
Exports 2021:
$11.815 billion (2021 est.)
Exports 2022:
$13.954 billion (2022 est.)
Exports 2023:
$12.626 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
tea, cut flowers, garments, gold, tropical fruits (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Uganda 10%, USA 10%, UAE 8%, Netherlands 8%, Pakistan 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$463.44 million
GDP - composition, by end use
Exports of goods and services:
11.1% (2024 est.)
Government consumption:
11.5% (2024 est.)
Household consumption:
75.5% (2024 est.)
Imports of goods and services:
-19.2% (2024 est.)
Investment in fixed capital:
17.7% (2024 est.)
Investment in inventories:
-0.9% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
21.3% (2024 est.)
Industry:
16.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
55.9% (2024 est.)
GDP (official exchange rate)
$124.499 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$2,132
Gini Index coefficient - distribution of family income
40.8 (2015)
Gini Index coefficient - distribution of family income 2021:
38.7 (2021 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$118.47 billion
GNI per capita
$2,090
Gross domestic investment
17 % of GDP
Household income or consumption by percentage share
Highest 10%:
31.8% (2021 est.)
Lowest 10%:
2.9% (2021 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$27.82 billion
Imports 2021:
$22.001 billion (2021 est.)
Imports 2022:
$24.606 billion (2022 est.)
Imports 2023:
$22.046 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, palm oil, wheat, plastics, garments (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 22%, UAE 14%, India 10%, Saudi Arabia 5%, Malaysia 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
0.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
agriculture, transportation, services, manufacturing, construction, telecommunications, tourism, retail
Inflation rate (consumer prices)
4.49%
Inflation rate (consumer prices) 2022:
7.7% (2022 est.)
Inflation rate (consumer prices) 2023:
7.7% (2023 est.)
Inflation rate (consumer prices) 2024:
4.5% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
23.781 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
24.71 million persons
Labor force - by occupation
agriculture:
45.79%
industry:
12.48%
services:
41.73%
Population below poverty line
38.6% (2021 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
53.2% of GDP (2016 est.)
Real GDP (purchasing power parity)
$374.95 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$297.938 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$314.491 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$328.632 billion (2024 est.)
Real GDP growth rate
4.72%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.9% (2022 est.)
Real GDP growth rate 2023:
5.6% (2023 est.)
Real GDP growth rate 2024:
4.5% (2024 est.)
Real GDP per capita
$6,644
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$5,500 (2022 est.)
Real GDP per capita 2023:
$5,700 (2023 est.)
Real GDP per capita 2024:
$5,800 (2024 est.)
Remittances
$5 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
3.4% of GDP (2021 est.)
Remittances 2022:
3.5% of GDP (2022 est.)
Remittances 2023:
3.9% of GDP (2023 est.)
Reserves of foreign exchange and gold
$10.07 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$7.969 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$7.342 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$10.067 billion (2024 est.)
Revenue (excl grants)
19 % of GDP
Tax revenue
14 % of GDP
Taxes and other revenues
14% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
5.45%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
5.8% (2022 est.)
Unemployment rate 2023:
5.6% (2023 est.)
Unemployment rate 2024:
5.5% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
16% (2024 est.)
Male:
8.3% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
11.9% (2024 est.)
World Bank Indicators
Currency
Kenyan shilling (KES) Sh (2025)
Gini Index
40.80 (2015)
Languages
English, Swahili (2025)
Economic Rankings
External Debt
#33
GDP (PPP)
#58
Gini Index
#63
GDP (Nominal)
#64
GDP Growth Rate
#73
Reserves
#76
Imports
#85
Unemployment Rate
#87
Exports
#89
Inflation Rate
#115
GDP per Capita
#145
Quick Facts
Industries
agriculture, transportation, services, manufacturing, construction, telecommunications, tourism, retail
Agricultural products
sugarcane, milk, maize, bananas, tea, potatoes, cassava, cabbages, camel milk, mangoes/guavas (2023)
Labor force
23.781 million (2024 est.)
Exports - partners
Uganda 10%, USA 10%, UAE 8%, Netherlands 8%, Pakistan 6% (2023)
Imports - partners
China 22%, UAE 14%, India 10%, Saudi Arabia 5%, Malaysia 4% (2023)
Exchange rates
Kenyan shillings (KES) per US dollar -
Explore More
Our Partners
Trusted partner applications powering global data and insights