ARCHIVE // KE // TIME-SERIES
Economic overview
Kenya — 36 years of data
Historical Values
| Year | Value |
|---|---|
| 1990 | A serious underlying economic problem is Kenya's 3.8% annual population growth rate--one of the highest in the world. In the meantime, GDP growth in the near term has kept slightly ahead of population--annually averaging 5.2% in the 1986-88 period. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector. |
| 1991 | A serious underlying economic problem is Kenya's 3.6% annual population growth rate--one of the highest in the world. In the meantime, GDP growth in the near term has kept slightly ahead of population--annually averaging 4.9% in the 1986-90 period. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector. |
| 1992 | Kenya's 3.6% annual population growth rate - one of the highest in the world - presents a serious problem for the country's economy. In the meantime, GDP growth in the near term has kept slightly ahead of population - annually averaging 4.9% in the 1986-90 period. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector. In 1991, deficient rainfall, stagnant export volume, and sagging export prices held economic growth belo |
| 1993 | Kenya's 3.6% annual population growth rate - one of the highest in the world - presents a serious problem for the country's economy. In the meantime, GDP growth in the near term has kept slightly ahead of population - annually averaging 4.9% in the 1986-90 period. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector. In 1991, deficient rainfall, stagnant export volume, and sagging export prices held economic growth belo |
| 1994 | Kenya's 3.1% annual population growth rate - one of the highest in the world - has led to a decline in per capita output in each of the last three years, 1991-93. Undependable weather conditions and a shortage of arable land hamper long-term growth in agriculture, the leading economic sector. In industry and services, Nairobi's reluctance to embrace IMF-supported reforms has held back investment. Ethnic clashes and continued suspension of quick disbursing aid by the international donors kept gro |
| 1995 | Kenya in recent years has had one of the highest natural rates of growth in population, but the statistics have been complicated by the large-scale movement of nomadic groups and of Somalis back and forth across the border. Population growth has been accompanied by deforestation, deterioration in the road system, the water supply, and other parts of the infrastructure. In industry and services, Nairobi's reluctance to embrace IMF-supported reforms had held back investment and growth in 1991-93. |
| 1996 | Kenya in recent years has had one of the highest natural rates of growth in population, but the statistics have been complicated by the large-scale movement of nomadic groups and of Somalis back and forth across the border. Population growth has been accompanied by deforestation, deterioration in the road system, the water supply, and other parts of the infrastructure. In industry and services, Nairobi's reluctance to embrace IMF-supported reforms had held back investment and growth in 1991-93. |
| 1997 | Since 1993, the government of Kenya has implemented a program of economic liberalization and reform. Steps have included the removal of import licensing and price controls, removal of foreign exchange controls, fiscal and monetary restraint, and reduction of the public sector through privatization of publicly owned companies and downsizing the civil service. With the support of the World Bank, IMF, and other donors, these reforms have led to a turnaround in economic performance following a perio |
| 1998 | Since 1993, the government of Kenya has implemented a program of economic liberalization and reform. Steps have included the removal of import licensing and price controls, removal of foreign exchange controls, fiscal and monetary restraint, and reduction of the public sector through privatizing publicly owned companies and downsizing the civil service. With the support of the World Bank, IMF, and other donors, these reforms have led to a turnaround in economic performance following a period of |
| 1999 | Since 1993, the government of Kenya has implemented a program of economic liberalization and reform. Steps have included the removal of import licensing and price controls, removal of foreign exchange controls, fiscal and monetary restraint, and reduction of the public sector through privatizing publicly owned companies and downsizing the civil service. With the support of the World Bank, IMF, and other donors, these reforms have led to a turnaround in economic performance following a period of |
| 2000 | Kenya is well placed to serve as an engine of growth in East Africa, but its economy is stagnating because of poor management and uneven commitment to reform. In 1993, the government of Kenya implemented a program of economic liberalization and reform that included the removal of import licensing, price controls, and foreign exchange controls. With the support of the World Bank, IMF, and other donors, the reforms led to a brief turnaround in economic performance following a period of negative gr |
| 2001 | Kenya is well placed to serve as an engine of growth in East Africa, but its economy has been stagnating because of poor management and uneven commitment to reform. In 1993, the government of Kenya implemented a program of economic liberalization and reform that included the removal of import licensing, price controls, and foreign exchange controls. With the support of the World Bank, IMF, and other donors, the reforms led to a brief turnaround in economic performance following a period of negat |
| 2002 | Kenya, the regional hub for trade and finance in East Africa, is hampered by corruption and reliance upon several primary goods whose prices continue to decline. Following strong economic growth in 1995 and 1996, Kenya's economy has stagnated, with GDP growth failing to keep up with the rate of population growth. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 com |
| 2003 | Kenya, the regional hub for trade and finance in East Africa, is hampered by corruption and reliance upon several primary goods whose prices remain low. Following strong economic growth in 1995 and 1996, Kenya's economy has stagnated, with GDP growth failing to keep up with the rate of population growth. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded K |
| 2004 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption, notably in the judicial system, and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP co |
| 2005 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF |
| 2006 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF |
| 2007 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF |
| 2008 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF |
| 2009 | The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF |
| 2010 | Although the regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. The IMF, which had resumed loans in 2000 to help Kenya through a drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. |
| 2011 | Although the regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. The IMF, which had resumed loans in 2000 to help Kenya through a drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. |
| 2012 | Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. Low infrastructure investment threatens Kenya's long-term position as the largest East African economy. In the key December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. After some early progress in rooting out corruption and encouraging donor support, the KIBAKI government was roc |
| 2013 | Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. Low infrastructure investment threatens Kenya's long-term position as the largest East African economy. In the key December 2002 elections, Daniel MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. After some early progress in rooting out corruption and encouraging donor support, the KIBAKI government was rocked b |
| 2014 | Kenya hKenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. Low infrastructure investment threatens Kenya's long-term position as the largest East African economy, although the Kenyatta administration has prioritized infrastructure development. International financial lenders and donors remain important to Kenya's economic growth and development. Unemployment is high at around 40%. The country has chronic budget deficits. Inflationary p |
| 2015 | Kenya is the economic and transport hub of East Africa. Kenya’s real GDP growth has averaged around 5% for the past several years. According to recently rebased national statistics, Kenya’s GDP for 2013 was $55.3 billion, placing Kenya among the low middle income countries with per capita income of $1,300. Agriculture remains the backbone of the Kenyan economy, contributing 25% of GDP. About 80% of Kenya’s population of roughly 42 million work at least part-time in the agricultural sector, inclu |
| 2016 | Kenya is the economic and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last seven years. Since 2014 Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and faster growth, its economic and development trajectory is threatened by weak governance and corruption. Unemployment and under-employment are high, but reliable numbers are hard to find. | |
| 2017 | Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last eight years. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic and development trajectory could be impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-e |
| 2018 | Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extrem |
| 2019 | Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extrem |
| 2020 | Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extrem |
| 2021 | Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extrem |
| 2022 | Kenya is the economic, financial, and transport hub of East Africa. Kenya s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extrem |
| 2023 | fast growing, third largest Sub-Saharan economy; strong agriculture and emerging services and tourism industries; current account deficit and high debt; broadband and mobile-money platform investments; surging inflation due to oil and food hikes; new investor-friendly incentives; environmentally fragile economy |
| 2024 | 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 |
| 2025 | 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 |