The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

Kenya

Kenya Economic Outlook

  • Real GDP growth was 5.3% in 2014, while the 2015 estimate and the 2016 and 2017 projections show economic expansion of 5.5%, 6.0%, and 6.4% respectively.
  • In 2014 and 2015, the economy experienced a stable macroeconomic environment, with single-digit inflation despite a 10.0% currency depreciation in 2015. At the same time, calls to amend the constitution to increase finances to the 47 county governments dominated the political scene.
  • Kenya is set to experience rapid urbanisation in the foreseeable future.

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Key Facts

Flag:
Capital: Nairobi
Area: 580,000 sq km
Total Population 2015: 44.4 Million
Urban Population 2015: 24.78%
Female Population 2015: 50.11%
GDP: US$ 44.9 Billion
GNI Per Capita 2015: US$ 860
Inflation Rate: 5.74%
Crude Birth Rate (per 1000): 34.90%
Human Development Index (rank / 187): 145
Human Development Index (scale 0 to 1): 0.519
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 2.0 Billion

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Activity



Resources



Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director