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 2017: 48.5 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 77.3 Billion
GNI Per Capita 2015: US$ 1,340
Inflation Rate: 5.50%
Crude Birth Rate (per 1000): 33.00%
Human Development Index (rank / 188): 146
Human Development Index (scale 0 to 1): 0.555
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 2.6 Billion

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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