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The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
With a GNI of 1,840, [18] Kenya is a lower-middle-income economy. Kenya's economy is the second largest in eastern and central Africa, after Ethiopia, with Nairobi serving as a major regional commercial hub. [19] Agriculture is the largest sector; tea and coffee are traditional cash crops, while fresh flowers are a fast-growing export.
The List of counties of Kenya by Gross County Product (GCP) shows the economic output of counties in Kenya. It is calculated by the Kenya National Bureau of Statistics (KNBS), which aggregates the value of all goods and services produced within a county during a specific period. GCP is an essential indicator for assessing the economic ...
Pages in category "Economy of Kenya" The following 33 pages are in this category, out of 33 total. This list may not reflect recent changes. ...
In the spring of 2011, the World Bank urged Kenya’s finance ministry to end the evictions until the bank could help the government work out a plan for addressing the Sengwer’s concerns. According to bank officials, Kenyan authorities agreed to stop the evictions until they found new land where the Sengwer could relocate.
The coffee industry in Kenya is a key source of employment, providing jobs for an estimated 150,000 people. ... Mr Murigi said it is only through addressing both the climate and economic ...
Kenya is a lower middle income economy, with Kenya's GDP hitting $150 billion as of 2024. This is due to increasing technology innovation services. Although Kenya's economy is the largest and most developed in eastern and Central Africa, 63% (2023/2024) of its population lives below the international poverty line. [1]