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KENYA - COUNTRY PROFILE
Kenya is located in Eastern Africa, bordering the Indian Ocean, between Somalia and Tanzania. It is the East African business hub for manufacturing, transport, services, information communications and technology (ICT). It’s the fastest growing economy in Sub-Saharan Africa with
a Real Gross Domestic Product growth rate of 5.8% in 2016. The key drivers for this growth include: a vibrant services sector, enhanced construction, currency stability, low inflation, low fuel prices, a growing middle-class and rising incomes, a surge in remittances with strong growth of 10.7%, and increased public investment in energy and transport sectors. Kenya is a member of the East African Community (EAC) and Common Market for Eastern and Southern Africa (COMESA).
 

Population

45.4million (2016 Provisional)

Area

580,367 sq km

Language

English and Kiswahili

GDP at current USD

US$ 71.58 billion, 2016

GDP per capita 2016

US$ 1,587

FDI Flows 2015

1,437 (Millions in USD) – 2015 – UNCTAD

GDP Growth Rates

5.8% in 2016 and a projection of 6.1 % in 2017 (WB)

FDI Growth Rate

98.0% in 2013; 92.4% in 2014; 45.3% in 2015 (UNCTAD)

Inflation Rate

6.45% - March 2016

Currency

1USD - KES 100

 
 
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