Kenya

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. 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 rocked by high-level graft scandals in 2005 and 2006. In 2006, the World Bank and IMF delayed loans pending action by the government on corruption. The international financial institutions and donors have since resumed lending, despite little action on the government’s part to deal with corruption. Post-election violence in early 2008, coupled with the effects of the global financial crisis on remittance and exports, reduced GDP growth to 1.7 in 2008, but the economy rebounded in 2009-10.

$65.95 billion (2010 est.)

$63.42 billion (2009 est.)

$61.78 billion (2008 est.)

$32.42 billion (2010 est.)

4% (2010 est.)

2.6% (2009 est.)

1.7% (2008 est.)

$1,600 (2010 est.)

$1,600 (2009 est.)

$1,600 (2008 est.)

17.94 million (2010 est.)

40% (2008 est.)

40% (2001 est.)

50% (2000 est.)

42.5 (2008 est.)

44.9 (1997)

21.3% of GDP (2010 est.)

50.9% of GDP (2010 est.)

46.3% of GDP (2009 est.)

4.2% (2010 est.)

9.3% (2009 est.)

NA%

14.8% (31 December 2009 est.)

14.02% (31 December 2008 est.)

$6.333 billion (31 December 2010 est)

$5.717 billion (31 December 2009 est)

$15.38 billion (31 December 2010 est.)

$13.5 billion (31 December 2009 est.)

$14.11 billion (31 December 2010 est.)

$13.17 billion (31 December 2009 est.)

$10.76 billion (31 December 2009)

$10.92 billion (31 December 2008)

$13.39 billion (31 December 2007)

tea, coffee, corn, wheat, sugarcane, fruit, vegetables; dairy products, beef, pork, poultry, eggs

small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminum, steel, lead; cement, commercial ship repair, tourism

4% (2010 est.)

5.223 billion kWh (2008 est.)

4.863 billion kWh (2008 est.)

58.3 million kWh (2007 est.)

22.5 million kWh (2007 est.)

0 bbl/day (2008 est.)

76,000 bbl/day (2009 est.)

7,270 bbl/day (2007 est.)

80,530 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

-$1.414 billion (2010 est.)

-$1.611 billion (2009 est.)

$5.141 billion (2010 est.)

$4.459 billion (2009 est.)

tea, horticultural products, coffee, petroleum products, fish, cement

UK 11.31%, Netherlands 9.81%, Uganda 9.07%, Tanzania 8.83%, US 5.93%, Pakistan 5.63% (2009)

$10.4 billion (2010 est.)

$9.715 billion (2009 est.)

machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics

India 11.67%, China 10.58%, UAE 9.32%, South Africa 8.36%, Saudi Arabia 6.53%, US 6.25%, Japan 5.1% (2009)

$4.585 billion (31 December 2010 est.)

$3.85 billion (31 December 2009 est.)

$7.935 billion (31 December 2010 est.)

$7.795 billion (31 December 2009 est.)

$2.337 billion (31 December 2010 est.)

$2.129 billion (31 December 2009 est.)

$338 million (31 December 2010 est.)

$288 million (31 December 2009 est.)

Kenyan shillings (KES) per US dollar - 79.217 (2010), 77.35 (2009), 68.358 (2008), 68.309 (2007), 72.101 (2006)