Kenya Economy is the 17th poorest economy in the world. Kenya is a lower income country coming under the Sub-Saharan Africa region, according to
Classification of economies by income and region, FY 2005 made by the World Bank.
The Government of Kenya has started the economic reforms and Liberalization policies in the year 1993. The ministry of Finance and the central Bank have undertaken a series of economic measures with the assistance of the World Bank and the International Monetary Fund. Through this programme the government eliminated price controls and import licensing, removed foreign exchange controls, privatized a range of publicly owned companies, reduced the number of civil servants, and introduced conservative fiscal and monetary policies.
The country had a surface area of 580.4 thousand square Kilometers in the year 2003.
Demography And Social Indicators of Kenya Economy
The total population of the country in the year 2004 was estimated at 32.4 millions in comparison to 31.9 millions in the previous year.
The annual percentage growth of population in the country was 1.7 in the year 2004 in comparison to 1.8 percent in the previous year.
The above table shows that the rate of growth of population in Kenya has declined from 2.3 percent in the year 2000 to 1.7 percent in 2004.
The Life Expectancy years of the country in the year 2003 was 45.4.
The Infant Mortality rate per 1,000 life births in the country was 79.0 in the year 2003.
Key Economic Indicators of Kenya Economy
The Gross National Income, Atlas method of the country (Current US $) has reached 15.0 billions in the year 2004.The GNI percapita Atlas method (Current US $) in the country was 460.0 in year 2004.
The Gross Domestic Product (Current $) in the country was 15.6 billions in the year 2004 with an annual growth rate of 2.1 percent.
The average annual growth rate of GDP for the country is estimated at 3.2 percent for the period of 2004-08.
The following table represents the Average Annual Growth rate Of GDP in Kenya in the recent years.
