Kenya

The Republic of Kenya

Capital: Nairobi

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Short name Kenya
Official  name Republic of Kenya
Location East Africa
Capital Nairobi
Population 34,707,817 inhabitants
Area 580,367 km²
Languages Swahili, English (official) and indigenous languages
Religions Protestantism, Roman Catholicism and Islam

The Republic of Kenya is a country in Eastern Africa.

Situated on the equator on Africa’s east coast, Kenya has been described as “the cradle of humanity”.

A country in East Africa, the Republic of Kenya borders the Indian Ocean to the southeast, Tanzania to the south, Uganda to the west, Sudan to the northwest, Ethiopia to the north, and Somalia to the northeast. The capital is Nairobi. The total area is 580 km and the population is 34 million. There are over 40 different ethnic groups in Kenya. Mount Kenya is the second highest in Africa and the country takes its name from the mountain.

 

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Kenya is the 106th largest export economy in the world and the 92nd most complex economy according to the Economic Complexity Index (ECI). In 2014, Kenya exported $5.96B and imported $18B, resulting in a negative trade balance of $12B. In 2014 the GDP of Kenya was $60.9B and its GDP per capita was $2.95k.

 

The top export destinations of Kenya are Zambia ($741M), Tanzania ($646M), Uganda ($569M), the Netherlands ($519M) and the United States ($519M). The top import origins are China ($4.9B), India ($4.39B), Japan ($928M), Malaysia ($739M) and South Africa ($718M).

 

Kenya borders Ethiopia, Somalia, South Sudan, Tanzania and Uganda.

 

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Trade Balance

As of 2014 Kenya had a negative trade balance of $12B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $656M in net imports.

 

Exports

The top exports of Kenya are Tea ($957M), Refined Petroleum ($721M), Cut Flowers ($700M), Coffee ($227M) and Legumes ($170M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($4.03B), Cars ($522M), Delivery Trucks ($460M), Packaged Medicaments ($413M) and Wheat ($375M).

In 2014 Kenya exported $5.96B, making it the 106th largest exporter in the world. During the last five years the exports of Kenya have increased at an annualized rate of 4.5%, from $4.79B in 2009 to $5.96B in 2014. The most recent exports are led by Tea which represent 16.1% of the total exports of Kenya, followed by Refined Petroleum, which account for 12.1%.

 

Imports

 

 

 

In 2014 Kenya imported $18B, making it the 81st largest importer in the world. During the last five years the imports of Kenya have increased at an annualized rate of 10.8%, from $10.8B in 2009 to $18B in 2014. The most recent imports are Refined Petroleum ($4.03B), Cars ($522M), Delivery Trucks ($460M), Packaged Medicaments ($413M) and Wheat ($375M) are the top imports in Mauritius.

 

 

Destinations

The top export destinations of Kenya are Zambia ($741M), Tanzania ($646M), Uganda ($569M), the Netherlands ($519M) and the United States ($519M).

Origins

The top import origins of Kenya are China ($4.9B), India ($4.39B), Japan ($928M), Malaysia ($739M) and South Africa ($718M).

 

Finance and Investment

Kenya is the hub for east and central African financial services and the Nairobi Stock Exchange ranked as Africa’s fourth in terms of market capitalization.

The Central Bank of Kenya (CBK) supervises the banking system. There were 43 commercial banks in 2004.

Kenya: Donor Relations

Since Kenya is nonaligned, it has seen significant investment from the West as well as China and Russia. China has been taking a more prominent role in recent years.

70 percent of the population is employed directly or indirectly in agriculture. Half of the output is subsistence farming. Agriculture and tourism, the two sectors on which Kenya relies, are vulnerable to boom and bust cycles.

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