Economy of Kenya

The currency of the Kenya is the schilling of Kenya (KES). Its foreign exchange rate (in April 2007 is d´environ 1 Euro for 103 Shilling of Kenya.

GDP of the country is of 19,04 billion dollars is 555,8 dollars per capita. Its growth rate is of 4,8%, whereas the rate of inflation of the country is of 17,9%.

Kenya has a budget balance of -1,8% of the GDP and a trade balance of - 2,1 billion dollars.

Its main customers are l´ Uganda (12,8%), the the United Kingdom (11,6%), the Netherlands (8,3%), the Pakistan (5,1%), l´ Egypt (4,7%) and the Tanzania (4,3%). Its leading vendors are l´ WATER (13,2%), l´ Saudi Arabia (9,6%), l´ South Africa (9,3%), the the United States (8,0%), the United Kingdom (7,2%), the China (6,7%), the Japan (5,4%) and l´ India (4,9%).

An industry of the cut flowers (production, transformation and sale) developed. It makes live: 500000 Kenyans and reports to the nation's economy 200 million dollars per annum, constituting the third source of entry of currencies of the country, after the and tourism. It accounts for 15% of its exports. Thus, Kenya became the first supplier of pinks of the European Union.

Source

OECD 2005

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