Flag description: three equal horizontal bands of black (top), red, and green; the red band is edged in white; a large warrior's shield covering crossed spears is superimposed at the center
Economy
Economy - overview: Since 1993, the government of Kenya has implemented a program of economic liberalization and reform. Steps have included the removal of import licensing and price controls, removal of foreign exchange controls, fiscal and monetary restraint, and reduction of the public sector through privatization of publicly owned companies and downsizing the civil service. With the support of the World Bank, IMF, and other donors, these reforms have led to a turnaround in economic performance following a period of negative growth in the early 1990s. Kenya's real GDP grew at 5% in 1995 and 4% in 1996, and inflation remained under control. Substantial barriers to growth and development remain, including electricity shortages, the government's continued and inefficient dominance of key sectors, endemic corruption, and the country's high population growth rate (which has declined substantially in recent years).
GDP: purchasing power parity - $39.2 billion (1996 est.)
GDP - real growth rate: 4% (1996 est.)
GDP - per capita: purchasing power parity - $1,400 (1996 est.)
GDP - composition by sector: agriculture: 29.7% industry: 11.1% services: 59.2% (1995 est.)
Inflation rate - consumer price index: 1.6% (1995 est.)
Labor force: total: 8.78 million (1993 est.) by occupation: agriculture 75%-80%, non-agriculture 20%-25%
Unemployment rate: 35% urban (1994 est.)