Kenya's economy has been running on one engine. Kenya's strong engine is domestic consumption, which accounts for 75 percent of Gross Domestic Product (GDP). Kenya's weak engine remains its exports, which have been declining sharply in relative importance. Kenya's top four main exports do not earn enough to pay for oil imports, not to mention other imports. It will be very difficult for Kenya to achieve high growth over an extended period of time...
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DETAILS
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2012/08/01
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Working Paper
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77028
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1
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1
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2013/04/29
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Disclosed
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Kenya exports performance overview
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Poverty Reduction & Economic Management
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Kenya exports performance overview (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/933041468278359551