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Kenya's services sector, which contributes about 63 percent of GDP, is dominated by tourism. The tourism sector exhibited steady growth in most years since independence and by the late s had become the country's principal source of foreign exchange.
In the late s, tourism relinquished this position to tea exports because of a terrorism-related downturn.
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The downturn followed the bombing of the U. S Embassy in Nairobi and later negative travel advisories from Western governments.
Kenya has also contributed to boosting hospitality in other countries, the Nairobi headquartered Serena Hotel is the most consistently high-rated hotel in Pakistan. Tourists, the largest number from Germany and the United Kingdom, are attracted to the coastal beaches and the game reservesnotably, the expansive Tsavo East National Park and Tsavo West National Park 20, square kilometres in the southeast.
The government and tourist industry organisations have taken steps to address security issues and to reverse negative publicity. Such steps include establishing a tourist police and launching marketing campaigns in key tourist origin markets. As of late Julythe system consisted of 43 commercial banks down from 48 inseveral non-bank financial institutionsincluding mortgage companies, four savings and loan associations, and several score foreign-exchange bureaus.
Most of the many smaller banks are family-owned and -operated.
The number employed outside small-scale agriculture and pastoralism was about 6 million. In about 15 percent of the labour force was officially classified as unemployed.
Other estimates place Kenya's unemployment much higher, even up to 40 percent. In recent years, Kenya's labour force has shifted from the countryside to the cities, such as Nairobi, as Kenya becomes increasingly urbanised.
In65 percent of women were employed in some type of labour and 76 percent of men were employed. Twice as many men as women hold wage jobs, and more men work principally in wage jobs than on family farms.
Most Kenyans are now striving get modern, wage jobs. As a result, informal sector employment does not contribute to Kenya's Gross Domestic Product GDP like that of the formal agriculture industry. The World Bank characterizes non-farm self-employment to include jobs being a "street vendor, shop owner, dressmaker, assistant, fishmonger, caterer, etc.
The men make up 1. Most members of the informal sector have low education attainment but are responsible for providing all of their own skilled labour through apprenticeships while also training almost all of its skilled workforce.Health, Income, and Inequality. Even if economic policy has no direct effect on health, the positive correlation between health and economic status implies that social inequalities in wellbeing are wider than would be recognized by looking at income alone.
1. The economy of Uganda grew percent year-on-year in the second quarter of , easing from a downwardly revised percent expansion in the previous period.
The conceptual framework of an ICP comparison is determined by the definition of GDP, which for the and rounds of the ICP was the internationally agreed-on definition of GDP in the System of National Accounts (SNA93), and SNA for the current comparison cycle.
To make meaningful comparison, PPP is used to compare economies and incomes of people by adjusting for differences in prices in different countries.
This list contains projected GDP's of Countries/Economies in current prices (U.S. dollars) of year and IndexMundi contains detailed country statistics, charts, and maps compiled from multiple sources.
You can explore and analyze thousands of indicators organized by . The Global Competitiveness Report – | 15 The Global Competitiveness Index – Australia 21 21 20 Luxembourg 22 22 22 France 23 23 21 Malaysia 24 24 25 The Global Competitiveness Index – rankings and – comparisons GcI – Country/Economy.