Editing Economy of Kenya (section)

==Challenges==
The economy's heavy dependence on rain for its agriculture leaves it vulnerable to periods of high inflation during droughts.<ref>{{Cite web |title=Impacts of protracted drought and high inflation rates drive widespread Emergency (IPC Phase 4) {{!}} FEWS NET |url=https://fews.net/east-africa/kenya/food-security-outlook-update/august-2022 |access-date=2024-03-09 |website=fews.net |language=en |archive-date=9 March 2024 |archive-url=https://web.archive.org/web/20240309191937/https://fews.net/east-africa/kenya/food-security-outlook-update/august-2022 |url-status=live }}</ref> The agricultural sector employs nearly 33% of the total labour force.<ref>{{Cite web |title=World Bank Open Data |url=https://data.worldbank.org/ |access-date=2024-03-09 |website=World Bank Open Data |archive-date=26 May 2023 |archive-url=https://web.archive.org/web/20230526025607/https://data.worldbank.org/ |url-status=live }}</ref>

Kenya's economic performance had for a long time been hampered by various factors: heavy dependence on a few agricultural exports vulnerable to global price fluctuations; population growth which has outstripped economic growth; prolonged droughts requiring power rationing; deteriorating infrastructure; and extreme income inequality. Some of these issues have been addressed by policies, with GDP growth increasing, population growth slowing, rapid infrastructural improvements being made and increased electrification rates with more stable power supplies.

Poor [[governance]] and [[Corruption in Kenya|corruption]] also have had a negative impact on growth, making it expensive to do business in Kenya.<ref>{{Cite web |last=Mitchell |first=Travis |date=2016-11-14 |title=3. Kenyans worried about economy and corruption, but optimistic for the future |url=https://www.pewresearch.org/global/2016/11/14/kenyans-worried-about-economy-and-corruption-but-optimistic-for-the-future/ |access-date=2024-03-09 |website=Pew Research Center's Global Attitudes Project |language=en-US |archive-date=9 March 2024 |archive-url=https://web.archive.org/web/20240309191936/https://www.pewresearch.org/global/2016/11/14/kenyans-worried-about-economy-and-corruption-but-optimistic-for-the-future/ |url-status=live }}</ref>

Despite these challenges, two thirds of Kenyans expect living conditions to improve in the coming decades.<ref>The Economist, March 28th 2020, page 4.</ref>