Kenya to achieve Vision 2030 next month after we rebase our GDP. Benjamin Macharia Muchiri, senior manager at the Kenya National Bureau of Statistics, said the gross domestic product for 2009, the new base year, was “about 20 per cent higher than previously estimated”. He added: “Preliminary results for other years between 2006 and 2011 show revised GDPs going up by between 15 to 25 per cent.” The increase – expected to be announced in May, although 2014 quarterly figures will not be updated until September – would push Kenya’s GDP for 2009 to about $37bn. Applying the same jump to 2013 could put the country’s economy above $50bn. At that level, Kenya, a nation of more than 43m people, will enjoy a GDP per capita of more than $1,136, up from a current estimate of $943, and within the benchmark of $1,036 set by the World Bank for middle-income nations. Financial Times
Posted on: Fri, 11 Apr 2014 08:03:30 +0000
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