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From 1994 to 1996, Kenya's real GDP growth rate averaged just over 4% a year. [46] Kenya's economic performance since independence. In 1997, however, the economy entered a period of slow growth, due in part to adverse weather conditions and reduced economic activity before the general elections in December 1997.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country. List of countries by GNI per capita growth measures changes in gross national income per capita.
Economic growth in the early 2020s According to 2024 estimates by the African Development Bank Group, African countries are projected to account for more than half of the world fastest growing economies; in particular, Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year. Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most ...
This is a list of countries by real GDP per capita growth rate. ... Kenya: 3.4: 2023 Kiribati: 2.5 ... Economic growth; Sources
Ethiopia and Kenya boasts the highest GDP in East Africa while the Seychelles and Mauritius has the highest GDP per capita. The total combined GDP of East Africa is ...
While there have been some encouraging signs of economic recovery, especially in the United States, the global economic growth seems to be losing momentum. According to the IMF's World Economic Outlook report published in April 2012, "global growth is projected to drop from about 4 percent in 2011 to about 3½ percent in 2012 because of weak ...
The stimulus was a response to the decline in the economic growth rate from 7.1% in 2007 to 1.7% in 2009. [4] The total budget allocated amounted to KSh.22 billion/= [5] (260 million US$), with the money going towards the construction of schools, horticultural markets, jua kali sheds and public health centres in all the 210 constituencies.