Topic: Kenya may reach middle income status by 2016

Kenya could reach a middle income status in the next four years if the current growth rates are sustained, a new study has shown.

The United Nations Economic Commission for Africa (UNECA) forecasts that Kenya’s annual gross national product (GDP) per person will be $1,030 (Sh88,000) in 2016 against the threshold of $1,000 (Sh85,400) per capita used to categorise economies as middle income.

The study brings closer the reality the Vision 2030 aspirations of making Kenya a middle income economy.

A key assumption of the study is that a growth rate of at least 4.5 per cent, the projected rate for this year, will be maintained for the next four years.

In 2011, Kenya’s real GDP per capita was $830.5 (Sh71,000), having risen from $526 (Sh45,000) in 2005.
Kenya may reach middle income status by 2016 *- Politics and policy*|businessdailyafrica.co m

All the best..I hope this reflects what is actually happening on ground

By Ndahani

All the best..I hope this reflects what is actually happening on ground

This is actually a reflection of what is happening on the ground, infrastructure development and the rise of the middle class.

Great news for the people and the country! Let us focus on growth and what unites us!

Middle income is a wider term in Economics, unfortunately we don't have a theory for "MAY" in Economics only "WHAT IF"

By Mwanahisa

Middle income is a wider term in Economics, unfortunately we don't have a theory for "MAY" in Economics only "WHAT IF"

wewe naye uliamkia pasipo ama?