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Kenya may reach middle income status by 2016

Discussion in 'Kenyan News and Politics' started by Mwembetayari, Jun 10, 2012.

  1. M

    Mwembetayari JF-Expert Member

    #1
    Jun 10, 2012
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    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.com

     
  2. Ndahani

    Ndahani JF-Expert Member

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    Jun 10, 2012
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    All the best..I hope this reflects what is actually happening on ground
     
  3. M

    Mwembetayari JF-Expert Member

    #3
    Jun 10, 2012
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    This is actually a reflection of what is happening on the ground, infrastructure development and the rise of the middle class.
     
  4. Mekatilili

    Mekatilili JF-Expert Member

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    Jun 19, 2012
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    Great news for the people and the country! Let us focus on growth and what unites us!
     
  5. Mwanahisa

    Mwanahisa JF-Expert Member

    #5
    Jul 1, 2012
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    Middle income is a wider term in Economics, unfortunately we don't have a theory for "MAY" in Economics only "WHAT IF"
     
  6. livefire

    livefire JF-Expert Member

    #6
    Jul 1, 2012
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    wewe naye uliamkia pasipo ama?
     
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