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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]
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] 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.
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
This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). ... Kenya: 375.356: 6,061.42: 2024
The region has also seen rapid growth in tourism with Tanzania and Kenya pioneering tourism due to safari parks. Nairobi and Addis Ababa are the main financial hubs in East Africa. [5] Ethiopia and Kenya account for 55% of East Africa's GDP. East Africa accounts for 18% of Africa's GDP.
The following two tables are lists of the 20 largest contributors to global economic growth from ... growth rates 1990-2015 Country or Area GDP ... Kenya: 12.18: 64. ...