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Kenya is a lower middle income economy, with Kenya's GDP hitting $121 billion as of 2024. This is due to increasing technology innovation services. Although Kenya's economy is the largest and most developed in eastern and Central Africa, 25% (2023/2024) of its population lives below the international poverty line. [1]
As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions." [11] "National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates ...
The international poverty rate used by the World Bank is used in the following list. The estimates can therefore differ from other estimates, like the national poverty rate. Poverty is a significant problem in Kenya. According to estimates by Oxfam, the richest 0.1 percent in Kenya own more wealth than the bottom 99.9%. [1]
The idea of the poverty line dates back to 1963, when Mollie Orshansky, a statistician for the Social Security Administration, developed a method to measure how many families were unable to afford...
In the report, the Kenya National Commission ... (53% of the population lives below the poverty ... In 2023, Kenya is in the process of constructing five industrial ...
The 2018 budget policy report set a budget of US$30B. ... Kenya but also in the whole of East Africa—was launched in October 2023. [105] ... of Kenya by poverty rate;
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
15 April – SpaceX launches Earth observation satellite TAIFA-1, Kenya's first operational satellite, from Vandenberg Space Force Base on a Falcon 9 Block 5 rocket. The satellite will collect environmental data, including on floods, droughts and wildfires. [3] 19 June – Kenya signs a trade deal with the European Union (EU). [4]