Kenya’s economy increases after authorities rebase GDP

nairobi city county
[Image source: African Arguments | Credit: Nina R.]

Kenyan Wall Street |

Kenya’s gross domestic product jumped higher after the government changed the base calculation year to 2016 from 2009, sending the east African nation’s revised nominal GDP to Sh10.75 trillion ($102 Bn) in 2020, the 6th largest economy in Africa.

The statistics office also estimated that Kenya’s real GDP however contracted by 0.3% in 2020 from a growth of 5% growth in 2019…

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