Kenya's GDP hits $85 billion as Tz breaks the $50 billion mark.

Geza Ulole said:

Kenya is not East African largest economy Ethiopia has that title! I see fools at the Reuters calling Tanzania third largest economy but Kenya not second. Double standard of highest order.

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NairobiWalker said:

According to IMF, Kenya's GDP nominal hit $85.9 billion this year.

Report for Selected Countries and Subjects

Tanzania isn't doing that bad either. Despite the increasing gap between Tanzania and East Africa's largest economy that now stands at over $30 billion, Tanzania managed to crack the $50 billion mark to stand at $55.67 billion.
Report for Selected Countries and Subjects

This puts the GDP of East Africa's largest economy at a point higher than the two subsequent economies combined.

God bless East Africa.

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NairobiWalker said:

I'm talking about the East African Community. Yes, Ethiopia is up there with us at $87 billion though with twice our population.

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Geza Ulole said:

read paragraph 3

AFRICATECH
APRIL 5, 2018 / 6:53 PM / 3 DAYS AGO
Tanzania's PM revises GDP growth for 2017 to 7.1 pct from 7.0 pct
Fumbuka Ng'wanakilala
DAR ES SALAAM, April 5 (Reuters) - Tanzania’s economy grew around 7.1 percent last year, beating the government’s own revised forecast, Prime Minister Kassim Majaliwa said.

In November, the East African country trimmed its gross domestic product (GDP) to 7.0 percent from 7.1 percent. That forecast had also been revised from 7.4 percent.

But Majaliwa said East Africa’s third-largest economy grew faster than expected last year owing to an increase in mining activity.

“Latest data ... shows that the country’s gross domestic product grew 7.1 percent in the period between January and December 2017, compared to a GDP growth of 7.0 percent in 2016,” Majaliwa said in the parliamentary presentation obtained by Reuters.

The session on Monday was held behind closed doors.


Full-year GDP growth in 2017 was driven by mining and quarrying (17.5 percent), transport and storage (16.6 percent) and construction (14.7 percent) activities, he said.

The World Bank cut its forecast for Tanzania’s full-year GDP growth in November to 6.6 percent due to slowdowns in public spending and growth of credit to the private sector.

Tanzania has pledged to boost public investment in infrastructure projects, including a standard gauge railway, new roads and an expansion of ports.

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NairobiWalker said:

**** off dude. We are not talking about rates, we are talking about figures. Kenya's GDP is 85.9 while Tanzania's is 55.67. That's the major reason for this thread.

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Geza Ulole said:

And u have hunger in that over $80 bln GDP!

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NairobiWalker said:

According to IMF, Kenya's GDP nominal hit $85.9 billion this year.

Report for Selected Countries and Subjects

Tanzania isn't doing that bad either. Despite the increasing gap between Tanzania and East Africa's largest economy that now stands at over $30 billion, Tanzania managed to crack the $50 billion mark to stand at $55.67 billion.
Report for Selected Countries and Subjects

This puts the GDP of East Africa's largest economy at a point higher than the two subsequent economies combined.

God bless East Africa.

Click to expand...

Barbarosa said:

Gap imepungua sana mpaka miaka ya 90’s Kenyan economy ilikuwa twice as big as TZs, hivyo TZ ina catch up!

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kirk git said:

Kenya rebased its economy by adding 20% in order to borrow more loans.

Now they are borrowing money to repay older loans.

Fake economy!

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NairobiWalker said:

Gap imeongezeka sana, miaka ya 1980s Tanzania ilikua na GDP kubwa kuliko Kenya sahii kuna gap ya $30 billion.

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Barbarosa said:

Siyo kweli haujui unachokiongea, TZ haijawahi kuwa na Economy mkubwa klk Kenya kwanza TZ miaka ya 70 na 80 yote tulikuwa na negative economic growth, TZ kwa mara ya kwanza tumeanza kukuwa kuanzia 90’ baada ya opening up to the World!

Uchumi wa Kenya mpaka miaka ya 90 ulikuwa mkubwa mara mbili ya Uchumi wa TZ, hivyo gap imepungua sana na kama trend ikiendelea hivi TZ itaishika Kenya!

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kirk git said:

Kenya rebased its economy by adding 20% in order to borrow more loans.

Now they are borrowing money to repay older loans.

Fake economy!

Click to expand...

Barbarosa said:

Siyo kweli haujui unachokiongea, TZ haijawahi kuwa na Economy mkubwa klk Kenya kwanza TZ miaka ya 70 na 80 yote tulikuwa na negative economic growth, TZ kwa mara ya kwanza tumeanza kukuwa kuanzia 90’ baada ya ,,opening up to the World” !

Uchumi wa Kenya mpaka miaka ya 90 ulikuwa mkubwa mara mbili ya Uchumi wa TZ, hivyo gap imepungua sana na kama trend ikiendelea hivi TZ itaishika Kenya!

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NairobiWalker said:

Please, bring proof that in the 90s Kenya's GDP was twice that of Tanzania.

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Barbarosa said:

Soma history of TZ economy iko hata Wikipedia, TZ imeanza kuwa na positive growth kuanzia 90’ kabla ya hapo ilikuwa ni negative growth 80’ na 70’ wkt Kenya ilikuwa inakuwa kwa kasi!

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Barbarosa said:

Siyo kweli haujui unachokiongea, TZ haijawahi kuwa na Economy mkubwa klk Kenya kwanza TZ miaka ya 70 na 80 yote tulikuwa na negative economic growth, TZ kwa mara ya kwanza tumeanza kukuwa kuanzia 90’ baada ya ,,opening up to the World” !

Uchumi wa Kenya mpaka miaka ya 90 ulikuwa mkubwa mara mbili ya Uchumi wa TZ, hivyo gap imepungua sana na kama trend ikiendelea hivi TZ itaishika Kenya!

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