Tony254
JF-Expert Member
- May 11, 2017
- 16,017
- 16,431
China thrashes U.S in gdp ppp but U.S thrashes China in gdp norminal. Tanzania thrashes Kenya in gdp ppp but Kenya thrashes Tanzania in gdp norminal. Sijui kitu rahisi kama hio inawatatanisha sana kwa nini?Actually there is a need to rebase the Tanzanian GDP or their government is deliberately undervalueing their currency(Tsh) the way china does to promote their exports.
And since Tz exports are almost twice what kenya exports which has a larger GDP.
Hard to belive that Kenya(middle income) can get thrashed in both GDP (PPP) AND GNI by a LDC