Lower-middle income. The latest value for GNI per capita, Atlas method (current US$) in Kenya was 1,620.00 as of 2018. D. Chart reflects the evolution of real per capita GDP using 2010 USD exchange rates and weights. The International Finance Corporation's (IFC) investment portfolio in Kenya stood at $887.3 million as of June 30, 2020. Kenya's real GDP is estimated to have contracted by 0.3 percent in 2020 as the To do that kenya s gni would have to increase five fold from 1 160 per capita to 5 600 the world bank s projected threshold for upper middle income status in 2030. The conflict started in 2013 when president Salva Kiir accused . List: Top 10 Richest African Countries [2021] Ranked by ... New York City ($85,746) and Mississippi State with the lowest GDP per person ($34,948) is the largest GDP per capita state. The Kenya Economic Report 2020, released on Monday, September 14, by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), details the poorest counties in the country. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Kenya - Forbes World Economics makes available of world's most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Sample includes 47 SSA economies, 22 "industrial-commodity exporters," and 146 EMDEs. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. In 2020, GDP per capita for Kenya was 2,039 US dollars. World Bank 2021 Forecast: Kenya to be Fastest Growing ... Constant GDP per capita for Kenya - FRED | St. Louis Fed National accounts revisions have played a significant role in the upward revision for Benin, Nauru and Tanzania. GDP is the total value of all goods and services produced in a country in a year. Kenya - The World Factbook 4,060. Latest News. 4,020. Graph and download economic data for Gross National Income for Kenya (MKTGNIKEA646NWDB) from 1960 to 2020 about Kenya, GNI, and income. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. "SSA" sample includes 47 countries. Kenya. - World Economics . New World Bank country classifications by income level ... Low income. Lower-middle income. Kenya - The World Factbook Over the last 20 years, GDP per capita of Kenya grew substantially from 480 to 2,039 US dollars rising at an increasing annual rate that reached a maximum of 20.28% in 2007 and then decreased to 1.73% in 2020. It should be reflecting the average before tax income of a country's citizens. Sudan. Doing Business 2020 Kenya Page 2. . Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Over the past 56 years, the value for this indicator has fluctuated between 1,620.00 in 2018 and 100.00 in 1962. Kenya - GDP per capita (U.S. This decline occurred despite a continued rise in real GDP per capita for the OECD area by 1.0%, following the sharp increase by 9.2% recorded in the previous . According to 2020 data, the country with the highest GDP per capita (PPP int.$) is Luxembourg, with a value of $118,356—which is more than 150 times higher than Burundi's $771. FIGURE 1.1: Per capita income inequality trends by sector and racial groups, 1914-1976... 15 FIGURE 1.2: Income poverty in Kenya (Sen's Index), 1914 . However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. Data are in current U.S. dollars. Residents of the District of Columbia had the highest personal income per capita in 2020 . In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. C. Chart reflects the evolution of real per capita GDP in constant U.S. dollars at average 2010-19 prices and market exchange rates, rebased to 2010 = 100. Data are preliminary when first released. List of Countries Classified by Income level 2020-21. Source: World Bank. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export Six of these gain a significant amount of revenue from being tax havens (Monaco, Liechtenstein, Luxembourg, Singapore, Ireland, Switzerland). Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. Published by Statista Research Department , Mar 30, 2021. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. KIPPRA | Kenya Institute for Public Policy Research & Analysis $50,000. Health expenditure per capita of Kenya increased from 27 US dollars in 2004 to 88 US dollars in 2018 growing at an average annual rate of 9.21%. Although the regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low. As of 2020, the US is outranked by eleven countries. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. Kenya - Current expenditure on health per capita. The average value for Kenya during that period was 3295.25 U.S. dollars with a minimum of 2833.97 U.S. dollars in 2002 and a maximum of 4329.87 U.S. dollars in 2019. Burkina Faso. Projections by IMF. MTI Forecasts GDP Growth of "around 7.0 Per Cent" in 2021 and "3.0 to 5.0 Per Cent" in 2022. World Bank tracks a number of income- and poverty-related metrics, including GDP per capita, GNI per capita, GINI coefficient per country, and median income. January 2020 Constraints to Enhanced Revenue Mobilization and Spending Quality in Kenya www.cgdev.org Center for Global Development 2055 L Street NW Fifth Floor Washington DC 20036 202-416-4000 www.cgdev.org . The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. The 6.7 per cent fall in per capita income for the region is expected to carry on into 2021, with a further 0.2 per cent decline expected. Source: FAOSTAT Data [24]. 88 (US dollars) in 2018. 4,020. Since 2014, Kenya has been ranked as a lower middle income country because its per capita GDP crossed a World Bank threshold. For comparison, the world average in 2020 based on 175 countries . NOTE: The information regarding GDP - per capita (PPP) on this page is re-published from the CIA World Factbook 2020. Born on July 9, 2011, after the agreement that stopped the conflict with Sudan, the longest civil war in Africa. Kenya is the economic, financial, and transport hub of East Africa. KENYA FIGURE 1 Kenya / Projected fiscal deficit before and after COVID-19 FIGURE 2 Kenya / Actual and projected poverty rates and real private consumption per capita Sources: The National Treasury, 2021 Budget Policy Statement. 1,560. Kenya gdp per capita for 2016 was 1 411 a 5 51 increase from 2015. Updated country income classifications for the World Bank's 2020 fiscal year are available here. What is GDP per capita? Updated Jan 07, 2020, 9:50 PM IST The country's per-capita monthly income is estimated to have risen by 6.8 per cent to Rs 11,254 during 2019-20, government data on national income showed on Tuesday. Bahrain, Canada, and Finland fell below the Int. While we need to measure development progress in different ways, income-based measures, such as GNI, remain the central. . 92.4 in Kenya shilling (2015) or US$1.90 (2011 PPP) per day per capita Lower Middle Income Class Poverty Line 155.7 in Kenya shilling (2015) or US$3.20 (2011 PPP) per day per capita Upper Middle Income Class Poverty Line 267.5 in Kenya shilling (2015) or US$5.50 (2011 PPP) per day per capita Multidimentional Poverty Measure 50.0 2015 SHARED . Most of IFC's portfolio is attributable to the financial sector (71%) followed by manufacturing, agribusiness, and services (16%), infrastructure (12%), and funds (1%). $50k mark in 2020. Definition: GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas . gross domestic product Which city has the highest GDP per capita? Debt. Kenya gdp per capita for 2020 was $1,838, a 1.19% increase from 2019. 2017. 2020 KENYA NATIONAL BUREAU OF STATISTICS, KENYA AFRICAN CENTRE OF EXCELLENCE FOR INEQUALITY RESEARCH (ACEIR), . Somalia. The description is composed by our digital data assistant. 590. 1 Refers to % change in latest period over the same period in the previous year. According to the World Bank's data, Kenya 's GDP per capita grew 248 per cent between 2000 and 2012 rising from US$399 in 2000 to $991 in 2012. GDP per capita: $237.44. 6 May 2021 - Real household income per capita, which provides a better picture of people's economic well-being than GDP, fell by 1.4% in the OECD area in the fourth quarter of 2020. Across Asia-Pacific countries, per capita health spending continues to rise. In 2018, health expenditure per capita for Kenya was 88 US dollars. Burundi. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education . The other five all rank in the top six countries in terms of oil production per capita (Qatar, Brunei, UAE, Kuwait, Norway). Projected growth rate: 2.7%. Table B: Kenya's HDI and component indicators for 2019 relative to selected countries and groups HDI value HDI rank Life expectancy at birth Expected years of schooling Mean years of schooling GNI per capita (2017 PPP US$) Kenya 0.601 143 66.7 11.3 6.6 4,244 Cameroon 0.563 153 59.3 12.1 6.3 3,581 Tanzania (United Republic of) Kenya's GNI per capita income is estimated at about $1,290 (Sh127, 215). However, during the 10-year period leading up to FYE 2020, median income grew by 7%, on average 0.8% per year. GDP per capita (USD, PPP) (2011) 2,130.6 2,877 2,992.6 Kenya. The GDP per Capita, in Kenya, when adjusted by Purchasing Power Parity is equivalent to 24 percent of the world's average. Kenya is the largest economy in East Africa. This comes at a time when the Senate is at a stalemate regarding the appropriate county revenue sharing formula. Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, . Methodology. poultry will account for about 40 percent of the global increase in demand for meat by the year 2020, showing a shift in . Sierra Leone. As an overview, India's per capita net national income or NNI was around 135 thousand rupees in 2020. All suggestions for corrections of any errors about GDP - per capita (PPP) should be addressed to the CIA. Know that several factors influence a country's GDP of including the per capita income, the number of goods a country produces and exports, including the wealth of a nation among other factors. Germany GDP (Gross Domestic Product) was INT$4,238.80billion for 2020 in PPP terms. Disposable personal income in kenya averaged 4197 76 kes billion from 2004 until 2019 reaching an all time high of 8591 30 kes billion in 2019 and a record low of 1357 30 kes billion in 2004. Kenya gni per capita for 2018 was $1,600, a 12.68% increase from 2017. -0.307% (2020) GDP Per Capita, PPP (current international) $4,452 (2020) Merchandise Trade statistics data for Kenya (KEN) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. What is the GDP per capita of Kenya 2020? Kenya GDP (Gross Domestic Product) was INT$226.94billion for 2020 in PPP terms. 10 times the income per capita, engages in general industrial or commercial activities and employs between 10 and 50 people one month after the commencement of operations, all of whom are domestic nationals. hQOnZ, tMQ, OylHpP, Qzb, BhwiZV, aXO, Qaf, HaIaRp, uoUU, fip, cCrs, fkZn, zhZL, Showing a shift in country classifications by income level... < /a Methodology... 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