Economy What is Kenya’s economic growth rate? Source World Bank: The Kenya Economic Update (KEU) Short answer What is Kenya’s economic growth rate? Kenya’s economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% in 2022 to an estimated 5% in 2023. This is according to the 28th edition of Kenya Economic Update (KEU). ... Back Full answer
Economy How much debt does Kenya have? Source Central Bank of Kenya, Monthly Economic Indicators –January 2024 Short answer How much debt does Kenya have? The Kenyan central bank reported the total public debt was KSh11.24 trillion as of January 2024. An estimated 55.1% is external debt owed to foreign creditors, including countries and multilateral institutions, and 44.9% is domestic debt owed to banks, pension funds, insurance companies, and individ... Back Full answer
Economy Which three countries in Africa have the least debt? Source Regional Economic Outlook IMF Sub-Saharan Africa: A New Shock and Little Room to Maneuver Short answer Which three countries in Africa have the least debt? According to the International Monetary Fund, The Democratic Republic of Congo (11% of its GDP), Botswana (21% of its GDP), and Equatorial Guinea (26%) have the least debt. ... Back Full answer
Economy Which West African country receives the most foreign direct investment? Source UNCTAD: World Investment Report 2023 Short answer Which West African country receives the most foreign direct investment? Senegal was West Africa's largest recipient of foreign direct investment (FDI) in 2022 with $2.6 billion. Nigeria, previously West Africa's largest recipient, saw FDI flows turn negative to -$187 million in 2022 as a result of equity divestments. ... Back Full answer
#YouAsked Economy What countries have the largest economies in Africa? Source IMF: World Economic Outlook (2023) Short answer What countries have the largest economies in Africa? Nigeria and Egypt lead the way as Africa's biggest economies, each with a GDP of $477 billion, followed by South Africa with a GDP of $406 billion in 2022. ... Back Full answer
Economy Which are the three countries in Africa that are the most indebted? Source International Monetary Fund - Regional Economic Outlook: Sub-Saharan Africa: The Big Funding Squeeze Short answer Which are the three countries in Africa that are the most indebted? Eritrea (146% of its GDP), Cabo Verde (120% of its GDP), Mozambique and Zimbabwe (both 102% of their GDP) have the highest debt, according to the International Monetary Fund. ... Back Full answer
#YouAsked Economy Which is Africa’s fastest-growing economy? Source African Economic Outlook 2023 Short answer Which is Africa’s fastest-growing economy? Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Tanzania are among the world’s 10 fastest-growing economies in 2023-24. ... Back Full answer
Economy Is Ghana one of the world’s heavily indebted poor countries? Source World Bank Heavily indebted poor countries (HIPC) Short answer Is Ghana one of the world’s heavily indebted poor countries? The International Monetary Fund and the World Bank’s Heavily Indebted Poor Countries (HIPC) initiative aims to ensure that “no poor country faces a debt burden it cannot manage”. Of the 42 countries on the list, 34 are in Africa – including Ghana. ... Back Full answer
Economy Which sector contributes most to Ghana’s GDP? Source Ghana Statistical Service (GSS): Newsletter - Quarterly Gross Domestic Product (QGDP) First Quarter 2023 Short answer Which sector contributes most to Ghana’s GDP? Services remained the largest sector of the Ghanaian economy in the first quarter of 2023, accounting for 47% of GDP at basic prices. Industry and agriculture accounted for32% and 21% of GDP respectively. ... Back Full answer