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 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 Welfare & population What is the unemployment rate in Kenya? Source Kenya National Bureau of Statistics, Quarterly Labour Force Report 2022 (Quarter 4) Short answer What is the unemployment rate in Kenya? The unemployment rate, measured based on the strict definition of not working, seeking work in the last four weeks and available to work, was 4.9% in the fourth quarter of 2022. ... Back Full answer
Economy What is the GDP per capita of Kenya? Source World Bank: GDP per capita (current US$) - Kenya Short answer What is the GDP per capita of Kenya? Kenya Gross Domestic Product (GDP) per Capita reached US$ 2,099.3 in December 2022. ... 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
Economy What is Ghana’s inflation rate? Source Ghana Statistical Service (GSS): Consumer Price Index Bulletin October 2023 Short answer What is Ghana’s inflation rate? In October 2023, Ghana's annual inflation rate was recorded at 35.2%. This is a decline from the previous month's rate of 38.1%, and it is the lowest in 14 months. Despite the decline, Ghana’s inflation rate remains well above the central bank's target range of 6% to 10%. ... Back Full answer
Economy What is Ghana’s annual GDP growth rate? Source African Development Group: Ghana Economic Outlook Short answer What is Ghana’s annual GDP growth rate? Ghana’s real GDP growth - which accounts for inflation - slowed from 5.4% in 2021 to 3.3% in 2022 due to macroeconomic instability, global financial tightening and the spillover effects of Russia’s invasion of Ukraine. ... Back Full answer
Economy What is the unemployment rate in Ghana? Source World Bank: Unemployment, total (% of total labor force) (modeled ILO estimate) - Ghana Short answer What is the unemployment rate in Ghana? According to data from the World BankGhana's unemployment rate was 3.9% in 2022. ... Back Full answer