IMF WORLD ECONOMIC OUTLOOK REPORT, OCT. 2016 UPDATE

News & Politics
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IMF releases this report twice a year, in April and October with the intention of showing the health of the our world’s economy. The countries I have considered in the rankings below are those with a nominal GDP of above US $20 billion, the 18 out of 54 big boys of Africa.

Africa’s biggest GDPs are (Nominal GDP in Billion US$)
Nigeria - 415.08
Egypt - Not Available (2015 - 330.16)
South Africa - 280.37
Algeria - 168.32
Morocco - 104.91
Sudan - 94.30
Angola - 91.94
Ethiopia - 69.22
Kenya - 69.17
Tanzania - 46.70
Ghana - 42.76
Tunisia - 42.39
D.R Congo - 39.82
Libya - 39.39
Cote D’Ivoire - 34.65
Cameroon - 30.87
Uganda -25.61
Zambia - 20.57

As for GDP PPP in Billion US$
Egypt - 1,105.04
Nigeria - 1,088.94
South Africa - 736.33
Algeria - 609.39
Morocco - 282.78
Angola - 187.26
Sudan - 176.30
Ethiopia - 174.74
Kenya - 152.74
Tanzania - 150.63
Tunisia - 130.83
Ghana - 120.79
Libya - 90.89
Cote D’Ivoire - 87.12
Uganda -84.93
Cameroon - 77.24
D.R Congo - 66.01
Zambia - 65.17

As for GDP Nominal Per Capita in US $
Libya - 6,169.31
South Africa - 5,018.22
Algeria - 4,129.27
Tunisia - 3,776.71
Egypt - Not Available (2015 - 3,709.65)
Angola - 3,360.41
Morocco - 3,101.31
Sudan - 2,381.31
Nigeria - 2,260.35
Ghana - 1,550.81
Kenya - 1,521.86
Cote D’Ivoire - 1,424.27
Cameroon - 1,303.37
Zambia - 1,230.70
Tanzania - 960.15
Ethiopia - 758.99
Uganda - 623.39
D.R Congo - 473.32

As for GDP PPP Per Capita in US $
Algeria - 14,949.96
Libya - 14,236.05
South Africa - 13,179.27
Egypt - 12,137.02
Tunisia - 11,656.74
Morocco - 8,359.72
Angola - 6,844.30
Nigeria - 5,929.88
Sudan - 4,452.26
Ghana - 4,380.51
Zambia - 3898.67
Cote D’Ivoire - 3,581.17
Kenya - 3,360.43
Cameroon - 3,260.97
Tanzania - 3097.37
Uganda - 2066.99
Ethiopia - 1,916.10
D.R Congo - 784.67

Real GDP Growth Rate %
Cote D’Ivoire - 7.98%
Tanzania - 7.17%
Ethiopia - 6.49%
Kenya - 5.99%
Uganda - 4.94%
Cameroon - 4.80%
D.R Congo - 3.94%
Egypt - 3.83%
Algeria - 3.57%
Ghana - 3.34%
Sudan - 3.05%
Zambia - 3.00%
Morocco - 1.85%
Tunisia - 1.5%
South Africa - 0.12%
Angola - 0.00%
Nigeria - (-1.75%)
Libya - (-3.32%)

http://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weoselgr.aspx

3 Likes
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We are doing well, our economy is growing robustly at 6% a year, we have infrastructure projects going on across the country, our revenue collection is increasing by 15% every year, Increased FDI, growing foreign relations prominence, a largely diversified economy which is non-reliant to fossil fuel export, open society and prospect of a peaceful elections in 2017 backed by majority win for Jubilee government.

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Tanzania is doing better than us in growth? :eek:

Purchasing Power Parity (ppp) is felt more by Wanjiku than GDP

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Its Nominal vs PPP, coz. zote ni GDP.
Now your arguement only applies to goods/services that are wholly sourced locally which is mostly food & labour, the moment you start consuming wholly or partly imported goods, the value of the dollar strikes. A good example is buying a car and fuelling it, since Kenya has a higher Nominal GDP, buying a car and fuelling it here is not as punishing as it is in Tanzania (explains why there is more vehicles on our roads and we consume more fuel vis a vis Tanzania). Now extend this arguement to mobile phones/computers, clothing, TVs and fridges, steel, housing finishes e.t.c

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gdp ppp is affirmative action gdp adjustment for losers. you cant buy cars, phones, computers, televisions, refrigerators, fuel, steel, international flights na kadhalika with gdp ppp. the poorer the country the bigger the gap between nominal gdp and ppp gdp.

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The exports are on the increase and even better its diverse in products and countries. Even better its the west media which the critics swear by and therefore they have to believe it.

By Reuters

Posted Wednesday, October 5 2016 at 10:47

Kenya’s private sector activity rose in September on the back of a recovery in tourism and a rise in orders from new export markets, a survey showed on Wednesday.
The Markit CFC Stanbic Kenya Purchasing Managers’ Index (PMI) stood at 53.5, unchanged from August, but still well above the 50.0 mark that denotes growth.
Jibran Qureishi, regional economist for East Africa at CFC Stanbic Bank, said tourism, a top foreign exchange earner, had improved after the government boosted security following a spate of militant attacks that scared off holidaymakers. He said respondents to the survey had also reported higher export orders from countries like Namibia, Sudan and Ethiopia.

“This diversification of export markets will only serve to underpin the Kenyan private sector’s resilience,” Qureishi said.

Kenya’s economy expanded by 6.2 percent in the second quarter of this year, up from 5.9 percent in the year ago period, mainly due to a rebound in tourism.

Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence.

http://www.businessdailyafrica.com/Kenya-private-sector-activity-expands-steadily-in-Sept-PMI/539552-3405678-yq2r7b/index.html