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    Policy Brief No. 02 of 2014 on Kenya now a Middle Income Economy but Wanjiku Still Crying

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    Publication Date
    2014
    Author
    Omiti, John
    Nyandemo, Samuel
    Kiriga, Benson
    Type
    KIPPRA Publications
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    Abstract/Overview

    Kenya has rebased its economy to make the measure of GDP more inclusive in terms of productive sectors and industrial output. The rebasing included changing the base year from 2001 to 2009 and also incorporating new information sourced from several surveys, censuses and recent administrative records. The new statistics raise Kenya's profile as a credit-worthy economy. Being designated a middle income economy comes with a psychological boost for investors and its gives Kenyans a boost towards self-esteem and freedom from servitude. Ultimately, the positive results of rebased economic statistics can be felt only if proper investment policies are instituted and subsequently implemented.

    Subject/Keywords
    Economic rebasing; Public wage bill; Economic expansion; Development expenditure
    Publisher
    The Kenya Institute for Public Policy Research and Analysis (KIPPRA)
    Series
    Policy brief No. 02 of 2014;
    Permalink
    http://repository.kippra.or.ke/handle/123456789/3069
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    • Policy Briefs [277]


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    The National Treasury & PlanningKenya National Bureau of StatisticsMaarifa Centre - An Initiative of the Council of Governors (CoG)Kenya Revenue AuthorityParliament of KenyaAfrican Economic Research ConsortiumBrookings Institution

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