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Author Topic: SGR to raise GDP  (Read 3772 times)

Offline RV Pundit

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SGR to raise GDP
« on: November 17, 2014, 09:36:54 AM »
Look Jubilee will beat Kibaki on GDP

http://www.businessdailyafrica.com/Initial-work-on-new-rail-to-raise-GDP-6-9pc-in-2015/-/539552/2524366/-/lvew5ez/-/index.html

Offline vooke

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Re: SGR to raise GDP
« Reply #1 on: November 17, 2014, 05:19:46 PM »
2 Timothy 2:4  No man that warreth entangleth himself with the affairs of this life; that he may please him who hath chosen him to be a soldier.

Offline Kim Jong-Un's Pajama Pants

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Re: SGR to raise GDP
« Reply #2 on: November 17, 2014, 05:48:05 PM »
GDP measures and calculations always throw me for a loop. 

Do they mean SGR will contribute 6.9% growth in GDP by itself, or  do they mean the total GDP growth will be 6.9% because of SGR?  Is this stuff based on the rebased GDP?
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Offline MOON Ki

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Re: SGR to raise GDP
« Reply #3 on: November 17, 2014, 06:11:06 PM »
Quote from: Windy City Assassin on November 17, 2014, 05:48:05 PM
GDP measures and calculations always throw me for a loop. 

Do they mean SGR will contribute 6.9% growth in GDP by itself, or  do they mean the total GDP growth will be 6.9% because of SGR?  Is this stuff based on the rebased GDP?

No.   The total GDP is projected to go up by 5.3% this year, and optimistic projections for 2015 have been around 5.8%.   The figure just quoted is now 6.9%; so at best the claim would that the SGR work will contribute 1.1%.   

But that is just the IMF.   Remember that in June the World Bank revised (downwards) its growth rates for Kenya: to 5.1% this year and 5.2% next year, citing insecurity and problems with tourism.   
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Offline RV Pundit

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Re: SGR to raise GDP
« Reply #4 on: November 17, 2014, 07:33:12 PM »
It quite simple. Kenya economy is about 55b usd or 4.5 trillion kshs. Chinese are investing 370B on railway for next 3yrs. That is about 4B USD or maybe 1B per annum...some of it will go back to china (in terms of expat salaries bla bla). Think 1% of 55B..is about 0.5B...so this SGR will add anything upward of 1-2% to the GDP.

Offline Olekoima

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Re: SGR to raise GDP
« Reply #5 on: November 18, 2014, 01:13:12 PM »
Quote from: RV Pundit on November 17, 2014, 07:33:12 PM
It quite simple. Kenya economy is about 55b usd or 4.5 trillion kshs. Chinese are investing 370B on railway for next 3yrs. That is about 4B USD or maybe 1B per annum...some of it will go back to china (in terms of expat salaries bla bla). Think 1% of 55B..is about 0.5B...so this SGR will add anything upward of 1-2% to the GDP.

A good explanation, thanks.
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