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World Bank confirms Kenya’s lower-middle income status
Kenya revised it economic data in September last year, expanding its GDP by 25 per cent. PHOTO | FILE
The World Bank has confirmed Kenya’s lower-middle income country status following the change in the way the size of its economy is calculated which showed it was 25 per cent larger than previously estimated.
The bank said in its latest estimates of the gross national income per capita (GNI) that Kenya, Bangladesh, Myanmar and Tajikistan have now joined the league of lower-middle income countries.
