Kenya’s Debt-to-GDP ratio: 67.2%

– This is what it means 

Alright, let’s think of Kenya as a person who makes money every year (that’s the GDP) but also has some loans to pay off (that’s the debt).

Now, if Kenya earns 100 shillings in a year, but it owes 67.2 shillings to the bank, that means for every 100 shillings Kenya makes, it owes 67.2 shillings. This is what we call the Debt-to-GDP ratio, and for Kenya, it’s 67.2%. 

So, this percentage shows how much of the money Kenya earns each year would be needed to pay off the debt. The higher the percentage, the more of Kenya’s money is tied up in paying back loans, which can be a bit worrying because it means less money is available for other things like building roads, schools, or hospitals.

  • Related Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Government Bleeds Sh26 Billion in Pure Penalties for Unpaid Bills

    Government Bleeds Sh26 Billion in Pure Penalties for Unpaid Bills

    Supreme Court Judge Dies Days Before Retirement

    Supreme Court Judge Dies Days Before Retirement

    Autopsy Unmasks Extent of Blunt Force Trauma That Silenced Political Giant Cyrus Jirongo

    Autopsy Unmasks Extent of Blunt Force Trauma That Silenced Political Giant Cyrus Jirongo

    State House and High-Level Offices Burn Through Billions with ‘Near-Zero’ Progress on Key Projects

    State House and High-Level Offices Burn Through Billions with ‘Near-Zero’ Progress on Key Projects

    Trump Bans Tanzanians From Entering US

    Trump Bans Tanzanians From Entering US

    UDA Issues Shock Ultimatum to Governor Natembeya, Demands He Dump DAP-K

    UDA Issues Shock Ultimatum to Governor Natembeya, Demands He Dump DAP-K