Tanzania

Shma:

That's not the point.

Anyway... Your math is still wrong.

If we go with 415 naira to the dollar, using 175 trillion naira... Then your GDP will be more or less $ 421Billion.

And if it's supposedly 417 naira to the dollar, then your GDP will be at par with SA(the unproven $419B)... With Nigeria being slightly ahead.

only problem is GDP is calculated on a base price of goods and services over a specific time.... Hence currency fluctuations will have 0 short or mid term effects on GDP..... South Africa rebased its economy by changing the base year from 2011 to 2015

So what you guys are really doing by trying to use current exchange rates to calculate GDP is actually just a whole bunch of nothing

jl115:
Litterally what I said!!! And the opposite of what you have been saying!! You are so confused you even contradict your own posts

lmao. See this laaitjie.

Who brought "nominal GDP" to d discussion, isn't it you? Keep scaling around, my laaitjie.

GeneralDae:

You have one of the best road networks? really?

Just smile and admire the Kenyan delusions.

For and country that has best road networks, you will thing at least 50% of their road network is paved..

Just40:
Just smile and admire the Kenyan delusions.

For and country that has best road networks, you will thing at least 50% of their road network is paved..

Post Accra city and stop the tantrums hobbit.

[s]

gallivant:


Post Accra city and stop the tantrums hobbit.

[/s] zombie

Accra is not Your mate... Aim lower and that is where you'll compete favorably

Just40:
[s][/s] zombie

Accra is not Your mate... Aim lower and that is where you'll compete favorably

Post dwarf city, save us the tantrums.

theenchanter:
lmao. See this laaitjie.

Who brought "nominal GDP" to d discussion, isn't it you? Keep scaling around, my laaitjie.

you said this:

"PPP is for meant for each countries, the PPP rate in SA may never, in fact, is not the same with naija or egypt or any country around the world because prices of goods and commodities aren't the same there.
$1.9 in SA may be equivalent of $3 in Nigeria, for example."

The above is true for nominal values not PPP

My response:

What you stated(bolded) is the problem when using nominal amounts to calculate GDP or poverty..thus economist use ppp since it takes into account differences in prices of goods and services as well as purchasing power of that specific currency.

jl115:
only problem is GDP is calculated on a base price of goods and services over a specific time.... Hence currency fluctuations will have 0 short or mid term effects on GDP..... South Africa rebased its economy by changing the base year from 2011 to 2015

So what you guys are really doing by trying to use current exchange rates to calculate GDP is actually just a whole bunch of nothing

I was giving out logic, going with @General's submission.
Also, GDP measures the monetary value of final goods and services... Therefore, using exchange rates to decompound actual GDP still holds water ~ though it doesn't reflect anything on the actual figure.
I agree that GDPs are calculated annually & some quarterly, depending on which country you're in, hence making it pretty much difficult to factor in currency fluctuation in the entire figure.
But we should not overlook the impact of currency fluctuation on GDP growth rate ... We know how weak a currency may temper with the countrie's economy. a weaker currency makes imports more expensive while stimulating exports by making them cheaper for overseas customers to buy... This in turn will result in a negative outcome on the GDP growth rate.

[s]

gallivant:


Post dwarf city, save us the tantrums.

[/s] you need to keep posting your dwarf city to convince everyone that it is not a shi*hole like they all know it to be, I don't cause everything about development that you'll peak speaks well of my country.


Zombie, develope your shithole

It's always nice to wake up to a beautiful rainbow raining morning in Accra

samorobo:


We have seen your quality here. Don’t push it please.

Definitely not comparable to anything in your country. Unless you have chronic glaucoma, you can't see what is always posted here.

Just40:
Just smile and admire the Kenyan delusions.

For and country that has best road networks, you will thing at least 50% of their road network is paved..

Your constant attempt to boot*ck Naija's @ss for validation is failing terribly.

GeneralDae:

You have one of the best road networks? really?

Yes we do any evidence to prove otherwise

Kenya has some of the best lodges in the continent.

Loldia house Naivasha

What's happening with Rwanda and Congo? I thought Congo just celebrated their entry into EAC? Can the EAC do something to resolve the growing conflict?

GeneralDae:
What's happening with Rwanda and Congo? I thought Congo just celebrated their entry into EAC? Can the EAC do something to resolve the growing conflict?

Rwanda has been f.cking Congo for a long time Rwanda needs to stop destabilizing Congo

tylann:

Rwanda has been f.cking Congo for a long time Rwanda needs to stop destabilizing Congo

I see. I read that Rwanda refines gold in their country without having gold reserves .
Small country, Big God .

GeneralDae:

I see. I read that Rwanda refines gold in their country without having gold reserves .
Small country, Big God .

Kagame and museveni have messed up Congo in a big deal.. kagame will then play the victim nasty guy