₦airaland Forum

rvp20182:
That means your economy is more resilient than we thought and nominal gdp will not drop as much.Kenya is in trouble.

Actually the Kenyan economy will still outgrow SA currency fluctuations don't have a direct equal impact on GDP.... In fact a slightly weaker currency might even help Kenya's economy and in fact increase real GDP ........... Not that I expect you to know that.

We are talking nominal GDP (USD) -real GDP in rand or Kshs with deflation and all that - keep it for your internal use - like again stuff like poverty analysis, local economy issues . As for the effect of appreciating USD on kenya economy - you couldn't be more wrong - we import 3 times what we export - we have huge foreign debt - so basically the impact is bad on the real (KSHS) GDP figures. For exporting countries like Japan or China - they would love depreciating USD.

jln115:
Actually the Kenyan economy will still outgrow SA currency fluctuations don't have a direct equal impact on GDP.... In fact a slightly weaker currency might even help Kenya's economy and in fact increase real GDP ........... Not that I expect you to know that.

rvp2018:
We are talking nominal GDP (USD) -real GDP in rand or Kshs with deflation and all that - keep it for your internal use - like again stuff like poverty analysis, local economy issues . As for the effect of appreciating USD on kenya economy - you couldn't be more wrong - we import 3 times what we export - we have huge foreign debt - so basically the impact is bad on the real (KSHS) GDP figures. For exporting countries like Japan or China - they would love depreciating USD.

Firstly where do you get this "internal use" from?? You simply just made it up in your head!!

You got it backwards..............a "stronger" exchange rate increases demand for imports and decreases demand for exports....this causes slower growth of real GDP...................Also Kenya's foreign debt isn't that big it's less than 30% of your GDP.

And if depreciating currency was "bad" for Kenya then your economy wouldn't be growing by 6 % p.a over the last 10 or so years.

Actually the opposite

Olmararoi

Singapore ke.

https://www.youtube.com/watch?v=abc175nD10k

https://www.youtube.com/watch?v=h2KysBvNFX8

Let first agree that GDP is calculated in country currency, then for sake of global comparison, IMF/WB will convert it to USD (based on official exchange rate at time of conversion), and sometimes they do GDP PPP. Otherwise for example Kenya GDP is 9.9 trillion Kshs. Obviously it make sense in Kenya - and that is what we use for all decision making and planning.

Outside - for IMF/WB, credit rating agencies, our creditors, investors - nobody really gives a damn about KSHS gdp - they care nominal GDP - and that is GDP in USD. And you know why - if we were to go to hyper-inflation like Zim - our GDP in KSHS would be huge but worthless.

Of course countries try to calculate real gdp by constant prices from a base year - in attempt to get constant dollar/inflation-free or deflated gdp growth.

Real GDP - inflation adjusted.
Nominal GDP - current dollar converted gdp.
GDP PPP - current PPP basket of prices

For international comparison, for pretty much everything outside your own country, please try to stick to Nominal GDP - it's sort of the de-facto GDP.

As for impact of currency appreciation or depreciation - generally it bad for currency to depreciate against the dollar (weaken) - unless you're exporting giant like China - meaning your exports become cheaper.

As for Kenya, South Africa, Ghana and Nigeria - you don't want to USD strengthening - because trade deficit, lots of foreign denominated loans - both public and private - and generally investors will pull out their money - to protect it from losing value.

ONLY A slowpoke LIKE YOU WILL SAY KSHS DEPRECIATING AGAINST USD IS GOOD THING.

jln115:
Firstly where do you get this "internal use" from?? You simply just made it up in your head!!

You got it backwards..............a "stronger" exchange rate increases demand for imports and decreases demand for exports....this causes slower growth of real GDP...................Also Kenya's foreign debt isn't that big it's less than 30% of your GDP.

And if depreciating currency was "bad" for Kenya then your economy wouldn't be growing by 6 % p.a over the last 10 or so years.

Actually the opposite

rvp2018:
Let first agree that GDP is calculated in country currency, then for sake of global comparison, IMF/WB will convert it to USD(based on official exchange rate at time of conversion), and sometimes they do GDP PPP. Otherwise for example Kenya GDP is 9.9 trillion Kshs. Obviously it make sense in Kenya - and that is what we use for all decision making and planning.

Outside - for IMF/WB, credit rating agencies, our creditors, investors - nobody really gives a damn about KSHS gdp - they care nominal GDP - and that is GDP in USD. And you know why - if we were to go to hyper-inflation like Zim - our GDP in KSHS would be huge but worthless.

Of course countries try to calculate real gdp by constant prices from a base year - in attempt to get constant dollar/inflation-free or deflated gdp growth.

Real GDP - inflation adjusted.
Nominal GDP - current dollar converted gdp.
GDP PPP - current PPP basket of prices

For international comparison, for pretty much everything outside your own country, please try to stick to Nominal GDP - it's sort of the de-facto GDP.

NO! GDP Nominal is calculated using current market prices in $, it's not calculated using said countries currency then converted to Dollar.......It's calculated in $ from the start

GDP ppp/and real was created in an attempt to more accurately value a countries GDP............GDP Nominal is certainly not de-facto GDP

Semantics. You're just fighting nominal GDP because you're doing very badly there. That is all I see. Nominal gdp is GDP as people know it - and applies for everything including in ranking South Africa as soon to be LOW Middle Class like kenya - if you continue to mess.

Real GDP - constant dollar (inflation adjusted) - calculate using local currency
Nominal GDP - Real gdp converted into current exchange rate of USD
GDP PPP - Experimental attempt to fix dollar inflation of nominal gdp.

jln115:
NO! GDP Nominal is calculated using current market prices in $, it's not calculated using said countries currency then converted to Dollar.......It's calculated in $ from the start

GDP ppp/and real was created in an attempt to more accurately value a countries GDP............GDP Nominal is certainly not de-facto GDP

rvp2018:
As for impact of currency appreciation or depreciation - generally it bad for currency to depreciate against the dollar (weaken) - unless you're exporting giant like China - meaning your exports become cheaper.

As for Kenya, South Africa, Ghana and Nigeria - you don't want to USD strengthening - because trade deficit, lots of foreign denominated loans - both public and private - and generally investors will pull out their money - to protect it from losing value.

ONLY A slowpoke LIKE YOU WILL SAY KSHS DEPRECIATING AGAINST USD IS GOOD THING.

A weaker currency would improve trade deficits bro ..............Bolded just proves you know nothing about economics!!

AND I SAID"MIGHT" BE A GOOD THING

rvp2018:
Semantics. You're just fighting nominal GDP because you're doing very badly there. That is all I see. Nominal gdp is GDP as people know it - and applies for everything including in ranking South Africa as soon to be LOW Middle Class like kenya - if you continue to mess.

Real GDP - constant dollar (inflation adjusted) - calculate using local currency
Nominal GDP - Real gdp converted into current exchange rate of USD
GDP PPP - Experimental attempt to fix dollar inflation of nominal gdp.

Not semantics but actual fact

I'm neither fighting for nor against it! Simple fact is I don't by goods in $ hence why GDP ppp invented and by your own account Kenya is doing even worse than SA now

FYI GDP ppp isn't experimental..............Stop making things up in your head!

Yes depreciation like Inflation is good thing but in very small doses! A currency/inflation should be stable and should weaken slowly over a long time! It's not like you'll ramp up exports - as quickly as your currency catapulting. The same with inflation - people want to see their money growing, properties appreciating, their sales growing, over the long term. If it inflates so fast - it become Zim hyperinflation - a disaster - if it doesn't inflate at all - it become Japan - a disaster - deflation.

jln115:
A weaker currency would improve trade deficits bro ..............Bolded just proves you know nothing about economics!!

AND I SAID"MIGHT" BE A GOOD THING

Nobody calculate their GDP in dollars except the US of course. They calculate in their own currency. For international comparison (external use) it's converted into the current/prevailing dollar rate - nominal gdp - and that gdp we care about here. You can go discuss your real GDP in rands in South Africa - it makes no sense to us.

jln115:
Not semantics but actual fact

I'm neither fighting for nor against it! Simple fact is I don't by goods in $ hence why GDP ppp invented and by your own account Kenya is doing even worse than SA now

FYI GDP ppp isn't experimental..............Stop making things up in your head!

rvp2018:
Nobody calculate their GDP in dollars except the US of course. They calculate in their own currency. For international comparison (external use) it's converted into the current/prevailing dollar rate - nominal gdp - and that gdp we care about here. You can go discuss your real GDP in rands in South Africa - it makes no sense to us.

SMH............................That is not how GDP nominal is calculated

P.S GDP ppp is also represented in dollars m0r0n....

rvp2018:
Yes depreciation like Inflation is good thing but in very small doses! A currency/inflation should be stable and should weaken slowly over a long time! It's not like you'll ramp up exports - as quickly as your currency catapulting. The same with inflation - people want to see their money growing, properties appreciating, their sales growing, over the long term. If it inflates so fast - it become Zim hyperinflation - a disaster - if it doesn't inflate at all - it become Japan - a disaster - deflation.

OK? did you read my original post? I said a "slightly" weaker currency isn't necessarily a bad thing

These things are pretty easy even for an obtuse ill trained south african like you.

GDP is calculated based on the BASE year prices.

Normally for advanced economies (and desperate Ghana) because they have better data collection - this about 5yrs back - so for South Africa - they will use prices of say 2015. For kenya we normally do 10yrs - sometimes more. Nigeria were doing at some point 30yrs back!!!!!!!!! before their re-basing.

Kenya base year is 2008/2009 I think from 2001- we due for re-basing soon - probably to move it to 2011 or even 5yrs.

The idea is that behind this is to adjust the prices to cancel out inflation - otherwise the economy will grow every year with inflation growing. So GDP is DEFLATED back to the base year...so we know if we are REALLY growing or not

GDP is calculated in local currencies. That become the REAL GDP. This one you keep for your internal purposes...GDP growth rate is all we take from there.

Outside your country, the Nominal GDP is then easy - total GDP divided USD exchange rate - at time of calculation or report writting. If today KNBS are to release GDP final report for 2020 - and KSH is 109 - our 2020 nominal GDP will be divided by then - if it rise overnight say 100 - it will be divided by 100. That become our official nominal GDP.

GDP PPP - are done by IMF/Boston/US universities - periodical - and they release basket of prizes in dollars - and you can use that to adjust your GDP if you don't like USD (nominal).

jln115:
SMH............................That is not how GDP nominal is calculated

P.S GDP ppp is also represented in dollars m0r0n....

vaxx:
pokuase interchange accra ....first of its kind in west Africa and second in Africa after south Africa.

four tier interchange ... about 80 percent completed....

wow nice, just like 3 in 1 Flyover & Underpass Zoo Road projects in Kano State

Over celeberated Nairobi Highways vs some of the highways and under pass projects in Kano (Kano state alone is building far more road and flyovers infrastructures than the whole of Kenya)
1-2 This is one of the Multi billion Naira 3 in 1 Flyover & Underpass initiated, under construction & almost completed project by H.E at Dangi/zoo road Roundabout
3- The N15Billion Kofar Mata Flyover Under Construction.
4- Ongoing Construction of Sheikh Qaribullah Nasiru Kabara Flyover at Shahuci-Murtala Muhammad Hospital Junction

World happiness report 2020

The overpriced Nairobi Highway projects is already dead on arrivals, #KENYANSSTOPCELEBRATINGNONSENSE
Kano is builing more flyover/underpasses bridges than the whole of Kenya , bellow are some these ongoing projects
1-2 : The newly ongoing construction of a new Flyover at Kantin Kwari Market being constructed by Kano state government at the cost of N6.6Billion. The new Flyover will start from Kofar Mata, through Wambai Market by IBB way Junction, it will pass over Kwari nd will terminate at Ibrahim Taiwo Road
3-4: Progress on the new N2Billion Shahuci Flyover being constructed by the admin of H.E Ganduje is almost completed. The flyover will easing vehicular movement, & also link Murtala Hospital with the Accident & Emergency unit of the hospital through an underground tunnel

68816419:
Over celeberated Nairobi Highways vs some of the highways and under pass projects in Kano (Kano state alone is building far more road and flyovers infrastructures than the whole of Kenya)
1-2 This is one of the Multi billion Naira 3 in 1 Flyover & Underpass initiated, under construction & almost completed project by H.E at Dangi/zoo road Roundabout
3- The N15Billion Kofar Mata Flyover Under Construction.
4- Ongoing Construction of Sheikh Qaribullah Nasiru Kabara Flyover at Shahuci-Murtala Muhammad Hospital Junction

You are celebrating what Kenya did when you were still a toddler. Kenya built those underpasses ten years ago.

We don't just develop Lagos, PH OR Abuja , developments is spreads across all states in Nigeria and every states in Nigeria is experiencing profound development
1- upgraded a 50.5km Janguza -- Karaye (60km from Kano's Capital) road from Surface Dressing to Asphalt Overlay, in fulfilment of his promises to the people of the state. The work is to be completed before the end of 2020.
2- Ongoing construction of a 450 capacity modern shopping complex at shahuci multi floor car park. The project is being constructed under a public private partnership arrangement with a private investor in the state.
3- Aminu Alhassan Dantata Flyover, Sabon Gari.
4- Ahmadu Bello Way dualization and reconstruction by TRIACTA CONSTRUCTION COMPANY. When completed, it'll develop a better connected, efficient & safer road network.

Waondho:
You are celebrating what Kenya did when you were still a toddler. Kenya built those underpasses ten years ago.

Can u please name 3 underpasses in the whole of Nairobi ?

68816419:
Can u please name 3 underpasses in the whole of Nairobi ?

Ati can you please name what?

You mean you want waondo to name at least 3 underpass in Nairobi ?

Nigga.!! Please watch this beautiful video, it will help your brain sober up.

https://www.youtube.com/watch?v=zX_NsdTN0mM

rvp2018:
These things are pretty easy even for an obtuse ill trained south african like you.

GDP is calculated based on the BASE year prices.

Normally for advanced economies (and desperate Ghana) because they have better data collection - this about 5yrs back - so for South Africa - they will use prices of say 2015. For kenya we normally do 10yrs - sometimes more. Nigeria were doing at some point 30yrs back!!!!!!!!! before their re-basing.

Kenya base year is 2008/2009 I think from 2001- we due for re-basing soon - probably to move it to 2011 or even 5yrs.

The idea is that behind this is to adjust the prices to cancel out inflation - otherwise the economy will grow every year with inflation growing. So GDP is DEFLATED back to the base year...so we know if we are REALLY growing or not

GDP is calculated in local currencies. That become the REAL GDP. This one you keep for your internal purposes...GDP growth rate is all we take from there.

Outside your country, the Nominal GDP is then easy - total GDP divided USD exchange rate - at time of calculation or report writting. If today KNBS are to release GDP final report for 2020 - and KSH is 109 - our 2020 nominal GDP will be divided by then - if it rise overnight say 100 - it will be divided by 100. That become our official nominal GDP.

GDP PPP - are done by IMF/Boston/US universities - periodical - and they release basket of prizes in dollars - and you can use that to adjust your GDP if you don't like USD (nominal).

such a long post with so little substance......simply cramming in irrelevant sentences to act as if you know anything about economics.

FACT : GDP Nominal is calculated in $, Not in a local currency then converted by the IMF.

68816419:
Can u please name 3 underpasses in the whole of Nairobi ?

Pangani underpass.
Mombasa road underpass.
KU underpass.

Waondho:
Pangani underpass.
Mombasa road underpass.
KU underpass.

you don't have to do it .. This guy is tripping.

Rehabilitate and reconstruct 375.9 km of the Dual Carriageway(6lanes) is going smoothly
The Abuja-Kaduna-Zaria-Kano Road forms a critical part of this larger highway system, enabling the movement of people and products from the North to the South and vice versa – thereby uniting the Nigerian people and economy, and connecting Nigeria to North Africa via the Lagos-Algiers Trans-African Highway. is expected to be delivered in 2023
Can u please name 3 underpasses in the whole of Nairobi ?
• 2,500,000 m²
• Asphalt wearing
• 2,584,000 m²
• Asphalt binder
• 2,703,000 m²
• Bitumen stabilized material
• 2,410,000 m²
• Cement stabilized material
• 772,000 m³
• Earthworks
• 3,832,000 m²
• Scarifying
• 71,700 m³
• Concrete
• 1,500 t
• Reinforcement
• 13
• New pedestrian bridges

Shma2020:
you don't have to do it .. This guy is tripping.

Imagine the baboon is celebrating underpass

Waondho:
Imagine the baboon is celebrating underpass

I wonder what kind of weed he's smoking

Waondho:
Pangani underpass.
Mombasa road underpass.
KU underpass.

Those are Highway underpasses linking different counties, I mean name underpasses inside Nairobi town and not highway underpasses OR atleast accompanying your claims with pictures?
Shows us something like these?
1- The Murtala Muhammed Way Flyover and underpass(Sabon Gari) which was inherited at about 25% is now 100% completed(Inside Kano city )
2- Kofar Ruwa underpass which was initiated & completed by the Admin of H.E (Inside Kano city )
3- Dangi 3-1 (Inside Kano city )
4- Fanshekara to Madobi Underpass

Waondho:
Imagine the baboon is celebrating underpass

The same way you guys are celebrating the overpriced Nairobi Highway project ?