East Africa’s GDP to rise by 13 percent- If Weather allows.
Ethiopia's GDP projected to remain robust East Africa’s GDP is expected to grow by 13.3 percent to US$340 billion this year, says IMF Database for April 2019. The five largest economies in the region will raise the total regional GDP by US$28.2 billion to control $302.2 billion in 2019 from the $265 billion they controlled last year. The regional GDP last year stood at US$300 billion, according to the IMF data. This year, the GDP is expected to rise to $340 billion. Of the five star performers, Kenya and Ethiopia generated 57 percent or $169.5 billion last year. The star performers including Ethiopia, Kenya, Rwanda, Tanzania, and Uganda will grow by an average of 6.32 percent including Tanzania. But if Tanzania is excluded. The top four will rise by 7.1 percent. Kenya, says the IMF data, will be the leader posting absolute GDP growth of $11 billion, leaving her peers to share the rest of the spoils. In generating such large absolute growth, Kenya’s GDP will cro