rvp20182:
It's just a name suggestion. You'll have a referendum maybe and decide it. Like every modern democracy.

rvp20182:
It's now outdated because the rand is taking water and sinking.

You see nominal GDP only make sense for North Korea kind of hermitic countries that are not connected internationally. But South Africa at it's level of development and global economy inter-connection - the nominal gdp and ppp - will trail each other. What is going to happen is inflation - will even things - and your GDP PPP will drop similarly.

The problem with GDP PPP - is not the defacto standards or even acceptable- so those PPPs are calculated like once every 15yrs - by some proffesors - because it's still a concept infancy.

rvp20182:
Azania and Mzanzi sound great. Azania for the country. Mzanzi for the citizen.

jl115:

It always been outdated when comparing countries to each other..... I've posted several sources that state this.

And GDP ppp is calculated yearly and it is the standard measurement of economic output fyi!!
It's not a falancy as some random software engineer calls it, but actually an improvement on GDP Nominal.

P. S you have already showed you ignorance with regards to simple accounting("profits are booked forward" lol ) and now you are showing your ignorance with regards to economic matters!!

Austine1212:


No we wont make peace with or go hang yourself

jl115:

It always been outdated when comparing countries to each other..... I've posted several sources that state this.

And GDP ppp is calculated yearly and it is the standard measurement of economic output fyi!!
It's not a falancy as some random software engineer calls it, but actually an improvement on GDP Nominal.

P. S you have already showed you ignorance with regards to simple accounting("profits are booked forward" lol ) and now you are showing your ignorance with regards to economic matters!!

rvp20182:
I don't see any fire. I gave you a simple challenge - try get to Westland of 5yrs ago. The Westland of now and Nairobi generally is starting to challenge Joburg.

https://www.youtube.com/watch?v=9QefIybvNsU&t=49s

gallivant:


Listen robot, with such an attitude the war between humans and machines is inevitable.

samorobo:


Frauds..

Westland Nairobi without oil or gold:::: lol as it's should be

rvp20182:
Do you know how GDP PPP is calculated? Explain to me. But let me help you. IMF/WB/some US universities collect market data like once 5-15yrs - and develop the PPP basket - and that becomes the basis for any calculation for the next few years. It cannot be done annually - because they have to collect global data!

So it lags behind - but USD is very accurate - because it's the global currency. That is why nominal GDP is used as the GOLD standard.

So methodology (PPP) is new - but the data is mostly outdated. And it really works for little countries in developed world - NOT SOUTH AFRICA. In fact for developed and mature economies - it has no difference - so USD pretty good indicator for RSA economy.

So what is happening you're quoting GDP PPP based on out-dated ppp basket while you have the rand telling you - your economy is taking WATER and sinking.

Sunk to 200B!!

jl115:

LOL.........more ignorance, guess you never heard of extrapolating PPPs to non-benchmark years, or the fact that benchmark years are calculated every 3 years and not 5-15 years!! So yes GDP ppp is calculated yearly.

Secondly:

"The concept behind PPP is quite simple. You cannot always compare two countries in a meaningful way by comparing their GDPs at current exchange rates. Prices are different in different countries in ways that current exchange rates do not offset. This means that relative living standards are a function of more than just relative incomes."

Austine1213:


Is it possible fir kenyans not to post Nairobi and mombasa?

Ghana not to post accra and kumasi?

Nigeria not to post lagos and abuja?

Lol i wanna see something

Shma:


Now ladies and gentlemen, if you're engaging samorobo please take cool on her, you will actually be dealing with a dimwit, who knows rhetoric questions don't have question mark
And FYi(samlady), the more you try to act smart, the more you expose yourself

You are dumb bro

rvp20182:
Compared to Ghana that took 1B dollars and Nigeria 3.5B dollars from the same IMF! yes Kenya is trapped. How will Nigeria pay for debt when your gov revenues are coming to Zero. Nada. Null. Naught.

rvp20182:
Man, those Tutsi clitoris you got there - mmh - remind me of western Uganda and Kigali - those women are crazy - with their Kunyaza. But honestly, why don't you like Tutsi - and you look like Ethiopia-phile.

rvp20182:
SA economy and Joburg. Make a clear distinction. Yes Kenya is about 15yrs away from South Africa - but maybe 10yrs if you continue to scre.w up. Btw Nairobi and Joburg - 5-10yrs.

Austine1212:


Take nigeria few years back their currency devaluted from 160 to N300

Did they lose half their gdp?

Just30:
Another excuse for your debt economy

Even if we take 5 billon, we will be able to pay back, i cant say the same for you

kikuyu1:

That's why even in Tz all hotel beds are rubberised. Now you'll see why I say Kenyan women need to find a way to reduce their attitude even if only occasionally for just a nanosecond! Their unwarranted self esteem (narcissism is based solely on ignorance) Its nothing personal about Tutsis. Having seen and heard from Hutus,Congolese,Ugandans and Tutsis themselves in Kigali,Kampala and Nairobi I know who's responsible for the millions of deaths in the entire Great lakes since the 70s. In 2000 these mofos had actually invaded the CAR! Who does that?!

rvp20182:
You were debt forgiven about a 10yrs ago and you're back at it - eye-balled with debt now . Nigeria got forgiven 16B dollars worth of foreign debt - forget the exact number - and they again back at it. Such a waste of western money.

You cannot pay the debt! With what? Informal black economy? Or the dead as dodo oil and such sector.

Kenya has had ZERO debt forgiven in its entire history.

We have never defaulted - we have only asked for debt rescheduling.

Just30:
keep dreaming


always Astro projecting


Keep borrowing 6 billion to pay 6 billion every year
that is the dumbest way to use borrowed money.

At a time when your economy is facing huge BOP issues such that you have toborrow almost 2 billion from IMF and WB to sure up reserves

obaaderemi:
Many good things, Kikuyuboy. But not a liar like you.

rvp20182:
So Ghana under HIPC - heavily indebted poor countries - did not receive debt relief of 3.5B dollars. That was in 2005. God knows how you managed to ratchet up that much debt when your gdp was probably 6B dollars.

Don't ever compare Kenya with Ghana or Nigeria in matters of macro-economics.

Just30:
So basically

Kenya is at where Ghana was in the late 90s

That is how much poverty your economy has built up

rvp20182:
Hobbit - sound argumentation 101. You make a case first. Before you draw a conclusion.

SkyOne11:
Selected emerging economies ranked on four measures of financial strength

Our ranking is at 14, surpassing some of the major economies in Europe, South America, and Asia. Meanwhile, Kenya ranked at 42. Ghana is even worse when ranked at 48.

Just30:
Zombie nerve has been ratchet up

rvp20182:
https://www.worldbank.org/en/topic/debt/brief/hipc . Look for Ghana there.
Kenya has never been a member of - Heavily Indebted Poor Country (HIPC) Initiative
That is for Ghana and such hopeless countries.

Just30:
Kenya is the poster boy of the GLOBAL DEPT TRAP

rvp20182:
We have always had prudent financial management. Our debt plays around 40-60%. Right now we are debt refinancing. We never allow ourselves to take too much debt and crash our economy - and cry to world to come rescue us.

We got brains.