This market is expected to experience an annual growth rate of 10.27% from 2025 to 2029 (CAGR 2025-2029). When compared to other countries globally, United States generates the highest revenue in the Watches ma
Social distancing measures can be very successful in delaying the spread of COVID-19, but the World Bank says these measures are nonetheless also very costly to the economy. This cost is aggravated by the presence of a large informal sector, high poverty rate, and unemployed youth population....
in the early 21st century the rate of natural increase was still above the world average. As some two-thirds of Kenyans were under age 30, the country’s higher-than-average growth rate was expected to continue for some time. The pressure of such a population explosion produced limited empl...
The tight monetary policy has also led to a reduction in discretionary consumption as the general population postpones some purchases that are otherwise financed by credit due to the increased cost of borrowing. The Kenyan economy bounced back in 2021, recording a GDP growth ra...
For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate. ...
mobile phones, with Kenyans spending over four and a half hours every day using the internet on their phones. As a segment of the overall population,GSMAplaces the mobile internet penetration rate in Kenya at 27% of the people, representing one of the highest five-year growth rates in ...
While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extremely high, and could be near 40% of the population. In 2013...
Young people under the age of 25 accounts for about 60 percent of the African population. According to the UN, there are about 1.8 billion young people between ages 10 to 24 in the world. Out of the estimates, Africa is home to over 200 million. The rate is increasing and is ...
‘’Overall, given Kenya’s income levels and poverty rate, human development indicators are relatively high, illustrating that Kenya performs better on non-monetary dimensions of poverty,’’ the lender said. ‘’Kenya has registered growth domestic product (GDP) growth rates above 5% for most of...
Between 1975 and 1997, the population of Kenya, which more than doubled from 13.7 million to 28.4 million, increased at an exceedingly high average growth rate of 3.4 percent. In July 2000, the CIAWorld Factbookestimated that the population stood at 30,339,770. With a current annual growth...