Kenya to update base year for GDP data, likely bumping up size of economy by an estimated 21 percent

Kenya will update the year it bases its calculations of economic output on from 2001 to 2009 next Tuesday, the statistics office said, in a move that is expected to increase the size of the economy.

The process, known as rebasing, allows statisticians to update their estimates of economic activity and include estimates for new areas to keep pace with technological innovations, giving investors a clearer view of the amount and types of activity in the economy.

Read more: Kenya to update base year for GDP data, likely bumping up size of economy | Reuters.

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