But let me say that it is good to tax, like I said Nigerian Tax to Gdp ratio is one of the lowest.
Traders at the adjudged largest market for information and communications technology (ICT) accessories and wares – the Computer Village, Ikeja, Lagos, said the sudden postponement of the elections wiped off 10,500 daily business deals.Still, SB Morgen (SBM), said that apart from the enormous negative effects of the action on the electoral umpire and political parties, the nation’s Gross Domestic Product (Gdp) lost about N531 million.
Photo: Thobile Mathonsi/African News Agency (ANA) NAIROBI – The average ratio of tax revenue to Gdp for sub-Saharan Africa stood at 15.1 percent in 2018, according to an official with the International Monetary Fund (IMF) on Thursday.
Q4 2018 Gdp was reported today at +2.38% y/y versus the Bloomberg consensus estimate of +2.10% y/y.
The sector contributed 26.15 per cent to overall Gdp in real terms during the fourth quarter, slightly higher than the contribution in the fourth quarter of 2017 (26.13 per cent), but lower than the third quarter of 2018 (29.25 per cent).
Meeting under the banner of Mount Kenya Parliamentary Caucus in October last year, the region’s leaders cited a study that ranked Kiambu County as the richest in Kenya with a Gdp per capita of $1,785 (Sh178,500 ).
Economy Nairobi’s economic output much lower The new study by the Kenya National Bureau of Statistics (KNBS) on economic performance of the 47 counties has dispelled the long held notion that Nairobi contributes more than half of Kenya’s annual economic output, also known as gross domestic product (Gdp).
The 2.38 per cent growth rate in the Gdp represents an increase of 0.27 percentage points when compared to the fourth quarter figure of 2.11 per cent.
By MARTIN LUTHER OKETCH The International Monetary Fund (IMF) yesterday said the ratio of Uganda’s public debt to the Gdp will rise to 49.5 per cent by the 2021/22 financial year because of continued large fiscal expenditure by government.
Government spending as a fraction of Gdp between 1999 and 2016 averaged less than 10% (the Federal Government’s is probably only half of that) but somehow, withholding a fraction of this tiny fraction has killed the rest.