Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Total population42.86 million41.49 million40.14 million
WDI
A.1.1
Total number of households 7 million6.2 million
Country Editor
A.1.2
Average household size 5.935
Country Editor
A.1.3
Urban population (% of total)16.79% of total16.44% of total16.1% of total
WDI
A.1.4
Urban population growth (annual %)5.37%5.4%5.36%
WDI
A.1.5
A.2 Economy
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
GDP, current prices (U.S. dollars)26,349 USD (millions)24,995 USD (millions)24,740 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)88,673 USD (millions)84,933 USD (millions)79,884 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)699.41 USD 692.19 USD 710.25 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)2,353.7 USD 2,280.82 USD 2,267.22 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.46%2.32%5.67%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.3%5.69%8.39%
WEO
A.2.6
GDP, deflator (Index)163.54155.38150.05
WEO
A.2.7
Consumer price index166.25158.02149.49
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Median national annual household income 42.53 USD  
Country Editor
A.2.10
Median urban annual household income 81.19 USD/year 
Country Editor
A.2.11
Urban minimum wages per month in USD  Non-applicable
 
A.2.12
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Self-employed 52.6%76.4%
Country Editor
A.2.14.1
Informally employed 38.4% 
Country Editor
A.2.14.2
Unemployed 2.28%3.8%
Country Editor
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate14.46% 22%
Country Editor
A.2.15.1
Yield on 3 months treasury bills10.6%15.88%15.83%
IFS
A.2.15.2
Yield on 10-year Government bond14.88%16.94%13.95%
Country Editor
A.2.15.3
Average bank deposit rate9.7%13.24%12.77%
IFS
A.2.15.4
Lending rate21.28%23.89%22.6%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Number of dwelling units:B.1.1
Total  6.33 million
MLHUD
B.1.1.1
Total Urban  1 million
MLHUD
B.1.1.2
Characteristics of housing stock:B.1.3
% of substandard dwelling units  85.3% of total
UBOS/MLHUD
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units  30% of total
UBOS/MLHUD
B.1.4.1
Private rental units  42% of total
UBOS
B.1.4.3
Public / social rental units  1.9% of total
UBOS
B.1.4.4
Other forms of tenure   25.9% of total
UBOS
B.1.4.5
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate  30.98%
Country Editor
B.2.3.1
M2 construction cost for median quality houseB.2.4


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Notes: 20%
Notes: 20%
Notes: 80%
Notes: 80%
Notes: 9 institutions offer mortgage finance, 5 dominate
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Amount for general lending to real estate sector; residential, commercial and land purchase
Notes: Average rediscount rate over the year
Notes: Average Shs lending rate for the year - Average Central Bank Rate for the year
Notes: Average yield in 2017
Notes: Based on commercial banking data alone, 2 banks didn't issue any mortgages in 2017
Notes: Habitat for Humanity
Notes: Habitat for Humanity
Notes: Habitat for Humanity
Notes: Habitat for Humanity
Notes: In all mortgage offers, the lender retains title as collateral.
Notes: In all mortgage offers, the lender retains title as collateral.
Notes: In all mortgage offers, the lender retains title as collateral.
Notes: In all mortgage offers, the lender retains title as collateral.
Notes: Note that the building codes are awaiting the passing of the building control bill. This percentages is a combination of temporary and semi parmanent houses. Please note that except 2002 and 1991, the rest are projections
Notes: Note that the building codes are awaiting the passing of the building control bill. This percentages is a combination of temporary and semi parmanent houses. Please note that except 2002 and 1991, the rest are projections
Notes: Note that the building codes are awaiting the passing of the building control bill. This percentages is a combination of temporary and semi parmanent houses. Please note that except 2002 and 1991, the rest are projections
Notes: Note that the building codes are awaiting the passing of the building control bill. This percentages is a combination of temporary and semi parmanent houses. Please note that except 2002 and 1991, the rest are projections
Notes: Note that these are projections except for 2002 and 1991
Notes: Taken from Residential Property Price Index developed using Laspeyer's methodology. Base period 2010/11
Notes: Taken from Residential Property Price Index developed using Laspeyer's methodology. Base period 2010/11
Notes: Taken from Residential Property Price Index developed using Laspeyer's methodology. Base period 2010/11
Notes: Taken from Residential Property Price Index developed using Laspeyer's methodology. Base period 2010/11
Notes: The legal and Judiciary process for concluding a foreclosure is very lengthy, and can take over 6 months.
Notes: The legal and Judiciary process for concluding a foreclosure is very lengthy, and can take over 6 months.
Notes: The legal and Judiciary process for concluding a foreclosure is very lengthy, and can take over 6 months.
Notes: The legal and Judiciary process for concluding a foreclosure is very lengthy, and can take over 6 months.
Notes: The Mortgage Act of 2009
Notes: The Mortgage Act of 2009
Notes: The Mortgage Act of 2009
Notes: The Mortgage Act of 2009
Notes: Variable rate is the most common, tagged to 364days treasury bill rate
Notes: Variable rate is the most common, tagged to 364days treasury bill rate
Notes: Variable rate is the most common, tagged to 364days treasury bill rate
Notes: Variable rate is the most common, tagged to 364days treasury bill rate