Data from the Institute of Economic Affairs (IEA) has indicated that by 2022, Kenyans earned an average of Ksh72,130 every month.
According to IEA, the data indicating the average earnings of Kenyans over a period of over 10 years, was compiled from various economic surveys.
Further, the data, which was shared through a graphical representation, showed a steady increase over the period on the average amount of monthly income received by Kenyans.
The amount increases from Ksh36,944 earned averagely in 2012, to Ksh72,130 earned in 2022.
“This is a visual representation of the average monthly earnings per employee from 2012 to 2022, as documented in various economic surveys.
“The data reveals a notable surge in the average monthly wage earnings, doubling from Ksh36,944 in FY 2012 to Ksh72,130 in FY 2022,” the institution stated.
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Details of the Survey
In addition, the data indicated that in 2013, Kenyans earned an average of Ksh42,886 every month, an amount which increased to Ksh45,491 in 2014.
In 2015, Kenyans earned an average of Ksh49,524 every month according to the data while in 2016, the amount had increased to Ksh52,389, and later Ksh56,741 in 2017.
On the other hand, the amount increased to an average of Ksh60,762 in 2018, an average of Ksh65,390 in 2019 and an average of Ksh67,410 in 2020.
Also, the graph indicated that the amount rose to Ksh68,941 in 2021 and finally Ksh72,130 in 2022.
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KNBS Report on Kenyans Average Earning
Earlier in December 2022, the Kenya National Bureau of Statistics (KNBS) released a report detailing that the average monthly income of Kenyans had risen to Ksh20,123.
The report was released following recovery from Covid-19 economic hardships, which was highlighted as one of the changes that reflected a growing pay inequality.
Also, the report indicated that the number of super-rich people in Kenya was among the fastest growing in the region.
However, while a minority of Kenyans are accumulating wealth, the benefits of economic growth did not trickle down.
Economists noted that a higher income ranking means Kenya cannot benefit from some aid designed for the poorest countries.
