Kenya's economy in the recent past was revised from a low income to a middle income status but on the ground (Micro economy), this has not been felt. When is this revision going to be felt by the micro economy or how long does this take?
INCOME LEVEL CLASSIFICATION: The classification of income level of countries is a nominal identification for purposes of monitoring macro-economic development of countries. The IMF, the World bank, and the UN use this type of economic classification. See attached file for income criteria for classification levels. The revision of income level is due to increase in GDP; this does not mean that the people's livelihood got better, One needs to look at other indicators, for example Gini and HDI.
GINI COEFFICIENT: In order for the increase in income level at a national level to be felt at the local level the increase in income (social benefits) must trickle down to the local level. This trickle-down effect may be shown through the closing of the Gini coefficient. Kenya, for instance, shows a Gini coefficient of about 47.7 according to the World bank's estimate in 2005. The rate at which Gini is closing is very slow for all countries. Thus, the ability of the micro-level (local people) to see the difference from the WB's updating the country's income level classification may not be clearly felt if the change in income gap is not taking place or takes place but at a slow pace.
HDI MEASUREMENT: The alternative to the Gini coefficient may be the Human development index (HDI) which allows us to assess the level of "life" in the country by looking at (i) life expectancy, (ii) education, and (iii) income level. IHDI for Kenya is 0.36. see: http://en.wikipedia.org/wiki/List_of_countries_by_inequality-adjusted_HDI based on 2013 measurement.
CORRUPTION PERCEPTION INDEX: Some may also want to look into corruption index in order to cover as many fronts. High level of corruption generally is associated with lower level of development. See http://en.wikipedia.org/wiki/Corruption_Perceptions_Index
http://en.wikipedia.org/wiki/List_of_countries_by_income_equality
http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/download.aspx
Do not advice to follow the traditional pattern. Every country has some basic structure like other country if you want to go through with particular country should be knowledge of -
Environmental status, water management, energy resource and its management, production Technic, use of human power in production, skill and un-skill human power to use in production, export and import condition, consumption pattern of country,monetary system on finance, ratio with liquid and other financial resource, diplomatic relation with the neighbour country and other regional and out regional area countries.
above things are common fact to know about economical condition of a country.
in summary political, social and economical status of the country people with their regular issues with nature are effective for country economical condition.
I guess that one of the most important issues to be tackled are: productivity growths, progress in education and basic health, falling young women (15-24 aged) engagement in labor market. Also not that the critical issue is the sources of GDP growth - gradual transformation from agricultural to industrial and then to service-based economy.
https://saylordotorg.github.io/text_international-business/s08-01-classifying-world-economies.html
http://www.nationsonline.org/oneworld/countries-classification.htm
http://www.un.org/en/development/desa/policy/wesp/wesp_current/2014wesp_country_classification.pdf
https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Classifications-of-Countries-Basedon-their-Level-of-Development-How-it-is-Done-and-How-it-24628
Article Country Classifications for a Changing World