Current Account in Kenya
Kenya - Current Account
GDP growth expanded at the fastest rate in over 10 years in the second quarter, with nearly all sectors of the economy recording improving output, although activity in the agricultural sector declined at a quicker pace. That said, Q2’s result was flattered by a low base effect. Turning to Q3, double-digit expansions in both merchandise exports and imports in July–August hint at healthy foreign and domestic demand conditions in the quarter, while the private sector PMI came in above the prior quarter’s average. Meanwhile, on 20 October the government lifted the country’s nationwide curfew—originally imposed on March 2020—boding well for activity in the final stretch of the year. In other news, on 8 November Kenya's Equity Group Holdings announced the launch of a KES 500 billion (around USD 4.5 billion) loan program to help SMEs impacted by the health crisis.Kenya - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -6.8 | -4.9 | -6.2 | -4.9 | -5.0 |
Kenya Current Account Chart
Source: Central Bank of Kenya
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 12.20 | 0.0 % | Dec 31 |
| Exchange Rate | 101.4 | 0.05 % | Jan 01 |
| Stock Market | 0.4 | 0.0 % | Jan 07 |
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Economic News
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Kenya: Central Bank keeps rate unchanged in November
November 29, 2021
At its final meeting of the year on 29 November, the Monetary Policy Committee of Kenya’s Central Bank decided to leave its key rate unchanged at 7.00%, marking the 11th consecutive hold.
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Kenya: GDP growth hits over decade-high in Q2
November 10, 2021
According to a recent release by Kenya’s Statistical Institute, GDP growth jumped to 10.1% in annual terms in the second quarter, accelerating from the prior quarter’s 0.8% expansion.
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Kenya: PMI improves in October
November 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) rose to 51.4 in October, up from 50.4 in September.
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Kenya: Inflation falls to lowest level since June in October
October 30, 2021
Consumer prices rose a seasonally-adjusted 0.51% in October over the previous month, accelerating from the 0.32% increase seen in September.
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Kenya: PMI falls in September pointing to a moderating improvement in business conditions
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) fell to 50.4 in September from August's 51.1.
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