Current Account in Kenya
Kenya - Current Account
Economic growth likely remained stunted in the second quarter, after drought conditions ate into agricultural output and, in turn, overall growth in the first quarter. The effects of the drought appeared to have spilled over into Q2, as signaled by the biggest slump in merchandise exports since Q4 2016. Despite the downturn in the external sector, the average PMI for Q2 remained in expansionary territory, as firms reported upbeat production and higher demand. Turning to the third quarter, a solid PMI reading in July indicated that private sector activity continued to improve thanks to increased new orders and record-high business confidence, boding well for capital investment at the start of the quarter. In the political arena, the country’s finance minister was arrested in late July on corruption charges linked to the procurement and payment process of two hydroelectric dam projects.Kenya - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -8.8 | -10.3 | -6.8 | -4.9 | -6.2 |
Kenya Current Account Chart
Source: Central Bank of Kenya
Kenya Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 11.50 | 0.0 % | Sep 04 |
| Exchange Rate | 103.9 | 0.05 % | Sep 04 |
| Stock Market | 0.4 | 0.0 % | Sep 04 |
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Economic News
Kenya: PMI continues to fall but remains solid in August
September 4, 2019
Business conditions in the Kenyan private sector improved again in August, although more weakly than the previous month.
Kenya: Inflation falls to five-month low in August
August 30, 2019
Consumer prices fell 0.90% over the previous month in August, following a 0.36% month-on-month drop in July.
Kenya: PMI eases but remains strong in July
August 5, 2019
Businesses conditions in the Kenyan private sector continued to improve, albeit at a softer pace, in July.
Kenya: Inflation rises in July
July 31, 2019
Consumer prices fell 0.36% over the previous month in July, following a 0.69% month-on-month drop in June.
Kenya: Central Bank holds rates steady in July
July 24, 2019
At its meeting on 24 July, the Monetary Policy Committee (MPC) of Kenya’s Central Bank decided to hold the central bank rate stable at 9.00%, where it has been since July 2018.
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