Current Account in Kenya

Kenya Current Account | Economic News & Forecasts

Kenya - Current Account

The economy decelerated in the first quarter as delayed rains curbed agricultural output, which in turn weighed on agro-processing industries and thus lead to a slowdown in the manufacturing sector. To that effect, merchandise exports contracted for a second consecutive quarter in Q1, although they did so at a softer pace compared to the previous quarter. Meanwhile, construction activity lost stride although remained strong nonetheless, supported by the continued construction of railways and other public infrastructure projects. Turning to the second quarter, growth seemingly picked up as above average rainfall throughout the quarter likely boosted crop yields. Moreover, the PMI rose into expansionary territory in May–June, as businesses reported the highest level of optimism in the survey’s history amid robust output growth and upbeat domestic and external demand.

Kenya - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-8.8  -10.3  -6.8  -4.9  -6.2  

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Kenya Current Account Chart

Kenya Current Account
Note: Current account balance as % of GDP
Source: Central Bank of Kenya

Kenya Facts

Bond Yield11.750.0 %Jul 11
Exchange Rate102.90.05 %Jul 11
Stock Market0.40.0 %Jul 11

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