Current Account in Kenya

Kenya Current Account | Economic News & Forecasts

Kenya - Current Account

Following a likely moderation in the final quarter of last year, the economy appears to have entered 2019 on a slightly less favorable note. A continued slowdown in remittance inflows, coupled with higher inflationary pressures and a moderation in credit availability in the quarter, likely curbed private spending in Q4. Turning to 2019, the PMI lost ground in January, signaling a weaker pace of expansion in private sector activity. Moreover, the agricultural sector will likely see a fall in output in the coming months owing to the end of the rainy season. On the debt sustainability front, the government plans to refinance the first tranche of maturing Eurobonds—worth USD 750 million—and to raise funds for infrastructure spending through a USD 2.5 billion Eurobond issuance by end-June. Moreover, the country is close to securing an agreement with the IMF on a new standby loan facility, which should also help to bring the public debt burden onto a more sustainable path.

Kenya - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-8.1  -9.7  -6.8  -5.1  -6.8  

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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 Yield12.450.0 %Mar 11
Exchange Rate99.70.05 %Mar 11
Stock Market0.20.0 %Mar 11

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