Current Account in Kenya
Kenya - Current AccountEconomic 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
|Current Account (% of GDP)||-8.8||-10.3||-6.8||-4.9||-6.2|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Current Account Chart
Source: Central Bank of Kenya
|Bond Yield||11.50||0.0 %||Sep 04|
|Exchange Rate||103.9||0.05 %||Sep 04|
|Stock Market||0.4||0.0 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 4, 2019
Business conditions in the Kenyan private sector improved again in August, although more weakly than the previous month.
August 30, 2019
Consumer prices fell 0.90% over the previous month in August, following a 0.36% month-on-month drop in July.
August 5, 2019
Businesses conditions in the Kenyan private sector continued to improve, albeit at a softer pace, 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.
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.