Current Account in Kenya

Kenya Current Account (USD bn) | Economic News & Forecasts

Kenya - Current Account (billions of U.S. Dollars)

Growth surged to an eight-year high in 2018, with ample rainfall buoying the agricultural and electricity generation sectors. Momentum, however, likely waned at the outset of 2019, as delay of the long rainy season curtailed agricultural output, while tighter credit conditions weighed on private consumption and investment. In other news, USD 2.1 billion was recently raised in an oversubscribed dual-tranche Eurobond issue, which will be used to fund infrastructure projects and general budgetary expenses, along with partially or wholly refinancing a USD 750 million Eurobond due to mature in June. Moreover, with revenue collection trailing below target, the president is seeking to enforce a 1.5% housing fund levy on the salaries of employees and employers alike, as part of efforts to build affordable housing under the Big Four Agenda. The policy has sparked uproar, however, with enforcement on hold until the Labor Court hears a case filed by the Consumers Federation of Kenya. 

Kenya - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-4.5  -6.0  -4.3  -3.7  -5.1  

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Kenya Current Account (USD bn) Chart

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

Kenya Facts

Bond Yield12.050.0 %Jun 14
Exchange Rate101.90.05 %Jun 14
Stock Market0.10.0 %Jun 13

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