Kenya recorded a Current Account deficit of 4.60 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Kenya

Current Account to GDP in Kenya averaged -3.78 percent from 1980 until 2019, reaching an all time high of 2.20 percent in 2002 and a record low of -12.20 percent in 2011. This page provides - Kenya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kenya Current Account to GDP - values, historical data and charts - was last updated on April of 2021.

Current Account to GDP in Kenya is expected to reach -5.20 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Current Account to GDP is projected to trend around -5.30 percent in 2022 and -5.70 percent in 2023, according to our econometric models.

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Kenya Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -4.60 2.20 -12.20 1980 - 2020 percent Yearly

Kenya Trade Last Previous Highest Lowest Unit
Balance of Trade -106410.30 -103947.00 -2175.00 -119463.00 Million KES [+]
Current Account -4441.20 -4744.00 159.86 -5987.00 USD Million [+]
Current Account to GDP -4.80 -4.60 2.20 -12.20 percent [+]
Imports 160723.93 161455.69 168020.00 13453.00 million KES [+]
Exports 54314.00 57509.00 64484.00 9007.00 Million KES [+]
External Debt 3793.29 3771.81 3793.29 361.73 KES Billion [+]
Capital Flows -2558.30 -3404.60 2284.20 -6986.40 USD Million [+]
Remittances 260285.77 278346.65 299579.26 25154.00 USD Thousand [+]
Gold Reserves 0.00 0.02 0.02 0.00 Tonnes [+]
Terms Of Trade 68.00 68.00 100.00 68.00 points [+]
Terrorism Index 5.64 5.76 6.66 2.56 [+]
Tourist Arrivals 47406.00 31875.00 158949.00 12.00 [+]
Foreign Direct Investment 135897.00 164708.40 164708.40 871.00 KES Million [+]


Kenya Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.