Kenya Current Account to GDP

Kenya recorded a Current Account deficit of 8.09 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Kenya is reported by the Central Bank of Kenya. Current Account to GDP in Kenya averaged -3.49 Percent from 1980 until 2013, reaching an all time high of 2.20 Percent in 2002 and a record low of -12.20 Percent in 2011. 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. This page provides - Kenya Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-8.09 -10.50 2.20 -12.20 -7.06 | 2014/06 1980 - 2013 Percent Yearly

TO

Kenya Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -8.09 2013-12-31 -10.50 2.20 -12.20 -7.06 2014-06-30 Percent [+]
Balance of Trade -87053.00 2014-01-15 -78674.00 -2175.00 -92960.00 -84329.48 2014-06-30 Million KES [+]
Current Account -317.82 2013-12-15 -190.21 159.86 -652.00 -289.85 2014-06-30 USD Million [+]
Capital Flows 437950000.00 2013-12-15 265860000.00 924290000.00 -232920000.00 437137039.96 2014-06-30 USD [+]
Exports 43062.50 2014-01-15 40308.00 48544.00 9007.00 42211.22 2014-06-30 Million KES [+]
External Debt 922.37 2013-12-31 912.23 922.37 361.73 957.09 2014-06-30 KES Billion [+]
Imports 130116.50 2014-01-15 118982.00 136123.00 13453.00 124320.93 2014-06-30 Million KES [+]
Remittances 113216.00 2013-12-31 113420.00 113420.00 25154.00 116319.40 2014-06-30 USD Thousand [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Kenyan Trade Deficit Widens to Second Highest in Nearly 2-1/2 Years  
Trade deficit in Kenya increased in January of 2014 to KES 87.1 billion from KES 83.7 billion a year earlier and KES 78.7 billion in December of 2013.
Kenya Inflation Rate Edges Down to 6.27% in March  
Kenyan annual inflation rate decelerated for the second consecutive month to 6.27 percent, from 6.86 percent recorded in February of 2014, as food, electricity and gas prices slowed.
Kenya Monetary Policy Unchanged in March  
Kenyan Monetary Policy Committee decided to hold the central bank rate at 8.50 percent on March 4th, as overall inflation continued to decline in February and remained within the target range, while exchange rate stability was maintained.
Kenya Inflation Rate Falls to 6.86% in February  
Kenyan annual inflation rate decreased to 6.86 percent in February, slowing from 7.21 percent in the previous month, as Food and Transport prices rose at a slower pace.
Kenya Trade Deficit Widens in December  
In the last month of 2013, Kenya’s trade deficit increased to KES 78.67 billion, from KES 71.7 billion in the previous month and KES 76.9 billion a year earlier.
Kenya Trade Deficit Narrows in November  
In November of 2013, Kenyan trade deficit decreased to KES 71.73 billion, down from KES 92.9 billion in the previous month and KES 83.8 billion in the same month last year, boosted by higher tea sales.
Kenya Inflation Rate Rises to 7.2% in January  
In January of 2014, Kenyan annual inflation rate increased to 7.2 percent, slightly up from 7.15 percent registered in December of 2013.
Kenya Leaves Rate on Hold at 8.5%  
At is January 14th meeting, Central Bank of Kenya decided to leave the benchmark interest rate on hold at 8.5 percent, as the current monetary policy stance is considered to deliver the desired objective of price stability. The Committee also said there was room for commercial banks to reduce the lending rates.
Kenya GDP Expands 4.4% YoY in Q3  
In the third quarter of 2013, Kenyan economy advanced 4.4 percent over the previous year, slightly up from 4.3 percent in the June quarter, but down from 4.5 percent a year ago, mainly due to a slowdown in the agriculture and forestry sector.
Kenyan Trade Deficit Rises in September Over a Year Earlier  
In September of 2013, Kenyan trade deficit widened 8.2 percent over a year earlier to 71 billion KES, as lower prices of tea and coffee heat exports. On a monthly basis, the trade deficit decreased 9.9 percent, due to a fall in imports.
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