Macro Analysis /

Kenya: CA deficit declines by 11%y/y to USD 4.4bn in year to March

    24 May 2021
    • Robust goods exports, lower oil import bill, more than offset sharp drop in services surplus
    • CA deficit estimated at 4.8% of GDP in 2020, seen marginally expanding to 5.1% of GDP in 2021
    • FDI inflows decline by 70% y/y