Current account balance as a share of GDP reached -5.26 % in 2019 in Kenya, according to the National Statistical Office. This is 6.65 % less than in the previous year.
Historically, current account balance as a share of GDP in Kenya reached an all time high of 0.009 % in 2003 and an all time low of -5.64 % in 2018. When compared to Kenya's main peers, current account balance as a share of GDP in Ethiopia amounted to -6.23 %, -5.67 % in Somalia, -5.53 % in Tanzania and -8.90 % in Uganda in 2019.
Kenya has been ranked 117th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 18 places behind the position seen 10 years ago.
The current account is one of the two primary components of the balance of payments, the other being the capital account.