Current account balance in Kenya
Kenya: Current account balance was -1.55 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Kenya, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Kenya is -1.55 billion BoP, current US$, measured in 2024.
Compared with earlier readings it is up 43.4% on the previous year and up 75.7% over ten years.
Over the whole period, current account balance in Kenya peaked at 132.42 million BoP, current US$ in 2003 and was at its lowest, -6.38 billion BoP, current US$, in 2014.
That places Kenya 140th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Kenya, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -214.89 million BoP, current US$ | — |
| 1976 | -118.50 million BoP, current US$ | -44.9% |
| 1977 | 36.73 million BoP, current US$ | -131.0% |
| 1978 | -659.23 million BoP, current US$ | -1894.8% |
| 1979 | -492.79 million BoP, current US$ | -25.2% |
| 1980 | -876.26 million BoP, current US$ | +77.8% |
| 1981 | -561.59 million BoP, current US$ | -35.9% |
| 1982 | -305.34 million BoP, current US$ | -45.6% |
| 1983 | -47.25 million BoP, current US$ | -84.5% |
| 1984 | -126.89 million BoP, current US$ | +168.5% |
| 1985 | -115.02 million BoP, current US$ | -9.4% |
| 1986 | -44.99 million BoP, current US$ | -60.9% |
| 1987 | -502.05 million BoP, current US$ | +1015.9% |
| 1988 | -471.29 million BoP, current US$ | -6.1% |
| 1989 | -590.42 million BoP, current US$ | +25.3% |
| 1990 | -527.08 million BoP, current US$ | -10.7% |
| 1991 | -213.32 million BoP, current US$ | -59.5% |
| 1992 | -180.15 million BoP, current US$ | -15.5% |
| 1993 | -261.87 million BoP, current US$ | +45.4% |
| 1994 | -448.92 million BoP, current US$ | +71.4% |
| 1995 | -1.58 billion BoP, current US$ | +251.6% |
| 1996 | -961.19 million BoP, current US$ | -39.1% |
| 1997 | -1.79 billion BoP, current US$ | +86.3% |
| 1998 | -2.63 billion BoP, current US$ | +47.0% |
| 1999 | -2.37 billion BoP, current US$ | -10.2% |
| 2000 | -199.39 million BoP, current US$ | -91.6% |
| 2001 | -320.28 million BoP, current US$ | +60.6% |
| 2002 | -117.67 million BoP, current US$ | -63.3% |
| 2003 | 132.42 million BoP, current US$ | -212.5% |
| 2004 | -131.77 million BoP, current US$ | -199.5% |
| 2005 | -252.32 million BoP, current US$ | +91.5% |
| 2006 | -510.43 million BoP, current US$ | +102.3% |
| 2007 | -1.03 billion BoP, current US$ | +102.2% |
| 2008 | -1.98 billion BoP, current US$ | +92.1% |
| 2009 | -1.69 billion BoP, current US$ | -14.8% |
| 2010 | -2.37 billion BoP, current US$ | +40.3% |
| 2011 | -3.82 billion BoP, current US$ | +61.2% |
| 2012 | -4.22 billion BoP, current US$ | +10.4% |
| 2013 | -4.84 billion BoP, current US$ | +14.8% |
| 2014 | -6.38 billion BoP, current US$ | +31.7% |
| 2015 | -4.42 billion BoP, current US$ | -30.7% |
| 2016 | -4.04 billion BoP, current US$ | -8.7% |
| 2017 | -5.74 billion BoP, current US$ | +42.2% |
| 2018 | -4.99 billion BoP, current US$ | -13.1% |
| 2019 | -5.26 billion BoP, current US$ | +5.4% |
| 2020 | -3.29 billion BoP, current US$ | -37.4% |
| 2021 | -5.05 billion BoP, current US$ | +53.3% |
| 2022 | -4.81 billion BoP, current US$ | -4.7% |
| 2023 | -2.74 billion BoP, current US$ | -43.1% |
| 2024 | -1.55 billion BoP, current US$ | -43.4% |
Kenya compared with similar countries
- Kenya's -1.55 billion BoP, current US$ is below the median for lower middle income countries, which is -391.82 million BoP, current US$, 4.0× the median. (47 countries reporting)
- Kenya's -1.55 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -749.01 million BoP, current US$, 2.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Kenya changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | -1894.8% | 36.73 million BoP, current US$ | -659.23 million BoP, current US$ |
| 1987 | -1015.9% | -44.99 million BoP, current US$ | -502.05 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -289.74 million BoP, current US$ | -659.23 million BoP, current US$ | 36.73 million BoP, current US$ | 5 |
| 1980s | -364.11 million BoP, current US$ | -876.26 million BoP, current US$ | -44.99 million BoP, current US$ | 10 |
| 1990s | -1.10 billion BoP, current US$ | -2.63 billion BoP, current US$ | -180.15 million BoP, current US$ | 10 |
| 2000s | -610.26 million BoP, current US$ | -1.98 billion BoP, current US$ | 132.42 million BoP, current US$ | 10 |
| 2010s | -4.61 billion BoP, current US$ | -6.38 billion BoP, current US$ | -2.37 billion BoP, current US$ | 10 |
| 2020s | -3.49 billion BoP, current US$ | -5.05 billion BoP, current US$ | -1.55 billion BoP, current US$ | 5 |
Countries ranked near Kenya
- 137 Iceland -1.34 billion BoP, current US$ compare
- 138 Dominican Republic -1.49 billion BoP, current US$ compare
- 139 Indonesia -1.52 billion BoP, current US$ compare
- 141 Paraguay -1.57 billion BoP, current US$ compare
- 142 Benin -1.61 billion BoP, current US$ compare
- 143 Latvia -1.64 billion BoP, current US$ compare
More economy & growth data for Kenya
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.28 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 417.66 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0035 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 7.4 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 463.44 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -8.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0038 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8.21 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 23.12 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Kenya?
- Current account balance in Kenya was -1.55 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Kenya?
- The highest recorded value was 132.42 million BoP, current US$ in 2003.
- What is the lowest current account balance recorded in Kenya?
- The lowest recorded value was -6.38 billion BoP, current US$ in 2014.
- How does Kenya rank for current account balance?
- Kenya ranks 140th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Kenya?
- Over the last ten years it is up 75.7%. The long-run trend across the full record is volatile.
- Where does this Kenya data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.