Exports in Kenya

Kenya Exports (%) | Economic News & Forecasts

Kenya - Exports (percent change)

Available data suggests the economy lost steam in Q1 2019. Private credit growth continued to fall in the first two months of the year, likely weighing on private consumption and investment. While the Nairobi High Court ruled the long-standing interest rate cap as unconstitutional last month, some MPs plan to battle hard to uphold the law in the 12-month window awarded to parliament to amend it. Moreover, a decline in remittances in February also likely constrained household spending, while the PMI fell throughout Q1 as weaker domestic demand curbed overall private sector activity. External sector metrics also point to a slowdown: Exports fell sharply in February amid cooling global growth, translating into a wider trade deficit as imports accelerated. Meanwhile, the Treasury recently unveiled plans to issue a third Eurobond to raise USD 2.5 billion to meet debt repayments due in June, signalling deteriorating debt dynamics.

Kenya - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)-4.0  2.7  -3.4  -2.4  0.2  

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Kenya Facts

ValueChangeDate
Bond Yield12.150.0 %May 13
Exchange Rate111.10.05 %May 13
Stock Market0.10.0 %May 11

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