Import costs drop narrows current account deficit to 4.8pc

A worker loading tea for auction and export. 

Photo credit: File | Nation Media Group

The gap between Kenyan imports and exports which form the current account has narrowed to 4.8 percent of GDP in May from 5.1 percent in April on easing import costs pressure.

The improvement that points to an improved trade balance aligns with the CBK target of a deficit of no more than 4.8 percent at the end of 2023.

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