Kenya’s current account deficit ended 2021 above the central bank’s projection on the back of higher than anticipated oil prices, defying record diaspora emittances and higher earnings from tourism and horticulture exports.
The deficit stood at 5.4 percent of gross domestic product (GDP) for the year, preliminary data from the Central Bank of Kenya (CBK) shows, against an earlier projection of 5.2 percent. The deficit stood at 4.6 percent in 2020.
