Kenya: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Kenya |
Trade balance as percent of GDP |
|---|---|
| Latest value | -9.30 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1960 - 2022 |
| Average | -5.24 |
| Min - Max | -15.30 - 4.95 |
| Source | The World Bank |
The latest value from 2022 is -9.3 percent, a decline from -9.14 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for Kenya from 1960 to 2022 is -5.24 percent. The minimum value, -15.3 percent, was reached in 2011 while the maximum of 4.95 percent was recorded in 1993.
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* indicates monthly or quarterly data series
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The trade balance for Kenya and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.16 | 2021 | percent |
| Trade openness | 32.42 | 2023 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 11.84 | 2023 | percent |
| Exports, billion dollars | 12.72 | 2023 | billion U.S. dollars |
| Growth of exports | -6.80 | 2023 | percent |
| Imports, percent of GDP | 20.58 | 2023 | percent |
| Imports, billion dollars | 22.12 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.35 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.39 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -207.16 | 2022 | million dollars (current) |
| Current account, percent of GDP | -4.90 | 2023 | percent |
| Current account, in dollars | -5.77 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -9.30 | 2022 | percent |
| Trade balance, in dollars | -10.55 | 2022 | billion U.S. dollars |
| Reserves | 7.34 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 3.92 | 2023 | percent |
| Remittances | 4,213.73 | 2023 | million U.S. dollars |
| Net errors and omissions | -707.87 | 2022 | million USD |
| External debt | 37.22 | 2022 | percent |
| Short-term external debt | 6.18 | 2022 | percent |
| Short-term debt to reserves | 32.21 | 2022 | percent |
| Foreign exchange reserves | 7.85 | 4/2024 | billion |