Kenya Quarterly Balance of Payments Third Quarter 2018

Abstract

Balance of payments from third quarter of 2015 to third quarter of 2018 are presented in Table 1. In the third quarter of 2018, overall balance of payments recorded a deficit of KSh 39.2 billion from a deficit of KSh 70.1 billion in the corresponding quarter of 2017, following improvements in the financial and current accounts. The Net inflows in the financial account more than doubled to a surplus of KSh 84.9 billion in the third quarter of 2018 from a surplus of KSh 32.5 billion in the corresponding quarter of 2017 due to increased disbursements. The stock of gross official reserves stood at KSh 862.7 billion as at end of third quarter of 2018 compared to KSh 904.8 billion as at end of the previous quarter. This was due to draw down on official gross reserves by KSh 41.3 billion mainly to service external debt.