Kenya's economy grew by 6.7 percent in 2021, after contracting by 0.3 percent in 2020. Inflation rose to 6.1 percent in 2021 from 5.3 percent in 2020, reflecting higher input costs. The current account deficit widened to 5.2 percent of GDP in 2021 due to an increase in the trade deficit. International reserves reached US$8.8 billion at the end of November 2021, up from US$8.1 billion in 2020 (5.4 months of import cover). The exchange rate depreciated by 3.7 percent year-on-year in 2021. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
The Nairobi Securities Exchange (NSE) has 61 listed companies, representing a market capitalization of $16.1 billion at the end of 2022. Foreign direct investment flows to Kenya have been on a downward trend over the 2017-2021 periods. These flows amount to $716.8 million in 2020 compared to $448.1 million in 2021, a decline of 37%.
