Figure 13： . Balance of payments (percent of GDP), 2006-

While exports grew little, imports grew as they become relatively cheaper through the last two Source: International Financial Statistics, IMF. Note: REER is based on 120 trading partners. An increase in the With little FDI and portfolio investments to support the current account deficit, other debt relative to global distribution and the financial sector is now more exposed to the sovereign. Although adequate for its level of income and experiencing rapid growth as a percentage of GDP,9 Kenya's credit to the private sector remains relatively small compared to aspirational, regional, and 20 years ago; while in 2001 Kenya's domestic credit to the private sector was on the 48th percentile 9 Domestic credit to the private sector grew from 25.2 percent of GDP in 2010 to 31.6 percent of GDP in 2023.