Total frontier market debt hit a new record of over 120% of GDP in Q2 2020, up 6 percentage points from end-2019. According to 2019 Medium Term Debt Management Strategy (MTDS) tabled in […] The Trading Economics Application Programming Interface (API) provides direct access to our data. Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). In Kenya, external debt is a part of the total debt that is owed to creditors outside the country.. The total national debt exceeds over $50 billion and the country has already breached key debt service to revenue ratios. Understanding Kenya’s external debt. Total. It is worth considering that other countries, although wealthier than Kenya, have a much bigger ratio. The statistic shows the national debt of Kenya from 2015 to 2019, with projections up until 2025. Key Debt Statistics: Kenya’s gross public debt increased to about 61.7% of gross domestic product at end-2019, from 50.2% at the end of 2015, the IMF estimates. The latest data from the Central Bank of Kenya (CBK) shows that total public debt in the financial year ending June 30 went up by Sh840.9 billion to Sh6.65 trillion. The COVID-19 pandemic has placed a spotlight on rising global debt levels and sovereign debt vulnerabilities. Bilateral debt is just one component of external debt – others are multilateral debt and commercial debt.. Kenya’s KSh3.8-trillion external public debt as of December 2020 comprised:. For KQ, the write-off will be a reprieve, especially in the wake of it reporting a loss of Sh7.5 billion for the year ending December 2018 amid a Sh200 billion debt snare. Standard Gauge Railway and Road network expansion was the main use of the debt borrowed from China. Kenyans will have to bear a heavier debt load after the country’s stock of borrowed cash inched closer to the Sh7 million mark. Bilateral debt generally refers to debt loaned by one state to another state, Odongo Kodongo , a financial economist who has researched Kenya’s debt… Table 1.1 gives a summary of total public debt (June 2006-09). External debt is the total public and private debt that a country owes foreign creditors. The 2019 local debt maturities account for $10.37 billion (R145.61bn) out of the total outstanding local debt of $24.21bn, the ministry said. The concern is not just about the amount of debt relative to national income, but where the debt comes from. Data Briefs. Its highest value over the past 48 years was 12.99 in 1994, while its lowest value was 1.01 in 2010. Gross public debt increased from They showed that as at 31 March 2018, Kenya owed China KSh534.1 billion, or 72% of the country’s total bilateral debt of KSh741 billion. The total national debt exceeds over $50 billion and the country has already breached key debt service to revenue ratios. What you need to know: The debt bill has also shocked Parliament, which has, for the past eight years, acted as cheerleader for the National Treasury’s borrowing spree that has never been seen in any East African nation before. Total debt service (% of GNI) in Kenya was 3.19 as of 2018. November. External debt is the total public and private debt that a country owes foreign creditors. Kenya’s public debt is owed to external creditors. Español, Português The new update of the IMF’s Global Debt Database shows that total global debt (public plus private) reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017. Total debt service (% of GNI) in Kenya was 3.19 as of 2018. Its highest value over the past 48 years was 12.99 in 1994, while its lowest value was 1.01 in 2010. The IMF estimates the ratio for Kenya at 59.9% for this year. Central Bank of Kenya (CBK) data shows total debt stood at Sh6.28 trillion in March, up from Sh6.15 in February and Sh6.11 trillion in January. Under the Performance and Learning Review FY20, which summarizes CPS implementation progress, was extended to FY20 and has been further extended further based on the ongoing efforts on COVID-19 … Under those deals, which fall under the G20’s initiative to offer poor nations debt relief, Kenya is deferring payments worth $600 million due in the period, Njoroge said. Government Debt to GDP in Kenya averaged 54.63 percent from 1998 until 2019, reaching an all time high of 78.30 percent in 2000 and a record low of 38.20 percent in 2012. Short-term debt (% of total external debt) PPG, IDA (DOD, current US$) Use of IMF credit (DOD, current US$) External debt stocks, private nonguaranteed (PNG) (DOD, current US$) Present value of external debt (% of exports of goods, services and primary income) Download. ... Total debt … The statistic shows the national debt of Kenya from 2015 to 2019, with projections up until 2025. Kenya’s Public Debt Rises to KSh 6.6 Trillion. Central Bank of Kenya (CBK) data shows total debt stood at Sh6.28 trillion in March, up from Sh6.15 in February and Sh6.11 trillion in January. The debt closed the … Nominal public external debt at end-September 2015 was US$14.7 billion (text table), equivalent to 27½ percent of GDP—somewhat above the average for comparable SSA countries Despite repeatedly insisting that Kenya’s public debt that currently stands at $50 billion and is projected to hit $60 billion by 2020 and $70 billion in 2022 is within sustainable levels, challenges in settling maturing syndicated loans has exposed the burden facing Treasury in debt management. License : CC BY-4.0 CSV XML EXCEL. Likewise, Kenya’s borrowing spree has increased the accumulation of new debts with signs that the country’s capacity to repay the loans could be impaired, eventually leading to debt crisis. Kenya’s combined total debt was 52.2 per cent of GDP as at this March. Haile Selassie Avenue P.O Box 60000 - 00200 Nairobi, Kenya +254 20 286 0000 +254 20 286 1000 +254 20 286 3000 +254 709 081 000 +254 709 083 000 comms@centralbank.go.ke 3 The National Treasury reports that as at March 2018, more than half (USD$24.9 billion) of Kenya’s total public debt came from outside the country, up from USD$21.6 billion a year before. Bank (44.3 percent of total external debt), followed by Japan (16.9 percent) and African Development Bank Group (6.1 percent). Germany’s debt ratio is currently at 59.81% of its GDP. Government Debt to GDP in Kenya increased to 62.40 percent in 2019 from 59.10 percent in 2018. Other notable creditors to Kenya are France, Germany, European Union/European Investment Bank and Italy (Republic of Kenya, 2010). External Debt in Kenya averaged 1076.43 KES Billion from 2000 until 2020, reaching an all time high of 3771.81 KES Billion in November of 2020 and a record low of 361.73 KES Billion in May of 2003. A huge chunk of Kenya’s loan was borrowed in 2014 at Sh370 billion as Kenya began building the first Phase of the Standard Gauge Railway (SGR) line from Mombasa to Nairobi that cost Sh327 billion. Kenya’s total debt was 4.41 trillion shillings as at the end of June 2017. Kenya is in the process of issuing a third Eurobond bond valued at $2.5 billion to pay off other maturing debt obligations. +254 20 286 3000 The sad short story of Kenya’s debt nightmare Tuesday, June 09, 2020 DEBT By Paul Wafula. Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again. The amount is way above Kenya’s Gross Domestic Product (GDP) estimated at Sh8.2 trillion, meaning the country’s net worth is in the negative. Definition: Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Kenya’s per capita GDP (current prices) grew from Ksh. Please find scheduled maintenance for tomorrow, Wednesday 20th January 2021.^JM Kenya’s overall public debt has increased in the past two years. Haile Selassie Avenue P.O Box 60000 - 00200 Nairobi, Kenya +254 20 286 0000 +254 20 286 1000 +254 20 286 3000 +254 709 081 000 +254 709 083 000 comms@centralbank.go.ke +254 709 081 000 Publish your articles and forecasts in our website. According to 2019 Medium Term Debt Management Strategy (MTDS) tabled in […] Government Debt to GDP in Kenya increased to 62.40 percent in 2019 from 59.10 percent in 2018. total public debt stock amounted to Sh1.9 trillion, or 51.7 per cent of GDP. African countries, despite Kenya having made some progress over the last fifteen years. Kenya 82 Kosovo 83 Kyrgyz Republic 84 Lao People’s Democratic Republic 85 Lebanon 86 Lesotho 87 ... countries had accumulated a total of $387 billion external debt stock, more than double the level of ... the levels of debt, as well as its composition, is For nearly two years, Kenya has abandoned expensive commercial debt to cut back on ballooning repayments, while revenue collection has been squeezed by the pandemic. analysis, total public debt refers to the sum of public domestic and public external debt, but does not cover the entire public sector (e.g., parastatal borrowing without a government guarantee is not covered). +254 20 286 1000 SMS ‘NEWS’ to 20153. Most of Kenya’s external public debt remains on concessional terms, but its commercial component has increased. Get breaking news on your Mobile as-it-happens. The sad short story of Kenya’s debt nightmare Tuesday, June 09, 2020 DEBT By Paul Wafula. analysis, total public debt refers to the sum of public domestic and public external debt, but does not cover the entire public sector (e.g., parastatal borrowing without a government guarantee is not covered). Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. 47,000 in 2005 to Ksh. Kenya’s total obligations to the IMF would be at 12.3% of gross international reserves, 10.2% of exports, and 0.9% of GDP in 2020, the lender said. Last 10 years average Kenya had an average External Debt (Percentage of GDP) of 31.9 (% of GDP) in the last 10 years from (2003 to 2013). External Debt in Kenya increased to 3793.29 KES Billion in December from 3771.81 KES Billion in November of 2020. source: Central Bank of Kenya. 3. Kenya's public debt rose to Sh1.6 trillion as at end May 2012, or 48.9 per cent of the Bilateral debt generally refers to debt loaned by one state to another state, Odongo Kodongo , a financial economist who has researched Kenya’s debt, told Africa Check. Bilateral debt at KSh1.2-trillion Kenya is weighed down by swelling public debt and faces the possibility of a debt crisis (where the government can’t repay what it owes). Total debt for this mtr plz 14243151066. The concern is not just about the amount of debt relative to national income, but where the debt comes from. Kenya Private Sector Growth Eases to 8-Month Low, Kenya December Inflation Rate Hits 8-Month High, Fitch Revises Kenya Credit Outlook to Negative, Kenya Posts Widest Trade Gap in 19 Months, Kenya Producer Prices Fall the Most since 2016, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. President Uhuru Kenyatta has signed several bilateral agreements that would see China extend financial support in a raft of economic partnerships. Data are shown for 68 out of 73 eligible countries to 2020 Debt Service Suspension Initiative (DSSI) that report external debt to the World Bank’s Debtor Reporting System (DRS). Central government debt, total (% of GDP) - Kenya International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. The latest data from the Central Bank of Kenya (CBK) shows that total public debt in the financial year ending June 30 went up by Sh840.9 billion to Sh6.65 trillion. Total frontier market debt hit a new record of over 120% of GDP in Q2 2020, up 6 percentage points from end-2019. 3,771,808.47. The COVID-19 pandemic has placed a spotlight on rising global debt levels and sovereign debt vulnerabilities. By Marialuz Moreno Badia and Paolo Dudine. Over the past few years, Kenya’s Public Debt has been on the rise, increasing from Kshs 1.3 tn 10 years ago to Kshs 7.1 tn now, at a 10-year CAGR of 18.5%. Government Debt to GDP in Kenya averaged 54.63 percent from 1998 until 2019, reaching an all time high of 78.30 percent in 2000 and a record low of 38.20 percent in 2012. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Bilateral debt is just one component of external debt – others are multilateral debt and commercial debt.. Kenya’s KSh3.8-trillion external public debt as of December 2020 comprised:. China is now Kenya’s largest creditor, accounting for 57% the country’s total external debt (pdf, p.37) of $4.51 billion, according to the World Bank. 2. The 2019 local debt maturities account for $10.37 billion (R145.61bn) out of the total outstanding local debt of $24.21bn, the ministry said. KENYA: Total Public Debt at Historical High KENYA: Total Public Debt at Historical High 2013-01-01 00:00:00 The President outlines an ambitious economic development plan, but the country's accumulating debt worries analysts. The total national debt exceeds over Kenyan shillings (KSh) 5 trillion ($50 billion), i.e. License : CC BY-4.0 It is worth considering that other countries, although wealthier than Kenya, have a much bigger ratio. Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again. 204,000 in 2019. The World Bank Group’s Country Partnership Strategy (CPS) 2014-2018 for Kenya supports the government’s strategy of ending extreme poverty and increasing shared prosperity. +254 709 083 000 Kenya has at most 17 years to clear her compound debt that stands at almost Sh12 trillion, all factors remaining constant. Nation Media Group. Over the past few years, Kenya’s Public Debt has been on the rise, increasing from Kshs 1.3 tn 10 years ago to Kshs 7.1 tn now, at a 10-year CAGR of 18.5%. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. P.O Box 60000 - 00200 Data Briefs. Kenyan Debt. What you need to know: The debt bill has also shocked Parliament, which has, for the past eight years, acted as cheerleader for the National Treasury’s borrowing spree that has never been seen in any East African nation before. Nation Media Group. Direct access to our calendar releases and historical data. Likewise, Kenya’s borrowing spree has increased the accumulation of new debts with signs that the country’s capacity to repay the loans could be impaired, eventually leading to debt crisis. The amount is way above Kenya’s Gross Domestic Product (GDP) estimated at Sh8.2 trillion, meaning the country’s net worth is in the negative. +254 20 286 0000 However, as of 2018, Kenya’s real per capita GDP (constant 2010 US$) was US$ 1,200 while that of Zambia, Ghana and Nigeria was US$ 1700, US$ Understanding Kenya’s external debt. Gross public debt increased from Germany’s debt ratio is currently at 59.81% of its GDP. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Total bad debts for the industry rose to 14.1% of the total in December from 13.6% in October, the central bank said, adding that the lenders have responded appropriately. Kenya’s domestic debt stands at 24.7 percent of … Haile Selassie Avenue Bilateral debt at KSh1.2-trillion The tables include public and publicly guaranteed debt stock and debt services due by creditor country. 60% of the GDP GDP Kenya has at most 17 years to clear her compound debt that stands at almost Sh12 trillion, all factors remaining constant. That figure has grown quickly. 7,254,462.03. Kenya’s overall public debt has increased in the past two years. Nairobi, Kenya Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). 2. Download historical data for 20 million indicators using your browser. The National Treasury reports that as at March 2018, more than half (USD$24.9 billion) of Kenya’s total public debt came from outside the country, up from USD$21.6 billion a year before. The total national debt exceeds over Kenyan shillings (KSh) 5 … Kenya’s total Public Debt rose to KSh 6.6 Trillion at the end of May this year compared to KSh 6.4 Trillion in April 2020 and KSh 6 Trillion in February this year. Kenyan Debt. Total gross domestic debt stock increased by 22.4 per cent from Sh858.8 billion as at end-June 2012 to Sh1 trillion. Kenya’s combined total debt was 52.2 per cent of GDP as at this March. Central government debt, total (% of GDP) - Kenya International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. For KQ, the write-off will be a reprieve, especially in the wake of it reporting a loss of Sh7.5 billion for the year ending December 2018 amid a Sh200 billion debt snare. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Good evening. Published on May 12, 2020, 4:23 AM EDT They showed that as at 31 March 2018, Kenya owed China KSh534.1 billion, or 72% of the country’s total bilateral debt of KSh741 billion. Kenya is in the process of issuing a third Eurobond bond valued at $2.5 billion to pay off other maturing debt obligations. The new update of the IMF’s Global Debt Database shows that total global debt (public plus private) reached US$188 trillion at the end of 2018, up by US$3 trillion when compared to 2017. External Debt. 3,482,653.56. comms@centralbank.go.ke, Bank Supervision & Banking Sector Reports, Principal Exports: Volume, Value and Unit Prices, Value of Exports to Selected African Countries, Value of Exports to Selected Rest of World Countries, Value of Direct Imports from Selected African Countries, Value of Direct Imports from Selected Rest of World Countries, Number of ATMs, ATM Cards, & POS Machines, Next Monetary Policy Committee (MPC) Meeting, MPC Market Perceptions Survey of January 2021. The global average debt-to-GDP ratio (weighted by each country’s GDP) edged up to 226 percent in 2018, 1½ percentage points above the previous year. Kenya 82 Kosovo 83 Kyrgyz Republic 84 Lao People’s Democratic Republic 85 Lebanon 86 Lesotho 87 ... countries had accumulated a total of $387 billion external debt stock, more than double the level of ... the levels of debt, as well as its composition, is 2020.