Exports and imports rebounded in 2010 as both external and internal demand recovered, leading to a wider trade deficit. This outweighed an increase in the invisible surplus (driven by growth in tourism, regional services and remittances) and pushed the current-account deficit wider, to an estimated 5.9% of GDP, although the gap will narrow again during the forecast period. Trade activity will continue to quicken in 2011 and imports will outpace exports as faster GDP growth sucks in consumer and capital goods, while prices for key export commodities such as tea will decline. The higher trade deficit will offset a further rise in the invisible surplus, but the current-account deficit will shrink to 5.3% of GDP owing to stronger economic growth. Thereafter, we expect the current-account deficit to continue falling steadily, to 4.6% of GDP in 2012 and 3.4% of GDP in 2013-and to remain within the 2-3% of GDP range in 2014-15, owing to stronger invisible inflows, especially from tourism and regional services. Imports will remain on an upward path, but regional integration and strong Asian demand will boost exports and help to contain the trade deficit. The current-account deficit, although declining towards the end of the period, will leave Kenya dependent on external inflows-either debt or investment-to fill the gap.