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Economy of Azerbaijan vs Kenya compared: GDP & Debt

Updated on by Georank

Azerbaijan has a GDP of $75.9B compared to $136B for Kenya, ranking 87/197 and 62/197 by economy size, respectively.

Azerbaijan has $15.3B in government debt (20.1% of GDP), compared to $94.3B (69.3% of GDP) in Kenya.

Azerbaijan vs Kenya GDP by year

Azerbaijan
Kenya
1x
Year GDP, current $
Azerbaijan Kenya
2025 $75,937,647,059 $135,941,278,879
2024 $74,426,000,000 $120,397,537,850
2023 $72,428,470,588 $107,500,884,685
2022 $78,807,470,588 $114,448,978,153
2021 $54,825,411,765 $109,703,658,905
2020 $42,693,000,000 $100,657,505,751
2019 $48,174,235,294 $100,378,436,207
2018 $47,112,470,052 $92,202,979,985
2017 $40,866,627,352 $82,036,510,877
2016 $37,866,996,883 $74,815,144,164
2015 $53,076,235,355 $70,120,446,897
2014 $75,239,785,452 $68,285,796,514
2013 $74,160,560,124 $61,671,440,408
2012 $69,679,944,504 $56,396,704,672
2011 $65,952,796,428 $46,869,473,151
2010 $52,909,294,792 $45,405,615,064
2009 $44,292,427,185 $42,347,217,913
2008 $48,851,293,785 $35,895,153,328
2007 $33,049,419,431 $31,958,195,182
2006 $20,981,929,498 $25,825,512,284
2005 $13,245,421,881 $18,737,895,513
2004 $8,680,405,741 $16,095,337,094
2003 $7,276,413,079 $14,904,517,650
2002 $6,236,087,738 $13,147,736,899
2001 $5,707,616,204 $12,986,007,426
2000 $5,272,615,723 $12,705,350,098
1999 $4,581,248,567 $12,896,010,459
1998 $4,446,368,571 $14,093,998,844
1997 $3,962,362,387 $13,115,764,358
1996 $3,176,507,376 $12,045,865,396
1995 $2,417,331,193 $9,046,320,255
1994 $1,193,141,110 $7,148,148,564
1993 $1,570,392,598 $5,751,786,643
1992 $444,658,672 $8,209,120,763
1991 $5,344,000,000 $8,151,488,783
1990 $8,884,848,485 $8,572,359,038
1989 - $8,283,114,514
1988 - $8,355,380,879
1987 - $7,970,820,369
1986 - $7,239,126,568
1985 - $6,135,034,214
1984 - $6,191,437,070
1983 - $5,979,198,314
1982 - $6,431,579,357
1981 - $6,854,491,706
1980 - $7,265,315,820
1979 - $6,234,391,113
1978 - $5,303,735,111
1977 - $4,494,378,764
1976 - $3,474,542,392
1975 - $3,259,345,083
1974 - $2,969,958,812
1973 - $2,509,001,324
1972 - $2,107,279,157
1971 - $1,778,391,289
1970 - $1,603,447,359
1969 - $1,458,379,417
1968 - $1,353,295,459
1967 - $1,232,559,507
1966 - $1,164,519,674
1965 - $997,919,321
1964 - $998,759,334
1963 - $926,589,349
1962 - $868,111,401
1961 - $792,959,473
1960 - $791,265,459

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

GDP per capita in Azerbaijan vs Kenya by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,411 - $2,363 -
2024 $7,295 $25,089 $2,133 $6,644
2023 $7,133 $23,652 $1,943 $6,317
2022 $7,771 $22,552 $2,110 $5,883
2021 $5,408 $20,111 $2,061 $5,339
2020 $4,230 $15,164 $1,928 $4,793
2019 $4,806 $16,675 $1,960 $4,687
2018 $4,740 $15,283 $1,836 $4,412
2017 $4,147 $14,316 $1,667 $4,177
2016 $3,881 $14,536 $1,554 $3,917
2015 $5,501 $15,075 $1,489 $3,678
2014 $7,891 $17,564 $1,483 $3,359
2013 $7,875 $17,268 $1,371 $3,106
2012 $7,496 $15,994 $1,285 $2,847
2011 $7,190 $14,805 $1,096 $2,750
2010 $5,844 $14,930 $1,092 $2,635
2009 $4,950 $14,246 $1,048 $2,480
2008 $5,574 $13,217 $916 $2,459
2007 $3,851 $11,974 $840 $2,481
2006 $2,473 $9,398 $700 $2,330
2005 $1,578 $6,855 $523 $2,189
2004 $1,045 $5,248 $464 $2,066
2003 $884 $4,718 $443 $1,975
2002 $763 $4,230 $403 $1,940
2001 $704 $3,835 $411 $1,961
2000 $655 $3,439 $415 $1,907
1999 $574 $3,052 $434 $1,910
1998 $562 $2,827 $488 $1,895
1997 $506 $2,565 $467 $1,865
1996 $409 $2,407 $441 $1,875
1995 $315 $2,357 $340 $1,818
1994 $157.1 $2,648 $276.4 $1,754
1993 $209.5 $3,272 $229 $1,723
1992 $60.2 $4,220 $337 $1,728
1991 $735 $5,412 $345 $1,756
1990 $1,238 $5,343 $374 $1,729
1989 - - $374 -
1988 - - $391 -
1987 - - $387 -
1986 - - $364 -
1985 - - $320 -
1984 - - $334 -
1983 - - $335 -
1982 - - $374 -
1981 - - $413 -
1980 - - $454 -
1979 - - $403 -
1978 - - $355 -
1977 - - $311 -
1976 - - $248.9 -
1975 - - $241.2 -
1974 - - $227.2 -
1973 - - $198.6 -
1972 - - $172.6 -
1971 - - $150.9 -
1970 - - $141 -
1969 - - $133.3 -
1968 - - $128.7 -
1967 - - $121.9 -
1966 - - $119.8 -
1965 - - $106.9 -
1964 - - $111.3 -
1963 - - $107.4 -
1962 - - $104.6 -
1961 - - $99.3 -
1960 - - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

Azerbaijan's GDP per capita is $7,411, ranking 101/197, compared to $2,363 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Kenya ranks 149th at $6,644.

Economic indicators

Azerbaijan Kenya
Gross domestic product
$75.9B
2025
$136B
2025
GDP rank
87/197
2025
62/197
2025
GDP growth
1.45%
2024-2025
4.63%
2024-2025
GDP per capita
$7,411
2025
$2,363
2025
GDP per capita rank
101/197
2025
154/197
2025
GDP per capita, PPP
$25,089
2024
$6,644
2024
GDP per capita PPP rank
82/197
2024
149/197
2024
Government debt
$15.3B
2025
$94.3B
2025
Debt-to-GDP ratio
20.1%
2025
69.3%
2025
Government debt per person
$1,492
2025
$1,638
2025
Government debt per person rank
131/185
2025
126/185
2025
Average annual personal income after taxes
$6,426
2026
$2,538
2026
Market capitalization of domestic companies
$1.57B
2025
$22.8B
2025
Income share by richest 10%
24.2%
2005
30.9%
2022
Income share by poorest 10%
4.8%
2005
2.9%
2022
Government expenditure, % of GDP
34.6%
2025
24%
2025
Consumer prices inflation
5.62%
2024-2025
4.07%
2024-2025
Central bank interest rate
6.5%
2026
8.75%
2026
Unemployment rate
5.7%
2022
5.44%
2022
Population
10333222
59218766

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Azerbaijan Kenya
Government spending Government debt Government spending Government debt
2025 34.6% 20.1% 24% 69.3%
2024 33.9% 21.6% 23.2% 67.3%
2023 32.7% 21.8% 22.6% 73.4%
2022 26.2% 17.3% 23.1% 67.8%
2021 32.2% 26.3% 24% 68.2%
2020 40.2% 21.3% 24.8% 68%
2019 32.5% 17.7% 24.4% 59.1%
2018 33.2% 18.7% 24.5% 56.4%
2017 35.6% 22.5% 25.2% 53.9%
2016 35.4% 20.6% 25.3% 50.4%
2015 38.7% 18% 23.8% 45.8%
2014 36.4% 8.53% 23.4% 41.3%
2013 37.8% 6.18% 23.2% 39.8%
2012 36.6% 5.83% 22.1% 37.6%
2011 33.7% 4.97% 20.1% 35.7%
2010 32% 4.98% 21.5% 36.7%
2009 34.5% 4.73% 20.3% 36%
2008 31.4% 3.22% 18.9% 34.3%
2007 26.1% 4% 18.1% 34.2%
2006 25.3% 5.3% 17.3% 37.1%
2005 22.5% 6.85% 16.2% 37.4%
2004 24.2% 9.71% 15.4% 40.8%
2003 21.7% 10.7% 16% 43.8%
2002 23.1% 11.9% 15.7% 42%
2001 16.8% 13% 14.9% 41.3%
2000 18.2% 13.1% 14.1% 43.1%
1999 19.5% 25.4% 13.7% 38.4%
1998 18.7% 14.3% 15.3% 38.5%
1997 18.5% 11.4% 15.6% 36%
1996 19.8% 16.7% 15.2% 40.5%
1995 18.9% 19.2% 17.3% 52.1%
1994 14.7% 11.7% 18.8% 57%
1993 - - 18.9% 61.6%
1992 - - 17.6% 41.2%
1991 - - 16.4% 43%
1990 - - 17.2% 37.6%
1989 - - 16.3% 33.4%
1988 - - 15.9% 33.9%
1987 - - 15.5% 36.3%
1986 - - 15.3% 31.3%
1985 - - 15.6% 28.8%
1984 - - 14.9% 25.6%
1983 - - 14.6% 26.1%
1982 - - 16.2% 26.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

In 2025, Azerbaijan's government spending was $26.3B, accounting for 34.6% of its GDP, while Kenya spent $32.6B, or 24% of GDP.

Debt-to-GDP ratio is 20.1% in Azerbaijan and 69.3% in Kenya, ranking 174/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Kenya
1x
Year Deficit/surplus, % of GDP
Azerbaijan Kenya
2025 2.56% -6.41%
2024 4.05% -5.74%
2023 7.92% -5.61%
2022 5.96% -6.01%
2021 4.21% -7.2%
2020 -6.44% -8.13%
2019 8.95% -7.4%
2018 5.43% -6.91%
2017 -1.34% -7.37%
2016 -1.17% -7.45%
2015 -4.83% -6.68%
2014 2.74% -5.75%
2013 1.64% -5.25%
2012 3.71% -5.29%
2011 10.9% -3.64%
2010 13.8% -3.67%
2009 5.86% -3.12%
2008 17.2% -1.95%
2007 2.34% -0.95%
2006 0.66% -0.43%
2005 2.74% -0.19%
2004 1.78% 0.5%
2003 1.6% -0.73%
2002 19.4% -1.29%
2001 21.8% -0.53%
2000 0.14% 0.38%
1999 -1.03% 0.84%
1998 1.63% -0.03%
1997 -0.94% -0.91%
1996 -2.25% -0.49%
1995 -1.34% -0.23%
1994 3.21% -4.14%
1993 - -8.57%
1992 - -8.28%
1991 - -6.56%
1990 - -3.28%
1989 - -2.39%
1988 - -1.97%
1987 - -2.27%
1986 - -2.98%
1985 - -3.05%
1984 - -2.55%
1983 - -2.17%
1982 - -3.07%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

In 2025, Azerbaijan's government surplus, the difference between spending and revenue, was $1.94B, equivalent to 2.56% of GDP. This compares to Kenya's deficit of $8.72B, or 6.41% of GDP.

Over the past 32 years, Azerbaijan recorded a fiscal deficit in 8 of those years, while Kenya ran a deficit in 29 years. On average, Azerbaijan posted an annual surplus equal to 4.09% of GDP, compared to deficit of 3.49% of GDP for Kenya.

Inflation comparison by year

Inflation
Azerbaijan

Kenya
1x
Year Consumer prices inflation
Azerbaijan Kenya
2025 5.62% 4.07%
2024 2.21% 4.49%
2023 8.79% 7.67%
2022 13.9% 7.66%
2021 6.65% 6.11%
2020 2.76% 5.41%
2019 2.61% 5.24%
2018 2.27% 4.69%
2017 12.9% 8.01%
2016 12.4% 6.3%
2015 4.03% 6.58%
2014 1.37% 6.88%
2013 2.42% 5.72%
2012 1.07% 9.38%
2011 7.86% 14%
2010 5.73% 3.96%
2009 1.46% 9.23%
2008 20.8% 26.2%
2007 16.7% 9.76%
2006 8.33% 14.5%
2005 9.68% 10.3%
2004 6.71% 11.6%
2003 2.23% 9.82%
2002 2.77% 1.96%
2001 1.55% 5.74%
2000 1.81% 9.98%
1999 -8.53% 5.74%
1998 -0.77% 6.72%
1997 3.67% 11.4%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

Over the past 29 years, Azerbaijan has recorded an average annual inflation rate of 5.49%, compared with 8.25% in Kenya. In 2025, inflation was 5.62% in Azerbaijan and 4.07% in Kenya.

Top exports between countries

Azerbaijan
Export category Export value
Processed food, beverages & tobacco $45K
Raw materials & minerals $39K
Machinery & equipment $17K
Textiles & consumer goods $6K
Kenya
Export category Export value
Raw agricultural goods $1.15M
Textiles & consumer goods $11K
Machinery & equipment $3K
Animal & marine products $1K
Chemicals & pharma $1K
Metals $1K
Wood & paper products $1K

Balance of trade

Azerbaijan Kenya
Current account balance
$3.48B
2025
-$1.55B
2024
Current account balance ranking
35/190
2025
130/190
2024
Current account balance, % of GDP
+4.58%
2025
-1.29%
2024
Goods imports
$17.7B
2025
$22.2B
2024
Goods exports
$24.1B
2025
$12.5B
2024
Service imports
$10.3B
2025
$5.64B
2024
Service exports
$8.6B
2025
$8.04B
2024
Imports of goods and services, % of GDP
36.8%
2025
21.8%
2025
Exports of goods and services, % of GDP
43%
2025
15.8%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Azerbaijan Kenya
Economic freedom 64.3 55.5
Economic freedom ranking 74/197 128/197
Property rights 53.3 40.2
Government integrity 23.6 32.7
Judicial effectiveness 16.5 47
Tax burden 87.9 76.3
Government spending 71.3 84.1
Fiscal health 99.1 36.2
Business freedom 71.2 61.5
Labor freedom 56.9 56.5
Monetary freedom 76 75.1
Trade freedom 75.8 52
Investment freedom 70 55
Financial freedom 70 50

Economic freedom comparison by year

Azerbaijan
Kenya
1x
Year Economic freedom index
Azerbaijan Kenya
2026 64.3 55.5
2025 62.5 54.8
2024 61.6 53.6
2023 61.4 52.5
2022 61.6 52.6
2021 70.1 54.9
2020 69.3 55.3
2019 65.4 55.1
2018 64.3 54.7
2017 63.6 53.5
2016 60.2 57.5
2015 61 55.6
2014 61.3 57.1
2013 59.7 55.9
2012 58.9 57.5
2011 59.7 57.4
2010 58.8 57.5
2009 58 58.7
2008 55.3 59.3
2007 54.6 59.6
2006 53.2 59.7
2005 54.4 57.9
2004 53.4 57.7
2003 54.1 58.6
2002 53.3 58.2
2001 50.3 57.6
2000 49.8 59.7
1999 47.4 58.2
1998 43.1 58.4
1997 34 60.1
1996 30 56.4
1995 - 54.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Kenya
Services, % of GDP
45.3%
2025
55.1%
2025
Industry, % of GDP
39.5%
2025
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
5.93%
2025
23.2%
2025
GNI, Atlas method
$75.4B
2025
$127B
2025
GNI per capita, PPP
$25,430
2025
$6,910
2025
Total reserves including gold
$13.6B
2025
$12.4B
2025
Total reserves ranking
74/177
2025
76/177
2025
Net foreign direct investment
$536M
2025
-$45.8M
2024
Net inflows of foreign direct investment
$231M
2024
$463M
2024
Net outflows of foreign direct investment
$742M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
5.82%
2024
4.82%
2024
Poverty at national poverty lines
6%
2012
39.8%
2022
Gross capital formation, % of GDP
18.9%
2025
17%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/azerbaijan/kenya | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.