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Economy of East Timor vs Kenya compared: GDP & Debt

Updated on by Georank team

East Timor has a GDP of $1.87B compared to $120B for Kenya, ranking 181/197 and 64/197 by economy size, respectively.

East Timor has $249M in government debt (13.3% of GDP), compared to $81B (67.3% of GDP) in Kenya.

East Timor vs Kenya GDP by year

East Timor
Kenya
1x
Year GDP, current $
East Timor Kenya
2024 $1,865,608,515 $120,339,557,906
2023 $2,079,767,170 $107,500,884,685
2022 $3,208,599,889 $114,448,978,153
2021 $3,625,024,341 $109,703,658,905
2020 $2,162,619,241 $100,657,505,751
2019 $2,032,550,389 $100,378,436,207
2018 $1,555,988,614 $92,202,979,985
2017 $1,584,878,440 $82,036,510,877
2016 $1,640,464,612 $74,815,144,164
2015 $1,590,282,371 $70,120,446,897
2014 $1,447,535,183 $68,285,796,514
2013 $1,395,727,421 $61,671,440,408
2012 $1,160,555,040 $56,396,704,672
2011 $1,042,534,598 $46,869,473,151
2010 $881,909,347 $45,405,615,064
2009 $726,937,836 $42,347,217,913
2008 $648,523,571 $35,895,153,328
2007 $542,795,447 $31,958,195,182
2006 $453,792,415 $25,825,512,284
2005 $462,267,954 $18,737,895,513
2004 $440,771,962 $16,095,337,094
2003 $490,439,116 $14,904,517,650
2002 $469,455,491 $13,147,736,899
2001 $477,359,253 $12,986,007,426
2000 $366,924,277 $12,705,350,098
1999 $225,357,600 $12,896,010,459
1998 $325,729,800 $14,093,998,844
1997 $319,972,700 $13,115,764,358
1996 $306,956,900 $12,045,865,396
1995 $262,819,900 $9,046,320,255
1994 $239,040,500 $7,148,148,564
1993 $216,914,400 $5,751,786,643
1992 $187,891,500 $8,209,120,763
1991 $147,713,000 $8,151,488,783
1990 $128,210,142 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/kenya | CC BY

GDP per capita in East Timor vs Kenya by year

East Timor
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
East Timor Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,332 $4,423 $2,132 $6,644
2023 $1,502 $4,807 $1,943 $6,317
2022 $2,343 $5,730 $2,110 $5,883
2021 $2,685 $6,825 $2,061 $5,339
2020 $1,631 $6,132 $1,928 $4,793
2019 $1,562 $4,557 $1,960 $4,687
2018 $1,219 $3,561 $1,836 $4,412
2017 $1,266 $3,463 $1,667 $4,177
2016 $1,336 $3,391 $1,554 $3,917
2015 $1,320 $3,108 $1,489 $3,678
2014 $1,225 $2,860 $1,483 $3,359
2013 $1,205 $2,566 $1,371 $3,106
2012 $1,023 $2,386 $1,285 $2,847
2011 $939 $2,066 $1,096 $2,750
2010 $813 $1,955 $1,092 $2,635
2009 $687 $1,810 $1,048 $2,480
2008 $628 $1,675 $916 $2,459
2007 $540 $1,516 $840 $2,481
2006 $465 $1,377 $700 $2,330
2005 $487 $1,435 $523 $2,189
2004 $474 $1,379 $464 $2,066
2003 $535 $1,355 $443 $1,975
2002 $534 $1,417 $403 $1,940
2001 $588 $1,619 $411 $1,961
2000 $492 $1,483 $415 $1,907
1999 $270 $819 $434 $1,910
1998 $346 $1,108 $488 $1,895
1997 $349 $1,149 $467 $1,865
1996 $344 $1,116 $441 $1,875
1995 $303 $1,043 $340 $1,818
1994 $283.1 $985 $276.4 $1,754
1993 $264.1 $925 $229 $1,723
1992 $235.1 $843 $337 $1,728
1991 $189.8 $766 $345 $1,756
1990 $168.6 $685 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/east-timor/kenya | CC BY

East Timor's GDP per capita is $1,332, ranking 167/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), East Timor ranks 163rd at $4,423, while Kenya ranks 149th at $6,644.

Economic indicators

East Timor Kenya
Gross domestic product
$1.87B
2024
$120B
2024
GDP rank
181/197
2024
64/197
2024
GDP growth
-9.1%
2023-2024
4.72%
2023-2024
GDP per capita
$1,332
2024
$2,132
2024
GDP per capita rank
167/197
2024
154/197
2024
GDP per capita, PPP
$4,423
2024
$6,644
2024
GDP per capita PPP rank
163/197
2024
149/197
2024
Government debt
$249M
2024
$81B
2024
Debt-to-GDP ratio
13.3%
2024
67.3%
2024
Government debt per person
$177.5
2024
$1,436
2024
Government debt per person rank
182/185
2024
133/185
2024
Average annual personal income after taxes
$1,440
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10%
24%
2014
30.1%
2022
Income share by poorest 10%
4%
2014
2.9%
2022
Government expenditure, % of GDP
90.8%
2024
23.3%
2024
Consumer prices inflation
2.1%
2023-2024
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
1.54%
2022
5.44%
2022
Population
1441764
58955623

Spending and national debt comparison by year

East Timor
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
East Timor Kenya
Government spending Government debt Government spending Government debt
2024 90.8% 13.3% 23.3% 67.3%
2023 78.6% 12.4% 22.7% 73.4%
2022 59.9% 7.9% 23.2% 67.8%
2021 45.7% 6.53% 24% 68.2%
2020 61.7% 10.1% 24.8% 68%
2019 68.8% 9.51% 24.4% 59.1%
2018 85.5% 9.31% 24.5% 56.4%
2017 87.3% 6.71% 25.2% 53.9%
2016 112.2% 4.71% 25.4% 50.4%
2015 98.1% 2.95% 23.8% 45.8%
2014 111% 1.52% 23.4% 41.3%
2013 96.1% 0.46% 23.2% 39.8%
2012 129.3% 0.002% 22.1% 37.6%
2011 133.3% 0% 20.1% 35.7%
2010 121.3% 0% 21.5% 36.7%
2009 121.8% 0% 20.3% 36%
2008 122.4% 0% 18.9% 34.3%
2007 75.8% 0% 18.1% 34.2%
2006 59.8% 0% 17.3% 37.1%
2005 58.3% 0% 16.2% 37.4%
2004 74.2% 0% 15.4% 40.8%
2003 80.1% 0% 16% 43.8%
2002 93.5% 0% 15.7% 42%
2001 95.7% 0% 14.9% 41.3%
2000 - - 14.1% 43.1%
1999 - - 13.7% 38.4%
1998 - - 15.3% 38.5%
1997 - - 15.6% 36%
1996 - - 15.2% 40.5%
1995 - - 17.3% 52.1%
1994 - - 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/kenya | CC BY

In 2024, East Timor's government spending was $1.69B, accounting for 90.8% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 13.3% in East Timor and 67.3% in Kenya, ranking 178/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
East Timor

Kenya
1x
Year Deficit/surplus, % of GDP
East Timor Kenya
2024 -43.5% -5.77%
2023 -34.7% -5.71%
2022 -29.5% -6.06%
2021 -20.1% -7.2%
2020 -18.9% -8.13%
2019 -25.4% -7.42%
2018 -26.9% -6.94%
2017 -33.8% -7.4%
2016 -55.7% -7.47%
2015 -33.2% -6.68%
2014 -37.5% -5.75%
2013 -14.4% -5.25%
2012 -38.7% -5.29%
2011 -25.4% -3.64%
2010 -19.8% -3.67%
2009 -17.2% -3.12%
2008 -18.6% -1.95%
2007 -29.9% -0.95%
2006 41% -0.43%
2005 -10.5% -0.19%
2004 -7.48% 0.5%
2003 -8.24% -0.73%
2002 -7.64% -1.29%
2001 3.24% -0.53%
2000 - 0.38%
1999 - 0.84%
1998 - -0.03%
1997 - -0.91%
1996 - -0.49%
1995 - -0.23%
1994 - -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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/kenya | CC BY

In 2024, East Timor's government deficit, the difference between spending and revenue, was $812M, equivalent to 43.5% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 24 years, East Timor recorded a fiscal deficit in 22 of those years, while Kenya ran a deficit in 23 years. On average, East Timor posted an annual deficit equal to 21.4% of GDP, compared to deficit of 4.21% of GDP for Kenya.

Inflation comparison by year

Inflation
East Timor

Kenya
1x
Year Consumer prices inflation
East Timor Kenya
2024 2.1% 4.49%
2023 8.4% 7.67%
2022 7% 7.66%
2021 3.8% 6.11%
2020 0.5% 5.41%
2019 0.9% 5.24%
2018 2.3% 4.69%
2017 0.5% 8.01%
2016 -1.5% 6.3%
2015 0.6% 6.58%
2014 0.8% 6.88%
2013 9.5% 5.72%
2012 10.9% 9.38%
2011 13.2% 14%
2010 5.2% 3.96%
2009 -0.2% 9.23%
2008 7.4% 26.2%
2007 8.6% 9.76%
2006 5.2% 14.5%
2005 1.6% 10.3%
2004 2.2% 11.6%
2003 8% 9.82%
2002 4.1% 1.96%
2001 3.6% 5.74%
2000 - 9.98%
1999 - 5.74%
1998 - 6.72%
1997 - 11.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/east-timor/kenya | CC BY

Over the past 24 years, East Timor has recorded an average annual inflation rate of 4.36%, compared with 8.39% in Kenya. In 2024, inflation was 2.1% in East Timor and 4.49% in Kenya.

Balance of trade

East Timor Kenya
Current account balance
-$587M
2024
-$1.55B
2024
Current account balance ranking
108/190
2024
134/190
2024
Current account balance, % of GDP
-31.5%
2024
-1.29%
2024
Goods imports
$839M
2024
$22.2B
2024
Goods exports
$196M
2024
$12.5B
2024
Service imports
$432M
2024
$5.64B
2024
Service exports
$82.1M
2024
$8.04B
2024
Imports of goods and services, % of GDP
84.9%
2024
23.1%
2024
Exports of goods and services, % of GDP
10.6%
2024
17.1%
2024

Economic freedom indices

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

East Timor Kenya
Economic freedom 47.9 55.5
Economic freedom ranking 173/197 128/197
Property rights 43.5 40.2
Government integrity 43.9 32.7
Judicial effectiveness 34.5 47
Tax burden 97.1 76.3
Government spending 0 84.1
Fiscal health 19.6 36.2
Business freedom 62.7 61.5
Labor freedom 56.5 56.5
Monetary freedom 72.2 75.1
Trade freedom 79.8 52
Investment freedom 45 55
Financial freedom 20 50

Economic freedom comparison by year

East Timor
Kenya
1x
Year Economic freedom index
East Timor Kenya
2026 47.9 55.5
2025 47.9 54.8
2024 50.2 53.6
2023 47.2 52.5
2022 46.3 52.6
2021 44.7 54.9
2020 45.9 55.3
2019 44.2 55.1
2018 48.1 54.7
2017 46.3 53.5
2016 45.8 57.5
2015 45.5 55.6
2014 43.2 57.1
2013 43.7 55.9
2012 43.3 57.5
2011 42.8 57.4
2010 45.8 57.5
2009 50.5 58.7
2008 - 59.3
2007 - 59.6
2006 - 59.7
2005 - 57.9
2004 - 57.7
2003 - 58.6
2002 - 58.2
2001 - 57.6
2000 - 59.7
1999 - 58.2
1998 - 58.4
1997 - 60.1
1996 - 56.4
1995 - 54.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/east-timor/kenya | CC BY

The Economic Freedom Index for East Timor is 47.9, ranking 173/197, 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

East Timor Kenya
Services, % of GDP
71.6%
2024
55.3%
2024
Industry, % of GDP
11.8%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
20.2%
2024
22.5%
2024
GNI, Atlas method
$2.31B
2024
$118B
2024
GNI per capita, PPP
$5,040
2024
$6,540
2024
Total reserves including gold
$737M
2024
$10.1B
2024
Total reserves ranking
147/177
2024
75/177
2024
Net foreign direct investment
-$211M
2024
-$45.8M
2024
Net inflows of foreign direct investment
$216M
2024
$463M
2024
Net outflows of foreign direct investment
$4.5M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
4.79%
2024
Poverty at national poverty lines
41.8%
2014
39.8%
2022
Gross capital formation, % of GDP
30.1%
2024
16.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/east-timor/kenya | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.