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Economy of Egypt vs Kenya compared: GDP & Debt

Updated on by Georank team

Egypt has a GDP of $389B compared to $120B for Kenya, ranking 41/197 and 64/197 by economy size, respectively.

Egypt has $354B in government debt (90.9% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Egypt vs Kenya GDP by year

Egypt
Kenya
1x
Year GDP, current $
Egypt Kenya
2024 $389,059,911,004 $120,339,557,906
2023 $395,926,075,163 $107,500,884,685
2022 $476,747,720,365 $114,448,978,153
2021 $424,671,765,456 $109,703,658,905
2020 $383,817,841,547 $100,657,505,751
2019 $318,678,815,490 $100,378,436,207
2018 $262,588,632,527 $92,202,979,985
2017 $248,362,771,739 $82,036,510,877
2016 $332,441,717,791 $74,815,144,164
2015 $329,366,576,819 $70,120,446,897
2014 $305,595,408,895 $68,285,796,514
2013 $288,434,108,527 $61,671,440,408
2012 $279,116,666,667 $56,396,704,672
2011 $235,989,672,978 $46,869,473,151
2010 $218,983,666,062 $45,405,615,064
2009 $189,147,005,445 $42,347,217,913
2008 $162,818,181,818 $35,895,153,328
2007 $130,437,828,371 $31,958,195,182
2006 $107,426,086,957 $25,825,512,284
2005 $89,660,339,660 $18,737,895,513
2004 $78,782,467,532 $16,095,337,094
2003 $80,288,461,538 $14,904,517,650
2002 $85,146,067,416 $13,147,736,899
2001 $96,684,636,119 $12,986,007,426
2000 $99,838,543,960 $12,705,350,098
1999 $90,710,704,807 $12,896,010,459
1998 $84,828,807,556 $14,093,998,844
1997 $78,436,578,171 $13,115,764,358
1996 $67,629,716,981 $12,045,865,396
1995 $60,159,245,060 $9,046,320,255
1994 $51,897,983,393 $7,148,148,564
1993 $46,578,631,453 $5,751,786,643
1992 $41,855,986,519 $8,209,120,763
1991 $37,387,836,491 $8,151,488,783
1990 $42,978,914,311 $8,572,359,038
1989 $39,756,299,050 $8,283,114,514
1988 $34,980,124,929 $8,355,380,879
1987 $40,455,616,654 $7,970,820,369
1986 $41,253,507,951 $7,239,126,568
1985 $39,053,502,251 $6,135,034,214
1984 $33,971,188,992 $6,191,437,070
1983 $30,966,239,814 $5,979,198,314
1982 $27,655,172,414 $6,431,579,357
1981 $22,136,081,081 $6,854,491,706
1980 $21,669,908,176 $7,265,315,820
1979 $18,020,571,429 $6,234,391,113
1978 $14,811,704,063 $5,303,735,111
1977 $14,400,806,876 $4,494,378,764
1976 $13,315,988,083 $3,474,542,392
1975 $11,632,178,869 $3,259,345,083
1974 $9,228,963,225 $2,969,958,812
1973 $10,098,534,613 $2,509,001,324
1972 $9,299,638,056 $2,107,279,157
1971 $8,609,283,346 $1,778,391,289
1970 $8,042,200,452 $1,603,447,359
1969 $6,524,455,206 $1,458,379,417
1968 $5,932,242,991 $1,353,295,459
1967 $5,605,484,299 $1,232,559,507
1966 $5,278,005,612 $1,164,519,674
1965 $4,948,667,540 $997,919,321
1964 $4,709,245,762 $998,759,334
1963 $4,187,146,232 $926,589,349
1962 $4,035,462,027 $868,111,401
1961 $4,494,575,611 $792,959,473
1960 $4,206,270,352 $791,265,459

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Egypt vs Kenya by year

Egypt
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Egypt Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,338 $19,094 $2,132 $6,644
2023 $3,457 $18,525 $1,943 $6,317
2022 $4,233 $17,527 $2,110 $5,883
2021 $3,827 $15,579 $2,061 $5,339
2020 $3,511 $15,232 $1,928 $4,793
2019 $2,963 $13,364 $1,960 $4,687
2018 $2,485 $12,329 $1,836 $4,412
2017 $2,395 $11,125 $1,667 $4,177
2016 $3,271 $10,666 $1,554 $3,917
2015 $3,307 $10,903 $1,489 $3,678
2014 $3,133 $10,256 $1,483 $3,359
2013 $3,026 $10,511 $1,371 $3,106
2012 $2,996 $10,342 $1,285 $2,847
2011 $2,591 $8,988 $1,096 $2,750
2010 $2,455 $8,838 $1,092 $2,635
2009 $2,162 $8,465 $1,048 $2,480
2008 $1,896 $8,191 $916 $2,459
2007 $1,548 $7,641 $840 $2,481
2006 $1,299 $7,079 $700 $2,330
2005 $1,106 $6,554 $523 $2,189
2004 $991 $6,207 $464 $2,066
2003 $1,031 $5,928 $443 $1,975
2002 $1,117 $5,753 $403 $1,940
2001 $1,295 $5,650 $411 $1,961
2000 $1,366 $5,452 $415 $1,907
1999 $1,268 $5,121 $434 $1,910
1998 $1,213 $4,869 $488 $1,895
1997 $1,146 $4,661 $467 $1,865
1996 $1,009 $4,434 $441 $1,875
1995 $916 $4,235 $340 $1,818
1994 $807 $4,048 $276.4 $1,754
1993 $740 $3,895 $229 $1,723
1992 $681 $3,784 $337 $1,728
1991 $623 $3,627 $345 $1,756
1990 $736 $3,566 $374 $1,729
1989 $701 - $374 -
1988 $634 - $391 -
1987 $754 - $387 -
1986 $790 - $364 -
1985 $770 - $320 -
1984 $690 - $334 -
1983 $648 - $335 -
1982 $596 - $374 -
1981 $490 - $413 -
1980 $493 - $454 -
1979 $421 - $403 -
1978 $355 - $355 -
1977 $353 - $311 -
1976 $335 - $248.9 -
1975 $299.2 - $241.2 -
1974 $243.1 - $227.2 -
1973 $272.2 - $198.6 -
1972 $256.5 - $172.6 -
1971 $243 - $150.9 -
1970 $232.3 - $141 -
1969 $193 - $133.3 -
1968 $179.8 - $128.7 -
1967 $174.1 - $121.9 -
1966 $168.1 - $119.8 -
1965 $161.6 - $106.9 -
1964 $157.7 - $111.3 -
1963 $143.9 - $107.4 -
1962 $142.4 - $104.6 -
1961 $162.8 - $99.3 -
1960 $156.4 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Egypt's GDP per capita is $3,338, ranking 138/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Egypt ranks 99th at $19,094, while Kenya ranks 149th at $6,644.

Economic indicators

Egypt Kenya
Gross domestic product
$389B
2024
$120B
2024
GDP rank
41/197
2024
64/197
2024
GDP growth
2.4%
2023-2024
4.72%
2023-2024
GDP per capita
$3,338
2024
$2,132
2024
GDP per capita rank
138/197
2024
154/197
2024
GDP per capita, PPP
$19,094
2024
$6,644
2024
GDP per capita PPP rank
99/197
2024
149/197
2024
Government debt
$354B
2024
$81B
2024
Debt-to-GDP ratio
90.9%
2024
67.3%
2024
Government debt per person
$3,036
2024
$1,436
2024
Government debt per person rank
99/185
2024
133/185
2024
Average annual personal income after taxes
$1,948
2026
$3,229
2026
Market capitalization of domestic companies
$42.6B
2024
$15B
2024
Number of billionaires
5
2025
n/a
Income share by richest 10%
24.6%
2021
30.1%
2022
Income share by poorest 10%
4.2%
2021
2.9%
2022
Government expenditure, % of GDP
22.9%
2024
23.3%
2024
Consumer prices inflation
28.3%
2023-2024
4.49%
2023-2024
Central bank interest rate
21%
2025
9.25%
2025
Unemployment rate
5.95%
2024
5.44%
2022
Population
120697176
58955623

Spending and national debt comparison by year

Egypt
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Egypt Kenya
Government spending Government debt Government spending Government debt
2024 22.9% 90.9% 23.3% 67.3%
2023 22.7% 95.9% 22.7% 73.4%
2022 24.9% 88.5% 23.2% 67.8%
2021 25.5% 89.9% 24% 68.2%
2020 25.7% 86.2% 24.8% 68%
2019 26.9% 80.1% 24.4% 59.1%
2018 28.6% 87.9% 24.5% 56.4%
2017 30.6% 97.8% 25.2% 53.9%
2016 31% 91.6% 25.4% 50.4%
2015 31.3% 83.8% 23.8% 45.8%
2014 33.9% 80.9% 23.4% 41.3%
2013 32.9% 79.8% 23.2% 39.8%
2012 29.2% 69.9% 22.1% 37.6%
2011 30.5% 72.8% 20.1% 35.7%
2010 31.4% 69.6% 21.5% 36.7%
2009 32.5% 69.5% 20.3% 36%
2008 32.7% 66.8% 18.9% 34.3%
2007 31.3% 76.3% 18.1% 34.2%
2006 34.5% 85.9% 17.3% 37.1%
2005 30.3% 98.3% 16.2% 37.4%
2004 30.1% 96.5% 15.4% 40.8%
2003 30.6% 97.1% 16% 43.8%
2002 30.9% 85.8% 15.7% 42%
2001 27.9% 79.1% 14.9% 41.3%
2000 26% 71.7% 14.1% 43.1%
1999 26.3% 72.4% 13.7% 38.4%
1998 - 73.8% 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/egypt/kenya | CC BY

In 2024, Egypt's government spending was $89.2B, accounting for 22.9% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 90.9% in Egypt and 67.3% in Kenya, ranking 31/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Egypt

Kenya
1x
Year Deficit/surplus, % of GDP
Egypt Kenya
2024 -7.12% -5.77%
2023 -5.77% -5.71%
2022 -5.74% -6.06%
2021 -6.96% -7.2%
2020 -7.47% -8.13%
2019 -7.6% -7.42%
2018 -8.97% -6.94%
2017 -9.9% -7.4%
2016 -11.8% -7.47%
2015 -10.4% -6.68%
2014 -10.7% -5.75%
2013 -12.3% -5.25%
2012 -9.47% -5.29%
2011 -9.6% -3.64%
2010 -7.45% -3.67%
2009 -6.2% -3.12%
2008 -6.05% -1.95%
2007 -4.9% -0.95%
2006 -7.35% -0.43%
2005 -6.69% -0.19%
2004 -5.76% 0.5%
2003 -5.73% -0.73%
2002 -6.77% -1.29%
2001 -1.07% -0.53%
2000 1.32% 0.38%
1999 2.14% 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/egypt/kenya | CC BY

In 2024, Egypt's government deficit, the difference between spending and revenue, was $27.7B, equivalent to 7.12% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 26 years, Egypt recorded a fiscal deficit in 24 of those years, while Kenya ran a deficit in 23 years. On average, Egypt posted an annual deficit equal to 6.86% of GDP, compared to deficit of 3.84% of GDP for Kenya.

Inflation comparison by year

Inflation
Egypt

Kenya
1x
Year Consumer prices inflation
Egypt Kenya
2024 28.3% 4.49%
2023 33.9% 7.67%
2022 13.9% 7.66%
2021 5.21% 6.11%
2020 5.04% 5.41%
2019 9.15% 5.24%
2018 14.4% 4.69%
2017 29.5% 8.01%
2016 13.8% 6.3%
2015 10.4% 6.58%
2014 10.1% 6.88%
2013 9.47% 5.72%
2012 7.11% 9.38%
2011 10.1% 14%
2010 11.3% 3.96%
2009 11.8% 9.23%
2008 18.3% 26.2%
2007 9.32% 9.76%
2006 7.64% 14.5%
2005 4.87% 10.3%
2004 11.3% 11.6%
2003 4.51% 9.82%
2002 2.74% 1.96%
2001 2.27% 5.74%
2000 2.68% 9.98%
1999 3.08% 5.74%
1998 3.87% 6.72%
1997 4.63% 11.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Egypt has recorded an average annual inflation rate of 10.7%, compared with 8.39% in Kenya. In 2024, inflation was 28.3% in Egypt and 4.49% in Kenya.

Top exports between countries

Egypt
Export category Export value
Processed food, beverages & tobacco $68.3M
Chemicals & pharma $58.3M
Wood & paper products $39.9M
Machinery & equipment $34.8M
Metals $30.5M
Raw materials & minerals $18.3M
Textiles & consumer goods $17.3M
Miscellaneous $14.2M
Raw agricultural goods $13.8M
Weapons & explosives $11.9M
Kenya
Export category Export value
Raw agricultural goods $197M
Wood & paper products $6.97M
Processed food, beverages & tobacco $1.22M
Textiles & consumer goods $1.07M
Animal & marine products $663K
Chemicals & pharma $636K
Raw materials & minerals $400K
Metals $166K
Machinery & equipment $113K

Balance of trade

Egypt Kenya
Current account balance
-$22.3B
2024
-$1.55B
2024
Current account balance ranking
184/190
2024
134/190
2024
Current account balance, % of GDP
-5.72%
2024
-1.29%
2024
Goods imports
$72.9B
2024
$22.2B
2024
Goods exports
$34.8B
2024
$12.5B
2024
Service imports
$27.5B
2024
$5.64B
2024
Service exports
$29.6B
2024
$8.04B
2024
Imports of goods and services, % of GDP
23.2%
2024
23.1%
2024
Exports of goods and services, % of GDP
16.4%
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.

Egypt Kenya
Economic freedom 50.3 55.5
Economic freedom ranking 160/197 128/197
Property rights 35.5 40.2
Government integrity 27.1 32.7
Judicial effectiveness 24 47
Tax burden 85.7 76.3
Government spending 83.4 84.1
Fiscal health 21.8 36.2
Business freedom 51.4 61.5
Labor freedom 43.1 56.5
Monetary freedom 56 75.1
Trade freedom 60.2 52
Investment freedom 65 55
Financial freedom 50 50

Economic freedom comparison by year

Egypt
Kenya
1x
Year Economic freedom index
Egypt Kenya
2026 50.3 55.5
2025 50.9 54.8
2024 49.7 53.6
2023 49.6 52.5
2022 49.1 52.6
2021 55.7 54.9
2020 54 55.3
2019 52.5 55.1
2018 53.4 54.7
2017 52.6 53.5
2016 56 57.5
2015 55.2 55.6
2014 52.9 57.1
2013 54.8 55.9
2012 57.9 57.5
2011 59.1 57.4
2010 59 57.5
2009 58 58.7
2008 58.5 59.3
2007 54.4 59.6
2006 53.2 59.7
2005 55.8 57.9
2004 55.5 57.7
2003 55.3 58.6
2002 54.1 58.2
2001 51.5 57.6
2000 51.7 59.7
1999 58 58.2
1998 55.8 58.4
1997 54.5 60.1
1996 52 56.4
1995 45.7 54.5

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

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

The Economic Freedom Index for Egypt is 50.3, ranking 160/197, 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

Egypt Kenya
Services, % of GDP
48.9%
2024
55.3%
2024
Industry, % of GDP
32.6%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
13.7%
2024
22.5%
2024
GNI, Atlas method
$409B
2024
$118B
2024
GNI per capita, PPP
$18,230
2024
$6,540
2024
Total reserves including gold
$44.9B
2024
$10.1B
2024
Total reserves ranking
44/177
2024
75/177
2024
Net foreign direct investment
-$46.1B
2024
-$45.8M
2024
Net inflows of foreign direct investment
$46.6B
2024
$463M
2024
Net outflows of foreign direct investment
$508M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
8.86%
2024
4.79%
2024
Poverty at national poverty lines
33.5%
2021
39.8%
2022
Gross capital formation, % of GDP
13%
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/egypt/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. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.