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Economy of Georgia vs Kenya compared: GDP & Debt

Updated on by Georank

Georgia has a GDP of $38.1B compared to $136B for Kenya, ranking 106/197 and 62/197 by economy size, respectively.

Georgia has $13.1B in government debt (34.3% of GDP), compared to $94.3B (69.3% of GDP) in Kenya.

Georgia vs Kenya GDP by year

Georgia
Kenya
1x
Year GDP, current $
Georgia Kenya
2025 $38,143,612,855 $135,941,278,879
2024 $34,189,423,333 $120,397,537,850
2023 $30,777,833,601 $107,500,884,685
2022 $24,984,568,960 $114,448,978,153
2021 $18,853,115,589 $109,703,658,905
2020 $16,010,869,216 $100,657,505,751
2019 $17,638,337,117 $100,378,436,207
2018 $17,902,544,881 $92,202,979,985
2017 $16,473,125,375 $82,036,510,877
2016 $15,444,548,902 $74,815,144,164
2015 $15,223,796,149 $70,120,446,897
2014 $17,966,015,109 $68,285,796,514
2013 $17,517,660,144 $61,671,440,408
2012 $16,894,392,033 $56,396,704,672
2011 $15,475,290,469 $46,869,473,151
2010 $12,426,907,967 $45,405,615,064
2009 $10,766,920,066 $42,347,217,913
2008 $12,795,145,131 $35,895,153,328
2007 $10,172,931,089 $31,958,195,182
2006 $7,745,250,734 $25,825,512,284
2005 $6,410,912,050 $18,737,895,513
2004 $5,125,365,192 $16,095,337,094
2003 $3,991,377,904 $14,904,517,650
2002 $3,395,766,678 $13,147,736,899
2001 $3,219,462,262 $12,986,007,426
2000 $3,057,475,335 $12,705,350,098
1999 $2,800,025,883 $12,896,010,459
1998 $3,613,497,317 $14,093,998,844
1997 $3,510,520,231 $13,115,764,358
1996 $3,094,936,177 $12,045,865,396
1995 $2,693,732,612 $9,046,320,255
1994 $2,513,867,645 $7,148,148,564
1993 $2,701,181,331 $5,751,786,643
1992 $3,690,328,964 $8,209,120,763
1991 $6,324,503,311 $8,151,488,783
1990 $7,735,927,264 $8,572,359,038
1989 $8,902,632,715 $8,283,114,514
1988 $8,833,588,173 $8,355,380,879
1987 $7,321,981,334 $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/georgia/kenya | CC BY

GDP per capita in Georgia vs Kenya by year

Georgia
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Georgia Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $9,692 - $2,363 -
2024 $8,968 $28,285 $2,133 $6,644
2023 $8,284 $25,072 $1,943 $6,317
2022 $6,730 $22,461 $2,110 $5,883
2021 $5,084 $18,916 $2,061 $5,339
2020 $4,301 $16,791 $1,928 $4,793
2019 $4,741 $16,770 $1,960 $4,687
2018 $4,804 $15,022 $1,836 $4,412
2017 $4,419 $13,719 $1,667 $4,177
2016 $4,143 $13,065 $1,554 $3,917
2015 $4,087 $12,270 $1,489 $3,678
2014 $4,830 $11,771 $1,483 $3,359
2013 $4,712 $10,797 $1,371 $3,106
2012 $4,531 $10,060 $1,285 $2,847
2011 $4,120 $8,564 $1,096 $2,750
2010 $3,282 $7,712 $1,092 $2,635
2009 $2,823 $7,119 $1,048 $2,480
2008 $3,325 $7,279 $916 $2,459
2007 $2,635 $6,951 $840 $2,481
2006 $1,996 $5,980 $700 $2,330
2005 $1,643 $5,272 $523 $2,189
2004 $1,305 $4,635 $464 $2,066
2003 $1,010 $4,240 $443 $1,975
2002 $854 $3,719 $403 $1,940
2001 $802 $3,441 $411 $1,961
2000 $750 $3,161 $415 $1,907
1999 $674 $2,977 $434 $1,910
1998 $852 $2,795 $488 $1,895
1997 $807 $2,616 $467 $1,865
1996 $689 $2,253 $441 $1,875
1995 $578 $1,919 $340 $1,818
1994 $520 $1,764 $276.4 $1,754
1993 $550 $1,898 $229 $1,723
1992 $757 $2,643 $337 $1,728
1991 $1,308 $4,727 $345 $1,756
1990 $1,611 $5,836 $374 $1,729
1989 $1,853 - $374 -
1988 $1,844 - $391 -
1987 $1,544 - $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/georgia/kenya | CC BY

Georgia's GDP per capita is $9,692, ranking 89/197, compared to $2,363 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Georgia ranks 74th at $28,285, while Kenya ranks 149th at $6,644.

Economic indicators

Georgia Kenya
Gross domestic product
$38.1B
2025
$136B
2025
GDP rank
106/197
2025
62/197
2025
GDP growth
7.46%
2024-2025
4.63%
2024-2025
GDP per capita
$9,692
2025
$2,363
2025
GDP per capita rank
89/197
2025
154/197
2025
GDP per capita, PPP
$28,285
2024
$6,644
2024
GDP per capita PPP rank
74/197
2024
149/197
2024
Government debt
$13.1B
2025
$94.3B
2025
Debt-to-GDP ratio
34.3%
2025
69.3%
2025
Government debt per person
$3,323
2025
$1,638
2025
Government debt per person rank
99/185
2025
126/185
2025
Average annual personal income after taxes
$7,158
2026
$2,538
2026
Market capitalization of domestic companies n/a
$22.8B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10%
26.2%
2024
30.9%
2022
Income share by poorest 10%
2.9%
2024
2.9%
2022
Government expenditure, % of GDP
28.4%
2025
24%
2025
Consumer prices inflation
3.87%
2024-2025
4.07%
2024-2025
Central bank interest rate
8.25%
2026
8.75%
2026
Unemployment rate
8.01%
2024
5.44%
2022
Population
3934050
59218766

Spending and national debt comparison by year

Georgia
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Georgia Kenya
Government spending Government debt Government spending Government debt
2025 28.4% 34.3% 24% 69.3%
2024 29.9% 35.7% 23.2% 67.3%
2023 29.7% 38.9% 22.6% 73.4%
2022 28.5% 39.2% 23.1% 67.8%
2021 31.2% 49.1% 24% 68.2%
2020 34.1% 59.6% 24.8% 68%
2019 28.7% 40% 24.4% 59.1%
2018 26.7% 38.2% 24.5% 56.4%
2017 27.2% 38.9% 25.2% 53.9%
2016 27.8% 39.5% 25.3% 50.4%
2015 27% 36% 23.8% 45.8%
2014 27.5% 30.3% 23.4% 41.3%
2013 26.6% 28.9% 23.2% 39.8%
2012 27.7% 28.1% 22.1% 37.6%
2011 27.1% 27.7% 20.1% 35.7%
2010 31% 31.4% 21.5% 36.7%
2009 34.8% 33.6% 20.3% 36%
2008 31.8% 26.3% 18.9% 34.3%
2007 27.7% 22.5% 18.1% 34.2%
2006 22.7% 28.3% 17.3% 37.1%
2005 21.6% 35.3% 16.2% 37.4%
2004 18.9% 44.3% 15.4% 40.8%
2003 16.1% 54.6% 16% 43.8%
2002 16% 50.3% 15.7% 42%
2001 16.8% 53% 14.9% 41.3%
2000 16.9% 58.5% 14.1% 43.1%
1999 19.7% 76.5% 13.7% 38.4%
1998 18.7% 80% 15.3% 38.5%
1997 21.4% 48.2% 15.6% 36%
1996 18.4% 38.9% 15.2% 40.5%
1995 15.7% 19.8% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1999, retrieved 2026-07-08).

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

In 2025, Georgia's government spending was $10.8B, accounting for 28.4% of its GDP, while Kenya spent $32.6B, or 24% of GDP.

Debt-to-GDP ratio is 34.3% in Georgia and 69.3% in Kenya, ranking 147/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Georgia

Kenya
1x
Year Deficit/surplus, % of GDP
Georgia Kenya
2025 -1.46% -6.41%
2024 -2.27% -5.74%
2023 -2.33% -5.61%
2022 -2.2% -6.01%
2021 -5.97% -7.2%
2020 -9.16% -8.13%
2019 -1.82% -7.4%
2018 -0.8% -6.91%
2017 -0.45% -7.37%
2016 -1.49% -7.45%
2015 -1.16% -6.68%
2014 -1.78% -5.75%
2013 -1.25% -5.25%
2012 -0.71% -5.29%
2011 -0.81% -3.64%
2010 -4.48% -3.67%
2009 -6.36% -3.12%
2008 -1.92% -1.95%
2007 0.81% -0.95%
2006 3.28% -0.43%
2005 2.14% -0.19%
2004 3.59% 0.5%
2003 -0.55% -0.73%
2002 -0.19% -1.29%
2001 -0.71% -0.53%
2000 -1.92% 0.38%
1999 -4.7% 0.84%
1998 -3.96% -0.03%
1997 -6.63% -0.91%
1996 -5.91% -0.49%
1995 -4.89% -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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, Georgia's government deficit, the difference between spending and revenue, was $555M, equivalent to 1.46% of GDP. This compares to Kenya's deficit of $8.72B, or 6.41% of GDP.

Over the past 31 years, Georgia recorded a fiscal deficit in 27 of those years, while Kenya ran a deficit in 28 years. On average, Georgia posted an annual deficit equal to 2.13% of GDP, compared to deficit of 3.47% of GDP for Kenya.

Inflation comparison by year

Inflation
Georgia

Kenya
1x
Year Consumer prices inflation
Georgia Kenya
2025 3.87% 4.07%
2024 1.11% 4.49%
2023 2.49% 7.67%
2022 11.9% 7.66%
2021 9.57% 6.11%
2020 5.2% 5.41%
2019 4.85% 5.24%
2018 2.62% 4.69%
2017 6.04% 8.01%
2016 2.13% 6.3%
2015 4% 6.58%
2014 3.07% 6.88%
2013 -0.51% 5.72%
2012 -0.94% 9.38%
2011 8.54% 14%
2010 7.11% 3.96%
2009 1.73% 9.23%
2008 10% 26.2%
2007 9.24% 9.76%
2006 9.16% 14.5%
2005 8.25% 10.3%
2004 5.66% 11.6%
2003 0.84% 9.82%
2002 5.59% 1.96%
2001 4.65% 5.74%
2000 4.06% 9.98%
1999 19.2% 5.74%
1998 3.57% 6.72%
1997 7.09% 11.4%

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

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

Over the past 29 years, Georgia has recorded an average annual inflation rate of 5.52%, compared with 8.25% in Kenya. In 2025, inflation was 3.87% in Georgia and 4.07% in Kenya.

Top exports between countries

Georgia
Export category Export value
Chemicals & pharma $885K
Raw materials & minerals $798K
Transport & tourism services $642K
Processed food, beverages & tobacco $543K
Textiles & consumer goods $120K
Machinery & equipment $24K
Metals $21K
Miscellaneous $12K
Wood & paper products $4K
Animal & marine products $1K
Kenya
Export category Export value
Raw agricultural goods $6.06M
Processed food, beverages & tobacco $141K
Machinery & equipment $29K
Chemicals & pharma $13K
Animal & marine products $5K
Precious metals & jewellery $1K
Textiles & consumer goods $1K

Balance of trade

Georgia Kenya
Current account balance
-$1.01B
2025
-$1.55B
2024
Current account balance ranking
116/190
2025
130/190
2024
Current account balance, % of GDP
-2.65%
2025
-1.29%
2024
Goods imports
$16.5B
2025
$22.2B
2024
Goods exports
$9.63B
2025
$12.5B
2024
Service imports
$3.85B
2025
$5.64B
2024
Service exports
$8.49B
2025
$8.04B
2024
Imports of goods and services, % of GDP
53.2%
2025
21.8%
2025
Exports of goods and services, % of GDP
47.4%
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.

Georgia Kenya
Economic freedom 69.6 55.5
Economic freedom ranking 41/197 128/197
Property rights 53 40.2
Government integrity 59.9 32.7
Judicial effectiveness 53.8 47
Tax burden 87.8 76.3
Government spending 73.9 84.1
Fiscal health 89.1 36.2
Business freedom 76.6 61.5
Labor freedom 64 56.5
Monetary freedom 70.2 75.1
Trade freedom 86.8 52
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Georgia
Kenya
1x
Year Economic freedom index
Georgia Kenya
2026 69.6 55.5
2025 69 54.8
2024 68.4 53.6
2023 68.7 52.5
2022 71.8 52.6
2021 77.2 54.9
2020 77.1 55.3
2019 75.9 55.1
2018 76.2 54.7
2017 76 53.5
2016 72.6 57.5
2015 73 55.6
2014 72.6 57.1
2013 72.2 55.9
2012 69.4 57.5
2011 70.4 57.4
2010 70.4 57.5
2009 69.8 58.7
2008 69.2 59.3
2007 69.3 59.6
2006 64.5 59.7
2005 57.1 57.9
2004 58.9 57.7
2003 58.6 58.6
2002 56.7 58.2
2001 58.3 57.6
2000 54.3 59.7
1999 52.5 58.2
1998 47.9 58.4
1997 46.5 60.1
1996 44.1 56.4
1995 - 54.5

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

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

The Economic Freedom Index for Georgia is 69.6, ranking 41/197, 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

Georgia Kenya
Services, % of GDP
63.9%
2025
55.1%
2025
Industry, % of GDP
18.6%
2025
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
5.18%
2025
23.2%
2025
GNI, Atlas method
$35.4B
2025
$127B
2025
GNI per capita, PPP
$27,570
2025
$6,910
2025
Total reserves including gold
$6.16B
2025
$12.4B
2025
Total reserves ranking
94/177
2025
76/177
2025
Net foreign direct investment
-$1.39B
2025
-$45.8M
2024
Net inflows of foreign direct investment
$1.6B
2024
$463M
2024
Net outflows of foreign direct investment
$462M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
15.2%
2024
4.82%
2024
Poverty at national poverty lines
9.4%
2024
39.8%
2022
Gross capital formation, % of GDP
21.3%
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/georgia/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 (1982–1999, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.