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Economy of Israel vs Kenya compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $120B for Kenya, ranking 29/197 and 64/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Israel vs Kenya GDP by year

Israel
Kenya
1x
Year GDP, current $
Israel Kenya
2024 $540,379,921,262 $120,339,557,906
2023 $512,184,638,999 $107,500,884,685
2022 $525,181,008,026 $114,448,978,153
2021 $489,851,549,972 $109,703,658,905
2020 $410,768,352,658 $100,657,505,751
2019 $400,645,216,359 $100,378,436,207
2018 $376,299,083,108 $92,202,979,985
2017 $358,451,839,053 $82,036,510,877
2016 $321,940,971,558 $74,815,144,164
2015 $303,469,434,072 $70,120,446,897
2014 $315,017,088,117 $68,285,796,514
2013 $298,478,070,673 $61,671,440,408
2012 $263,589,172,712 $56,396,704,672
2011 $268,094,998,225 $46,869,473,151
2010 $239,679,036,634 $45,405,615,064
2009 $213,403,181,853 $42,347,217,913
2008 $221,231,658,863 $35,895,153,328
2007 $184,681,214,673 $31,958,195,182
2006 $158,900,547,825 $25,825,512,284
2005 $147,519,922,009 $18,737,895,513
2004 $140,047,984,605 $16,095,337,094
2003 $131,408,914,824 $14,904,517,650
2002 $125,332,331,884 $13,147,736,899
2001 $135,002,039,613 $12,986,007,426
2000 $136,512,300,542 $12,705,350,098
1999 $121,417,185,062 $12,896,010,459
1998 $120,547,409,279 $14,093,998,844
1997 $119,459,826,347 $13,115,764,358
1996 $115,116,595,545 $12,045,865,396
1995 $105,497,418,059 $9,046,320,255
1994 $90,740,103,829 $7,148,148,564
1993 $79,855,877,174 $5,751,786,643
1992 $79,457,685,757 $8,209,120,763
1991 $70,998,755,007 $8,151,488,783
1990 $62,016,729,541 $8,572,359,038
1989 $52,443,479,454 $8,283,114,514
1988 $52,650,948,910 $8,355,380,879
1987 $43,049,543,635 $7,970,820,369
1986 $35,834,154,874 $7,239,126,568
1985 $28,905,736,367 $6,135,034,214
1984 $30,645,607,293 $6,191,437,070
1983 $32,675,755,462 $5,979,198,314
1982 $29,255,285,401 $6,431,579,357
1981 $26,882,009,819 $6,854,491,706
1980 $25,395,256,478 $7,265,315,820
1979 $22,609,741,060 $6,234,391,113
1978 $17,701,286,907 $5,303,735,111
1977 $18,257,113,904 $4,494,378,764
1976 $15,956,349,550 $3,474,542,392
1975 $16,141,767,373 $3,259,345,083
1974 $17,172,607,138 $2,969,958,812
1973 $11,902,574,259 $2,509,001,324
1972 $9,222,557,539 $2,107,279,157
1971 $7,052,544,000 $1,778,391,289
1970 $7,406,712,876 $1,603,447,359
1969 $6,297,852,761 $1,458,379,417
1968 $5,458,427,928 $1,353,295,459
1967 $4,762,386,783 $1,232,559,507
1966 $4,703,300,098 $1,164,519,674
1965 $4,329,084,429 $997,919,321
1964 $4,024,344,853 $998,759,334
1963 $3,535,949,089 $926,589,349
1962 $2,966,154,031 $868,111,401
1961 $3,708,586,471 $792,959,473
1960 $3,070,585,807 $791,265,459

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

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

GDP per capita in Israel vs Kenya by year

Israel
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $2,132 $6,644
2023 $52,004 $55,171 $1,943 $6,317
2022 $54,950 $53,619 $2,110 $5,883
2021 $52,271 $46,162 $2,061 $5,339
2020 $44,576 $40,955 $1,928 $4,793
2019 $44,251 $41,325 $1,960 $4,687
2018 $42,363 $40,190 $1,836 $4,412
2017 $41,138 $39,471 $1,667 $4,177
2016 $37,672 $38,189 $1,554 $3,917
2015 $36,213 $35,871 $1,489 $3,678
2014 $38,343 $34,816 $1,483 $3,359
2013 $37,034 $34,827 $1,371 $3,106
2012 $33,321 $32,484 $1,285 $2,847
2011 $34,523 $31,314 $1,096 $2,750
2010 $31,439 $29,456 $1,092 $2,635
2009 $28,508 $28,087 $1,048 $2,480
2008 $30,269 $28,084 $916 $2,459
2007 $25,721 $28,307 $840 $2,481
2006 $22,527 $26,385 $700 $2,330
2005 $21,287 $25,701 $523 $2,189
2004 $20,568 $26,078 $464 $2,066
2003 $19,643 $24,702 $443 $1,975
2002 $19,076 $26,101 $403 $1,940
2001 $20,966 $25,806 $411 $1,961
2000 $21,707 $25,766 $415 $1,907
1999 $19,823 $23,415 $434 $1,910
1998 $20,189 $22,927 $488 $1,895
1997 $20,469 $22,279 $467 $1,865
1996 $20,224 $21,672 $441 $1,875
1995 $19,026 $20,642 $340 $1,818
1994 $16,807 $19,478 $276.4 $1,754
1993 $15,179 $18,218 $229 $1,723
1992 $15,510 $17,553 $337 $1,728
1991 $14,346 $16,486 $345 $1,756
1990 $13,308 $15,721 $374 $1,729
1989 $11,608 - $374 -
1988 $11,853 - $391 -
1987 $9,853 - $387 -
1986 $8,335 - $364 -
1985 $6,829 - $320 -
1984 $7,369 - $334 -
1983 $7,960 - $335 -
1982 $7,258 - $374 -
1981 $6,795 - $413 -
1980 $6,549 - $454 -
1979 $5,972 - $403 -
1978 $4,797 - $355 -
1977 $5,053 - $311 -
1976 $4,516 - $248.9 -
1975 $4,672 - $241.2 -
1974 $5,085 - $227.2 -
1973 $3,631 - $198.6 -
1972 $2,930 - $172.6 -
1971 $2,298 - $150.9 -
1970 $2,490 - $141 -
1969 $2,189 - $133.3 -
1968 $1,947 - $128.7 -
1967 $1,735 - $121.9 -
1966 $1,789 - $119.8 -
1965 $1,689 - $106.9 -
1964 $1,626 - $111.3 -
1963 $1,486 - $107.4 -
1962 $1,294 - $104.6 -
1961 $1,697 - $99.3 -
1960 $1,452 - $102.8 -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Kenya ranks 149th at $6,644.

Economic indicators

Israel Kenya
Gross domestic product
$540B
2024
$120B
2024
GDP rank
29/197
2024
64/197
2024
GDP growth
0.87%
2023-2024
4.72%
2023-2024
GDP per capita
$54,177
2024
$2,132
2024
GDP per capita rank
21/197
2024
154/197
2024
GDP per capita, PPP
$57,236
2024
$6,644
2024
GDP per capita PPP rank
36/197
2024
149/197
2024
Government debt
$366B
2024
$81B
2024
Debt-to-GDP ratio
67.6%
2024
67.3%
2024
Government debt per person
$36,645
2024
$1,436
2024
Government debt per person rank
18/185
2024
133/185
2024
Average annual personal income after taxes
$43,003
2026
$3,229
2026
Market capitalization of domestic companies
$331B
2024
$15B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
30.1%
2022
Income share by poorest 10%
2%
2021
2.9%
2022
Government expenditure, % of GDP
43.8%
2024
23.3%
2024
Consumer prices inflation
3.07%
2023-2024
4.49%
2023-2024
Central bank interest rate
4.5%
2024
9.25%
2025
Unemployment rate
2.9%
2024
5.44%
2022
Population
10290887
58955623

Spending and national debt comparison by year

Israel
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Israel Kenya
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 23.3% 67.3%
2023 39.3% 61.3% 22.7% 73.4%
2022 36.9% 60.3% 23.2% 67.8%
2021 40% 67.7% 24% 68.2%
2020 44.8% 71.1% 24.8% 68%
2019 38.7% 59.3% 24.4% 59.1%
2018 39.2% 60.1% 24.5% 56.4%
2017 38.3% 59.8% 25.2% 53.9%
2016 37.9% 61.7% 25.4% 50.4%
2015 37.6% 62.8% 23.8% 45.8%
2014 38.3% 64.9% 23.4% 41.3%
2013 39.7% 66% 23.2% 39.8%
2012 39.6% 66.9% 22.1% 37.6%
2011 39.3% 67.2% 20.1% 35.7%
2010 39.7% 69% 21.5% 36.7%
2009 41.4% 72.6% 20.3% 36%
2008 41.2% 70.2% 18.9% 34.3%
2007 40.2% 70.8% 18.1% 34.2%
2006 41.6% 77.7% 17.3% 37.1%
2005 42.3% 85.2% 16.2% 37.4%
2004 43% 88.3% 15.4% 40.8%
2003 45.4% 89.7% 16% 43.8%
2002 50% 87.2% 15.7% 42%
2001 46.1% 81.1% 14.9% 41.3%
2000 43.4% 77.2% 14.1% 43.1%
1999 53.6% 94.8% 13.7% 38.4%
1998 55% 101% 15.3% 38.5%
1997 52.6% 99.3% 15.6% 36%
1996 53.2% 100.3% 15.2% 40.5%
1995 52.8% 102.3% 17.3% 52.1%
1994 41.7% 110.2% 18.8% 57%
1993 42.2% 118.3% 18.9% 61.6%
1992 44.1% 119.6% 17.6% 41.2%
1991 34.4% 123.7% 16.4% 43%
1990 46.8% 138.3% 17.2% 37.6%
1989 47.5% 147.4% 16.3% 33.4%
1988 46.5% 145.4% 15.9% 33.9%
1987 52.8% 143.2% 15.5% 36.3%
1986 55.7% 162.5% 15.3% 31.3%
1985 65.2% 199% 15.6% 28.8%
1984 - 284% 14.9% 25.6%
1983 - 260.5% 14.6% 26.1%
1982 69.7% - 16.2% 26.9%
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% - -
1978 62.2% 133.6% - -
1977 69.1% 142% - -
1976 66.3% 97.4% - -
1975 62% 85.1% - -
1974 - 79.8% - -
1973 - 62.1% - -
1972 - 63.9% - -
1971 - - - -
1970 41.6% - - -
1969 41.1% - - -
1968 39.4% - - -
1967 33.9% - - -
1966 29.6% - - -
1965 27.8% - - -
1964 28.2% - - -
1963 26.9% - - -
1962 27.7% - - -
1961 30.3% - - -
1960 30.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 67.3% in Kenya, ranking 62/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Kenya
1x
Year Deficit/surplus, % of GDP
Israel Kenya
2024 -8.26% -5.77%
2023 -5.06% -5.71%
2022 0.32% -6.06%
2021 -3.37% -7.2%
2020 -10.7% -8.13%
2019 -3.79% -7.42%
2018 -3.56% -6.94%
2017 -1.13% -7.4%
2016 -1.79% -7.47%
2015 -1.21% -6.68%
2014 -2.29% -5.75%
2013 -4.06% -5.25%
2012 -4.46% -5.29%
2011 -3.43% -3.64%
2010 -3.72% -3.67%
2009 -6.53% -3.12%
2008 -3.5% -1.95%
2007 -0.43% -0.95%
2006 -0.95% -0.43%
2005 -2.74% -0.19%
2004 -3.4% 0.5%
2003 -5.03% -0.73%
2002 -8.22% -1.29%
2001 -4.06% -0.53%
2000 -0.8% 0.38%
1999 -6.26% 0.84%
1998 -7.99% -0.03%
1997 -4.84% -0.91%
1996 -5.97% -0.49%
1995 -4.28% -0.23%
1994 -5.62% -4.14%
1993 -5.62% -8.57%
1992 -8% -8.28%
1991 -7.04% -6.56%
1990 -9.67% -3.28%
1989 -9.03% -2.39%
1988 -7.57% -1.97%
1987 -7.47% -2.27%
1986 -7.51% -2.98%
1985 -14.2% -3.05%
1984 - -2.55%
1983 - -2.17%
1982 -13.8% -3.07%
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 43 years, Israel recorded a fiscal deficit in 40 of those years, while Kenya ran a deficit in 40 years. On average, Israel posted an annual deficit equal to 5.29% of GDP, compared to deficit of 3.55% of GDP for Kenya.

Inflation comparison by year

Inflation
Israel

Kenya
1x
Year Consumer prices inflation
Israel Kenya
2024 3.07% 4.49%
2023 4.23% 7.67%
2022 4.41% 7.66%
2021 1.48% 6.11%
2020 -0.58% 5.41%
2019 0.82% 5.24%
2018 0.81% 4.69%
2017 0.25% 8.01%
2016 -0.54% 6.3%
2015 -0.62% 6.58%
2014 0.47% 6.88%
2013 1.59% 5.72%
2012 1.68% 9.38%
2011 3.49% 14%
2010 2.7% 3.96%
2009 3.37% 9.23%
2008 4.53% 26.2%
2007 0.47% 9.76%
2006 2.05% 14.5%
2005 1.34% 10.3%
2004 -0.42% 11.6%
2003 0.71% 9.82%
2002 5.8% 1.96%
2001 1.12% 5.74%
2000 1.03% 9.98%
1999 5.19% 5.74%
1998 5.49% 6.72%
1997 8.95% 11.4%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 8.39% in Kenya. In 2024, inflation was 3.07% in Israel and 4.49% in Kenya.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $18.3M
Chemicals & pharma $17.1M
Raw materials & minerals $5.18M
Raw agricultural goods $3.85M
Processed food, beverages & tobacco $2.77M
Textiles & consumer goods $1.53M
Metals $391K
Wood & paper products $79K
Miscellaneous $19K
Precious metals & jewellery $5K
Kenya
Export category Export value
Animal & marine products $1.73M
Raw agricultural goods $1.6M
Processed food, beverages & tobacco $1.13M
Wood & paper products $420K
Textiles & consumer goods $363K
Chemicals & pharma $338K
Machinery & equipment $12K
Metals $1K

Balance of trade

Israel Kenya
Current account balance
$15.5B
2024
-$1.55B
2024
Current account balance ranking
21/190
2024
134/190
2024
Current account balance, % of GDP
+2.86%
2024
-1.29%
2024
Goods imports
$96.3B
2024
$22.2B
2024
Goods exports
$70B
2024
$12.5B
2024
Service imports
$44.4B
2024
$5.64B
2024
Service exports
$83.7B
2024
$8.04B
2024
Imports of goods and services, % of GDP
26%
2024
23.1%
2024
Exports of goods and services, % of GDP
28.4%
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.

Israel Kenya
Economic freedom 68.4 55.5
Economic freedom ranking 47/197 128/197
Property rights 73.1 40.2
Government integrity 66.2 32.7
Judicial effectiveness 68.1 47
Tax burden 60.2 76.3
Government spending 52 84.1
Fiscal health 60.8 36.2
Business freedom 72.4 61.5
Labor freedom 56.8 56.5
Monetary freedom 78.2 75.1
Trade freedom 82.8 52
Investment freedom 70 55
Financial freedom 80 50

Economic freedom comparison by year

Israel
Kenya
1x
Year Economic freedom index
Israel Kenya
2026 68.4 55.5
2025 69.9 54.8
2024 70.1 53.6
2023 68.9 52.5
2022 68 52.6
2021 73.8 54.9
2020 74 55.3
2019 72.8 55.1
2018 72.2 54.7
2017 69.7 53.5
2016 70.7 57.5
2015 70.5 55.6
2014 68.4 57.1
2013 66.9 55.9
2012 67.8 57.5
2011 68.5 57.4
2010 67.7 57.5
2009 67.6 58.7
2008 66.3 59.3
2007 64.8 59.6
2006 64.4 59.7
2005 62.6 57.9
2004 61.4 57.7
2003 62.7 58.6
2002 66.9 58.2
2001 66.1 57.6
2000 65.5 59.7
1999 68.3 58.2
1998 68 58.4
1997 62.7 60.1
1996 62 56.4
1995 61.5 54.5

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, 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

Israel Kenya
Services, % of GDP
72.5%
2024
55.3%
2024
Industry, % of GDP
17.3%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
22.5%
2024
GNI, Atlas method
$528B
2024
$118B
2024
GNI per capita, PPP
$56,790
2024
$6,540
2024
Total reserves including gold
$215B
2024
$10.1B
2024
Total reserves ranking
18/177
2024
75/177
2024
Net foreign direct investment
-$4.86B
2024
-$45.8M
2024
Net inflows of foreign direct investment
$14.8B
2024
$463M
2024
Net outflows of foreign direct investment
$9.92B
2024
$418M
2024
Servicing debt to the IMF, % of GNI n/a
4.79%
2024
Poverty at national poverty lines
22%
2020
39.8%
2022
Gross capital formation, % of GDP
23.4%
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/israel/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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.