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Economy of Kenya vs Luxembourg compared: GDP & Debt

Updated on by Georank

Kenya has a GDP of $136B compared to $101B for Luxembourg, ranking 62/197 and 75/197 by economy size, respectively.

Kenya has $94.3B in government debt (69.3% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

Kenya vs Luxembourg GDP by year

Kenya
Luxembourg
1x
Year GDP, current $
Kenya Luxembourg
2025 $135,941,278,879 $101,157,829,491
2024 $120,397,537,850 $93,279,851,863
2023 $107,500,884,685 $88,788,881,539
2022 $114,448,978,153 $80,801,680,397
2021 $109,703,658,905 $86,386,759,695
2020 $100,657,505,751 $73,670,782,100
2019 $100,378,436,207 $69,872,035,114
2018 $92,202,979,985 $71,085,623,495
2017 $82,036,510,877 $65,712,180,343
2016 $74,815,144,164 $62,216,885,436
2015 $70,120,446,897 $60,071,584,216
2014 $68,285,796,514 $68,804,814,555
2013 $61,671,440,408 $65,203,276,467
2012 $56,396,704,672 $59,776,383,527
2011 $46,869,473,151 $61,696,281,326
2010 $45,405,615,064 $56,213,985,987
2009 $42,347,217,913 $54,467,289,898
2008 $35,895,153,328 $58,844,277,702
2007 $31,958,195,182 $51,587,401,416
2006 $25,825,512,284 $42,910,153,830
2005 $18,737,895,513 $37,672,311,223
2004 $16,095,337,094 $35,064,843,793
2003 $14,904,517,650 $29,667,268,248
2002 $13,147,736,899 $23,649,832,387
2001 $12,986,007,426 $21,387,550,720
2000 $12,705,350,098 $21,230,200,538
1999 $12,896,010,459 $21,899,317,599
1998 $14,093,998,844 $20,150,055,568
1997 $13,115,764,358 $19,563,836,265
1996 $12,045,865,396 $20,895,314,658
1995 $9,046,320,255 $20,853,093,870
1994 $7,148,148,564 $17,701,798,891
1993 $5,751,786,643 $15,925,521,222
1992 $8,209,120,763 $15,518,702,635
1991 $8,151,488,783 $13,834,219,728
1990 $8,572,359,038 $12,778,792,854
1989 $8,283,114,514 $10,037,674,038
1988 $8,355,380,879 $9,418,167,855
1987 $7,970,820,369 $8,320,902,215
1986 $7,239,126,568 $6,685,595,088
1985 $6,135,034,214 $4,577,211,767
1984 $6,191,437,070 $4,438,435,493
1983 $5,979,198,314 $4,524,217,751
1982 $6,431,579,357 $4,602,316,793
1981 $6,854,491,706 $5,053,665,797
1980 $7,265,315,820 $6,019,805,490
1979 $6,234,391,113 $5,516,982,664
1978 $5,303,735,111 $4,718,539,772
1977 $4,494,378,764 $3,789,321,328
1976 $3,474,542,392 $3,423,586,207
1975 $3,259,345,083 $3,123,333,333
1974 $2,969,958,812 $3,183,637,117
1973 $2,509,001,324 $2,609,875,802
1972 $2,107,279,157 $1,901,697,370
1971 $1,778,391,289 $1,518,773,421
1970 $1,603,447,359 $1,457,768,455
1969 $1,458,379,417 $1,245,432,991
1968 $1,353,295,459 $1,075,561,623
1967 $1,232,559,507 $983,052,315
1966 $1,164,519,674 $976,717,015
1965 $997,919,321 $929,477,285
1964 $998,759,334 $910,877,686
1963 $926,589,349 $797,902,154
1962 $868,111,401 $747,846,862
1961 $792,959,473 $710,163,719
1960 $791,265,459 $709,941,874

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

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

GDP per capita in Kenya vs Luxembourg by year

Kenya
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,363 - $147,252 -
2024 $2,133 $6,644 $137,782 $155,941
2023 $1,943 $6,317 $133,231 $150,508
2022 $2,110 $5,883 $123,720 $146,919
2021 $2,061 $5,339 $134,966 $136,772
2020 $1,928 $4,793 $116,860 $122,067
2019 $1,960 $4,687 $112,697 $121,372
2018 $1,836 $4,412 $116,927 $116,638
2017 $1,667 $4,177 $110,193 $114,986
2016 $1,554 $3,917 $106,899 $113,365
2015 $1,489 $3,678 $105,462 $107,860
2014 $1,483 $3,359 $123,679 $105,296
2013 $1,371 $3,106 $120,000 $100,925
2012 $1,285 $2,847 $112,585 $96,636
2011 $1,096 $2,750 $119,025 $94,475
2010 $1,092 $2,635 $110,886 $90,336
2009 $1,048 $2,480 $109,420 $86,919
2008 $916 $2,459 $120,422 $90,971
2007 $840 $2,481 $107,475 $85,126
2006 $700 $2,330 $90,789 $78,861
2005 $523 $2,189 $80,988 $68,788
2004 $464 $2,066 $76,545 $64,686
2003 $443 $1,975 $65,689 $60,192
2002 $403 $1,940 $53,006 $58,576
2001 $411 $1,961 $48,440 $56,136
2000 $415 $1,907 $48,660 $55,136
1999 $434 $1,910 $50,872 $49,845
1998 $488 $1,895 $47,445 $44,270
1997 $467 $1,865 $46,642 $42,488
1996 $441 $1,875 $50,444 $39,722
1995 $340 $1,818 $51,032 $38,345
1994 $276.4 $1,754 $43,933 $37,551
1993 $229 $1,723 $40,067 $35,899
1992 $337 $1,728 $39,571 $34,108
1991 $345 $1,756 $35,747 $33,191
1990 $374 $1,729 $33,465 $29,949
1989 $374 - $26,618 -
1988 $391 - $25,219 -
1987 $387 - $22,443 -
1986 $364 - $18,150 -
1985 $320 - $12,482 -
1984 $334 - $12,127 -
1983 $335 - $12,374 -
1982 $374 - $12,591 -
1981 $413 - $13,837 -
1980 $454 - $16,531 -
1979 $403 - $15,204 -
1978 $355 - $13,034 -
1977 $311 - $10,486 -
1976 $248.9 - $9,491 -
1975 $241.2 - $8,701 -
1974 $227.2 - $8,967 -
1973 $198.6 - $7,447 -
1972 $172.6 - $5,487 -
1971 $150.9 - $4,435 -
1970 $141 - $4,298 -
1969 $133.3 - $3,690 -
1968 $128.7 - $3,203 -
1967 $121.9 - $2,935 -
1966 $119.8 - $2,925 -
1965 $106.9 - $2,804 -
1964 $111.3 - $2,779 -
1963 $107.4 - $2,462 -
1962 $104.6 - $2,332 -
1961 $99.3 - $2,241 -
1960 $102.8 - $2,261 -

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

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

Kenya's GDP per capita is $2,363, ranking 154/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Luxembourg ranks 1st at $155,941.

Economic indicators

Kenya Luxembourg
Gross domestic product
$136B
2025
$101B
2025
GDP rank
62/197
2025
75/197
2025
GDP growth
4.63%
2024-2025
0.64%
2024-2025
GDP per capita
$2,363
2025
$147,252
2025
GDP per capita rank
154/197
2025
3/197
2025
GDP per capita, PPP
$6,644
2024
$155,941
2024
GDP per capita PPP rank
149/197
2024
1/197
2024
Government debt
$94.3B
2025
$27.3B
2025
Debt-to-GDP ratio
69.3%
2025
27%
2025
Government debt per person
$1,638
2025
$39,717
2025
Government debt per person rank
126/185
2025
18/185
2025
Average annual personal income after taxes
$2,538
2026
$71,808
2026
Market capitalization of domestic companies
$22.8B
2025
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10%
30.9%
2022
25%
2023
Income share by poorest 10%
2.9%
2022
2.8%
2023
Government expenditure, % of GDP
24%
2025
48.3%
2025
Consumer prices inflation
4.07%
2024-2025
2.26%
2024-2025
Central bank interest rate
8.75%
2026
n/a
Unemployment rate
5.44%
2022
6.5%
2025
Population
59218766
697802

Spending and national debt comparison by year

Kenya
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Kenya Luxembourg
Government spending Government debt Government spending Government debt
2025 24% 69.3% 48.3% 27%
2024 23.2% 67.3% 46.8% 26.3%
2023 22.6% 73.4% 46.4% 24.7%
2022 23.1% 67.8% 44.3% 24.9%
2021 24% 68.2% 42.4% 24.2%
2020 24.8% 68% 47% 24.5%
2019 24.4% 59.1% 43.1% 22.3%
2018 24.5% 56.4% 42.3% 20.9%
2017 25.2% 53.9% 41.3% 21.8%
2016 25.3% 50.4% 40% 19.6%
2015 23.8% 45.8% 40.4% 21.1%
2014 23.4% 41.3% 40.6% 21.9%
2013 23.2% 39.8% 41.2% 22.4%
2012 22.1% 37.6% 41.8% 20.8%
2011 20.1% 35.7% 41.5% 18.5%
2010 21.5% 36.7% 42% 19.1%
2009 20.3% 36% 42.7% 15.3%
2008 18.9% 34.3% 37.9% 14.6%
2007 18.1% 34.2% 37.4% 8.09%
2006 17.3% 37.1% 39.4% 8.21%
2005 16.2% 37.4% 43.4% 7.95%
2004 15.4% 40.8% 43.7% 7.83%
2003 16% 43.8% 43.3% 7.43%
2002 15.7% 42% 41.8% 7.45%
2001 14.9% 41.3% 38.1% 7.62%
2000 14.1% 43.1% 38% 7.49%
1999 13.7% 38.4% 41.7% 8.39%
1998 15.3% 38.5% 43.9% 9.51%
1997 15.6% 36% 44.2% 10.1%
1996 15.2% 40.5% 42.5% 10.2%
1995 17.3% 52.1% 42% 10.3%
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 (1982–1997, retrieved 2026-07-08).

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

In 2025, Kenya's government spending was $32.6B, accounting for 24% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 69.3% in Kenya and 27% in Luxembourg, ranking 59/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Kenya

Luxembourg
1x
Year Deficit/surplus, % of GDP
Kenya Luxembourg
2025 -6.41% -0.96%
2024 -5.74% 0.89%
2023 -5.61% -0.65%
2022 -6.01% 0.21%
2021 -7.2% 1.11%
2020 -8.13% -3.09%
2019 -7.4% 2.68%
2018 -6.91% 3.17%
2017 -7.37% 1.37%
2016 -7.45% 1.89%
2015 -6.68% 1.3%
2014 -5.75% 1.33%
2013 -5.25% 0.84%
2012 -5.29% 0.5%
2011 -3.64% 0.65%
2010 -3.67% -0.26%
2009 -3.12% -0.21%
2008 -1.95% 3.37%
2007 -0.95% 4.35%
2006 -0.43% 1.9%
2005 -0.19% -0.21%
2004 0.5% -1.39%
2003 -0.73% 0.28%
2002 -1.29% 2.03%
2001 -0.53% 5.62%
2000 0.38% 5.55%
1999 0.84% 3.24%
1998 -0.03% 2.98%
1997 -0.91% 2.65%
1996 -0.49% 2.37%
1995 -0.23% 2.71%
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/kenya/luxembourg | CC BY

In 2025, Kenya's government deficit, the difference between spending and revenue, was $8.72B, equivalent to 6.41% of GDP. This compares to Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, Kenya recorded a fiscal deficit in 28 of those years, while Luxembourg ran a deficit in 7 years. On average, Kenya posted an annual deficit equal to 3.47% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Kenya

Luxembourg
1x
Year Consumer prices inflation
Kenya Luxembourg
2025 4.07% 2.26%
2024 4.49% 2.05%
2023 7.67% 3.74%
2022 7.66% 6.34%
2021 6.11% 2.53%
2020 5.41% 0.82%
2019 5.24% 1.74%
2018 4.69% 1.53%
2017 8.01% 1.73%
2016 6.3% 0.29%
2015 6.58% 0.47%
2014 6.88% 0.63%
2013 5.72% 1.73%
2012 9.38% 2.66%
2011 14% 3.41%
2010 3.96% 2.27%
2009 9.23% 0.37%
2008 26.2% 3.4%
2007 9.76% 2.31%
2006 14.5% 2.67%
2005 10.3% 2.49%
2004 11.6% 2.23%
2003 9.82% 2.05%
2002 1.96% 2.07%
2001 5.74% 2.66%
2000 9.98% 3.15%
1999 5.74% 1.03%
1998 6.72% 0.96%
1997 11.4% 1.37%

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

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

Over the past 29 years, Kenya has recorded an average annual inflation rate of 8.25%, compared with 2.1% in Luxembourg. In 2025, inflation was 4.07% in Kenya and 2.26% in Luxembourg.

Top exports between countries

Kenya
Export category Export value
Processed food, beverages & tobacco $308K
Raw agricultural goods $237K
Textiles & consumer goods $27K
Machinery & equipment $8K
Precious metals & jewellery $4K
Animal & marine products $3K
Metals $1K
Luxembourg
Export category Export value
Machinery & equipment $5.85M
Chemicals & pharma $45K
Textiles & consumer goods $43K
Raw materials & minerals $36K
Metals $21K
Wood & paper products $4K
Processed food, beverages & tobacco $2K
Miscellaneous $1K
Precious metals & jewellery $1K
Raw agricultural goods $1K

Balance of trade

Kenya Luxembourg
Current account balance
-$1.55B
2024
$5.29B
2025
Current account balance ranking
130/190
2024
31/190
2025
Current account balance, % of GDP
-1.29%
2024
+5.23%
2025
Goods imports
$22.2B
2024
$30.9B
2025
Goods exports
$12.5B
2024
$33B
2025
Service imports
$5.64B
2024
$133B
2025
Service exports
$8.04B
2024
$167B
2025
Imports of goods and services, % of GDP
21.8%
2025
159.4%
2025
Exports of goods and services, % of GDP
15.8%
2025
190.5%
2025

Economic freedom indices

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

Kenya Luxembourg
Economic freedom 55.5 79.7
Economic freedom ranking 128/197 7/197
Property rights 40.2 96.6
Government integrity 32.7 88.7
Judicial effectiveness 47 99.1
Tax burden 76.3 62.3
Government spending 84.1 36.9
Fiscal health 36.2 98.6
Business freedom 61.5 89.5
Labor freedom 56.5 56.7
Monetary freedom 75.1 74.1
Trade freedom 52 79.4
Investment freedom 55 95
Financial freedom 50 80

Economic freedom comparison by year

Kenya
Luxembourg
1x
Year Economic freedom index
Kenya Luxembourg
2026 55.5 79.7
2025 54.8 79.5
2024 53.6 79.2
2023 52.5 78.4
2022 52.6 80.6
2021 54.9 76
2020 55.3 75.8
2019 55.1 75.9
2018 54.7 76.4
2017 53.5 75.9
2016 57.5 73.9
2015 55.6 73.2
2014 57.1 74.2
2013 55.9 74.2
2012 57.5 74.5
2011 57.4 76.2
2010 57.5 75.4
2009 58.7 75.2
2008 59.3 74.7
2007 59.6 74.6
2006 59.7 75.3
2005 57.9 76.3
2004 57.7 78.9
2003 58.6 79.9
2002 58.2 79.4
2001 57.6 80.1
2000 59.7 76.4
1999 58.2 72.4
1998 58.4 72.7
1997 60.1 72.8
1996 56.4 72.5
1995 54.5 -

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

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

The Economic Freedom Index for Kenya is 55.5, ranking 128/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kenya Luxembourg
Services, % of GDP
55.1%
2025
81.4%
2025
Industry, % of GDP
16.3%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
23.2%
2025
0.23%
2025
GNI, Atlas method
$127B
2025
$65.8B
2025
GNI per capita, PPP
$6,910
2025
$106,640
2025
Total reserves including gold
$12.4B
2025
$3.06B
2025
Total reserves ranking
76/177
2025
120/177
2025
Net foreign direct investment
-$45.8M
2024
$196B
2025
Net inflows of foreign direct investment
$463M
2024
$106B
2024
Net outflows of foreign direct investment
$418M
2024
$109B
2024
Servicing debt to the IMF, % of GNI
4.82%
2024
n/a
Poverty at national poverty lines
39.8%
2022
17.3%
2021
Gross capital formation, % of GDP
17%
2025
15.5%
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/kenya/luxembourg | CC BY

Compare countries by 7 more topics

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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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.