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Economy of Kenya vs Monaco compared: GDP & Debt

Updated on by Georank

Kenya has a GDP of $136B compared to $11.1B for Monaco, ranking 62/197 and 154/197 by economy size, respectively.

Kenya vs Monaco GDP by year

Kenya
Monaco
1x
Year GDP, current $
Kenya Monaco
2025 $135,941,278,879 -
2024 $120,397,537,850 $11,125,788,838
2023 $107,500,884,685 $10,003,897,341
2022 $114,448,978,153 $8,800,432,774
2021 $109,703,658,905 $8,623,241,327
2020 $100,657,505,751 $6,730,733,231
2019 $100,378,436,207 $7,383,494,129
2018 $92,202,979,985 $7,184,336,760
2017 $82,036,510,877 $6,430,258,225
2016 $74,815,144,164 $6,471,287,669
2015 $70,120,446,897 $6,264,753,586
2014 $68,285,796,514 $7,070,015,474
2013 $61,671,440,408 $6,555,590,642
2012 $56,396,704,672 $5,742,748,406
2011 $46,869,473,151 $6,088,690,667
2010 $45,405,615,064 $5,367,561,640
2009 $42,347,217,913 $5,474,381,528
2008 $35,895,153,328 $6,502,945,305
2007 $31,958,195,182 $5,875,787,545
2006 $25,825,512,284 $4,586,828,062
2005 $18,737,895,513 $4,204,651,894
2004 $16,095,337,094 $4,043,553,261
2003 $14,904,517,650 $3,597,090,047
2002 $13,147,736,899 $2,919,647,992
2001 $12,986,007,426 $2,673,722,829
2000 $12,705,350,098 $2,654,462,466
1999 $12,896,010,459 $2,907,118,417
1998 $14,093,998,844 $2,934,593,468
1997 $13,115,764,358 $2,840,195,190
1996 $12,045,865,396 $3,137,886,995
1995 $9,046,320,255 $3,130,309,995
1994 $7,148,148,564 $2,720,332,135
1993 $5,751,786,643 $2,574,494,356
1992 $8,209,120,763 $2,737,049,231
1991 $8,151,488,783 $2,480,540,845
1990 $8,572,359,038 $2,481,307,077
1989 $8,283,114,514 $2,010,083,833
1988 $8,355,380,879 $2,000,704,745
1987 $7,970,820,369 $1,839,081,463
1986 $7,239,126,568 $1,515,234,743
1985 $6,135,034,214 $1,082,867,507
1984 $6,191,437,070 $1,037,329,604
1983 $5,979,198,314 $1,092,560,365
1982 $6,431,579,357 $1,143,216,457
1981 $6,854,491,706 $1,205,188,648
1980 $7,265,315,820 $1,378,175,524
1979 $6,234,391,113 $1,209,870,147
1978 $5,303,735,111 $1,000,555,218
1977 $4,494,378,764 $811,191,392
1976 $3,474,542,392 $735,324,245
1975 $3,259,345,083 $711,978,962
1974 $2,969,958,812 $563,949,254
1973 $2,509,001,324 $523,554,039
1972 $2,107,279,157 $402,451,901
1971 $1,778,391,289 $327,706,210
1970 $1,603,447,359 $293,127,333
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/kenya/monaco | CC BY

GDP per capita in Kenya vs Monaco by year

Kenya
GDP per capita

GDP per capita, PPP
Monaco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Monaco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,363 - - -
2024 $2,133 $6,644 $288,002 -
2023 $1,943 $6,317 $256,800 -
2022 $2,110 $5,883 $226,052 -
2021 $2,061 $5,339 $223,823 -
2020 $1,928 $4,793 $176,892 -
2019 $1,960 $4,687 $193,747 -
2018 $1,836 $4,412 $188,298 -
2017 $1,667 $4,177 $170,663 -
2016 $1,554 $3,917 $173,605 -
2015 $1,489 $3,678 $170,437 $115,700
2014 $1,483 $3,359 $195,694 -
2013 $1,371 $3,106 $184,941 $78,700
2012 $1,285 $2,847 $165,445 -
2011 $1,096 $2,750 $179,364 $85,500
2010 $1,092 $2,635 $161,854 -
2009 $1,048 $2,480 $169,150 $63,400
2008 $916 $2,459 $204,264 -
2007 $840 $2,481 $184,558 -
2006 $700 $2,330 $143,084 $30,000
2005 $523 $2,189 $130,539 -
2004 $464 $2,066 $125,160 -
2003 $443 $1,975 $111,110 -
2002 $403 $1,940 $90,051 -
2001 $411 $1,961 $82,403 -
2000 $415 $1,907 $81,789 $27,000
1999 $434 $1,910 $89,698 $27,000
1998 $488 $1,895 $90,947 -
1997 $467 $1,865 $88,582 -
1996 $441 $1,875 $98,561 -
1995 $340 $1,818 $99,032 -
1994 $276.4 $1,754 $86,704 -
1993 $229 $1,723 $82,685 -
1992 $337 $1,728 $88,615 -
1991 $345 $1,756 $80,997 -
1990 $374 $1,729 $81,735 -
1989 $374 - $66,816 -
1988 $391 - $67,181 -
1987 $387 - $62,456 -
1986 $364 - $52,082 -
1985 $320 - $37,690 -
1984 $334 - $36,582 -
1983 $335 - $39,076 -
1982 $374 - $41,479 -
1981 $413 - $44,157 -
1980 $454 - $50,814 -
1979 $403 - $44,990 -
1978 $355 - $37,608 -
1977 $311 - $30,875 -
1976 $248.9 - $28,396 -
1975 $241.2 - $27,921 -
1974 $227.2 - $22,348 -
1973 $198.6 - $20,882 -
1972 $172.6 - $16,187 -
1971 $150.9 - $13,334 -
1970 $141 - $12,098 -
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); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-07-08).

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

Kenya's GDP per capita is $2,363, ranking 154/197, compared to $288,002 in Monaco, ranking 1/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Monaco ranks 6th at $115,700.

Economic indicators

Kenya Monaco
Gross domestic product
$136B
2025
$11.1B
2024
GDP rank
62/197
2025
154/197
2024
GDP growth
4.63%
2024-2025
8.51%
2023-2024
GDP per capita
$2,363
2025
$288,002
2024
GDP per capita rank
154/197
2025
1/197
2024
GDP per capita, PPP
$6,644
2024
$115,700
2015
GDP per capita PPP rank
149/197
2024
6/197
2015
Government debt
$94.3B
2025
n/a
Debt-to-GDP ratio
69.3%
2025
n/a
Government debt per person
$1,638
2025
n/a
Government debt per person rank
126/185
2025
n/a
Average annual personal income after taxes
$2,538
2026
$109,346
2026
Market capitalization of domestic companies
$22.8B
2025
n/a
Number of billionaires n/a
2
2026
Income share by richest 10%
30.9%
2022
n/a
Income share by poorest 10%
2.9%
2022
n/a
Government expenditure, % of GDP
24%
2025
20%
2026
Consumer prices inflation
4.07%
2024-2025
1.5%
2019-2020
Central bank interest rate
8.75%
2026
n/a
Unemployment rate
5.44%
2022
6.33%
2016
Population
59218766
38054

Inflation comparison by year

Inflation
Kenya

Monaco
1x
Year Consumer prices inflation
Kenya Monaco
2025 4.07% -
2024 4.49% -
2023 7.67% -
2022 7.66% -
2021 6.11% -
2020 5.41% 1.5%
2019 5.24% 1.5%
2018 4.69% 1.5%
2017 8.01% -
2016 6.3% -
2015 6.58% -
2014 6.88% -
2013 5.72% -
2012 9.38% -
2011 14% -
2010 3.96% 1.5%
2009 9.23% -
2008 26.2% -
2007 9.76% -
2006 14.5% -
2005 10.3% -
2004 11.6% -
2003 9.82% -
2002 1.96% -
2001 5.74% -
2000 9.98% 1.9%
1999 5.74% -
1998 6.72% -
1997 11.4% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (2000–2020, retrieved 2026-07-08).

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

Over the past 21 years, Kenya has recorded an average annual inflation rate of 8.82%, compared with 1.58% in Monaco. In 2020, inflation was 4.07% in Kenya and 1.5% in Monaco.

Balance of trade

Kenya Monaco
Current account balance
-$1.55B
2024
n/a
Current account balance ranking
130/190
2024
n/a
Current account balance, % of GDP
-1.29%
2024
n/a
Goods imports
$22.2B
2024
n/a
Goods exports
$12.5B
2024
n/a
Service imports
$5.64B
2024
n/a
Service exports
$8.04B
2024
n/a
Imports of goods and services, % of GDP
21.8%
2025
n/a
Exports of goods and services, % of GDP
15.8%
2025
n/a

Economic freedom indices

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

Kenya Monaco
Economic freedom 55.5 83
Economic freedom ranking 128/197 4/197
Property rights 40.2 n/a
Government integrity 32.7 n/a
Judicial effectiveness 47 n/a
Tax burden 76.3 n/a
Government spending 84.1 n/a
Fiscal health 36.2 n/a
Business freedom 61.5 n/a
Labor freedom 56.5 n/a
Monetary freedom 75.1 n/a
Trade freedom 52 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Kenya Monaco
Services, % of GDP
55.1%
2025
87.2%
2024
Industry, % of GDP
16.3%
2025
12.8%
2024
Agriculture, forestry, and fishing, % of GDP
23.2%
2025
n/a
GNI, Atlas method
$127B
2025
n/a
GNI per capita, PPP
$6,910
2025
n/a
Total reserves including gold
$12.4B
2025
n/a
Total reserves ranking
76/177
2025
n/a
Net foreign direct investment
-$45.8M
2024
n/a
Net inflows of foreign direct investment
$463M
2024
n/a
Net outflows of foreign direct investment
$418M
2024
n/a
Servicing debt to the IMF, % of GNI
4.82%
2024
n/a
Poverty at national poverty lines
39.8%
2022
n/a
Gross capital formation, % of GDP
17%
2025
n/a

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/monaco | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.