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Economy of Kenya vs Morocco compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $120B compared to $161B for Morocco, ranking 64/197 and 58/197 by economy size, respectively.

Kenya has $81B in government debt (67.3% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Kenya vs Morocco GDP by year

Kenya
Morocco
1x
Year GDP, current $
Kenya Morocco
2024 $120,339,557,906 $160,610,994,055
2023 $107,500,884,685 $146,036,093,667
2022 $114,448,978,153 $131,245,312,804
2021 $109,703,658,905 $142,022,058,447
2020 $100,657,505,751 $121,353,645,057
2019 $100,378,436,207 $128,920,266,409
2018 $92,202,979,985 $127,341,147,582
2017 $82,036,510,877 $118,540,573,368
2016 $74,815,144,164 $111,572,947,005
2015 $70,120,446,897 $110,413,823,842
2014 $68,285,796,514 $119,130,841,412
2013 $61,671,440,408 $115,739,287,305
2012 $56,396,704,672 $106,937,392,311
2011 $46,869,473,151 $110,080,631,332
2010 $45,405,615,064 $100,865,329,473
2009 $42,347,217,913 $101,154,952,241
2008 $35,895,153,328 $101,822,906,949
2007 $31,958,195,182 $86,947,913,287
2006 $25,825,512,284 $75,883,823,301
2005 $18,737,895,513 $68,852,658,069
2004 $16,095,337,094 $66,114,145,451
2003 $14,904,517,650 $58,029,363,354
2002 $13,147,736,899 $47,077,192,188
2001 $12,986,007,426 $43,831,480,208
2000 $12,705,350,098 $43,017,455,402
1999 $12,896,010,459 $46,266,428,648
1998 $14,093,998,844 $46,497,608,725
1997 $13,115,764,358 $39,147,844,526
1996 $12,045,865,396 $43,161,571,528
1995 $9,046,320,255 $39,030,285,468
1994 $7,148,148,564 $35,604,137,423
1993 $5,751,786,643 $31,655,473,664
1992 $8,209,120,763 $33,711,069,431
1991 $8,151,488,783 $32,285,573,574
1990 $8,572,359,038 $30,179,954,775
1989 $8,283,114,514 $26,314,313,191
1988 $8,355,380,879 $25,705,296,184
1987 $7,970,820,369 $21,765,195,948
1986 $7,239,126,568 $19,462,085,540
1985 $6,135,034,214 $14,991,283,216
1984 $6,191,437,070 $14,824,667,954
1983 $5,979,198,314 $16,251,408,128
1982 $6,431,579,357 $17,692,276,734
1981 $6,854,491,706 $17,788,185,479
1980 $7,265,315,820 $21,728,516,153
1979 $6,234,391,113 $15,911,994,817
1978 $5,303,735,111 $13,236,946,234
1977 $4,494,378,764 $11,049,783,872
1976 $3,474,542,392 $9,584,297,284
1975 $3,259,345,083 $8,984,853,005
1974 $2,969,958,812 $7,675,466,449
1973 $2,509,001,324 $6,242,145,880
1972 $2,107,279,157 $5,074,117,545
1971 $1,778,391,289 $4,356,669,034
1970 $1,603,447,359 $3,956,336,244
1969 $1,458,379,417 $3,651,622,669
1968 $1,353,295,459 $3,271,422,333
1967 $1,232,559,507 $3,046,345,314
1966 $1,164,519,674 $2,876,401,297
1965 $997,919,321 $2,948,331,090
1964 $998,759,334 $2,798,345,299
1963 $926,589,349 $2,657,252,578
1962 $868,111,401 $2,379,611,125
1961 $792,959,473 $2,025,693,540
1960 $791,265,459 $2,037,154,742

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

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

GDP per capita in Kenya vs Morocco by year

Kenya
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,132 $6,644 $4,218 $10,415
2023 $1,943 $6,317 $3,872 $9,895
2022 $2,110 $5,883 $3,516 $9,310
2021 $2,061 $5,339 $3,843 $8,623
2020 $1,928 $4,793 $3,317 $7,705
2019 $1,960 $4,687 $3,560 $8,046
2018 $1,836 $4,412 $3,553 $7,801
2017 $1,667 $4,177 $3,344 $8,115
2016 $1,554 $3,917 $3,186 $7,853
2015 $1,489 $3,678 $3,190 $7,799
2014 $1,483 $3,359 $3,483 $7,237
2013 $1,371 $3,106 $3,425 $7,542
2012 $1,285 $2,847 $3,206 $7,308
2011 $1,096 $2,750 $3,345 $7,274
2010 $1,092 $2,635 $3,107 $6,849
2009 $1,048 $2,480 $3,158 $6,629
2008 $916 $2,459 $3,222 $6,437
2007 $840 $2,481 $2,788 $6,058
2006 $700 $2,330 $2,466 $5,781
2005 $523 $2,189 $2,268 $5,275
2004 $464 $2,066 $2,207 $5,025
2003 $443 $1,975 $1,962 $4,741
2002 $403 $1,940 $1,612 $4,436
2001 $411 $1,961 $1,521 $4,269
2000 $415 $1,907 $1,513 $3,930
1999 $434 $1,910 $1,651 $3,801
1998 $488 $1,895 $1,683 $3,740
1997 $467 $1,865 $1,439 $3,502
1996 $441 $1,875 $1,610 $3,551
1995 $340 $1,818 $1,478 $3,152
1994 $276.4 $1,754 $1,369 $3,315
1993 $229 $1,723 $1,236 $2,979
1992 $337 $1,728 $1,337 $2,979
1991 $345 $1,756 $1,302 $3,025
1990 $374 $1,729 $1,238 $2,777
1989 $374 - $1,099 -
1988 $391 - $1,094 -
1987 $387 - $944 -
1986 $364 - $861 -
1985 $320 - $678 -
1984 $334 - $687 -
1983 $335 - $772 -
1982 $374 - $862 -
1981 $413 - $890 -
1980 $454 - $1,117 -
1979 $403 - $839 -
1978 $355 - $716 -
1977 $311 - $613 -
1976 $248.9 - $545 -
1975 $241.2 - $524 -
1974 $227.2 - $459 -
1973 $198.6 - $382 -
1972 $172.6 - $319 -
1971 $150.9 - $280.6 -
1970 $141 - $261.5 -
1969 $133.3 - $247.8 -
1968 $128.7 - $228 -
1967 $121.9 - $218.1 -
1966 $119.8 - $211.5 -
1965 $106.9 - $222.7 -
1964 $111.3 - $216.9 -
1963 $107.4 - $211.3 -
1962 $104.6 - $194.2 -
1961 $99.3 - $169.8 -
1960 $102.8 - $175.2 -

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

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

Kenya's GDP per capita is $2,132, ranking 154/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Morocco ranks 132nd at $10,415.

Economic indicators

Kenya Morocco
Gross domestic product
$120B
2024
$161B
2024
GDP rank
64/197
2024
58/197
2024
GDP growth
4.72%
2023-2024
3.79%
2023-2024
GDP per capita
$2,132
2024
$4,218
2024
GDP per capita rank
154/197
2024
127/197
2024
GDP per capita, PPP
$6,644
2024
$10,415
2024
GDP per capita PPP rank
149/197
2024
132/197
2024
Government debt
$81B
2024
$109B
2024
Debt-to-GDP ratio
67.3%
2024
67.7%
2024
Government debt per person
$1,436
2024
$2,857
2024
Government debt per person rank
133/185
2024
104/185
2024
Average annual personal income after taxes
$3,229
2026
$5,678
2026
Market capitalization of domestic companies
$15B
2024
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
30.1%
2022
31.9%
2013
Income share by poorest 10%
2.9%
2022
2.7%
2013
Government expenditure, % of GDP
23.3%
2024
33%
2024
Consumer prices inflation
4.49%
2023-2024
0.99%
2023-2024
Central bank interest rate
9.25%
2025
2.25%
2025
Unemployment rate
5.44%
2022
11.8%
2022
Population
58955623
38871720

Spending and national debt comparison by year

Kenya
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Kenya Morocco
Government spending Government debt Government spending Government debt
2024 23.3% 67.3% 33% 67.7%
2023 22.7% 73.4% 32% 68.7%
2022 23.2% 67.8% 33.7% 71.4%
2021 24% 68.2% 31% 69.4%
2020 24.8% 68% 34.1% 72.2%
2019 24.4% 59.1% 27.6% 60.3%
2018 24.5% 56.4% 27.8% 60.5%
2017 25.2% 53.9% 27.9% 60.3%
2016 25.4% 50.4% 28.6% 60.1%
2015 23.8% 45.8% 28.5% 58.4%
2014 23.4% 41.3% 30.7% 58.6%
2013 23.2% 39.8% 30.4% 57.1%
2012 22.1% 37.6% 32.5% 52.3%
2011 20.1% 35.7% 31.2% 48.6%
2010 21.5% 36.7% 28.7% 45.3%
2009 20.3% 36% 28.1% 42.6%
2008 18.9% 34.3% 28.3% 42%
2007 18.1% 34.2% 26.4% 47.1%
2006 17.3% 37.1% 26% 50.6%
2005 16.2% 37.4% 28.6% 54.8%
2004 15.4% 40.8% 24.5% 54.4%
2003 16% 43.8% 24.1% 56.9%
2002 15.7% 42% 25.8% 59.4%
2001 14.9% 41.3% 23.7% 60.4%
2000 14.1% 43.1% 22.8% 64.9%
1999 13.7% 38.4% 18.4% 63.4%
1998 15.3% 38.5% 18.7% 64.5%
1997 15.6% 36% 18.6% 68%
1996 15.2% 40.5% 17.6% 65.3%
1995 17.3% 52.1% 21.3% 72.2%
1994 18.8% 57% 21.7% 69.3%
1993 18.9% 61.6% 23.1% 74.7%
1992 17.6% 41.2% 22.3% 67%
1991 16.4% 43% 20.8% 59.1%
1990 17.2% 37.6% 22.6% 70.5%
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/kenya/morocco | CC BY

In 2024, Kenya's government spending was $28B, accounting for 23.3% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 67.3% in Kenya and 67.7% in Morocco, ranking 64/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Kenya

Morocco
1x
Year Deficit/surplus, % of GDP
Kenya Morocco
2024 -5.77% -3.92%
2023 -5.71% -4.41%
2022 -6.06% -5.37%
2021 -7.2% -5.92%
2020 -8.13% -7.15%
2019 -7.42% -3.8%
2018 -6.94% -3.52%
2017 -7.4% -3.3%
2016 -7.47% -4.49%
2015 -6.68% -4.59%
2014 -5.75% -4.78%
2013 -5.25% -4.7%
2012 -5.29% -6.63%
2011 -3.64% -6.08%
2010 -3.67% -3.93%
2009 -3.12% -1.63%
2008 -1.95% 0.63%
2007 -0.95% -0.12%
2006 -0.43% -1.8%
2005 -0.19% -5.46%
2004 0.5% -3.31%
2003 -0.73% -3.74%
2002 -1.29% -4.37%
2001 -0.53% -3.79%
2000 0.38% -1.97%
1999 0.84% 3.21%
1998 -0.03% 1.47%
1997 -0.91% 1.5%
1996 -0.49% 0.87%
1995 -0.23% -2.54%
1994 -4.14% -2.51%
1993 -8.57% -2%
1992 -8.28% -1.84%
1991 -6.56% -0.9%
1990 -3.28% -1.32%
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/kenya/morocco | CC BY

In 2024, Kenya's government deficit, the difference between spending and revenue, was $6.94B, equivalent to 5.77% of GDP. This compares to Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Kenya recorded a fiscal deficit in 32 of those years, while Morocco ran a deficit in 30 years. On average, Kenya posted an annual deficit equal to 3.78% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Kenya

Morocco
1x
Year Consumer prices inflation
Kenya Morocco
2024 4.49% 0.99%
2023 7.67% 6.09%
2022 7.66% 6.66%
2021 6.11% 1.4%
2020 5.41% 0.71%
2019 5.24% 0.3%
2018 4.69% 1.8%
2017 8.01% 0.75%
2016 6.3% 1.64%
2015 6.58% 1.56%
2014 6.88% 0.44%
2013 5.72% 1.88%
2012 9.38% 1.29%
2011 14% 0.91%
2010 3.96% 0.99%
2009 9.23% 0.97%
2008 26.2% 3.71%
2007 9.76% 2.04%
2006 14.5% 3.28%
2005 10.3% 0.98%
2004 11.6% 1.49%
2003 9.82% 1.17%
2002 1.96% 2.8%
2001 5.74% 0.62%
2000 9.98% 1.89%
1999 5.74% 0.68%
1998 6.72% 2.75%
1997 11.4% 1.04%

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

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

Over the past 28 years, Kenya has recorded an average annual inflation rate of 8.39%, compared with 1.82% in Morocco. In 2024, inflation was 4.49% in Kenya and 0.99% in Morocco.

Top exports between countries

Kenya
Export category Export value
Textiles & consumer goods $2.54M
Raw agricultural goods $1.61M
Raw materials & minerals $411K
Machinery & equipment $188K
Chemicals & pharma $84K
Processed food, beverages & tobacco $36K
Wood & paper products $13K
Metals $1K
Precious metals & jewellery $1K
Morocco
Export category Export value
Processed food, beverages & tobacco $4.36M
Raw materials & minerals $980K
Wood & paper products $834K
Textiles & consumer goods $800K
Chemicals & pharma $293K
Machinery & equipment $157K
Metals $66K
Raw agricultural goods $14K

Balance of trade

Kenya Morocco
Current account balance
-$1.55B
2024
-$1.87B
2024
Current account balance ranking
134/190
2024
141/190
2024
Current account balance, % of GDP
-1.29%
2024
-1.16%
2024
Goods imports
$22.2B
2024
$66.5B
2024
Goods exports
$12.5B
2024
$39.3B
2024
Service imports
$5.64B
2024
$14.3B
2024
Service exports
$8.04B
2024
$28.2B
2024
Imports of goods and services, % of GDP
23.1%
2024
50.2%
2024
Exports of goods and services, % of GDP
17.1%
2024
42%
2024

Economic freedom indices

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

Kenya Morocco
Economic freedom 55.5 61.8
Economic freedom ranking 128/197 91/197
Property rights 40.2 55.2
Government integrity 32.7 35.6
Judicial effectiveness 47 32.5
Tax burden 76.3 65.5
Government spending 84.1 67.5
Fiscal health 36.2 57.5
Business freedom 61.5 72.1
Labor freedom 56.5 46.2
Monetary freedom 75.1 79.6
Trade freedom 52 69.8
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Kenya
Morocco
1x
Year Economic freedom index
Kenya Morocco
2026 55.5 61.8
2025 54.8 60.3
2024 53.6 56.8
2023 52.5 58.4
2022 52.6 59.2
2021 54.9 63.3
2020 55.3 63.3
2019 55.1 62.9
2018 54.7 61.9
2017 53.5 61.5
2016 57.5 61.3
2015 55.6 60.1
2014 57.1 58.3
2013 55.9 59.6
2012 57.5 60.2
2011 57.4 59.6
2010 57.5 59.2
2009 58.7 57.7
2008 59.3 55.6
2007 59.6 56.4
2006 59.7 51.5
2005 57.9 52.2
2004 57.7 56.7
2003 58.6 57.8
2002 58.2 59
2001 57.6 63.9
2000 59.7 63.2
1999 58.2 63.8
1998 58.4 61.1
1997 60.1 64.7
1996 56.4 64.3
1995 54.5 62.8

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

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

The Economic Freedom Index for Kenya is 55.5, ranking 128/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kenya Morocco
Services, % of GDP
55.3%
2024
52.7%
2024
Industry, % of GDP
16.5%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
22.5%
2024
10.6%
2024
GNI, Atlas method
$118B
2024
$149B
2024
GNI per capita, PPP
$6,540
2024
$10,260
2024
Total reserves including gold
$10.1B
2024
$37.1B
2024
Total reserves ranking
75/177
2024
52/177
2024
Net foreign direct investment
-$45.8M
2024
-$948M
2024
Net inflows of foreign direct investment
$463M
2024
$1.64B
2024
Net outflows of foreign direct investment
$418M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
4.79%
2024
5.63%
2024
Poverty at national poverty lines
39.8%
2022
3.9%
2022
Gross capital formation, % of GDP
16.8%
2024
30.1%
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/kenya/morocco | 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 (2021–2024, 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.