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Economy of Kenya vs Myanmar compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $124B compared to $74.1B for Myanmar, ranking 64/197 and 85/197 by economy size, respectively.

Kenya has $81.7B in government debt (68.3% of GDP), compared to $45.4B (62.6% of GDP) in Myanmar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kenya
GDP, current $

GDP, constant 2015 $
Myanmar
GDP, current $

GDP, constant 2015 $
Year GDP
Kenya Myanmar
Current $ Constant $ Current $ Constant $
1960 $791,265,459 $6,102,055,404 $545,098,448 $2,819,978,877
1961 $792,959,473 $5,627,642,874 $605,581,577 $2,833,276,800
1962 $868,111,401 $6,159,869,250 $634,528,872 $2,949,069,211
1963 $926,589,349 $6,700,603,529 $598,998,419 $3,342,749,158
1964 $998,759,334 $7,033,252,800 $411,419,906 $3,145,726,893
1965 $997,919,321 $7,174,557,472 $367,053,117 $3,482,088,444
1966 $1,164,519,674 $8,231,266,933 $293,103,479 $3,313,145,218
1967 $1,232,559,507 $8,507,938,914 $420,359,036 $3,116,832,787
1968 $1,353,295,459 $9,187,101,300 $559,956,130 $3,492,702,256
1969 $1,458,379,417 $9,918,323,314 $571,854,215 $3,607,672,972
1970 $1,603,447,359 $9,456,581,037 $563,555,631 $3,787,310,936
1971 $1,778,391,289 $11,553,473,096 $587,448,405 $3,943,725,456
1972 $2,107,279,157 $13,527,086,975 $662,213,083 $4,039,788,352
1973 $2,509,001,324 $14,324,722,508 $719,754,655 $4,000,678,162
1974 $2,969,958,812 $14,907,110,912 $1,225,589,878 $4,214,409,420
1975 $3,259,345,083 $15,038,621,918 $1,061,107,354 $4,389,421,587
1976 $3,474,542,392 $15,362,548,496 $1,204,699,849 $4,656,315,812
1977 $4,494,378,764 $16,814,892,774 $873,579,932 $4,933,473,074
1978 $5,303,735,111 $17,977,221,152 $935,408,775 $5,255,027,822
1979 $6,234,391,113 $19,346,227,179 $952,265,043 $5,528,356,401
1980 $7,265,315,820 $20,428,063,600 $1,038,225,167 $5,967,227,079
1981 $6,854,491,706 $21,198,925,608 $1,111,000,765 $6,346,489,388
1982 $6,431,579,357 $21,518,282,813 $1,481,165,468 $6,702,138,811
1983 $5,979,198,314 $21,799,967,946 $1,381,573,615 $6,996,435,938
1984 $6,191,437,070 $22,182,604,684 $1,304,063,253 $7,341,551,094
1985 $6,135,034,214 $23,136,581,312 $1,478,908,173 $7,550,858,733
1986 $7,239,126,568 $24,797,222,251 $1,582,873,750 $7,471,019,822
1987 $7,970,820,369 $26,269,459,979 $1,562,448,077 $7,171,758,277
1988 $8,355,380,879 $27,899,002,871 $1,541,088,312 $6,357,588,760
1989 $8,283,114,514 $29,207,563,409 $2,013,448,229 $6,592,520,573
1990 $8,572,359,038 $30,431,959,354 $2,115,193,513 $6,778,227,479
1991 $8,151,488,783 $30,869,676,465 $2,069,832,687 $6,734,127,185
1992 $8,209,120,763 $30,622,875,267 $2,411,552,289 $7,384,707,337
1993 $5,751,786,643 $30,731,034,422 $3,163,020,035 $7,830,700,107
1994 $7,148,148,564 $31,540,116,339 $4,432,257,174 $8,416,276,600
1995 $9,046,320,255 $32,929,842,157 $5,289,174,943 $9,001,043,827
1996 $12,045,865,396 $34,295,389,782 $6,123,556,717 $9,580,955,459
1997 $13,115,764,358 $34,458,259,247 $4,722,288,496 $10,122,431,106
1998 $14,093,998,844 $35,592,009,622 $6,459,461,639 $10,716,234,491
1999 $12,896,010,459 $36,412,543,752 $8,486,832,801 $11,889,140,285
2000 $12,705,350,098 $36,630,908,099 $8,905,066,164 $13,523,413,252
2001 $12,986,007,426 $38,015,522,174 $6,477,790,688 $15,057,508,855
2002 $13,147,736,899 $38,223,413,680 $6,777,632,512 $16,868,251,605
2003 $14,904,517,650 $39,344,305,939 $10,467,109,978 $19,203,491,833
2004 $16,095,337,094 $41,352,557,259 $10,567,354,056 $21,808,380,519
2005 $18,737,895,513 $43,795,114,732 $11,986,972,419 $24,767,548,772
2006 $25,825,512,284 $46,629,751,037 $14,502,553,710 $28,006,178,558
2007 $31,958,195,182 $49,824,229,273 $20,182,477,481 $31,364,521,323
2008 $35,895,153,328 $49,939,962,360 $31,862,554,102 $34,581,048,770
2009 $42,347,217,913 $51,591,446,860 $36,906,181,381 $38,229,352,561
2010 $45,405,615,064 $55,748,929,986 $49,540,813,342 $41,912,536,386
2011 $46,869,473,151 $58,603,891,851 $59,977,326,086 $44,256,068,473
2012 $56,396,704,672 $61,281,315,912 $59,937,796,648 $47,501,220,127
2013 $61,671,440,408 $63,608,687,383 $60,269,732,855 $51,503,673,421
2014 $68,285,796,514 $66,801,914,097 $65,531,374,200 $55,711,475,876
2015 $70,120,446,897 $70,120,446,897 $59,607,290,408 $59,607,290,408
2016 $74,815,144,164 $73,074,983,895 $63,298,361,996 $63,101,751,663
2017 $82,036,510,877 $75,879,571,212 $66,053,040,483 $66,973,743,449
2018 $92,202,979,985 $80,165,208,728 $67,860,515,990 $71,172,235,146
2019 $100,378,436,207 $84,264,984,851 $75,065,106,228 $75,854,734,834
2020 $100,657,505,751 $84,035,138,347 $79,006,113,643 $68,991,135,074
2021 $109,703,658,905 $90,413,816,677 $66,345,291,160 $60,700,903,303
2022 $114,448,978,153 $94,807,911,028 $62,253,049,892 $63,151,698,289
2023 $108,038,588,971 $100,075,318,171 $66,757,619,000 $63,756,973,610
2024 $124,498,691,699 $104,575,203,136 $74,079,772,652 $63,137,226,235

Economic indicators

Kenya Myanmar
Gross domestic product
$124B
2024
$74.1B
2024
GDP rank
64/197
2024
85/197
2024
GDP growth
15.2%
2023-2024
11%
2023-2024
GDP per capita
$2,206
2024
$1,359
2024
GDP per capita rank
152/197
2024
165/197
2024
GDP per capita, PPP
$6,619
2024
$5,997
2024
Government debt
$81.7B
2024
$45.4B
2024
Debt-to-GDP ratio
68.3%
2025
62.6%
2025
Government debt per person
$1,447
2024
$833
2024
Government debt per person rank
131/185
2024
146/185
2024
Average annual personal income after taxes
$2,811
2025
$1,798
2025
Market capitalization of domestic companies
$15B
2024
n/a
Income share by richest 10%
30.1%
2022
25.5%
2017
Income share by poorest 10%
2.9%
2022
3.8%
2017
Government expenditure, % of GDP
23%
2025
21.9%
2025
Consumer prices inflation
4.49%
2023-2024
8.83%
2018-2019
Central bank interest rate
9.5%
2025
n/a
Unemployment rate
5.44%
2022
1.48%
2020
Population
58419239
55119090

GDP per capita in Kenya vs Myanmar

Kenya's GDP per capita is $2,206, ranking 152/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 148th at $6,619, while Myanmar ranks 153rd at $5,997.

Kenya
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
Year Current $
Kenya Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $102.8 - $25.1 -
1961 $99.3 - $27.3 -
1962 $104.6 - $27.9 -
1963 $107.4 - $25.8 -
1964 $111.3 - $17.3 -
1965 $106.9 - $15.1 -
1966 $119.8 - $11.8 -
1967 $121.9 - $16.5 -
1968 $128.7 - $21.5 -
1969 $133.3 - $21.5 -
1970 $141 - $20.7 -
1971 $150.9 - $21.1 -
1972 $172.6 - $23.3 -
1973 $198.6 - $24.8 -
1974 $227.2 - $41.4 -
1975 $241.2 - $35.2 -
1976 $248.9 - $39.2 -
1977 $311 - $27.9 -
1978 $355 - $29.3 -
1979 $403 - $29.2 -
1980 $454 - $31.2 -
1981 $413 - $32.8 -
1982 $374 - $43 -
1983 $335 - $39.3 -
1984 $334 - $36.3 -
1985 $320 - $40.4 -
1986 $364 - $42.4 -
1987 $387 - $41.1 -
1988 $391 - $39.9 -
1989 $374 - $51.3 -
1990 $374 $1,729 $53.1 $441
1991 $345 $1,756 $51.2 $447
1992 $337 $1,728 $58.9 $494
1993 $229 $1,723 $76.2 $529
1994 $276.4 $1,754 $105.4 $573
1995 $340 $1,818 $124.1 $618
1996 $441 $1,875 $141.9 $661
1997 $467 $1,865 $108 $702
1998 $488 $1,895 $146 $742
1999 $434 $1,910 $189.5 $825
2000 $415 $1,907 $196.6 $949
2001 $411 $1,961 $141.5 $1,069
2002 $403 $1,940 $146.6 $1,204
2003 $443 $1,975 $224.3 $1,385
2004 $464 $2,066 $224.5 $1,601
2005 $523 $2,189 $252.7 $1,860
2006 $700 $2,330 $303 $2,153
2007 $840 $2,481 $419 $2,459
2008 $916 $2,459 $658 $2,748
2009 $1,048 $2,480 $758 $3,040
2010 $1,092 $2,635 $1,011 $3,348
2011 $1,096 $2,750 $1,214 $3,579
2012 $1,285 $2,847 $1,203 $3,845
2013 $1,371 $3,106 $1,199 $4,144
2014 $1,483 $3,359 $1,293 $4,376
2015 $1,489 $3,678 $1,167 $4,459
2016 $1,554 $3,917 $1,229 $4,460
2017 $1,667 $4,177 $1,273 $4,706
2018 $1,836 $4,412 $1,298 $5,581
2019 $1,960 $4,687 $1,426 $6,101
2020 $1,928 $4,793 $1,490 $5,741
2021 $2,061 $5,339 $1,243 $5,178
2022 $2,110 $5,883 $1,158 $5,732
2023 $1,952 $6,307 $1,233 $5,953
2024 $2,206 $6,619 $1,359 $5,997

Spending and national debt comparison

In 2024, Kenya's government spending was $28.5B, accounting for 23% of its GDP, while Myanmar's spent $15.2B, or 21.9% of GDP.

Debt-to-GDP ratio is 68.3% in Kenya and 62.6% in Myanmar, ranking 60/185 and 73/185, respectively.

Kenya
Government spending

Government debt
Myanmar
Government spending

Government debt
Year % of GDP
Kenya Myanmar
Government spending Government debt Government spending Government debt
1982 16.2% 26.9% - -
1983 14.6% 26.1% - -
1984 14.9% 25.6% - -
1985 15.6% 28.8% - -
1986 15.3% 31.3% - -
1987 15.5% 36.3% - -
1988 15.9% 33.9% - -
1989 16.3% 33.4% - -
1990 17.2% 37.6% - -
1991 16.4% 43% - -
1992 17.6% 41.2% - -
1993 18.9% 61.6% - -
1994 18.8% 57% - -
1995 17.3% 52.1% - -
1996 15.2% 40.5% - -
1997 15.6% 36% - -
1998 15.3% 38.5% 25.2% 225.7%
1999 13.7% 38.4% 22.8% 163.1%
2000 14.1% 43.1% 21.4% 178%
2001 14.9% 41.3% 19.1% 283.5%
2002 15.7% 42% 15.3% 206.3%
2003 16% 43.8% 14.3% 158%
2004 15.4% 40.8% 14.6% 137%
2005 16.2% 37.4% 14.6% 128.7%
2006 17.3% 37.1% 15.6% 111.5%
2007 18.1% 34.2% 15.7% 83.7%
2008 18.9% 34.3% 14.4% 64.7%
2009 20.3% 36% 14.4% 61%
2010 21.5% 36.7% 15.8% 58.8%
2011 20.1% 35.7% 15.6% 54%
2012 22.1% 37.6% 20% 51.9%
2013 23.2% 39.8% 23.9% 48.5%
2014 23.4% 41.3% 24.7% 37.3%
2015 23.8% 45.8% 23.7% 38.4%
2016 25.4% 50.4% 21.3% 35.7%
2017 25.2% 53.9% 19.7% 41.9%
2018 24.5% 56.4% 18.7% 38.7%
2019 24.4% 59.1% 20.5% 38.3%
2020 24.8% 68% 21.2% 48.7%
2021 24% 68.2% 20.6% 59.2%
2022 23.2% 67.8% 21.2% 55.6%
2023 22.6% 73% 21.2% 57.9%
2024 22.9% 65.6% 20.5% 61.3%
2025 23% 68.3% 21.9% 62.6%

Government deficit by year

In 2024, Kenya's government deficit, the difference between spending and revenue, was -$6.86B, equivalent to -5.51% of GDP. This compares to Myanmar's deficit of -$3.94B, or -5.32% of GDP.

Over the past 27 years, Kenya recorded a fiscal deficit in 24 of those years, while Myanmar ran a deficit in 27 years. On average, Kenya posted an annual deficit equal to -3.69% of GDP, compared to deficit of -3.96% of GDP for Myanmar.

Deficit/surplus
Kenya

Myanmar
Year Deficit/surplus, % of GDP
Kenya Myanmar
1982 -3.07% -
1983 -2.17% -
1984 -2.55% -
1985 -3.05% -
1986 -2.98% -
1987 -2.27% -
1988 -1.97% -
1989 -2.39% -
1990 -3.28% -
1991 -6.56% -
1992 -8.28% -
1993 -8.57% -
1994 -4.14% -
1995 -0.23% -
1996 -0.49% -
1997 -0.91% -
1998 -0.03% -4.89%
1999 0.84% -4.46%
2000 0.38% -6.03%
2001 -0.53% -6.34%
2002 -1.29% -4.01%
2003 -0.73% -4.24%
2004 0.5% -4.62%
2005 -0.19% -3.49%
2006 -0.43% -3.42%
2007 -0.95% -3.52%
2008 -1.95% -2.73%
2009 -3.12% -3.55%
2010 -3.67% -5.4%
2011 -3.64% -4.82%
2012 -5.29% -2.7%
2013 -5.25% -1.53%
2014 -5.75% -1.06%
2015 -6.68% -4.33%
2016 -7.47% -2.53%
2017 -7.4% -3.42%
2018 -6.94% -2.77%
2019 -7.42% -4.7%
2020 -8.13% -6.56%
2021 -7.2% -2.53%
2022 -6.06% -2.78%
2023 -5.69% -5.22%
2024 -5.51% -5.32%
2025 -5.38% -5.71%

Inflation comparison by year

Over the past 24 years, Kenya has recorded an average annual inflation rate of 8.86%, compared with 16.2% in Myanmar. In 2019, inflation was 4.49% in Kenya and 8.83% in Myanmar.

Inflation
Kenya

Myanmar
Year Inflation
Kenya Myanmar Kenya Myanmar
1996 8.86% 16.3%
1997 11.4% 29.7%
1998 6.72% 51.5%
1999 5.74% 18.4%
2000 9.98% -0.11%
2001 5.74% 21.1%
2002 1.96% 57.1%
2003 9.82% 36.6%
2004 11.6% 4.53%
2005 10.3% 9.37%
2006 14.5% 20%
2007 9.76% 35%
2008 26.2% 26.8%
2009 9.23% 1.47%
2010 3.96% 7.72%
2011 14% 5.02%
2012 9.38% 1.47%
2013 5.72% 5.64%
2014 6.88% 4.95%
2015 6.58% 9.45%
2016 6.3% 6.93%
2017 8.01% 4.57%
2018 4.69% 6.87%
2019 5.24% 8.83%
2020 5.41% -
2021 6.11% -
2022 7.66% -
2023 7.67% -
2024 4.49% -

Top exports between countries

Kenya
Export category Export value
Animal & marine products $1.39M
Machinery & equipment $157K
Chemicals & pharma $62K
Wood & paper products $14K
Raw agricultural goods $8K
Textiles & consumer goods $5K
Raw materials & minerals $1K
Myanmar
Export category Export value
Raw agricultural goods $7.89M
Processed food, beverages & tobacco $62K
Machinery & equipment $14K
Animal & marine products $13K
Chemicals & pharma $10K
Miscellaneous $1K
Textiles & consumer goods $1K

Balance of trade

Kenya Myanmar
Current account balance
-$1.55B
2024
$67.7M
2019
Current account balance ranking
133/189
2024
70/189
2019
Current account balance, % of GDP
-1.24%
2024
+0.09%
2019
Goods imports
$22.2B
2024
$13.7B
2019
Goods exports
$12.5B
2024
$10.8B
2019
Service imports
$5.64B
2024
$3.66B
2019
Service exports
$8.04B
2024
$6.68B
2019
Imports of goods and services, % of GDP
19.2%
2024
n/a
Exports of goods and services, % of GDP
11.1%
2024
24.3%
2025

Economic freedom indices

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

Kenya Myanmar
Economic freedom 54.8 43.7
Economic freedom ranking 132/197 182/197
Property rights 41.8 17.3
Government integrity 31.5 18.7
Judicial effectiveness 48 4.2
Tax burden 77 88.6
Government spending 83.7 84
Fiscal health 25.1 39.9
Business freedom 58.9 39.9
Labor freedom 57.3 53.2
Monetary freedom 72.6 59.7
Trade freedom 56.6 68.6
Investment freedom 55 30
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Kenya is 54.8, ranking 132/197, compared to 43.7 for Myanmar, ranking 182/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kenya
Myanmar
Year Economic freedom index
Kenya Myanmar
1995 54.5 -
1996 56.4 45.1
1997 60.1 45.4
1998 58.4 45.7
1999 58.2 46.4
2000 59.7 47.9
2001 57.6 46.1
2002 58.2 45.5
2003 58.6 44.9
2004 57.7 43.6
2005 57.9 40.5
2006 59.7 40
2007 59.6 41
2008 59.3 39.5
2009 58.7 37.7
2010 57.5 36.7
2011 57.4 37.8
2012 57.5 38.7
2013 55.9 39.2
2014 57.1 46.5
2015 55.6 46.9
2016 57.5 48.7
2017 53.5 52.5
2018 54.7 53.9
2019 55.1 53.6
2020 55.3 54
2021 54.9 55.2
2022 52.6 49.6
2023 52.5 46.5
2024 53.6 42.2
2025 54.8 43.7

More economic indicators

Kenya Myanmar
Services, % of GDP
55.9%
2024
41.4%
2024
Industry, % of GDP
16.1%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
21.3%
2024
20.8%
2024
GNI, Atlas method
$119B
2024
$66.3B
2024
GNI per capita, PPP
$6,520
2024
$5,920
2024
Total reserves including gold
$10.1B
2024
$9.34B
2023
Total reserves ranking
75/177
2024
81/177
2023
Net foreign direct investment
-$45.8M
2024
-$1.74B
2019
Net inflows of foreign direct investment
$463M
2024
$1.1B
2024
Net outflows of foreign direct investment
$418M
2024
$0
1989
Servicing debt to the IMF, % of GNI
3.65%
2023
1.39%
2023
Poverty at national poverty lines
39.8%
2022
24.8%
2017
Gross capital formation, % of GDP
16.8%
2024
n/a

GDP per capita map

GDP per capita

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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.