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Economy of Kenya vs Russia compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $120B compared to $2.17T for Russia, ranking 64/197 and 11/197 by economy size, respectively.

Kenya has $81B in government debt (67.3% of GDP), compared to $440B (20.3% of GDP) in Russia.

Kenya vs Russia GDP by year

Kenya
Russia
1x
Year GDP, current $
Kenya Russia
2024 $120,339,557,906 $2,173,835,806,672
2023 $107,500,884,685 $2,071,505,725,031
2022 $114,448,978,153 $2,291,612,121,335
2021 $109,703,658,905 $1,829,186,719,575
2020 $100,657,505,751 $1,493,075,894,362
2019 $100,378,436,207 $1,693,115,002,708
2018 $92,202,979,985 $1,657,328,773,461
2017 $82,036,510,877 $1,574,199,360,089
2016 $74,815,144,164 $1,276,786,350,881
2015 $70,120,446,897 $1,363,482,182,198
2014 $68,285,796,514 $2,059,241,589,895
2013 $61,671,440,408 $2,292,470,078,346
2012 $56,396,704,672 $2,208,293,553,878
2011 $46,869,473,151 $2,045,922,753,398
2010 $45,405,615,064 $1,524,916,715,224
2009 $42,347,217,913 $1,222,645,900,056
2008 $35,895,153,328 $1,660,848,058,303
2007 $31,958,195,182 $1,299,703,478,482
2006 $25,825,512,284 $989,932,071,353
2005 $18,737,895,513 $764,015,973,481
2004 $16,095,337,094 $591,016,690,732
2003 $14,904,517,650 $430,347,420,185
2002 $13,147,736,899 $345,470,494,418
2001 $12,986,007,426 $306,602,070,621
2000 $12,705,350,098 $259,710,142,197
1999 $12,896,010,459 $195,907,128,351
1998 $14,093,998,844 $270,955,486,862
1997 $13,115,764,358 $404,928,954,192
1996 $12,045,865,396 $391,724,890,744
1995 $9,046,320,255 $395,537,185,735
1994 $7,148,148,564 $395,077,301,248
1993 $5,751,786,643 $435,083,713,851
1992 $8,209,120,763 $460,290,556,901
1991 $8,151,488,783 $517,962,962,963
1990 $8,572,359,038 $517,014,446,228
1989 $8,283,114,514 $506,631,299,735
1988 $8,355,380,879 $554,828,660,436
1987 $7,970,820,369 -
1986 $7,239,126,568 -
1985 $6,135,034,214 -
1984 $6,191,437,070 -
1983 $5,979,198,314 -
1982 $6,431,579,357 -
1981 $6,854,491,706 -
1980 $7,265,315,820 -
1979 $6,234,391,113 -
1978 $5,303,735,111 -
1977 $4,494,378,764 -
1976 $3,474,542,392 -
1975 $3,259,345,083 -
1974 $2,969,958,812 -
1973 $2,509,001,324 -
1972 $2,107,279,157 -
1971 $1,778,391,289 -
1970 $1,603,447,359 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Kenya vs Russia by year

Kenya
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,132 $6,644 $15,145 $47,405
2023 $1,943 $6,317 $14,403 $44,269
2022 $2,110 $5,883 $15,888 $40,939
2021 $2,061 $5,339 $12,637 $38,638
2020 $1,928 $4,793 $10,280 $31,491
2019 $1,960 $4,687 $11,640 $30,964
2018 $1,836 $4,412 $11,399 $28,629
2017 $1,667 $4,177 $10,835 $25,778
2016 $1,554 $3,917 $8,804 $24,012
2015 $1,489 $3,678 $9,427 $23,994
2014 $1,483 $3,359 $14,277 $25,688
2013 $1,371 $3,106 $15,941 $26,020
2012 $1,285 $2,847 $15,402 $24,274
2011 $1,096 $2,750 $14,305 $22,790
2010 $1,092 $2,635 $10,675 $20,490
2009 $1,048 $2,480 $8,563 $19,390
2008 $916 $2,459 $11,635 $20,164
2007 $840 $2,481 $9,101 $16,648
2006 $700 $2,330 $6,920 $14,912
2005 $523 $2,189 $5,323 $11,822
2004 $464 $2,066 $4,102 $10,227
2003 $443 $1,975 $2,975 $9,255
2002 $403 $1,940 $2,378 $8,037
2001 $411 $1,961 $2,100 $7,361
2000 $415 $1,907 $1,772 $6,825
1999 $434 $1,910 $1,331 $5,914
1998 $488 $1,895 $1,835 $5,465
1997 $467 $1,865 $2,738 $5,700
1996 $441 $1,875 $2,644 $5,518
1995 $340 $1,818 $2,666 $5,613
1994 $276.4 $1,754 $2,662 $5,734
1993 $229 $1,723 $2,931 $6,420
1992 $337 $1,728 $3,099 $6,862
1991 $345 $1,756 $3,490 $7,858
1990 $374 $1,729 $3,494 $8,028
1989 $374 - $3,430 -
1988 $391 - $3,778 -
1987 $387 - - -
1986 $364 - - -
1985 $320 - - -
1984 $334 - - -
1983 $335 - - -
1982 $374 - - -
1981 $413 - - -
1980 $454 - - -
1979 $403 - - -
1978 $355 - - -
1977 $311 - - -
1976 $248.9 - - -
1975 $241.2 - - -
1974 $227.2 - - -
1973 $198.6 - - -
1972 $172.6 - - -
1971 $150.9 - - -
1970 $141 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Kenya's GDP per capita is $2,132, ranking 154/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Russia ranks 50th at $47,405.

Economic indicators

Kenya Russia
Gross domestic product
$120B
2024
$2.17T
2024
GDP rank
64/197
2024
11/197
2024
GDP growth
4.72%
2023-2024
4.34%
2023-2024
GDP per capita
$2,132
2024
$15,145
2024
GDP per capita rank
154/197
2024
68/197
2024
GDP per capita, PPP
$6,644
2024
$47,405
2024
GDP per capita PPP rank
149/197
2024
50/197
2024
Government debt
$81B
2024
$440B
2024
Debt-to-GDP ratio
67.3%
2024
20.3%
2024
Government debt per person
$1,436
2024
$3,067
2024
Government debt per person rank
133/185
2024
98/185
2024
Average annual personal income after taxes
$3,229
2026
$10,464
2026
Market capitalization of domestic companies
$15B
2024
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
30.1%
2022
25.1%
2023
Income share by poorest 10%
2.9%
2022
3.1%
2023
Government expenditure, % of GDP
23.3%
2024
36.9%
2024
Consumer prices inflation
4.49%
2023-2024
8.4%
2023-2024
Central bank interest rate
9.25%
2025
16%
2025
Unemployment rate
5.44%
2022
2.43%
2024
Population
58955623
141906741

Spending and national debt comparison by year

Kenya
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Kenya Russia
Government spending Government debt Government spending Government debt
2024 23.3% 67.3% 36.9% 20.3%
2023 22.7% 73.4% 35.7% 19.5%
2022 23.2% 67.8% 35.2% 18.5%
2021 24% 68.2% 34.9% 16.5%
2020 24.8% 68% 39.2% 19.2%
2019 24.4% 59.1% 33.8% 13.7%
2018 24.5% 56.4% 32.6% 13.6%
2017 25.2% 53.9% 34.8% 14.3%
2016 25.4% 50.4% 36.6% 14.8%
2015 23.8% 45.8% 35.3% 15.3%
2014 23.4% 41.3% 34.9% 15.1%
2013 23.2% 39.8% 34.7% 12.3%
2012 22.1% 37.6% 34% 11.2%
2011 20.1% 35.7% 33.3% 10.3%
2010 21.5% 36.7% 35.5% 10.1%
2009 20.3% 36% 38.6% 9.92%
2008 18.9% 34.3% 32% 7.45%
2007 18.1% 34.2% 31.9% 8.03%
2006 17.3% 37.1% 29% 9.8%
2005 16.2% 37.4% 29.5% 14.9%
2004 15.4% 40.8% 29.6% 20.8%
2003 16% 43.8% 32.6% 28.3%
2002 15.7% 42% 33.8% 37.6%
2001 14.9% 41.3% 31.5% 44.4%
2000 14.1% 43.1% 30.7% 55.9%
1999 13.7% 38.4% 34.3% 92.4%
1998 15.3% 38.5% 39.7% 135.2%
1997 15.6% 36% - 51.5%
1996 15.2% 40.5% - 51.9%
1995 17.3% 52.1% - 53.7%
1994 18.8% 57% - 63.5%
1993 18.9% 61.6% - 92.4%
1992 17.6% 41.2% - 116%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Kenya's government spending was $28B, accounting for 23.3% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 67.3% in Kenya and 20.3% in Russia, ranking 64/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Kenya

Russia
1x
Year Deficit/surplus, % of GDP
Kenya Russia
2024 -5.77% -1.6%
2023 -5.71% -2.22%
2022 -6.06% -1.34%
2021 -7.2% 0.78%
2020 -8.13% -3.99%
2019 -7.42% 1.93%
2018 -6.94% 2.92%
2017 -7.4% -1.47%
2016 -7.47% -3.67%
2015 -6.68% -3.39%
2014 -5.75% -1.07%
2013 -5.25% -1.16%
2012 -5.29% 0.38%
2011 -3.64% 1.43%
2010 -3.67% -3.19%
2009 -3.12% -5.89%
2008 -1.95% 4.55%
2007 -0.95% 5.59%
2006 -0.43% 7.8%
2005 -0.19% 7.6%
2004 0.5% 4.57%
2003 -0.73% 1.35%
2002 -1.29% 0.67%
2001 -0.53% 2.99%
2000 0.38% 3.11%
1999 0.84% -3.59%
1998 -0.03% -7.42%
1997 -0.91% -
1996 -0.49% -
1995 -0.23% -
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% -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1989, retrieved 2026-02-20).

GeoRank.org/economy/kenya/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, Kenya recorded a fiscal deficit in 24 of those years, while Russia ran a deficit in 13 years. On average, Kenya posted an annual deficit equal to 3.7% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
Kenya

Russia
1x
Year Consumer prices inflation
Kenya Russia
2024 4.49% 8.4%
2023 7.67% 5.9%
2022 7.66% 13.7%
2021 6.11% 6.7%
2020 5.41% 3.4%
2019 5.24% 4.5%
2018 4.69% 2.9%
2017 8.01% 3.7%
2016 6.3% 7%
2015 6.58% 15.5%
2014 6.88% 7.8%
2013 5.72% 6.8%
2012 9.38% 5.1%
2011 14% 8.4%
2010 3.96% 6.8%
2009 9.23% 11.6%
2008 26.2% 14.1%
2007 9.76% 9%
2006 14.5% 9.7%
2005 10.3% 12.7%
2004 11.6% 10.9%
2003 9.82% 13.7%
2002 1.96% 15.8%
2001 5.74% 21.5%
2000 9.98% 20.8%
1999 5.74% 85.7%
1998 6.72% 27.7%
1997 11.4% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Kenya has recorded an average annual inflation rate of 8.39%, compared with 13.4% in Russia. In 2024, inflation was 4.49% in Kenya and 8.4% in Russia.

Top exports between countries

Kenya
Export category Export value
Raw agricultural goods $47.4M
Processed food, beverages & tobacco $1.17M
Machinery & equipment $297K
Chemicals & pharma $259K
Wood & paper products $250K
Animal & marine products $23K
Raw materials & minerals $23K
Metals $5K
Textiles & consumer goods $5K
Precious metals & jewellery $3K
Russia
Export category Export value
Raw agricultural goods $98.9M
Metals $69.3M
Raw materials & minerals $24.4M
Wood & paper products $23.1M
Processed food, beverages & tobacco $1.98M
Chemicals & pharma $1.8M
IT & IP services $1.14M
Miscellaneous $829K
Machinery & equipment $721K
Transport & tourism services $353K

Balance of trade

Kenya Russia
Current account balance
-$1.55B
2024
$63.4B
2024
Current account balance ranking
134/190
2024
12/190
2024
Current account balance, % of GDP
-1.29%
2024
+2.91%
2024
Goods imports
$22.2B
2024
$302B
2024
Goods exports
$12.5B
2024
$434B
2024
Service imports
$5.64B
2024
$81.5B
2024
Service exports
$8.04B
2024
$43.1B
2024
Imports of goods and services, % of GDP
23.1%
2024
17.6%
2024
Exports of goods and services, % of GDP
17.1%
2024
21.9%
2024

Economic freedom indices

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

Kenya Russia
Economic freedom 55.5 50.3
Economic freedom ranking 128/197 161/197
Property rights 40.2 18.6
Government integrity 32.7 22.8
Judicial effectiveness 47 22.8
Tax burden 76.3 81.9
Government spending 84.1 61.3
Fiscal health 36.2 94.4
Business freedom 61.5 51.4
Labor freedom 56.5 59.1
Monetary freedom 75.1 61.8
Trade freedom 52 69.4
Investment freedom 55 30
Financial freedom 50 30

Economic freedom comparison by year

Kenya
Russia
1x
Year Economic freedom index
Kenya Russia
2026 55.5 50.3
2025 54.8 51.6
2024 53.6 52
2023 52.5 53.8
2022 52.6 56.1
2021 54.9 61.5
2020 55.3 61
2019 55.1 58.9
2018 54.7 58.2
2017 53.5 57.1
2016 57.5 50.6
2015 55.6 52.1
2014 57.1 51.9
2013 55.9 51.1
2012 57.5 50.5
2011 57.4 50.5
2010 57.5 50.3
2009 58.7 50.8
2008 59.3 49.8
2007 59.6 52.2
2006 59.7 52.4
2005 57.9 51.3
2004 57.7 52.8
2003 58.6 50.8
2002 58.2 48.7
2001 57.6 49.8
2000 59.7 51.8
1999 58.2 54.5
1998 58.4 52.8
1997 60.1 48.6
1996 56.4 51.6
1995 54.5 51.1

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

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

The Economic Freedom Index for Kenya is 55.5, ranking 128/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kenya Russia
Services, % of GDP
55.3%
2024
57.5%
2024
Industry, % of GDP
16.5%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
22.5%
2024
2.74%
2024
GNI, Atlas method
$118B
2024
$2.24T
2024
GNI per capita, PPP
$6,540
2024
$46,780
2024
Total reserves including gold
$10.1B
2024
$597B
2023
Total reserves ranking
75/177
2024
6/177
2023
Net foreign direct investment
-$45.8M
2024
$9.37B
2024
Net inflows of foreign direct investment
$463M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$418M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
4.79%
2024
2.65%
2024
Poverty at national poverty lines
39.8%
2022
12.1%
2020
Gross capital formation, % of GDP
16.8%
2024
26.3%
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/russia | 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 (1885–1997, 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 (2020–2024, 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.