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Economy of Kenya vs Slovenia compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $120B compared to $73B for Slovenia, ranking 64/197 and 86/197 by economy size, respectively.

Kenya has $81B in government debt (67.3% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Kenya vs Slovenia GDP by year

Kenya
Slovenia
1x
Year GDP, current $
Kenya Slovenia
2024 $120,339,557,906 $72,972,015,197
2023 $107,500,884,685 $69,255,264,238
2022 $114,448,978,153 $59,899,117,741
2021 $109,703,658,905 $61,540,813,362
2020 $100,657,505,751 $53,384,760,135
2019 $100,378,436,207 $53,909,922,736
2018 $92,202,979,985 $53,689,067,640
2017 $82,036,510,877 $48,153,200,135
2016 $74,815,144,164 $44,290,685,824
2015 $70,120,446,897 $42,709,468,275
2014 $68,285,796,514 $49,514,466,380
2013 $61,671,440,408 $47,867,056,859
2012 $56,396,704,672 $46,167,053,954
2011 $46,869,473,151 $51,199,194,599
2010 $45,405,615,064 $47,793,117,241
2009 $42,347,217,913 $49,975,540,955
2008 $35,895,153,328 $55,509,332,322
2007 $31,958,195,182 $47,880,266,543
2006 $25,825,512,284 $39,260,368,837
2005 $18,737,895,513 $35,947,936,824
2004 $16,095,337,094 $34,156,553,313
2003 $14,904,517,650 $29,360,575,032
2002 $13,147,736,899 $23,214,593,516
2001 $12,986,007,426 $20,668,868,707
2000 $12,705,350,098 $20,159,190,702
1999 $12,896,010,459 $22,609,669,084
1998 $14,093,998,844 $22,058,635,314
1997 $13,115,764,358 $20,726,878,752
1996 $12,045,865,396 $21,470,699,363
1995 $9,046,320,255 $21,367,422,159
1994 $7,148,148,564 $16,400,767,070
1993 $5,751,786,643 $14,449,298,372
1992 $8,209,120,763 $14,277,261,541
1991 $8,151,488,783 $14,454,495,059
1990 $8,572,359,038 $19,832,029,087
1989 $8,283,114,514 -
1988 $8,355,380,879 -
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/slovenia | CC BY

GDP per capita in Kenya vs Slovenia by year

Kenya
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kenya Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,132 $6,644 $34,301 $57,186
2023 $1,943 $6,317 $32,660 $56,064
2022 $2,110 $5,883 $28,360 $52,347
2021 $2,061 $5,339 $29,193 $45,914
2020 $1,928 $4,793 $25,392 $41,767
2019 $1,960 $4,687 $25,814 $42,373
2018 $1,836 $4,412 $25,888 $38,620
2017 $1,667 $4,177 $23,303 $36,180
2016 $1,554 $3,917 $21,448 $33,575
2015 $1,489 $3,678 $20,697 $31,336
2014 $1,483 $3,359 $24,013 $30,572
2013 $1,371 $3,106 $23,237 $29,634
2012 $1,285 $2,847 $22,442 $28,787
2011 $1,096 $2,750 $24,941 $28,716
2010 $1,092 $2,635 $23,330 $27,579
2009 $1,048 $2,480 $24,502 $27,229
2008 $916 $2,459 $27,462 $29,461
2007 $840 $2,481 $23,725 $27,468
2006 $700 $2,330 $19,563 $25,571
2005 $523 $2,189 $17,970 $23,682
2004 $464 $2,066 $17,104 $22,588
2003 $443 $1,975 $14,712 $20,916
2002 $403 $1,940 $11,639 $20,004
2001 $411 $1,961 $10,376 $18,763
2000 $415 $1,907 $10,136 $17,892
1999 $434 $1,910 $11,401 $17,007
1998 $488 $1,895 $11,132 $15,994
1997 $467 $1,865 $10,437 $15,257
1996 $441 $1,875 $10,797 $14,284
1995 $340 $1,818 $10,738 $13,637
1994 $276.4 $1,754 $8,244 $13,975
1993 $229 $1,723 $7,255 $12,976
1992 $337 $1,728 $7,151 $12,296
1991 $345 $1,756 $7,229 $12,698
1990 $374 $1,729 $9,925 $13,491
1989 $374 - - -
1988 $391 - - -
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/slovenia | CC BY

Kenya's GDP per capita is $2,132, ranking 154/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 149th at $6,644, while Slovenia ranks 37th at $57,186.

Economic indicators

Kenya Slovenia
Gross domestic product
$120B
2024
$73B
2024
GDP rank
64/197
2024
86/197
2024
GDP growth
4.72%
2023-2024
1.73%
2023-2024
GDP per capita
$2,132
2024
$34,301
2024
GDP per capita rank
154/197
2024
34/197
2024
GDP per capita, PPP
$6,644
2024
$57,186
2024
GDP per capita PPP rank
149/197
2024
37/197
2024
Government debt
$81B
2024
$48.6B
2024
Debt-to-GDP ratio
67.3%
2024
66.6%
2024
Government debt per person
$1,436
2024
$22,842
2024
Government debt per person rank
133/185
2024
29/185
2024
Average annual personal income after taxes
$3,229
2026
$22,215
2026
Market capitalization of domestic companies
$15B
2024
$11.4B
2024
Income share by richest 10%
30.1%
2022
20.6%
2023
Income share by poorest 10%
2.9%
2022
4.1%
2023
Government expenditure, % of GDP
23.3%
2024
46.5%
2024
Consumer prices inflation
4.49%
2023-2024
1.97%
2023-2024
Central bank interest rate
9.25%
2025
n/a
Unemployment rate
5.44%
2022
3.7%
2024
Population
58955623
2124138

Spending and national debt comparison by year

Kenya
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Kenya Slovenia
Government spending Government debt Government spending Government debt
2024 23.3% 67.3% 46.5% 66.6%
2023 22.7% 73.4% 46.4% 68.3%
2022 23.2% 67.8% 47.7% 72.8%
2021 24% 68.2% 49.9% 74.8%
2020 24.8% 68% 51.8% 80.2%
2019 24.4% 59.1% 43.8% 66%
2018 24.5% 56.4% 44.1% 71%
2017 25.2% 53.9% 44.6% 74.9%
2016 25.4% 50.4% 46.9% 79.4%
2015 23.8% 45.8% 49.5% 83.4%
2014 23.4% 41.3% 50.6% 81.1%
2013 23.2% 39.8% 57.7% 70.8%
2012 22.1% 37.6% 50% 54.1%
2011 20.1% 35.7% 51.4% 46.8%
2010 21.5% 36.7% 50.7% 38.6%
2009 20.3% 36% 50% 34.9%
2008 18.9% 34.3% 45.2% 21.9%
2007 18.1% 34.2% 43.5% 22.9%
2006 17.3% 37.1% 45.7% 26.2%
2005 16.2% 37.4% 46.7% 26.6%
2004 15.4% 40.8% 46.9% 27.1%
2003 16% 43.8% 47.6% 27%
2002 15.7% 42% 47.8% 27.7%
2001 14.9% 41.3% 49.2% 26.3%
2000 14.1% 43.1% 47.8% 26.1%
1999 13.7% 38.4% 47.2% 23.8%
1998 15.3% 38.5% 46.4% 22.8%
1997 15.6% 36% 45.4% 22.1%
1996 15.2% 40.5% 45.2% 21.6%
1995 17.3% 52.1% 53% 18.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-02-20).

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

In 2024, Kenya's government spending was $28B, accounting for 23.3% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 67.3% in Kenya and 66.6% in Slovenia, ranking 64/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Kenya

Slovenia
1x
Year Deficit/surplus, % of GDP
Kenya Slovenia
2024 -5.77% -0.93%
2023 -5.71% -2.59%
2022 -6.06% -3.02%
2021 -7.2% -4.61%
2020 -8.13% -7.68%
2019 -7.42% 0.68%
2018 -6.94% 0.9%
2017 -7.4% 0.05%
2016 -7.47% -2%
2015 -6.68% -2.84%
2014 -5.75% -4.53%
2013 -5.25% -11.2%
2012 -5.29% -4.2%
2011 -3.64% -6.69%
2010 -3.67% -5.56%
2009 -3.12% -5.87%
2008 -1.95% -1.44%
2007 -0.95% -0.08%
2006 -0.43% -1.26%
2005 -0.19% -1.38%
2004 0.5% -1.98%
2003 -0.73% -2.66%
2002 -1.29% -2.47%
2001 -0.53% -4.58%
2000 0.38% -3.77%
1999 0.84% -3.04%
1998 -0.03% -2.39%
1997 -0.91% -2.37%
1996 -0.49% -1.16%
1995 -0.23% -8.19%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/kenya/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Kenya recorded a fiscal deficit in 27 of those years, while Slovenia ran a deficit in 27 years. On average, Kenya posted an annual deficit equal to 3.38% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Kenya

Slovenia
1x
Year Consumer prices inflation
Kenya Slovenia
2024 4.49% 1.97%
2023 7.67% 7.45%
2022 7.66% 8.83%
2021 6.11% 1.92%
2020 5.41% -0.05%
2019 5.24% 1.63%
2018 4.69% 1.74%
2017 8.01% 1.43%
2016 6.3% -0.05%
2015 6.58% -0.53%
2014 6.88% 0.2%
2013 5.72% 1.77%
2012 9.38% 2.6%
2011 14% 1.8%
2010 3.96% 1.8%
2009 9.23% 0.84%
2008 26.2% 5.65%
2007 9.76% 3.66%
2006 14.5% 2.46%
2005 10.3% 2.45%
2004 11.6% 3.59%
2003 9.82% 5.54%
2002 1.96% 7.48%
2001 5.74% 8.38%
2000 9.98% 8.91%
1999 5.74% 6.16%
1998 6.72% 7.89%
1997 11.4% 8.36%

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

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

Over the past 28 years, Kenya has recorded an average annual inflation rate of 8.39%, compared with 3.71% in Slovenia. In 2024, inflation was 4.49% in Kenya and 1.97% in Slovenia.

Top exports between countries

Kenya
Export category Export value
Chemicals & pharma $127K
Processed food, beverages & tobacco $41K
Textiles & consumer goods $37K
Precious metals & jewellery $8K
Machinery & equipment $5K
Raw agricultural goods $5K
Animal & marine products $3K
Wood & paper products $1K
Slovenia
Export category Export value
Wood & paper products $1.07M
Machinery & equipment $854K
Chemicals & pharma $325K
Animal & marine products $129K
Raw materials & minerals $81K
Textiles & consumer goods $62K
Miscellaneous $32K
Metals $14K
Processed food, beverages & tobacco $14K
Raw agricultural goods $1K

Balance of trade

Kenya Slovenia
Current account balance
-$1.55B
2024
$3.32B
2024
Current account balance ranking
134/190
2024
37/190
2024
Current account balance, % of GDP
-1.29%
2024
+4.55%
2024
Goods imports
$22.2B
2024
$45.2B
2024
Goods exports
$12.5B
2024
$45.6B
2024
Service imports
$5.64B
2024
$9.52B
2024
Service exports
$8.04B
2024
$13.6B
2024
Imports of goods and services, % of GDP
23.1%
2024
74.7%
2024
Exports of goods and services, % of GDP
17.1%
2024
80.9%
2024

Economic freedom indices

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

Kenya Slovenia
Economic freedom 55.5 69.7
Economic freedom ranking 128/197 40/197
Property rights 40.2 87.6
Government integrity 32.7 66.1
Judicial effectiveness 47 91.6
Tax burden 76.3 55.5
Government spending 84.1 34.1
Fiscal health 36.2 83.5
Business freedom 61.5 78.7
Labor freedom 56.5 62.7
Monetary freedom 75.1 77.5
Trade freedom 52 79.4
Investment freedom 55 70
Financial freedom 50 50

Economic freedom comparison by year

Kenya
Slovenia
1x
Year Economic freedom index
Kenya Slovenia
2026 55.5 69.7
2025 54.8 68.3
2024 53.6 65.9
2023 52.5 68.5
2022 52.6 70.5
2021 54.9 68.3
2020 55.3 67.8
2019 55.1 65.5
2018 54.7 64.8
2017 53.5 59.2
2016 57.5 60.6
2015 55.6 60.3
2014 57.1 62.7
2013 55.9 61.7
2012 57.5 62.9
2011 57.4 64.6
2010 57.5 64.7
2009 58.7 62.9
2008 59.3 60.2
2007 59.6 59.6
2006 59.7 61.9
2005 57.9 59.6
2004 57.7 59.2
2003 58.6 57.7
2002 58.2 57.8
2001 57.6 61.8
2000 59.7 58.3
1999 58.2 61.3
1998 58.4 60.7
1997 60.1 55.6
1996 56.4 50.4
1995 54.5 -

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

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

The Economic Freedom Index for Kenya is 55.5, ranking 128/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kenya Slovenia
Services, % of GDP
55.3%
2024
57.9%
2024
Industry, % of GDP
16.5%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
22.5%
2024
1.54%
2024
GNI, Atlas method
$118B
2024
$67.6B
2024
GNI per capita, PPP
$6,540
2024
$56,520
2024
Total reserves including gold
$10.1B
2024
$2.83B
2024
Total reserves ranking
75/177
2024
118/177
2024
Net foreign direct investment
-$45.8M
2024
-$405M
2024
Net inflows of foreign direct investment
$463M
2024
$1.87B
2024
Net outflows of foreign direct investment
$418M
2024
$1.46B
2024
Servicing debt to the IMF, % of GNI
4.79%
2024
n/a
Poverty at national poverty lines
39.8%
2022
12.7%
2022
Gross capital formation, % of GDP
16.8%
2024
21.5%
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/slovenia | 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 (2022–2024, 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.