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Economy of Kenya vs Suriname compared: GDP & Debt

Updated on by Georank team

Kenya has a GDP of $124B compared to $4.71B for Suriname, ranking 64/197 and 164/197 by economy size, respectively.

Kenya has $81.7B in government debt (68.3% of GDP), compared to $4.11B (86.6% of GDP) in Suriname.

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 $
Suriname
GDP, current $

GDP, constant 2015 $
Year GDP
Kenya Suriname
Current $ Constant $ Current $ Constant $
1960 $791,265,459 $6,102,055,404 $99,650,000 $1,039,858,389
1961 $792,959,473 $5,627,642,874 $107,700,000 $1,089,771,592
1962 $868,111,401 $6,159,869,250 $116,150,000 $1,132,272,684
1963 $926,589,349 $6,700,603,529 $125,950,000 $1,195,679,954
1964 $998,759,334 $7,033,252,800 $134,400,000 $1,273,399,151
1965 $997,919,321 $7,174,557,472 $154,150,000 $1,426,207,049
1966 $1,164,519,674 $8,231,266,933 $190,350,000 $1,700,038,803
1967 $1,232,559,507 $8,507,938,914 $220,700,000 $1,905,743,498
1968 $1,353,295,459 $9,187,101,300 $241,350,000 $2,050,580,004
1969 $1,458,379,417 $9,918,323,314 $259,650,000 $2,142,856,104
1970 $1,603,447,359 $9,456,581,037 $274,900,000 $2,200,713,219
1971 $1,778,391,289 $11,553,473,096 $301,000,000 $2,286,541,034
1972 $2,107,279,157 $13,527,086,975 $311,950,000 $2,272,821,788
1973 $2,509,001,324 $14,324,722,508 $339,450,000 $2,231,910,996
1974 $2,969,958,812 $14,907,110,912 $409,850,000 $2,240,838,640
1975 $3,259,345,083 $15,038,621,918 $465,500,000 $2,303,582,122
1976 $3,474,542,392 $15,362,548,496 $505,500,000 $2,506,297,349
1977 $4,494,378,764 $16,814,892,774 $641,500,000 $2,761,939,678
1978 $5,303,735,111 $17,977,221,152 $735,500,000 $2,944,227,697
1979 $6,234,391,113 $19,346,227,179 $782,500,000 $2,926,562,331
1980 $7,265,315,820 $20,428,063,600 $795,000,000 $2,669,024,846
1981 $6,854,491,706 $21,198,925,608 $889,000,000 $2,858,525,610
1982 $6,431,579,357 $21,518,282,813 $915,000,000 $2,738,467,534
1983 $5,979,198,314 $21,799,967,946 $883,500,000 $2,631,667,300
1984 $6,191,437,070 $22,182,604,684 $864,000,000 $2,581,665,621
1985 $6,135,034,214 $23,136,581,312 $873,000,000 $2,633,298,934
1986 $7,239,126,568 $24,797,222,251 $891,000,000 $2,654,365,325
1987 $7,970,820,369 $26,269,459,979 $980,000,000 $2,489,794,675
1988 $8,355,380,879 $27,899,002,871 $1,161,000,000 $2,683,998,660
1989 $8,283,114,514 $29,207,563,409 $542,600,000 $2,796,726,603
1990 $8,572,359,038 $30,431,959,354 $388,400,000 $2,670,873,906
1991 $8,151,488,783 $30,869,676,465 $448,100,000 $2,742,987,479
1992 $8,209,120,763 $30,622,875,267 $404,600,000 $2,753,959,429
1993 $5,751,786,643 $30,731,034,422 $428,764,706 $2,569,444,198
1994 $7,148,148,564 $31,540,116,339 $605,492,537 $2,656,805,273
1995 $9,046,320,255 $32,929,842,157 $691,590,498 $2,656,805,273
1996 $12,045,865,396 $34,295,389,782 $861,372,806 $2,683,373,358
1997 $13,115,764,358 $34,458,259,247 $926,422,500 $2,836,325,577
1998 $14,093,998,844 $35,592,009,622 $1,110,850,000 $2,901,561,112
1999 $12,896,010,459 $36,412,543,752 $886,290,698 $2,860,939,243
2000 $12,705,350,098 $36,630,908,099 $947,671,970 $2,921,018,935
2001 $12,986,007,426 $38,015,522,174 $834,279,358 $3,043,701,742
2002 $13,147,736,899 $38,223,413,680 $1,093,574,468 $3,128,925,412
2003 $14,904,517,650 $39,344,305,939 $1,274,190,311 $3,326,047,695
2004 $16,095,337,094 $41,352,557,259 $1,484,092,538 $3,608,761,755
2005 $18,737,895,513 $43,795,114,732 $1,793,410,397 $3,771,156,042
2006 $25,825,512,284 $46,629,751,037 $2,626,380,435 $3,989,639,611
2007 $31,958,195,182 $49,824,229,273 $2,936,612,022 $4,193,569,552
2008 $35,895,153,328 $49,939,962,360 $3,532,969,035 $4,367,326,198
2009 $42,347,217,913 $51,591,446,860 $3,875,409,836 $4,498,944,264
2010 $45,405,615,064 $55,748,929,986 $4,368,370,998 $4,731,486,826
2011 $46,869,473,151 $58,603,891,851 $4,422,276,622 $5,008,248,887
2012 $56,396,704,672 $61,281,315,912 $4,980,000,000 $5,142,988,298
2013 $61,671,440,408 $63,608,687,383 $5,145,757,576 $5,293,854,859
2014 $68,285,796,514 $66,801,914,097 $5,240,606,061 $5,307,380,819
2015 $70,120,446,897 $70,120,446,897 $5,126,237,646 $5,126,237,646
2016 $74,815,144,164 $73,074,983,895 $3,317,421,648 $4,874,454,256
2017 $82,036,510,877 $75,879,571,212 $3,591,679,431 $4,950,790,054
2018 $92,202,979,985 $80,165,208,728 $3,996,198,867 $5,195,768,566
2019 $100,378,436,207 $84,264,984,851 $4,016,040,575 $5,256,433,829
2020 $100,657,505,751 $84,035,138,347 $2,911,807,496 $4,416,708,447
2021 $109,703,658,905 $90,413,816,677 $3,107,923,198 $4,309,144,555
2022 $114,448,978,153 $94,807,911,028 $3,791,603,200 $4,412,832,155
2023 $108,038,588,971 $100,075,318,171 $3,455,146,281 $4,524,898,973
2024 $124,498,691,699 $104,575,203,136 $4,714,267,822 $4,653,387,372

Economic indicators

Kenya Suriname
Gross domestic product
$124B
2024
$4.71B
2024
GDP rank
64/197
2024
164/197
2024
GDP growth
15.2%
2023-2024
36.4%
2023-2024
GDP per capita
$2,206
2024
$7,431
2024
GDP per capita rank
152/197
2024
101/197
2024
GDP per capita, PPP
$6,619
2024
$22,067
2024
Government debt
$81.7B
2024
$4.11B
2024
Debt-to-GDP ratio
68.3%
2025
86.6%
2025
Government debt per person
$1,447
2024
$6,481
2024
Government debt per person rank
131/185
2024
71/185
2024
Average annual personal income after taxes
$2,811
2025
$3,252
2025
Market capitalization of domestic companies
$15B
2024
n/a
Income share by richest 10%
30.1%
2022
30.1%
2022
Income share by poorest 10%
2.9%
2022
2.2%
2022
Government expenditure, % of GDP
23%
2025
29.2%
2025
Consumer prices inflation
4.49%
2023-2024
16.2%
2023-2024
Central bank interest rate
9.5%
2025
10%
2013
Unemployment rate
5.44%
2022
7.92%
2016
Population
58419239
644193

GDP per capita in Kenya vs Suriname

Kenya's GDP per capita is $2,206, ranking 152/197, compared to $7,431 in Suriname, ranking 101/197. Adjusted for purchasing power (GDP per capita PPP), Kenya ranks 148th at $6,619, while Suriname ranks 87th at $22,067.

Kenya
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
Year Current $
Kenya Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $102.8 - $378 -
1961 $99.3 - $395 -
1962 $104.6 - $409 -
1963 $107.4 - $424 -
1964 $111.3 - $435 -
1965 $106.9 - $482 -
1966 $119.8 - $575 -
1967 $121.9 - $644 -
1968 $128.7 - $681 -
1969 $133.3 - $708 -
1970 $141 - $724 -
1971 $150.9 - $768 -
1972 $172.6 - $785 -
1973 $198.6 - $858 -
1974 $227.2 - $1,041 -
1975 $241.2 - $1,190 -
1976 $248.9 - $1,302 -
1977 $311 - $1,666 -
1978 $355 - $1,928 -
1979 $403 - $2,072 -
1980 $454 - $2,118 -
1981 $413 - $2,368 -
1982 $374 - $2,430 -
1983 $335 - $2,333 -
1984 $334 - $2,261 -
1985 $320 - $2,256 -
1986 $364 - $2,271 -
1987 $387 - $2,469 -
1988 $391 - $2,886 -
1989 $374 - $1,329 -
1990 $374 $1,729 $942 $6,493
1991 $345 $1,756 $1,080 $6,852
1992 $337 $1,728 $969 $6,992
1993 $229 $1,723 $1,022 $6,650
1994 $276.4 $1,754 $1,434 $6,973
1995 $340 $1,818 $1,610 $7,000
1996 $441 $1,875 $1,963 $7,048
1997 $467 $1,865 $2,068 $7,422
1998 $488 $1,895 $2,429 $7,521
1999 $434 $1,910 $1,898 $7,367
2000 $415 $1,907 $1,988 $7,535
2001 $411 $1,961 $1,715 $7,865
2002 $403 $1,940 $2,202 $8,046
2003 $443 $1,975 $2,516 $8,552
2004 $464 $2,066 $2,888 $9,389
2005 $523 $2,189 $3,453 $10,014
2006 $700 $2,330 $5,003 $10,803
2007 $840 $2,481 $5,530 $11,530
2008 $916 $2,459 $6,576 $12,097
2009 $1,048 $2,480 $7,130 $12,393
2010 $1,092 $2,635 $7,944 $13,039
2011 $1,096 $2,750 $7,950 $13,926
2012 $1,285 $2,847 $8,851 $15,185
2013 $1,371 $3,106 $9,043 $16,173
2014 $1,483 $3,359 $9,108 $16,598
2015 $1,489 $3,678 $8,814 $16,544
2016 $1,554 $3,917 $5,644 $14,475
2017 $1,667 $4,177 $6,050 $17,568
2018 $1,836 $4,412 $6,666 $17,855
2019 $1,960 $4,687 $6,630 $19,772
2020 $1,928 $4,793 $4,755 $16,947
2021 $2,061 $5,339 $5,030 $18,458
2022 $2,110 $5,883 $6,084 $20,079
2023 $1,952 $6,307 $5,494 $21,136
2024 $2,206 $6,619 $7,431 $22,067

Spending and national debt comparison

In 2024, Kenya's government spending was $28.5B, accounting for 23% of its GDP, while Suriname's spent $1.38B, or 29.2% of GDP.

Debt-to-GDP ratio is 68.3% in Kenya and 86.6% in Suriname, ranking 60/185 and 37/185, respectively.

Kenya
Government spending

Government debt
Suriname
Government spending

Government debt
Year % of GDP
Kenya Suriname
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% 22.7% 72.9%
1991 16.4% 43% 26.6% 75.7%
1992 17.6% 41.2% 24.4% 64.4%
1993 18.9% 61.6% 21.2% 51.1%
1994 18.8% 57% 19.8% 30.5%
1995 17.3% 52.1% 20.2% 16.3%
1996 15.2% 40.5% 21.4% 11.8%
1997 15.6% 36% 21.1% 16.8%
1998 15.3% 38.5% 30.3% 21.6%
1999 13.7% 38.4% 19.6% 32.3%
2000 14.1% 43.1% 24.4% 48.4%
2001 14.9% 41.3% 21.8% 37.2%
2002 15.7% 42% 22.2% 37.4%
2003 16% 43.8% 19.2% 31.5%
2004 15.4% 40.8% 20.8% 29.4%
2005 16.2% 37.4% 22.2% 27.1%
2006 17.3% 37.1% 22.2% 22.5%
2007 18.1% 34.2% 22.6% 16.4%
2008 18.9% 34.3% 20.5% 14.8%
2009 20.3% 36% 24% 14.6%
2010 21.5% 36.7% 21% 17.3%
2011 20.1% 35.7% 21% 18.7%
2012 22.1% 37.6% 26.7% 20.1%
2013 23.2% 39.8% 26.9% 27.9%
2014 23.4% 41.3% 27.2% 25.2%
2015 23.8% 45.8% 29.1% 41.2%
2016 25.4% 50.4% 27.1% 75.4%
2017 25.2% 53.9% 27.2% 73%
2018 24.5% 56.4% 26.2% 68.6%
2019 24.4% 59.1% 40.5% 84%
2020 24.8% 68% 30.2% 146.4%
2021 24% 68.2% 32.1% 115.8%
2022 23.2% 67.8% 29.5% 116.9%
2023 22.6% 73% 29% 98.2%
2024 22.9% 65.6% 29.2% 87.2%
2025 23% 68.3% 29.2% 86.6%

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 Suriname's deficit of -$115M, or -2.43% of GDP.

Over the past 35 years, Kenya recorded a fiscal deficit in 32 of those years, while Suriname ran a deficit in 27 years. On average, Kenya posted an annual deficit equal to -3.77% of GDP, compared to deficit of -3.34% of GDP for Suriname.

Deficit/surplus
Kenya

Suriname
Year Deficit/surplus, % of GDP
Kenya Suriname
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% -3.04%
1991 -6.56% -9.8%
1992 -8.28% -6.45%
1993 -8.57% -4.68%
1994 -4.14% -1.89%
1995 -0.23% 1.17%
1996 -0.49% 3.42%
1997 -0.91% -0.32%
1998 -0.03% -6.39%
1999 0.84% -4.92%
2000 0.38% -7.76%
2001 -0.53% 3.49%
2002 -1.29% -3.3%
2003 -0.73% -0.11%
2004 0.5% -1.2%
2005 -0.19% -3.39%
2006 -0.43% 0.59%
2007 -0.95% 5.01%
2008 -1.95% 2.39%
2009 -3.12% 2.03%
2010 -3.67% -0.15%
2011 -3.64% 2.32%
2012 -5.29% -1.97%
2013 -5.25% -3.33%
2014 -5.75% -4.69%
2015 -6.68% -7.55%
2016 -7.47% -9.34%
2017 -7.4% -7.08%
2018 -6.94% -5.25%
2019 -7.42% -20.2%
2020 -8.13% -12%
2021 -7.2% -5.69%
2022 -6.06% -2.69%
2023 -5.69% -1.68%
2024 -5.51% -2.43%
2025 -5.38% -1.18%

Inflation comparison by year

Over the past 29 years, Kenya has recorded an average annual inflation rate of 8.41%, compared with 23.9% in Suriname. In 2024, inflation was 4.49% in Kenya and 16.2% in Suriname.

Inflation
Kenya

Suriname
Year Inflation
Kenya Suriname Kenya Suriname
1996 8.86% -0.7%
1997 11.4% 7.15%
1998 6.72% 19%
1999 5.74% 98.8%
2000 9.98% 59.4%
2001 5.74% 38.6%
2002 1.96% 15.5%
2003 9.82% 23%
2004 11.6% 9.99%
2005 10.3% 9.9%
2006 14.5% 11.3%
2007 9.76% 6.43%
2008 26.2% 14.7%
2009 9.23% -0.13%
2010 3.96% 6.94%
2011 14% 17.7%
2012 9.38% 5.01%
2013 5.72% 1.92%
2014 6.88% 3.38%
2015 6.58% 6.89%
2016 6.3% 55.4%
2017 8.01% 22%
2018 4.69% -
2019 5.24% -
2020 5.41% 34.9%
2021 6.11% 59.1%
2022 7.66% 52.4%
2023 7.67% 51.6%
2024 4.49% 16.2%

Top exports between countries

Kenya
Export category Export value
Processed food, beverages & tobacco $10K
Raw agricultural goods $1K
Textiles & consumer goods $1K
Suriname
Export category Export value

Balance of trade

Kenya Suriname
Current account balance
-$1.55B
2024
$9.31M
2024
Current account balance ranking
133/189
2024
72/189
2024
Current account balance, % of GDP
-1.24%
2024
+0.2%
2024
Goods imports
$22.2B
2024
$1.65B
2024
Goods exports
$12.5B
2024
$2.58B
2024
Service imports
$5.64B
2024
$921M
2024
Service exports
$8.04B
2024
$211M
2024
Imports of goods and services, % of GDP
19.2%
2024
38.4%
2010
Exports of goods and services, % of GDP
11.1%
2024
52.5%
2010

Economic freedom indices

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

Kenya Suriname
Economic freedom 54.8 50.9
Economic freedom ranking 132/197 161/197
Property rights 41.8 42.1
Government integrity 31.5 39.7
Judicial effectiveness 48 43.1
Tax burden 77 69.1
Government spending 83.7 74
Fiscal health 25.1 66.1
Business freedom 58.9 57.6
Labor freedom 57.3 69
Monetary freedom 72.6 44.1
Trade freedom 56.6 65.4
Investment freedom 55 20
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Kenya is 54.8, ranking 132/197, compared to 50.9 for Suriname, ranking 161/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kenya
Suriname
Year Economic freedom index
Kenya Suriname
1995 54.5 -
1996 56.4 36.7
1997 60.1 35.9
1998 58.4 39.9
1999 58.2 40.1
2000 59.7 45.8
2001 57.6 44.3
2002 58.2 48
2003 58.6 46.9
2004 57.7 47.9
2005 57.9 51.9
2006 59.7 55.1
2007 59.6 54.8
2008 59.3 54.3
2009 58.7 54.1
2010 57.5 52.5
2011 57.4 53.1
2012 57.5 52.6
2013 55.9 52
2014 57.1 54.2
2015 55.6 54.2
2016 57.5 53.8
2017 53.5 48
2018 54.7 48.1
2019 55.1 48.1
2020 55.3 49.5
2021 54.9 46.4
2022 52.6 48.1
2023 52.5 46.1
2024 53.6 46.7
2025 54.8 50.9

More economic indicators

Kenya Suriname
Services, % of GDP
55.9%
2024
48.3%
2023
Industry, % of GDP
16.1%
2024
39.9%
2023
Agriculture, forestry, and fishing, % of GDP
21.3%
2024
7.47%
2023
GNI, Atlas method
$119B
2024
$3.72B
2024
GNI per capita, PPP
$6,520
2024
$20,350
2024
Total reserves including gold
$10.1B
2024
$1.63B
2024
Total reserves ranking
75/177
2024
132/177
2024
Net foreign direct investment
-$45.8M
2024
$26.5M
2024
Net inflows of foreign direct investment
$463M
2024
-$37.6M
2024
Net outflows of foreign direct investment
$418M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
3.65%
2023
20.6%
2023
Poverty at national poverty lines
39.8%
2022
70%
2020
Gross capital formation, % of GDP
16.8%
2024
36.2%
2010

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.