Kenya: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Kenya |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -7.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1982 - 2023 |
| Average | -4.39 |
| Min - Max | -11.42 - 0.64 |
| Source | African Development Bank |
The latest value from 2023 is -7 percent, a decline from -6.3 percent in 2022. In comparison, the world average is -3.18 percent, based on data from 123 countries. Historically, the average for Kenya from 1982 to 2023 is -4.39 percent. The minimum value, -11.42 percent, was reached in 1993 while the maximum of 0.64 percent was recorded in 1999.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.27 | 2022 | percent |
| Government spending, in dollars | 13.20 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -7.00 | 2023 | percent |
| Government debt | 70.10 | 2023 | percent |
| Tax revenue | 13.26 | 2021 | percent |
| Commercial tax rate | 37.20 | 2019 | percent |
| Tax preparation time | 180 | 2019 | hours |
| Number of taxes | 24 | 2019 | taxes |
| Taxes on goods and services | 32.06 | 2021 | percent |
| Taxes on international trade | 7.83 | 2021 | percent |
| Income and profits taxes | 30.76 | 2021 | percent |
| Foreign aid | 3,142.90 | 2021 | million U.S. dollars |