Sometimes the number of tracked keywords is higher than the number of keywords you see on the list.
For example, in the image below the tool says 7 out of 200 keywords being tracked, but there are only four on the list.
The reason: there is more than one location added to the project.
When adding a project, if you choose more than one location to track your positions keep in mind that the count of keywords will be multiplied by the number of locations you are tracking. In the example above, one location is tracking four keywords and the other one is tracking three, hence a total of seven tracked keywords.