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Economy of China vs Senegal compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $32.8B for Senegal, ranking 2/197 and 109/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

China vs Senegal GDP by year

China
Senegal
1x
Year GDP, current $
China Senegal
2024 $18,743,803,170,827 $32,808,056,601
2023 $18,270,356,654,533 $30,696,331,296
2022 $18,316,765,021,690 $27,783,332,223
2021 $18,201,698,719,564 $27,520,784,130
2020 $14,996,414,166,715 $24,530,513,038
2019 $14,560,167,101,283 $23,403,995,992
2018 $14,147,765,772,964 $23,116,701,556
2017 $12,537,559,062,283 $20,996,562,944
2016 $11,456,024,084,962 $19,040,312,333
2015 $11,280,814,787,469 $17,774,766,696
2014 $10,674,533,168,257 $19,797,253,440
2013 $9,743,124,247,267 $18,918,667,725
2012 $8,673,664,713,189 $17,660,870,412
2011 $7,671,757,207,851 $17,814,283,639
2010 $6,192,564,874,453 $16,121,315,909
2009 $5,189,577,094,998 $16,145,867,495
2008 $4,667,346,414,522 $16,853,989,628
2007 $3,604,055,822,572 $13,994,218,413
2006 $2,791,498,472,804 $11,697,918,243
2005 $2,317,551,298,052 $11,009,033,438
2004 $1,984,196,551,300 $10,076,816,667
2003 $1,683,903,309,844 $8,768,721,563
2002 $1,489,821,682,051 $7,006,402,320
2001 $1,355,036,590,252 $6,507,824,829
2000 $1,223,754,919,971 $6,013,185,004
1999 $1,103,843,203,576 $6,592,834,933
1998 $1,037,134,141,760 $6,505,607,909
1997 $967,753,570,435 $6,041,478,726
1996 $868,523,936,530 $6,559,712,166
1995 $738,190,896,228 $6,326,342,633
1994 $566,929,539,493 $5,034,588,196
1993 $446,557,291,212 $7,367,986,241
1992 $428,502,354,788 $7,769,817,840
1991 $384,510,452,962 $7,255,210,470
1990 $361,560,229,446 $7,390,967,360
1989 $348,380,566,802 $6,366,039,373
1988 $312,888,888,889 $6,418,419,389
1987 $273,455,156,951 $6,487,353,103
1986 $301,310,144,928 $5,392,093,446
1985 $310,064,625,850 $3,818,944,918
1984 $260,442,857,143 $3,485,165,432
1983 $231,130,268,199 $3,569,356,125
1982 $205,480,916,031 $4,013,951,443
1981 $196,218,253,968 $4,095,892,781
1980 $191,487,500,000 $4,510,108,291
1979 $178,573,913,043 $4,084,877,823
1978 $149,788,617,886 $3,280,354,921
1977 $175,226,595,860 $2,938,046,463
1976 $154,196,810,059 $2,869,777,884
1975 $163,687,619,736 $2,830,388,405
1974 $144,418,433,058 $2,099,325,229
1973 $138,764,340,892 $1,863,398,590
1972 $113,871,930,714 $1,620,857,104
1971 $99,959,013,880 $1,339,549,033
1970 $92,752,930,873 $1,297,407,655
1969 $79,847,786,729 $1,245,234,931
1968 $70,980,323,819 $1,309,384,862
1967 $73,011,350,596 $1,246,480,766
1966 $76,854,053,259 $1,246,908,186
1965 $70,565,994,356 $1,210,058,228
1964 $59,821,862,703 $1,188,930,645
1963 $50,812,227,919 $1,122,139,862
1962 $47,310,737,754 $1,085,475,791
1961 $50,162,299,350 $1,058,975,257
1960 $59,846,235,025 $1,003,692,370

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/senegal | CC BY

GDP per capita in China vs Senegal by year

China
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $1,773 $5,071
2023 $12,951 $25,179 $1,698 $4,778
2022 $12,971 $23,032 $1,574 $4,530
2021 $12,887 $20,843 $1,598 $4,174
2020 $10,627 $18,267 $1,461 $3,753
2019 $10,343 $17,601 $1,431 $3,648
2018 $10,086 $16,298 $1,453 $3,380
2017 $8,980 $15,022 $1,357 $3,234
2016 $8,255 $14,157 $1,266 $3,101
2015 $8,175 $13,463 $1,218 $2,994
2014 $7,781 $12,942 $1,399 $2,854
2013 $7,147 $12,228 $1,380 $2,769
2012 $6,405 $11,420 $1,327 $2,764
2011 $5,704 $10,457 $1,375 $2,685
2010 $4,629 $9,411 $1,276 $2,663
2009 $3,898 $8,448 $1,309 $2,606
2008 $3,523 $7,713 $1,399 $2,581
2007 $2,735 $6,935 $1,189 $2,499
2006 $2,129 $5,946 $1,017 $2,422
2005 $1,778 $5,148 $980 $2,350
2004 $1,531 $4,505 $918 $2,236
2003 $1,307 $4,007 $818 $2,131
2002 $1,164 $3,591 $669 $2,027
2001 $1,065 $3,258 $637 $2,044
2000 $969 $2,964 $603 $1,963
1999 $881 $2,690 $678 $1,893
1998 $835 $2,483 $685 $1,798
1997 $787 $2,297 $651 $1,719
1996 $713 $2,088 $723 $1,679
1995 $613 $1,884 $715 $1,656
1994 $476 $1,680 $584 $1,578
1993 $379 $1,471 $878 $1,588
1992 $368 $1,276 $951 $1,573
1991 $334 $1,105 $913 $1,561
1990 $319 $991 $957 $1,513
1989 $311 - $849 -
1988 $284 - $880 -
1987 $252.3 - $916 -
1986 $282.4 - $784 -
1985 $295 - $571 -
1984 $251.2 - $536 -
1983 $225.9 - $564 -
1982 $203.7 - $652 -
1981 $197.4 - $683 -
1980 $195.1 - $772 -
1979 $184.3 - $716 -
1978 $156.7 - $589 -
1977 $185.7 - $540 -
1976 $165.7 - $541 -
1975 $178.6 - $547 -
1974 $160.4 - $417 -
1973 $157.3 - $381 -
1972 $132.1 - $342 -
1971 $118.8 - $291.1 -
1970 $113.3 - $290.5 -
1969 $100.3 - $287.3 -
1968 $91.6 - $311 -
1967 $96.8 - $305 -
1966 $104.5 - $315 -
1965 $98.7 - $314 -
1964 $85.7 - $318 -
1963 $74.5 - $309 -
1962 $71.1 - $307 -
1961 $76 - $308 -
1960 $89.7 - $300 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/senegal | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Senegal ranks 158th at $5,071.

Economic indicators

China Senegal
Gross domestic product
$18.7T
2024
$32.8B
2024
GDP rank
2/197
2024
109/197
2024
GDP growth
4.98%
2023-2024
6.06%
2023-2024
GDP per capita
$13,303
2024
$1,773
2024
GDP per capita rank
76/197
2024
159/197
2024
GDP per capita, PPP
$27,105
2024
$5,071
2024
GDP per capita PPP rank
77/197
2024
158/197
2024
Government debt
$16.6T
2024
$42.1B
2024
Debt-to-GDP ratio
88.3%
2024
128.4%
2024
Government debt per person
$11,749
2024
$2,277
2024
Government debt per person rank
47/185
2024
115/185
2024
Average annual personal income after taxes
$9,826
2026
$2,194
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
28.8%
2021
Income share by poorest 10%
3.1%
2022
3%
2021
Government expenditure, % of GDP
32.9%
2024
33.5%
2024
Consumer prices inflation
0.2%
2023-2024
0.8%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
5.78%
2024
Population
1402578808
19491599

Spending and national debt comparison by year

China
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
China Senegal
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 33.5% 128.4%
2023 32.7% 82% 35.5% 118.4%
2022 32.6% 75.5% 36.2% 105%
2021 31.9% 70.1% 33.6% 98.6%
2020 34.8% 69% 29.6% 90.2%
2019 33.6% 59.4% 34.3% 81.5%
2018 32.6% 55.6% 22.6% 61.5%
2017 32% 53.9% 22.5% 61.1%
2016 31.7% 49.7% 24% 47.5%
2015 31% 40.8% 22.9% 44.5%
2014 28.4% 39.3% 23.1% 42.4%
2013 28.1% 36.4% 22.1% 36.9%
2012 27.7% 33.8% 23% 34.5%
2011 26.6% 33.2% 23.3% 32.9%
2010 24.7% 33.3% 21.7% 34.6%
2009 25.2% 34% 21.1% 29.9%
2008 22.2% 26.7% 20.9% 19.1%
2007 17.9% 28.7% 22.2% 19%
2006 18.1% 25.2% 21.3% 17.5%
2005 18% 25.9% 18.7% 36.1%
2004 17.6% 26% 18.1% 38%
2003 18% 26.4% 17.1% 42.9%
2002 18.2% 25.6% 15.5% 52%
2001 17.2% 24.3% 15.7% 53.2%
2000 16.1% 22.7% 14% 57.5%
1999 14.9% 21.6% 14.6% 15%
1998 12.6% 20.4% 13.5% 18.8%
1997 11.5% 20.4% 14.1% 67.8%
1996 11% 21.2% 15.4% 0.07%
1995 11.1% 21.4% 14.4% 65.3%
1994 12.4% - 15.9% 77.3%
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1995, retrieved 2026-02-20).

GeoRank.org/economy/china/senegal | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 88.3% in China and 128.4% in Senegal, ranking 34/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
China

Senegal
1x
Year Deficit/surplus, % of GDP
China Senegal
2024 -7.34% -13.4%
2023 -6.71% -14.8%
2022 -7.32% -16.1%
2021 -5.9% -13.7%
2020 -9.56% -9.64%
2019 -6% -13.9%
2018 -4.2% -3.66%
2017 -3.34% -2.97%
2016 -3.33% -3.27%
2015 -2.5% -3.66%
2014 -0.67% -3.9%
2013 -0.82% -4.34%
2012 -0.3% -4.18%
2011 -0.1% -4.92%
2010 -0.36% -3.94%
2009 -1.72% -3.66%
2008 -0.02% -3.53%
2007 0.06% -2.8%
2006 -1.13% -3.67%
2005 -1.38% -0.26%
2004 -1.49% 0.18%
2003 -2.36% -0.52%
2002 -2.84% 0.19%
2001 -2.56% -1.44%
2000 -2.81% 0.78%
1999 -2.3% -0.62%
1998 -1.08% 0.93%
1997 -0.73% 0.98%
1996 -0.73% 0.92%
1995 -0.94% 2.41%
1994 -1.68% 5.9%
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

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/china/senegal | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, China recorded a fiscal deficit in 30 of those years, while Senegal ran a deficit in 23 years. On average, China posted an annual deficit equal to 2.65% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
China

Senegal
1x
Year Consumer prices inflation
China Senegal
2024 0.2% 0.8%
2023 0.2% 5.94%
2022 2% 9.7%
2021 0.9% 2.18%
2020 2.5% 2.54%
2019 2.9% 1.76%
2018 2.1% 0.46%
2017 1.6% 1.32%
2016 2% 0.84%
2015 1.5% 0.14%
2014 2% -1.09%
2013 2.7% 0.71%
2012 2.6% 1.42%
2011 5.4% 3.4%
2010 3.3% 1.23%
2009 -0.7% -2.25%
2008 5.9% 7.35%
2007 4.7% 5.85%
2006 1.5% 2.11%
2005 1.8% 1.71%
2004 3.9% 0.51%
2003 1.1% -0.05%
2002 -0.8% 2.34%
2001 0.7% 2.97%
2000 0.4% 0.73%
1999 -1.4% 0.83%
1998 -0.8% 1.16%
1997 2.8% 1.75%

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/china/senegal | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 2.01% in Senegal. In 2024, inflation was 0.2% in China and 0.8% in Senegal.

Top exports between countries

China
Export category Export value
Textiles & consumer goods $1.69B
Machinery & equipment $1.53B
Metals $650M
Chemicals & pharma $449M
Raw agricultural goods $104M
Raw materials & minerals $76.9M
Wood & paper products $73.7M
Miscellaneous $69.5M
Animal & marine products $57M
Processed food, beverages & tobacco $34.4M
Senegal
Export category Export value
Raw materials & minerals $580M
Raw agricultural goods $113M
Animal & marine products $14.7M
Processed food, beverages & tobacco $4.3M
Metals $4.2M
Wood & paper products $440K
Machinery & equipment $296K
Textiles & consumer goods $240K
Chemicals & pharma $120K
Precious metals & jewellery $106K

Balance of trade

China Senegal
Current account balance
$424B
2024
-$6.07B
2023
Current account balance ranking
1/190
2024
170/190
2023
Current account balance, % of GDP
+2.26%
2024
-19.8%
2023
Goods imports
$2.64T
2024
$10.8B
2023
Goods exports
$3.41T
2024
$5.52B
2023
Service imports
$613B
2024
$4.08B
2023
Service exports
$384B
2024
$1.48B
2023
Imports of goods and services, % of GDP
17.2%
2024
43.4%
2024
Exports of goods and services, % of GDP
20%
2024
24.7%
2024

Economic freedom indices

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

China Senegal
Economic freedom 48.3 53.2
Economic freedom ranking 170/197 140/197
Property rights 40.9 57.4
Government integrity 42.3 47.3
Judicial effectiveness 38.6 50.5
Tax burden 69.3 68.8
Government spending 67.8 63.1
Fiscal health 4.4 0
Business freedom 68.7 55.2
Labor freedom 57.9 54.4
Monetary freedom 76.1 74.3
Trade freedom 73.4 67
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

China
Senegal
1x
Year Economic freedom index
China Senegal
2026 48.3 53.2
2025 49 56.4
2024 48.5 55.4
2023 48.3 57.7
2022 48 60
2021 58.4 58
2020 59.5 58
2019 58.4 56.3
2018 57.8 55.7
2017 57.4 55.9
2016 52 58.1
2015 52.7 57.8
2014 52.5 55.4
2013 51.9 55.5
2012 51.2 55.4
2011 52 55.7
2010 51 54.6
2009 53.2 56.3
2008 53.1 58.3
2007 52 58.1
2006 53.6 56.2
2005 53.7 57.9
2004 52.5 58.9
2003 52.6 58.1
2002 52.8 58.6
2001 52.6 58.7
2000 56.4 58.9
1999 54.8 60.6
1998 53.1 59.7
1997 51.7 58.1
1996 51.3 58.2
1995 52 -

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

GeoRank.org/economy/china/senegal | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Senegal
Services, % of GDP
56.7%
2024
48.4%
2024
Industry, % of GDP
36.5%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
16.6%
2024
GNI, Atlas method
$19.3T
2024
$31.1B
2024
GNI per capita, PPP
$26,920
2024
$4,920
2024
Total reserves including gold
$3.46T
2024
n/a
Total reserves ranking
1/177
2024
n/a
Net foreign direct investment
$154B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$18.6B
2024
$2.02B
2024
Net outflows of foreign direct investment
$172B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
10.8%
2024
Poverty at national poverty lines
0%
2020
37.5%
2021
Gross capital formation, % of GDP
40.6%
2024
37.5%
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/china/senegal | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1995, retrieved 2026-02-20)
  6. TradeMap (2023–2024, 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.