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Economy of Czech Republic vs Senegal compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $32.8B for Senegal, ranking 44/197 and 109/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Czech Republic vs Senegal GDP by year

Czech Republic
Senegal
1x
Year GDP, current $
Czech Republic Senegal
2024 $347,034,062,928 $32,808,056,601
2023 $345,059,295,660 $30,696,331,296
2022 $301,831,228,326 $27,783,332,223
2021 $290,972,714,482 $27,520,784,130
2020 $251,109,660,603 $24,530,513,038
2019 $256,794,209,029 $23,403,995,992
2018 $251,992,360,762 $23,116,701,556
2017 $221,563,575,696 $20,996,562,944
2016 $198,160,659,304 $19,040,312,333
2015 $189,107,698,562 $17,774,766,696
2014 $210,911,285,078 $19,797,253,440
2013 $213,024,360,541 $18,918,667,725
2012 $210,363,223,088 $17,660,870,412
2011 $231,429,378,717 $17,814,283,639
2010 $211,168,667,286 $16,121,315,909
2009 $206,971,882,705 $16,145,867,495
2008 $236,506,264,754 $16,853,989,628
2007 $190,040,702,287 $13,994,218,413
2006 $156,236,258,387 $11,697,918,243
2005 $137,264,185,596 $11,009,033,438
2004 $120,147,899,984 $10,076,816,667
2003 $100,435,924,705 $8,768,721,563
2002 $82,607,869,610 $7,006,402,320
2001 $68,135,304,464 $6,507,824,829
2000 $62,175,642,238 $6,013,185,004
1999 $65,586,562,605 $6,592,834,933
1998 $67,187,217,328 $6,505,607,909
1997 $62,539,765,163 $6,041,478,726
1996 $67,804,105,330 $6,559,712,166
1995 $60,572,381,311 $6,326,342,633
1994 $48,188,478,339 $5,034,588,196
1993 $41,155,654,032 $7,367,986,241
1992 $35,051,065,440 $7,769,817,840
1991 $30,071,014,282 $7,255,210,470
1990 $41,016,881,802 $7,390,967,360
1989 - $6,366,039,373
1988 - $6,418,419,389
1987 - $6,487,353,103
1986 - $5,392,093,446
1985 - $3,818,944,918
1984 - $3,485,165,432
1983 - $3,569,356,125
1982 - $4,013,951,443
1981 - $4,095,892,781
1980 - $4,510,108,291
1979 - $4,084,877,823
1978 - $3,280,354,921
1977 - $2,938,046,463
1976 - $2,869,777,884
1975 - $2,830,388,405
1974 - $2,099,325,229
1973 - $1,863,398,590
1972 - $1,620,857,104
1971 - $1,339,549,033
1970 - $1,297,407,655
1969 - $1,245,234,931
1968 - $1,309,384,862
1967 - $1,246,480,766
1966 - $1,246,908,186
1965 - $1,210,058,228
1964 - $1,188,930,645
1963 - $1,122,139,862
1962 - $1,085,475,791
1961 - $1,058,975,257
1960 - $1,003,692,370

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

GeoRank.org/economy/czech-republic/senegal | CC BY

GDP per capita in Czech Republic vs Senegal by year

Czech Republic
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $1,773 $5,071
2023 $31,762 $55,761 $1,698 $4,778
2022 $28,282 $52,947 $1,574 $4,530
2021 $27,696 $47,796 $1,598 $4,174
2020 $23,473 $44,839 $1,461 $3,753
2019 $24,063 $45,614 $1,431 $3,648
2018 $23,706 $41,638 $1,453 $3,380
2017 $20,913 $39,346 $1,357 $3,234
2016 $18,754 $36,445 $1,266 $3,101
2015 $17,932 $34,093 $1,218 $2,994
2014 $20,038 $32,743 $1,399 $2,854
2013 $20,260 $31,013 $1,380 $2,769
2012 $20,014 $29,466 $1,327 $2,764
2011 $22,049 $29,237 $1,375 $2,685
2010 $20,160 $28,154 $1,276 $2,663
2009 $19,817 $27,713 $1,309 $2,606
2008 $22,775 $27,938 $1,399 $2,581
2007 $18,453 $26,268 $1,189 $2,499
2006 $15,259 $23,914 $1,017 $2,422
2005 $13,442 $22,115 $980 $2,350
2004 $11,783 $20,988 $918 $2,236
2003 $9,852 $19,604 $818 $2,131
2002 $8,101 $18,344 $669 $2,027
2001 $6,669 $17,709 $637 $2,044
2000 $6,063 $16,332 $603 $1,963
1999 $6,378 $15,494 $678 $1,893
1998 $6,527 $15,064 $685 $1,798
1997 $6,069 $14,911 $651 $1,719
1996 $6,573 $14,781 $723 $1,679
1995 $5,865 $13,957 $715 $1,656
1994 $4,663 $12,862 $584 $1,578
1993 $3,984 $12,242 $878 $1,588
1992 $3,397 $11,963 $951 $1,573
1991 $2,917 $11,768 $913 $1,561
1990 $3,969 $12,848 $957 $1,513
1989 - - $849 -
1988 - - $880 -
1987 - - $916 -
1986 - - $784 -
1985 - - $571 -
1984 - - $536 -
1983 - - $564 -
1982 - - $652 -
1981 - - $683 -
1980 - - $772 -
1979 - - $716 -
1978 - - $589 -
1977 - - $540 -
1976 - - $541 -
1975 - - $547 -
1974 - - $417 -
1973 - - $381 -
1972 - - $342 -
1971 - - $291.1 -
1970 - - $290.5 -
1969 - - $287.3 -
1968 - - $311 -
1967 - - $305 -
1966 - - $315 -
1965 - - $314 -
1964 - - $318 -
1963 - - $309 -
1962 - - $307 -
1961 - - $308 -
1960 - - $300 -

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

GeoRank.org/economy/czech-republic/senegal | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Senegal ranks 158th at $5,071.

Economic indicators

Czech Republic Senegal
Gross domestic product
$347B
2024
$32.8B
2024
GDP rank
44/197
2024
109/197
2024
GDP growth
1.23%
2023-2024
6.06%
2023-2024
GDP per capita
$31,823
2024
$1,773
2024
GDP per capita rank
39/197
2024
159/197
2024
GDP per capita, PPP
$57,285
2024
$5,071
2024
GDP per capita PPP rank
35/197
2024
158/197
2024
Government debt
$150B
2024
$42.1B
2024
Debt-to-GDP ratio
43.3%
2024
128.4%
2024
Government debt per person
$13,792
2024
$2,277
2024
Government debt per person rank
43/185
2024
115/185
2024
Average annual personal income after taxes
$22,139
2026
$2,194
2026
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
28.8%
2021
Income share by poorest 10%
3.8%
2023
3%
2021
Government expenditure, % of GDP
42.8%
2024
33.5%
2024
Consumer prices inflation
2.44%
2023-2024
0.8%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
5.78%
2024
Population
10649126
19491599

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Czech Republic Senegal
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 33.5% 128.4%
2023 43.7% 42.2% 35.5% 118.4%
2022 43% 42.5% 36.2% 105%
2021 45% 40.7% 33.6% 98.6%
2020 46.3% 36.9% 29.6% 90.2%
2019 40.4% 29.6% 34.3% 81.5%
2018 40.1% 31.7% 22.6% 61.5%
2017 38.5% 33.8% 22.5% 61.1%
2016 39.4% 36.2% 24% 47.5%
2015 41.7% 39.5% 22.9% 44.5%
2014 42.3% 41.5% 23.1% 42.4%
2013 42.4% 44.1% 22.1% 36.9%
2012 44.4% 43.8% 23% 34.5%
2011 42.8% 39.4% 23.3% 32.9%
2010 43.2% 36.7% 21.7% 34.6%
2009 44.5% 33.4% 21.1% 29.9%
2008 40.9% 28.2% 20.9% 19.1%
2007 40.5% 27.3% 22.2% 19%
2006 41.5% 27.6% 21.3% 17.5%
2005 42.3% 27.7% 18.7% 36.1%
2004 42.2% 28.3% 18.1% 38%
2003 49% 28.1% 17.1% 42.9%
2002 44.4% 25.7% 15.5% 52%
2001 43.1% 22.6% 15.7% 53.2%
2000 40.6% 16.9% 14% 57.5%
1999 40.9% 15.1% 14.6% 15%
1998 41.6% 13.9% 13.5% 18.8%
1997 41.3% 12.1% 14.1% 67.8%
1996 41.4% 11.5% 15.4% 0.07%
1995 52.8% 13.5% 14.4% 65.3%
1994 - - 15.9% 77.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/senegal | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 128.4% in Senegal, ranking 124/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Senegal
1x
Year Deficit/surplus, % of GDP
Czech Republic Senegal
2024 -1.99% -13.4%
2023 -3.73% -14.8%
2022 -3.07% -16.1%
2021 -4.95% -13.7%
2020 -5.65% -9.64%
2019 0.28% -13.9%
2018 0.88% -3.66%
2017 1.46% -2.97%
2016 0.68% -3.27%
2015 -0.67% -3.66%
2014 -2.09% -3.9%
2013 -1.3% -4.34%
2012 -3.92% -4.18%
2011 -2.71% -4.92%
2010 -4.14% -3.94%
2009 -5.46% -3.66%
2008 -2% -3.53%
2007 -0.68% -2.8%
2006 -2.19% -3.67%
2005 -3.06% -0.26%
2004 -2.4% 0.18%
2003 -6.87% -0.52%
2002 -6.34% 0.19%
2001 -5.76% -1.44%
2000 -3.55% 0.78%
1999 -3.08% -0.62%
1998 -4.14% 0.93%
1997 -3.14% 0.98%
1996 -2.98% 0.92%
1995 -12.3% 2.41%
1994 - 5.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/senegal | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Senegal ran a deficit in 23 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 4.22% of GDP for Senegal.

Inflation comparison by year

Inflation
Czech Republic

Senegal
1x
Year Consumer prices inflation
Czech Republic Senegal
2024 2.44% 0.8%
2023 10.7% 5.94%
2022 15.1% 9.7%
2021 3.84% 2.18%
2020 3.16% 2.54%
2019 2.85% 1.76%
2018 2.15% 0.46%
2017 2.45% 1.32%
2016 0.68% 0.84%
2015 0.31% 0.14%
2014 0.34% -1.09%
2013 1.44% 0.71%
2012 3.29% 1.42%
2011 1.92% 3.4%
2010 1.47% 1.23%
2009 1.02% -2.25%
2008 6.36% 7.35%
2007 2.85% 5.85%
2006 2.53% 2.11%
2005 1.86% 1.71%
2004 2.76% 0.51%
2003 0.12% -0.05%
2002 1.9% 2.34%
2001 4.66% 2.97%
2000 3.78% 0.73%
1999 2.14% 0.83%
1998 10.7% 1.16%
1997 8.6% 1.75%

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

GeoRank.org/economy/czech-republic/senegal | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.01% in Senegal. In 2024, inflation was 2.44% in the Czech Republic and 0.8% in Senegal.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $32.7M
Textiles & consumer goods $9.82M
Miscellaneous $902K
Raw materials & minerals $856K
Wood & paper products $801K
Weapons & explosives $509K
Chemicals & pharma $420K
Metals $232K
Animal & marine products $130K
Raw agricultural goods $44K
Senegal
Export category Export value
Textiles & consumer goods $65K
Machinery & equipment $28K
Wood & paper products $5K
Precious metals & jewellery $4K
Chemicals & pharma $1K
Metals $1K
Raw materials & minerals $1K

Balance of trade

Czech Republic Senegal
Current account balance
$6.05B
2024
-$6.07B
2023
Current account balance ranking
31/190
2024
170/190
2023
Current account balance, % of GDP
+1.74%
2024
-19.8%
2023
Goods imports
$179B
2024
$10.8B
2023
Goods exports
$197B
2024
$5.52B
2023
Service imports
$38B
2024
$4.08B
2023
Service exports
$42.5B
2024
$1.48B
2023
Imports of goods and services, % of GDP
62.6%
2024
43.4%
2024
Exports of goods and services, % of GDP
68.9%
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.

Czech Republic Senegal
Economic freedom 73.2 53.2
Economic freedom ranking 25/197 140/197
Property rights 89.8 57.4
Government integrity 64.7 47.3
Judicial effectiveness 92.1 50.5
Tax burden 78.8 68.8
Government spending 44.2 63.1
Fiscal health 82.5 0
Business freedom 76.8 55.2
Labor freedom 55.1 54.4
Monetary freedom 75 74.3
Trade freedom 79.4 67
Investment freedom 70 60
Financial freedom 70 40

Economic freedom comparison by year

Czech Republic
Senegal
1x
Year Economic freedom index
Czech Republic Senegal
2026 73.2 53.2
2025 72.9 56.4
2024 70.2 55.4
2023 71.9 57.7
2022 74.4 60
2021 73.8 58
2020 74.8 58
2019 73.7 56.3
2018 74.2 55.7
2017 73.3 55.9
2016 73.2 58.1
2015 72.5 57.8
2014 72.2 55.4
2013 70.9 55.5
2012 69.9 55.4
2011 70.4 55.7
2010 69.8 54.6
2009 69.4 56.3
2008 68.1 58.3
2007 67.4 58.1
2006 66.4 56.2
2005 64.6 57.9
2004 67 58.9
2003 67.5 58.1
2002 66.5 58.6
2001 70.2 58.7
2000 68.6 58.9
1999 69.7 60.6
1998 68.4 59.7
1997 68.8 58.1
1996 68.1 58.2
1995 67.8 -

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

GeoRank.org/economy/czech-republic/senegal | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Senegal
Services, % of GDP
60.2%
2024
48.4%
2024
Industry, % of GDP
29.2%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
16.6%
2024
GNI, Atlas method
$322B
2024
$31.1B
2024
GNI per capita, PPP
$54,800
2024
$4,920
2024
Total reserves including gold
$146B
2024
n/a
Total reserves ranking
22/177
2024
n/a
Net foreign direct investment
-$1.87B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$13.1B
2024
$2.02B
2024
Net outflows of foreign direct investment
$11.2B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
10.2%
2021
37.5%
2021
Gross capital formation, % of GDP
26.3%
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/czech-republic/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 (1994–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20)
  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.