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Economy of El Salvador vs Senegal compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $32.8B for Senegal, ranking 105/197 and 109/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

El Salvador vs Senegal GDP by year

El Salvador
Senegal
1x
Year GDP, current $
El Salvador Senegal
2024 $35,364,960,000 $32,808,056,601
2023 $33,853,940,000 $30,696,331,296
2022 $31,870,120,000 $27,783,332,223
2021 $29,043,140,000 $27,520,784,130
2020 $24,921,190,000 $24,530,513,038
2019 $26,881,140,000 $23,403,995,992
2018 $26,020,850,000 $23,116,701,556
2017 $24,979,190,000 $20,996,562,944
2016 $24,191,430,000 $19,040,312,333
2015 $23,438,240,000 $17,774,766,696
2014 $22,593,470,000 $19,797,253,440
2013 $21,990,960,000 $18,918,667,725
2012 $21,386,150,000 $17,660,870,412
2011 $20,283,780,000 $17,814,283,639
2010 $18,447,920,000 $16,121,315,909
2009 $17,601,620,000 $16,145,867,495
2008 $17,986,890,000 $16,853,989,628
2007 $17,011,750,000 $13,994,218,413
2006 $15,999,890,000 $11,697,918,243
2005 $14,698,000,000 $11,009,033,438
2004 $13,724,810,900 $10,076,816,667
2003 $13,243,892,200 $8,768,721,563
2002 $12,664,190,300 $7,006,402,320
2001 $12,282,533,600 $6,507,824,829
2000 $11,784,927,700 $6,013,185,004
1999 $11,284,197,000 $6,592,834,933
1998 $10,936,669,900 $6,505,607,909
1997 $10,221,705,900 $6,041,478,726
1996 $9,586,327,800 $6,559,712,166
1995 $8,921,947,100 $6,326,342,633
1994 $7,679,384,000 $5,034,588,196
1993 $6,680,269,200 $7,367,986,241
1992 $5,813,399,300 $7,769,817,840
1991 $5,252,342,400 $7,255,210,470
1990 $4,817,542,204 $7,390,967,360
1989 $4,372,215,300 $6,366,039,373
1988 $4,189,880,000 $6,418,419,389
1987 $3,958,045,800 $6,487,353,103
1986 $3,771,663,200 $5,392,093,446
1985 $3,800,368,600 $3,818,944,918
1984 $3,661,683,400 $3,485,165,432
1983 $3,506,347,800 $3,569,356,125
1982 $3,399,189,100 $4,013,951,443
1981 $3,437,200,200 $4,095,892,781
1980 $3,573,959,900 $4,510,108,291
1979 $3,463,639,900 $4,084,877,823
1978 $3,127,960,000 $3,280,354,921
1977 $2,941,640,100 $2,938,046,463
1976 $2,328,280,100 $2,869,777,884
1975 $1,884,120,100 $2,830,388,405
1974 $1,665,880,000 $2,099,325,229
1973 $1,442,320,000 $1,863,398,590
1972 $1,263,720,000 $1,620,857,104
1971 $1,186,120,000 $1,339,549,033
1970 $1,132,920,000 $1,297,407,655
1969 $1,049,400,000 $1,245,234,931
1968 $1,009,760,100 $1,309,384,862
1967 $976,200,000 $1,246,480,766
1966 $929,520,000 $1,246,908,186
1965 $877,720,000 $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/el-salvador/senegal | CC BY

GDP per capita in El Salvador vs Senegal by year

El Salvador
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $1,773 $5,071
2023 $5,365 $12,680 $1,698 $4,778
2022 $5,075 $11,876 $1,574 $4,530
2021 $4,643 $10,810 $1,598 $4,174
2020 $3,997 $9,393 $1,461 $3,753
2019 $4,320 $9,757 $1,431 $3,648
2018 $4,184 $9,204 $1,453 $3,380
2017 $4,020 $8,965 $1,357 $3,234
2016 $3,901 $8,456 $1,266 $3,101
2015 $3,790 $7,934 $1,218 $2,994
2014 $3,666 $7,504 $1,399 $2,854
2013 $3,582 $7,093 $1,380 $2,769
2012 $3,498 $6,708 $1,327 $2,764
2011 $3,331 $6,594 $1,375 $2,685
2010 $3,040 $6,248 $1,276 $2,663
2009 $2,910 $6,063 $1,309 $2,606
2008 $2,983 $6,175 $1,399 $2,581
2007 $2,831 $5,949 $1,189 $2,499
2006 $2,666 $5,695 $1,017 $2,422
2005 $2,447 $5,292 $980 $2,350
2004 $2,286 $4,998 $918 $2,236
2003 $2,208 $4,829 $818 $2,131
2002 $2,115 $4,672 $669 $2,027
2001 $2,058 $4,543 $637 $2,044
2000 $1,983 $4,422 $603 $1,963
1999 $1,908 $4,298 $678 $1,893
1998 $1,860 $4,171 $685 $1,798
1997 $1,749 $4,043 $651 $1,719
1996 $1,651 $3,880 $723 $1,679
1995 $1,548 $3,808 $715 $1,656
1994 $1,344 $3,591 $584 $1,578
1993 $1,180 $3,390 $878 $1,588
1992 $1,041 $3,171 $951 $1,573
1991 $956 $2,945 $913 $1,561
1990 $892 $2,856 $957 $1,513
1989 $825 - $849 -
1988 $806 - $880 -
1987 $777 - $916 -
1986 $755 - $784 -
1985 $776 - $571 -
1984 $763 - $536 -
1983 $745 - $564 -
1982 $735 - $652 -
1981 $752 - $683 -
1980 $787 - $772 -
1979 $773 - $716 -
1978 $712 - $589 -
1977 $684 - $540 -
1976 $553 - $541 -
1975 $457 - $547 -
1974 $413 - $417 -
1973 $366 - $381 -
1972 $329 - $342 -
1971 $316 - $291.1 -
1970 $309 - $290.5 -
1969 $293.4 - $287.3 -
1968 $290.1 - $311 -
1967 $288.4 - $305 -
1966 $282.4 - $315 -
1965 $274.3 - $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/el-salvador/senegal | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Senegal ranks 158th at $5,071.

Economic indicators

El Salvador Senegal
Gross domestic product
$35.4B
2024
$32.8B
2024
GDP rank
105/197
2024
109/197
2024
GDP growth
2.6%
2023-2024
6.06%
2023-2024
GDP per capita
$5,580
2024
$1,773
2024
GDP per capita rank
116/197
2024
159/197
2024
GDP per capita, PPP
$13,264
2024
$5,071
2024
GDP per capita PPP rank
120/197
2024
158/197
2024
Government debt
$30.9B
2024
$42.1B
2024
Debt-to-GDP ratio
87.5%
2024
128.4%
2024
Government debt per person
$4,883
2024
$2,277
2024
Government debt per person rank
81/185
2024
115/185
2024
Average annual personal income after taxes
$4,768
2026
$2,194
2026
Income share by richest 10%
29.7%
2023
28.8%
2021
Income share by poorest 10%
1.9%
2023
3%
2021
Government expenditure, % of GDP
31.4%
2024
33.5%
2024
Consumer prices inflation
0.85%
2023-2024
0.8%
2023-2024
Unemployment rate
2.71%
2024
5.78%
2024
Population
6399793
19491599

Spending and national debt comparison by year

El Salvador
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
El Salvador Senegal
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 33.5% 128.4%
2023 30.5% 85.1% 35.5% 118.4%
2022 28.7% 83.7% 36.2% 105%
2021 31.1% 88% 33.6% 98.6%
2020 32.7% 95.4% 29.6% 90.2%
2019 27.8% 77.9% 34.3% 81.5%
2018 27.6% 77% 22.6% 61.5%
2017 28.1% 77.1% 22.5% 61.1%
2016 27.5% 75.2% 24% 47.5%
2015 27.1% 73.5% 22.9% 44.5%
2014 27.6% 71.8% 23.1% 42.4%
2013 28.5% 69.7% 22.1% 36.9%
2012 27.4% 70% 23% 34.5%
2011 25.3% 65.6% 23.3% 32.9%
2010 25.6% 66.8% 21.7% 34.6%
2009 26% 65.8% 21.1% 29.9%
2008 24.5% 54.2% 20.9% 19.1%
2007 22.8% 52.2% 22.2% 19%
2006 23.4% 52.6% 21.3% 17.5%
2005 22.4% 46.3% 18.7% 36.1%
2004 21.5% 46.8% 18.1% 38%
2003 22.6% 46% 17.1% 42.9%
2002 22.5% 43.8% 15.5% 52%
2001 21.7% 37.8% 15.7% 53.2%
2000 21% 29.6% 14% 57.5%
1999 19.7% 28% 14.6% 15%
1998 19.3% 25.7% 13.5% 18.8%
1997 18.6% 27.8% 14.1% 67.8%
1996 21% 28.5% 15.4% 0.07%
1995 18.6% 28% 14.4% 65.3%
1994 18.9% 30.5% 15.9% 77.3%
1993 18.5% 31.9% - -
1992 20.8% 36.4% - -
1991 18.5% 43.3% - -
1990 15.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/senegal | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 128.4% in Senegal, ranking 36/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Senegal
1x
Year Deficit/surplus, % of GDP
El Salvador Senegal
2024 -4.55% -13.4%
2023 -4.69% -14.8%
2022 -2.68% -16.1%
2021 -5.53% -13.7%
2020 -8.18% -9.64%
2019 -3.07% -13.9%
2018 -2.71% -3.66%
2017 -2.53% -2.97%
2016 -3.1% -3.27%
2015 -3.63% -3.66%
2014 -4.02% -3.9%
2013 -4.46% -4.34%
2012 -3.81% -4.18%
2011 -4.47% -4.92%
2010 -4.97% -3.94%
2009 -6.65% -3.66%
2008 -3.8% -3.53%
2007 -2.32% -2.8%
2006 -3.42% -3.67%
2005 -3.47% -0.26%
2004 -2.76% 0.18%
2003 -4.23% -0.52%
2002 -5.5% 0.19%
2001 -4.95% -1.44%
2000 -3.45% 0.78%
1999 -3.08% -0.62%
1998 -2.94% 0.93%
1997 -1.97% 0.98%
1996 -2.7% 0.92%
1995 -0.18% 2.41%
1994 -0.94% 5.9%
1993 -1.42% -
1992 -4.29% -
1991 -2.3% -
1990 -0.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/senegal | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, El Salvador recorded a fiscal deficit in 31 of those years, while Senegal ran a deficit in 23 years. On average, El Salvador posted an annual deficit equal to 3.7% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
El Salvador

Senegal
1x
Year Consumer prices inflation
El Salvador Senegal
2024 0.85% 0.8%
2023 4.05% 5.94%
2022 7.2% 9.7%
2021 3.47% 2.18%
2020 -0.37% 2.54%
2019 0.08% 1.76%
2018 1.09% 0.46%
2017 1.01% 1.32%
2016 0.6% 0.84%
2015 -0.73% 0.14%
2014 1.14% -1.09%
2013 0.76% 0.71%
2012 1.73% 1.42%
2011 5.13% 3.4%
2010 1.18% 1.23%
2009 1.06% -2.25%
2008 6.71% 7.35%
2007 4.58% 5.85%
2006 4.04% 2.11%
2005 4.69% 1.71%
2004 4.45% 0.51%
2003 2.12% -0.05%
2002 1.87% 2.34%
2001 3.75% 2.97%
2000 2.27% 0.73%
1999 0.51% 0.83%
1998 2.55% 1.16%
1997 4.49% 1.75%

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

GeoRank.org/economy/el-salvador/senegal | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 2.01% in Senegal. In 2024, inflation was 0.85% in El Salvador and 0.8% in Senegal.

Top exports between countries

El Salvador
Export category Export value
Textiles & consumer goods $8K
Senegal
Export category Export value

Balance of trade

El Salvador Senegal
Current account balance
-$633M
2024
-$6.07B
2023
Current account balance ranking
110/190
2024
170/190
2023
Current account balance, % of GDP
-1.79%
2024
-19.8%
2023
Goods imports
$15.1B
2024
$10.8B
2023
Goods exports
$5.59B
2024
$5.52B
2023
Service imports
$3.26B
2024
$4.08B
2023
Service exports
$6B
2024
$1.48B
2023
Imports of goods and services, % of GDP
51.9%
2024
43.4%
2024
Exports of goods and services, % of GDP
32.8%
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.

El Salvador Senegal
Economic freedom 57.7 53.2
Economic freedom ranking 114/197 140/197
Property rights 42.7 57.4
Government integrity 31.5 47.3
Judicial effectiveness 15.3 50.5
Tax burden 76.8 68.8
Government spending 72.7 63.1
Fiscal health 59.4 0
Business freedom 65.7 55.2
Labor freedom 51.6 54.4
Monetary freedom 70.6 74.3
Trade freedom 76.4 67
Investment freedom 70 60
Financial freedom 60 40

Economic freedom comparison by year

El Salvador
Senegal
1x
Year Economic freedom index
El Salvador Senegal
2026 57.7 53.2
2025 56.6 56.4
2024 54.4 55.4
2023 56 57.7
2022 59.6 60
2021 61 58
2020 61.6 58
2019 61.8 56.3
2018 63.2 55.7
2017 64.1 55.9
2016 65.1 58.1
2015 65.7 57.8
2014 66.2 55.4
2013 66.7 55.5
2012 68.7 55.4
2011 68.8 55.7
2010 69.9 54.6
2009 69.8 56.3
2008 68.5 58.3
2007 68.9 58.1
2006 69.6 56.2
2005 71.5 57.9
2004 71.2 58.9
2003 71.5 58.1
2002 73 58.6
2001 73 58.7
2000 76.3 58.9
1999 75.1 60.6
1998 70.2 59.7
1997 70.5 58.1
1996 70.1 58.2
1995 69.1 -

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

GeoRank.org/economy/el-salvador/senegal | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, 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

El Salvador Senegal
Services, % of GDP
61%
2024
48.4%
2024
Industry, % of GDP
22.4%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
16.6%
2024
GNI, Atlas method
$32.5B
2024
$31.1B
2024
GNI per capita, PPP
$12,420
2024
$4,920
2024
Total reserves including gold
$3.7B
2024
n/a
Total reserves ranking
110/177
2024
n/a
Net foreign direct investment
-$636M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$924M
2024
$2.02B
2024
Net outflows of foreign direct investment
$288M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
35%
2024
10.8%
2024
Poverty at national poverty lines
27.2%
2023
37.5%
2021
Gross capital formation, % of GDP
20.3%
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/el-salvador/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 (1994–1995, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.