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Economy of Eswatini vs Senegal compared: GDP & Debt

Updated on by Georank team

Eswatini has a GDP of $4.86B compared to $32.8B for Senegal, ranking 162/197 and 109/197 by economy size, respectively.

Eswatini has $1.93B in government debt (39.8% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Eswatini vs Senegal GDP by year

Eswatini
Senegal
1x
Year GDP, current $
Eswatini Senegal
2024 $4,858,885,841 $32,808,056,601
2023 $4,621,191,262 $30,696,331,296
2022 $4,746,660,274 $27,783,332,223
2021 $4,807,069,277 $27,520,784,130
2020 $4,134,677,810 $24,530,513,038
2019 $4,617,018,959 $23,403,995,992
2018 $4,643,751,059 $23,116,701,556
2017 $4,462,640,651 $20,996,562,944
2016 $3,722,306,117 $19,040,312,333
2015 $3,908,217,914 $17,774,766,696
2014 $4,285,065,665 $19,797,253,440
2013 $4,463,396,204 $18,918,667,725
2012 $4,747,813,067 $17,660,870,412
2011 $4,722,912,047 $17,814,283,639
2010 $4,360,714,359 $16,121,315,909
2009 $3,525,213,502 $16,145,867,495
2008 $3,235,921,171 $16,853,989,628
2007 $3,391,122,887 $13,994,218,413
2006 $3,215,307,901 $11,697,918,243
2005 $3,097,946,371 $11,009,033,438
2004 $2,710,331,785 $10,076,816,667
2003 $2,149,632,433 $8,768,721,563
2002 $1,393,945,031 $7,006,402,320
2001 $1,502,870,486 $6,507,824,829
2000 $1,697,161,558 $6,013,185,004
1999 $1,547,888,496 $6,592,834,933
1998 $1,576,908,856 $6,505,607,909
1997 $1,716,714,070 $6,041,478,726
1996 $1,602,741,834 $6,559,712,166
1995 $1,698,989,464 $6,326,342,633
1994 $1,419,294,254 $5,034,588,196
1993 $1,357,189,552 $7,367,986,241
1992 $1,284,759,928 $7,769,817,840
1991 $1,156,135,718 $7,255,210,470
1990 $1,114,694,041 $7,390,967,360
1989 $696,921,542 $6,366,039,373
1988 $692,026,455 $6,418,419,389
1987 $584,126,092 $6,487,353,103
1986 $449,140,318 $5,392,093,446
1985 $360,079,419 $3,818,944,918
1984 $494,483,409 $3,485,165,432
1983 $555,336,146 $3,569,356,125
1982 $537,568,059 $4,013,951,443
1981 $570,774,825 $4,095,892,781
1980 $541,976,853 $4,510,108,291
1979 $412,093,134 $4,084,877,823
1978 $340,630,085 $3,280,354,921
1977 $304,060,076 $2,938,046,463
1976 $272,550,068 $2,869,777,884
1975 $288,299,789 $2,830,388,405
1974 $264,320,941 $2,099,325,229
1973 $221,915,128 $1,863,398,590
1972 $146,736,479 $1,620,857,104
1971 $136,462,081 $1,339,549,033
1970 $112,139,955 $1,297,407,655
1969 $105,419,958 $1,245,234,931
1968 $79,799,968 $1,309,384,862
1967 $74,759,970 $1,246,480,766
1966 $76,859,969 $1,246,908,186
1965 $70,279,972 $1,210,058,228
1964 $64,980,554 $1,188,930,645
1963 $54,129,438 $1,122,139,862
1962 $45,927,962 $1,085,475,791
1961 $43,026,043 $1,058,975,257
1960 $35,076,846 $1,003,692,370

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

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

GDP per capita in Eswatini vs Senegal by year

Eswatini
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,910 $11,799 $1,773 $5,071
2023 $3,756 $11,300 $1,698 $4,778
2022 $3,894 $10,635 $1,574 $4,530
2021 $3,984 $9,990 $1,598 $4,174
2020 $3,467 $9,329 $1,461 $3,753
2019 $3,913 $9,248 $1,431 $3,648
2018 $3,973 $8,535 $1,453 $3,380
2017 $3,853 $8,584 $1,357 $3,234
2016 $3,238 $8,484 $1,266 $3,101
2015 $3,420 $8,391 $1,218 $2,994
2014 $3,771 $8,366 $1,399 $2,854
2013 $3,950 $8,231 $1,380 $2,769
2012 $4,225 $7,760 $1,327 $2,764
2011 $4,225 $7,571 $1,375 $2,685
2010 $3,923 $7,324 $1,276 $2,663
2009 $3,190 $7,011 $1,309 $2,606
2008 $2,947 $6,914 $1,399 $2,581
2007 $3,109 $6,732 $1,189 $2,499
2006 $2,965 $6,319 $1,017 $2,422
2005 $2,871 $5,773 $980 $2,350
2004 $2,526 $5,310 $918 $2,236
2003 $2,015 $5,020 $818 $2,131
2002 $1,316 $4,742 $669 $2,027
2001 $1,430 $4,521 $637 $2,044
2000 $1,630 $4,401 $603 $1,963
1999 $1,502 $4,272 $678 $1,893
1998 $1,547 $4,137 $685 $1,798
1997 $1,705 $4,038 $651 $1,719
1996 $1,619 $3,916 $723 $1,679
1995 $1,751 $3,777 $715 $1,656
1994 $1,461 $3,526 $584 $1,578
1993 $1,397 $3,371 $878 $1,588
1992 $1,362 $3,289 $951 $1,573
1991 $1,273 $3,236 $913 $1,561
1990 $1,278 $3,202 $957 $1,513
1989 $832 - $849 -
1988 $865 - $880 -
1987 $765 - $916 -
1986 $611 - $784 -
1985 $510 - $571 -
1984 $726 - $536 -
1983 $843 - $564 -
1982 $843 - $652 -
1981 $925 - $683 -
1980 $908 - $772 -
1979 $714 - $716 -
1978 $610 - $589 -
1977 $563 - $540 -
1976 $521 - $541 -
1975 $568 - $547 -
1974 $536 - $417 -
1973 $463 - $381 -
1972 $315 - $342 -
1971 $301 - $291.1 -
1970 $254.2 - $290.5 -
1969 $245.2 - $287.3 -
1968 $190.4 - $311 -
1967 $182.8 - $305 -
1966 $192.7 - $315 -
1965 $181 - $314 -
1964 $171.6 - $318 -
1963 $146.4 - $309 -
1962 $127.1 - $307 -
1961 $121.8 - $308 -
1960 $101.6 - $300 -

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

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

Eswatini's GDP per capita is $3,910, ranking 131/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while Senegal ranks 158th at $5,071.

Economic indicators

Eswatini Senegal
Gross domestic product
$4.86B
2024
$32.8B
2024
GDP rank
162/197
2024
109/197
2024
GDP growth
2.97%
2023-2024
6.06%
2023-2024
GDP per capita
$3,910
2024
$1,773
2024
GDP per capita rank
131/197
2024
159/197
2024
GDP per capita, PPP
$11,799
2024
$5,071
2024
GDP per capita PPP rank
126/197
2024
158/197
2024
Government debt
$1.93B
2024
$42.1B
2024
Debt-to-GDP ratio
39.8%
2024
128.4%
2024
Government debt per person
$1,554
2024
$2,277
2024
Government debt per person rank
130/185
2024
115/185
2024
Average annual personal income after taxes
$3,913
2026
$2,194
2026
Market capitalization of domestic companies
$234M
2007
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
42.7%
2016
28.8%
2021
Income share by poorest 10%
1.4%
2016
3%
2021
Government expenditure, % of GDP
33.3%
2024
33.5%
2024
Consumer prices inflation
2.6%
2018-2019
0.8%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.6%
2023
5.78%
2024
Population
1273390
19491599

Spending and national debt comparison by year

Eswatini
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Eswatini Senegal
Government spending Government debt Government spending Government debt
2024 33.3% 39.8% 33.5% 128.4%
2023 32% 40% 35.5% 118.4%
2022 29.6% 40.5% 36.2% 105%
2021 30.1% 38.4% 33.6% 98.6%
2020 32.7% 38.2% 29.6% 90.2%
2019 32.9% 30.7% 34.3% 81.5%
2018 32.2% 27% 22.6% 61.5%
2017 33.9% 21.9% 22.5% 61.1%
2016 34.7% 20.5% 24% 47.5%
2015 35.3% 16.4% 22.9% 44.5%
2014 33.3% 14.3% 23.1% 42.4%
2013 29.4% 15.5% 22.1% 36.9%
2012 27.8% 15.2% 23% 34.5%
2011 26% 15.1% 23.3% 32.9%
2010 31.6% 14.5% 21.7% 34.6%
2009 34.5% 10.8% 21.1% 29.9%
2008 34.4% 15% 20.9% 19.1%
2007 31.2% 16.6% 22.2% 19%
2006 28.2% 15% 21.3% 17.5%
2005 29.7% 13.9% 18.7% 36.1%
2004 32% 15.5% 18.1% 38%
2003 26.4% 18% 17.1% 42.9%
2002 27.2% 17.6% 15.5% 52%
2001 26.4% 22.4% 15.7% 53.2%
2000 25.3% 18.7% 14% 57.5%
1999 26.5% 17.2% 14.6% 15%
1998 22.5% 15.9% 13.5% 18.8%
1997 21.2% 13% 14.1% 67.8%
1996 23.3% 12% 15.4% 0.07%
1995 20.5% 12.9% 14.4% 65.3%
1994 24.7% 13.8% 15.9% 77.3%
1993 24% 15.6% - -
1992 26% 16.6% - -
1991 20.3% 20.1% - -
1990 18.7% 20.4% - -
1989 15.8% 26.8% - -
1988 15.6% 27.5% - -
1987 17% 36.1% - -
1986 19.8% 44% - -
1985 22.3% 45.5% - -
1984 22.2% 29.7% - -
1983 23.2% 28.7% - -
1982 24% 29.2% - -
1981 23.8% 24.3% - -
1980 19.6% 27.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1995, retrieved 2026-02-20).

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

In 2024, Eswatini's government spending was $1.62B, accounting for 33.3% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 39.8% in Eswatini and 128.4% in Senegal, ranking 134/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Senegal
1x
Year Deficit/surplus, % of GDP
Eswatini Senegal
2024 -1.36% -13.4%
2023 -0.67% -14.8%
2022 -5.4% -16.1%
2021 -4.68% -13.7%
2020 -4.27% -9.64%
2019 -6.26% -13.9%
2018 -6.72% -3.66%
2017 -5.68% -2.97%
2016 -8.54% -3.27%
2015 -6.03% -3.66%
2014 -1.18% -3.9%
2013 0.59% -4.34%
2012 3.48% -4.18%
2011 -4.02% -4.92%
2010 -9.52% -3.94%
2009 -3.06% -3.66%
2008 1.63% -3.53%
2007 2.44% -2.8%
2006 8.88% -3.67%
2005 -1.7% -0.26%
2004 -4.1% 0.18%
2003 -2.15% -0.52%
2002 -3.78% 0.19%
2001 -2.31% -1.44%
2000 -1.22% 0.78%
1999 -1.27% -0.62%
1998 1.07% 0.93%
1997 2.11% 0.98%
1996 -1% 0.92%
1995 0.9% 2.41%
1994 -3.61% 5.9%
1993 -3.29% -
1992 -2.9% -
1991 3.4% -
1990 5.61% -
1989 5.82% -
1988 3.23% -
1987 2.03% -
1986 -2.41% -
1985 -1.33% -
1984 1.25% -
1983 -0.6% -
1982 0.11% -
1981 -4.29% -
1980 6.55% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Eswatini's government deficit, the difference between spending and revenue, was $66.2M, equivalent to 1.36% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Eswatini recorded a fiscal deficit in 23 of those years, while Senegal ran a deficit in 23 years. On average, Eswatini posted an annual deficit equal to 2.18% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Eswatini

Senegal
1x
Year Consumer prices inflation
Eswatini Senegal
2024 - 0.8%
2023 - 5.94%
2022 - 9.7%
2021 - 2.18%
2020 - 2.54%
2019 2.6% 1.76%
2018 4.82% 0.46%
2017 6.22% 1.32%
2016 7.85% 0.84%
2015 4.95% 0.14%
2014 5.68% -1.09%
2013 5.62% 0.71%
2012 8.94% 1.42%
2011 6.11% 3.4%
2010 4.51% 1.23%
2009 7.45% -2.25%
2008 12.7% 7.35%
2007 8.08% 5.85%
2006 5.3% 2.11%
2005 4.77% 1.71%
2004 3.45% 0.51%
2003 7.29% -0.05%
2002 12% 2.34%
2001 5.94% 2.97%
2000 12.2% 0.73%
1999 6.09% 0.83%
1998 8.11% 1.16%
1997 7.13% 1.75%

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

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

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 1.53% in Senegal. In 2019, inflation was 2.6% in Eswatini and 0.8% in Senegal.

Top exports between countries

Eswatini
Export category Export value
Processed food, beverages & tobacco $222K
Raw agricultural goods $10K
Wood & paper products $3K
Textiles & consumer goods $1K
Senegal
Export category Export value
Raw materials & minerals $3.59M
Processed food, beverages & tobacco $347K
Raw agricultural goods $15K
Textiles & consumer goods $8K

Balance of trade

Eswatini Senegal
Current account balance
$78.3M
2024
-$6.07B
2023
Current account balance ranking
69/190
2024
170/190
2023
Current account balance, % of GDP
+1.61%
2024
-19.8%
2023
Goods imports
$2.07B
2024
$10.8B
2023
Goods exports
$2.33B
2024
$5.52B
2023
Service imports
$542M
2024
$4.08B
2023
Service exports
$234M
2024
$1.48B
2023
Imports of goods and services, % of GDP
53.7%
2024
43.4%
2024
Exports of goods and services, % of GDP
53.8%
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.

Eswatini Senegal
Economic freedom 57.5 53.2
Economic freedom ranking 116/197 140/197
Property rights 42.5 57.4
Government integrity 29.7 47.3
Judicial effectiveness 35.5 50.5
Tax burden 78.6 68.8
Government spending 71 63.1
Fiscal health 87.5 0
Business freedom 49.9 55.2
Labor freedom 55.2 54.4
Monetary freedom 76.8 74.3
Trade freedom 73.6 67
Investment freedom 50 60
Financial freedom 40 40

Economic freedom comparison by year

Eswatini
Senegal
1x
Year Economic freedom index
Eswatini Senegal
2026 57.5 53.2
2025 56.4 56.4
2024 55.6 55.4
2023 54.9 57.7
2022 51.4 60
2021 55.1 58
2020 55.3 58
2019 54.7 56.3
2018 55.9 55.7
2017 61.1 55.9
2016 59.7 58.1
2015 59.9 57.8
2014 61.2 55.4
2013 57.2 55.5
2012 57.2 55.4
2011 59.1 55.7
2010 57.4 54.6
2009 59.1 56.3
2008 58.4 58.3
2007 60.1 58.1
2006 61.4 56.2
2005 59.4 57.9
2004 58.6 58.9
2003 59.6 58.1
2002 60.9 58.6
2001 63.6 58.7
2000 62.6 58.9
1999 62.1 60.6
1998 62 59.7
1997 59.4 58.1
1996 58.6 58.2
1995 63.3 -

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

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

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, 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

Eswatini Senegal
Services, % of GDP
51.4%
2024
48.4%
2024
Industry, % of GDP
34.7%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
6.48%
2024
16.6%
2024
GNI, Atlas method
$4.46B
2024
$31.1B
2024
GNI per capita, PPP
$10,760
2024
$4,920
2024
Total reserves including gold
$479M
2023
n/a
Total reserves ranking
159/177
2023
n/a
Net foreign direct investment
-$11.8M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$75.5M
2024
$2.02B
2024
Net outflows of foreign direct investment
$63.8M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
4.68%
2024
10.8%
2024
Poverty at national poverty lines
58.9%
2016
37.5%
2021
Gross capital formation, % of GDP
15%
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/eswatini/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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2023, 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.