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Economy of Ethiopia vs Senegal compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $37B for Senegal, ranking 66/197 and 107/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $48.2B (130.2% of GDP) in Senegal.

Ethiopia vs Senegal GDP by year

Ethiopia
Senegal
1x
Year GDP, current $
Ethiopia Senegal
2025 $126,358,758,448 $37,006,536,238
2024 $149,740,297,952 $32,169,996,052
2023 $135,874,093,203 $30,696,331,296
2022 $123,140,304,665 $27,783,332,223
2021 $109,070,960,371 $27,520,784,130
2020 $98,676,811,062 $24,530,513,038
2019 $91,834,517,114 $23,403,995,992
2018 $83,337,901,072 $23,116,701,556
2017 $76,366,081,767 $20,965,069,573
2016 $68,475,871,210 $19,040,312,333
2015 $62,103,418,182 $17,774,766,696
2014 $55,612,228,234 $19,797,253,440
2013 $47,648,276,605 $18,918,667,725
2012 $43,310,721,414 $17,660,870,412
2011 $31,952,763,089 $17,814,283,639
2010 $29,933,790,334 $16,121,315,909
2009 $32,437,389,116 $16,145,867,495
2008 $27,066,912,635 $16,853,989,628
2007 $19,707,616,773 $13,994,218,413
2006 $15,280,861,835 $11,697,918,243
2005 $12,401,139,454 $11,009,033,438
2004 $10,131,187,261 $10,076,816,667
2003 $8,623,691,300 $8,768,721,563
2002 $7,850,809,498 $7,006,402,320
2001 $8,231,326,016 $6,507,824,829
2000 $8,242,349,618 $6,013,185,004
1999 $7,892,973,532 $6,592,834,933
1998 $8,013,274,132 $6,505,607,909
1997 $8,803,539,988 $6,041,478,726
1996 $8,761,215,548 $6,559,712,166
1995 $7,855,205,207 $6,326,342,633
1994 $7,100,806,754 $5,034,588,196
1993 $9,051,043,870 $7,367,986,241
1992 $10,754,799,037 $7,769,817,840
1991 $13,799,799,324 $7,255,210,470
1990 $12,478,943,895 $7,390,967,360
1989 $11,762,932,007 $6,366,039,373
1988 $11,181,119,718 $6,418,419,389
1987 $10,790,001,558 $6,487,353,103
1986 $10,094,328,898 $5,392,093,446
1985 $9,717,392,687 $3,818,944,918
1984 $8,298,309,581 $3,485,165,432
1983 $8,781,664,427 $3,569,356,125
1982 $7,899,988,841 $4,013,951,443
1981 $7,507,663,567 $4,095,892,781
1980 $7,012,585,454 $4,510,108,291
1979 $6,586,048,398 $4,084,877,823
1978 $6,014,961,435 $3,280,354,921
1977 $5,651,840,585 $2,938,046,463
1976 $4,943,806,093 $2,869,777,884
1975 $4,577,047,854 $2,830,388,405
1974 $4,577,209,966 $2,099,325,229
1973 $4,070,570,550 $1,863,398,590
1972 $3,520,252,938 $1,620,857,104
1971 $3,224,280,835 $1,339,549,033
1970 $3,045,354,455 $1,297,407,655
1969 $2,768,987,372 $1,245,234,931
1968 $2,619,948,865 $1,309,384,862
1967 $2,461,762,003 $1,246,480,766
1966 $2,324,466,416 $1,246,908,186
1965 $2,159,998,591 $1,210,058,228
1964 $1,984,129,186 $1,188,930,645
1963 $1,825,058,828 $1,122,139,862
1962 $1,747,566,307 $1,085,475,791
1961 $1,680,859,514 $1,058,975,257
1960 $1,610,511,694 $1,003,692,370

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ethiopia vs Senegal by year

Ethiopia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $1,955 -
2024 $1,134 $3,288 $1,739 $5,071
2023 $1,056 $3,061 $1,698 $4,778
2022 $982 $2,845 $1,574 $4,530
2021 $893 $2,588 $1,598 $4,174
2020 $830 $2,407 $1,461 $3,753
2019 $793 $2,242 $1,431 $3,648
2018 $740 $2,095 $1,453 $3,380
2017 $696 $2,005 $1,355 $3,234
2016 $642 $1,858 $1,266 $3,101
2015 $598 $1,633 $1,218 $2,994
2014 $550 $1,485 $1,399 $2,854
2013 $484 $1,253 $1,380 $2,769
2012 $452 $1,179 $1,327 $2,764
2011 $343 $1,098 $1,375 $2,685
2010 $331 $996 $1,276 $2,663
2009 $369 $899 $1,309 $2,606
2008 $316 $845 $1,399 $2,581
2007 $237.1 $770 $1,189 $2,499
2006 $189.3 $693 $1,017 $2,422
2005 $158.2 $625 $980 $2,350
2004 $133.2 $558 $918 $2,236
2003 $116.8 $493 $818 $2,131
2002 $109.6 $509 $669 $2,027
2001 $118.5 $509 $637 $2,044
2000 $122.3 $474 $603 $1,963
1999 $120.7 $450 $678 $1,893
1998 $126.5 $436 $685 $1,798
1997 $143.4 $461 $651 $1,719
1996 $147.3 $453 $723 $1,679
1995 $136.5 $409 $715 $1,656
1994 $127.7 $391 $584 $1,578
1993 $168.5 $384 $878 $1,588
1992 $207.4 $343 $951 $1,573
1991 $277.6 $383 $913 $1,561
1990 $262.1 $417 $957 $1,513
1989 $256.4 - $849 -
1988 $253.2 - $880 -
1987 $254.1 - $916 -
1986 $246 - $784 -
1985 $243.9 - $571 -
1984 $214.2 - $536 -
1983 $232.7 - $564 -
1982 $215.3 - $652 -
1981 $212.7 - $683 -
1980 $203.7 - $772 -
1979 $192.4 - $716 -
1978 $178.3 - $589 -
1977 $170.4 - $540 -
1976 $152 - $541 -
1975 $144.3 - $547 -
1974 $147.9 - $417 -
1973 $134.9 - $381 -
1972 $119.8 - $342 -
1971 $112.7 - $291.1 -
1970 $109.4 - $290.5 -
1969 $102.3 - $287.3 -
1968 $99.5 - $311 -
1967 $96.1 - $305 -
1966 $93.2 - $315 -
1965 $88.9 - $314 -
1964 $83.8 - $318 -
1963 $79.2 - $309 -
1962 $77.8 - $307 -
1961 $76.7 - $308 -
1960 $75.3 - $300 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $1,955 in Senegal, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while Senegal ranks 158th at $5,071.

Economic indicators

Ethiopia Senegal
Gross domestic product
$126B
2025
$37B
2025
GDP rank
66/197
2025
107/197
2025
GDP growth
9.77%
2024-2025
6.68%
2024-2025
GDP per capita
$933
2025
$1,955
2025
GDP per capita rank
182/197
2025
160/197
2025
GDP per capita, PPP
$3,288
2024
$5,071
2024
GDP per capita PPP rank
175/197
2024
158/197
2024
Government debt
$54.4B
2025
$48.2B
2025
Debt-to-GDP ratio
43.1%
2025
130.2%
2025
Government debt per person
$402
2025
$2,544
2025
Government debt per person rank
172/185
2025
112/185
2025
Average annual personal income after taxes
$2,030
2026
$1,979
2026
Income share by richest 10%
24.8%
2021
28.8%
2021
Income share by poorest 10%
3.5%
2021
3%
2021
Government expenditure, % of GDP
12%
2025
29.2%
2025
Consumer prices inflation
13.2%
2024-2025
1.46%
2024-2025
Unemployment rate
3.94%
2021
5.78%
2024
Population
140722974
19596169

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Ethiopia Senegal
Government spending Government debt Government spending Government debt
2025 12% 43.1% 29.2% 130.2%
2024 9.54% 33.4% 33.5% 132.4%
2023 10.8% 38.7% 35.5% 118.4%
2022 12.7% 46.9% 36.1% 104.7%
2021 13.8% 53.8% 33.7% 98.7%
2020 14.5% 53.2% 29.6% 90.1%
2019 15.4% 54.7% 34.3% 81.5%
2018 16.1% 58.4% 22.6% 61.5%
2017 18% 55.3% 22.5% 61.1%
2016 17.9% 51.8% 24% 47.5%
2015 17.3% 50.7% 22.9% 44.5%
2014 17.5% 44.2% 23.1% 42.4%
2013 17.8% 44.1% 22.1% 36.9%
2012 16.6% 39.4% 23% 34.5%
2011 18.2% 44.6% 23.3% 32.9%
2010 18.5% 39.4% 21.7% 34.6%
2009 17.1% 30% 21.1% 29.9%
2008 18.8% 56.1% 20.9% 19.1%
2007 20.5% 55.7% 22.2% 19%
2006 22.1% 79.6% 21.3% 17.5%
2005 22.9% 78.2% 18.7% 36.1%
2004 23.1% 103.1% 18.1% 38%
2003 27% 103.7% 17.1% 42.9%
2002 24.9% 107.4% 15.5% 52%
2001 22.4% 97.3% 15.7% 53.2%
2000 25.6% 93.6% 14% 57.5%
1999 26.8% 97.8% 14.6% 15%
1998 21.1% 89.3% 13.5% 18.8%
1997 17.9% 80.3% 14.1% 67.8%
1996 18.8% 132.8% 15.4% 0.07%
1995 17.4% 146.6% 14.4% 65.3%
1994 17.6% 155.2% 15.9% 77.3%
1993 13.8% 141% - -
1992 14.2% 87.9% - -
1991 17.3% 89.3% - -
1990 20.9% 91.6% - -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1995, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while Senegal spent $10.8B, or 29.2% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 130.2% in Senegal, ranking 122/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Senegal
1x
Year Deficit/surplus, % of GDP
Ethiopia Senegal
2025 -1.19% -7.9%
2024 -1.99% -13.4%
2023 -2.6% -14.8%
2022 -4.16% -16.1%
2021 -2.77% -13.7%
2020 -2.76% -9.62%
2019 -2.53% -13.9%
2018 -3.03% -3.66%
2017 -3.24% -2.97%
2016 -2.3% -3.27%
2015 -1.95% -3.66%
2014 -2.58% -3.9%
2013 -1.93% -4.34%
2012 -1.17% -4.18%
2011 -1.61% -4.92%
2010 -1.32% -3.94%
2009 -0.93% -3.66%
2008 -2.88% -3.53%
2007 -3.57% -2.8%
2006 -3.79% -3.67%
2005 -4.12% -0.26%
2004 -2.65% 0.18%
2003 -5.59% -0.52%
2002 -5.76% 0.19%
2001 -3.76% -1.44%
2000 -8.88% 0.78%
1999 -8.54% -0.62%
1998 -3.65% 0.93%
1997 -1.76% 0.98%
1996 -3.93% 0.92%
1995 -2.76% 2.41%
1994 -5.39% 5.9%
1993 -4.12% -
1992 -4.92% -
1991 -6% -
1990 -6.86% -
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

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

In 2025, Ethiopia's government deficit, the difference between spending and revenue, was $1.5B, equivalent to 1.19% of GDP. This compares to Senegal's deficit of $2.92B, or 7.9% of GDP.

Over the past 32 years, Ethiopia recorded a fiscal deficit in 32 of those years, while Senegal ran a deficit in 24 years. On average, Ethiopia posted an annual deficit equal to 3.28% of GDP, compared to deficit of 4.01% of GDP for Senegal.

Inflation comparison by year

Inflation
Ethiopia

Senegal
1x
Year Consumer prices inflation
Ethiopia Senegal
2025 13.2% 1.46%
2024 21% 0.8%
2023 30.2% 5.94%
2022 33.9% 9.7%
2021 26.8% 2.18%
2020 20.4% 2.54%
2019 15.8% 1.76%
2018 13.8% 0.46%
2017 10.7% 1.32%
2016 6.63% 0.84%
2015 9.57% 0.14%
2014 6.89% -1.09%
2013 7.46% 0.71%
2012 23.6% 1.42%
2011 33.2% 3.4%
2010 8.15% 1.23%
2009 8.48% -2.25%
2008 44.4% 7.35%
2007 17.2% 5.85%
2006 12.3% 2.11%
2005 9.97% 1.71%
2004 3.33% 0.51%
2003 13.7% -0.05%
2002 0.68% 2.34%
2001 -8.24% 2.97%
2000 0.66% 0.73%
1999 7.94% 0.83%
1998 0.89% 1.16%
1997 2.4% 1.75%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 1.99% in Senegal. In 2025, inflation was 13.2% in Ethiopia and 1.46% in Senegal.

Top exports between countries

Ethiopia
Export category Export value
Textiles & consumer goods $33K
Machinery & equipment $13K
Raw agricultural goods $7K
Wood & paper products $7K
Miscellaneous $3K
Precious metals & jewellery $2K
Chemicals & pharma $1K
Senegal
Export category Export value
Precious metals & jewellery $174K
Textiles & consumer goods $64K
Chemicals & pharma $28K
Animal & marine products $9K
Machinery & equipment $8K
Raw materials & minerals $3K

Balance of trade

Ethiopia Senegal
Current account balance
-$3.79B
2024
-$6.07B
2023
Current account balance ranking
154/190
2024
168/190
2023
Current account balance, % of GDP
-2.53%
2024
-19.8%
2023
Goods imports
$19.6B
2024
$10.8B
2023
Goods exports
$5.58B
2024
$5.52B
2023
Service imports
$5.51B
2024
$4.08B
2023
Service exports
$7.61B
2024
$1.48B
2023
Imports of goods and services, % of GDP
20.2%
2025
38.6%
2025
Exports of goods and services, % of GDP
13.3%
2025
32.5%
2025

Economic freedom indices

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

Ethiopia Senegal
Economic freedom 48.1 53.2
Economic freedom ranking 171/197 140/197
Property rights 22.1 57.4
Government integrity 33.2 47.3
Judicial effectiveness 19.1 50.5
Tax burden 78.6 68.8
Government spending 96.4 63.1
Fiscal health 84.3 0
Business freedom 44.5 55.2
Labor freedom 37.8 54.4
Monetary freedom 53.7 74.3
Trade freedom 57.4 67
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Ethiopia
Senegal
1x
Year Economic freedom index
Ethiopia Senegal
2026 48.1 53.2
2025 48.1 56.4
2024 47.9 55.4
2023 48.3 57.7
2022 49.6 60
2021 51.7 58
2020 53.6 58
2019 53.6 56.3
2018 52.8 55.7
2017 52.7 55.9
2016 51.5 58.1
2015 51.5 57.8
2014 50 55.4
2013 49.4 55.5
2012 52 55.4
2011 50.5 55.7
2010 51.2 54.6
2009 53 56.3
2008 52.5 58.3
2007 53.6 58.1
2006 50.9 56.2
2005 51.1 57.9
2004 54.5 58.9
2003 48.8 58.1
2002 49.8 58.6
2001 48.9 58.7
2000 50.2 58.9
1999 46.7 60.6
1998 49.2 59.7
1997 48.1 58.1
1996 45.9 58.2
1995 42.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Senegal
Services, % of GDP
36.6%
2025
46.3%
2025
Industry, % of GDP
27.8%
2025
26.1%
2025
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
17.1%
2025
GNI, Atlas method
$151B
2025
$33.6B
2025
GNI per capita, PPP
$3,620
2025
$5,100
2025
Total reserves including gold
$3.78B
2024
n/a
Total reserves ranking
113/177
2024
n/a
Net foreign direct investment
-$4.02B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$4.02B
2024
$2.02B
2024
Net outflows of foreign direct investment
$0
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
11.3%
2024
Poverty at national poverty lines
33.1%
2021
37.5%
2021
Gross capital formation, % of GDP
20.1%
2025
26.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1995, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.