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Economy of France vs Senegal compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $32.8B for Senegal, ranking 7/197 and 109/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

France vs Senegal GDP by year

France
Senegal
1x
Year GDP, current $
France Senegal
2024 $3,160,442,622,465 $32,808,056,601
2023 $3,056,250,648,138 $30,696,331,296
2022 $2,794,788,137,067 $27,783,332,223
2021 $2,966,433,692,008 $27,520,784,130
2020 $2,647,926,055,110 $24,530,513,038
2019 $2,722,793,515,172 $23,403,995,992
2018 $2,781,576,320,884 $23,116,701,556
2017 $2,588,868,323,335 $20,996,562,944
2016 $2,470,407,619,777 $19,040,312,333
2015 $2,442,483,452,643 $17,774,766,696
2014 $2,861,236,112,552 $19,797,253,440
2013 $2,816,077,607,875 $18,918,667,725
2012 $2,683,007,095,787 $17,660,870,412
2011 $2,870,408,553,990 $17,814,283,639
2010 $2,646,230,027,988 $16,121,315,909
2009 $2,700,075,882,519 $16,145,867,495
2008 $2,926,802,941,586 $16,853,989,628
2007 $2,655,816,911,867 $13,994,218,413
2006 $2,317,861,544,691 $11,697,918,243
2005 $2,192,146,403,028 $11,009,033,438
2004 $2,109,792,297,237 $10,076,816,667
2003 $1,835,095,983,049 $8,768,721,563
2002 $1,492,427,756,382 $7,006,402,320
2001 $1,370,376,677,299 $6,507,824,829
2000 $1,360,959,069,477 $6,013,185,004
1999 $1,486,915,879,702 $6,592,834,933
1998 $1,496,906,382,032 $6,505,607,909
1997 $1,449,392,222,971 $6,041,478,726
1996 $1,598,889,216,566 $6,559,712,166
1995 $1,595,219,345,512 $6,326,342,633
1994 $1,385,822,778,828 $5,034,588,196
1993 $1,314,383,368,080 $7,367,986,241
1992 $1,389,663,073,110 $7,769,817,840
1991 $1,258,961,748,634 $7,255,210,470
1990 $1,257,649,439,827 $7,390,967,360
1989 $1,016,742,237,302 $6,366,039,373
1988 $1,010,827,662,152 $6,418,419,389
1987 $926,320,855,615 $6,487,353,103
1986 $764,946,585,851 $5,392,093,446
1985 $547,220,981,165 $3,818,944,918
1984 $525,033,325,828 $3,485,165,432
1983 $553,356,312,936 $3,569,356,125
1982 $578,152,310,610 $4,013,951,443
1981 $609,184,791,792 $4,095,892,781
1980 $694,529,183,483 $4,510,108,291
1979 $608,218,624,730 $4,084,877,823
1978 $501,724,418,605 $3,280,354,921
1977 $406,401,711,688 $2,938,046,463
1976 $368,363,152,144 $2,869,777,884
1975 $357,324,307,786 $2,830,388,405
1974 $282,739,225,314 $2,099,325,229
1973 $261,970,536,240 $1,863,398,590
1972 $201,738,881,664 $1,620,857,104
1971 $164,694,210,962 $1,339,549,033
1970 $147,312,861,698 $1,297,407,655
1969 $140,660,914,841 $1,245,234,931
1968 $128,710,572,572 $1,309,384,862
1967 $118,088,635,381 $1,246,480,766
1966 $109,306,730,313 $1,246,908,186
1965 $100,927,668,584 $1,210,058,228
1964 $93,424,179,943 $1,188,930,645
1963 $84,227,606,650 $1,122,139,862
1962 $75,196,980,365 $1,085,475,791
1961 $67,158,050,215 $1,058,975,257
1960 $61,959,085,885 $1,003,692,370

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

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

GDP per capita in France vs Senegal by year

France
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $1,773 $5,071
2023 $44,700 $60,839 $1,698 $4,778
2022 $40,989 $57,043 $1,574 $4,530
2021 $43,725 $52,517 $1,598 $4,174
2020 $39,170 $49,482 $1,461 $3,753
2019 $40,408 $51,130 $1,431 $3,648
2018 $41,418 $46,381 $1,453 $3,380
2017 $38,687 $44,469 $1,357 $3,234
2016 $37,024 $42,880 $1,266 $3,101
2015 $36,702 $40,905 $1,218 $2,994
2014 $43,148 $40,218 $1,399 $2,854
2013 $42,669 $39,583 $1,380 $2,769
2012 $40,864 $37,671 $1,327 $2,764
2011 $43,930 $37,510 $1,375 $2,685
2010 $40,695 $35,908 $1,276 $2,663
2009 $41,728 $34,685 $1,309 $2,606
2008 $45,465 $35,053 $1,399 $2,581
2007 $41,486 $34,066 $1,189 $2,499
2006 $36,432 $32,424 $1,017 $2,422
2005 $34,696 $30,431 $980 $2,350
2004 $33,645 $28,921 $918 $2,236
2003 $29,480 $28,024 $818 $2,131
2002 $24,145 $28,350 $669 $2,027
2001 $22,332 $27,347 $637 $2,044
2000 $22,341 $26,007 $603 $1,963
1999 $24,576 $24,204 $678 $1,893
1998 $24,869 $23,263 $685 $1,798
1997 $24,169 $22,190 $651 $1,719
1996 $26,758 $21,268 $723 $1,679
1995 $26,792 $20,701 $715 $1,656
1994 $23,360 $19,892 $584 $1,578
1993 $22,239 $19,094 $878 $1,588
1992 $23,615 $18,801 $951 $1,573
1991 $21,501 $18,198 $913 $1,561
1990 $21,586 $17,475 $957 $1,513
1989 $17,547 - $849 -
1988 $17,550 - $880 -
1987 $16,176 - $916 -
1986 $13,430 - $784 -
1985 $9,657 - $571 -
1984 $9,312 - $536 -
1983 $9,862 - $564 -
1982 $10,360 - $652 -
1981 $10,956 - $683 -
1980 $12,565 - $772 -
1979 $11,063 - $716 -
1978 $9,167 - $589 -
1977 $7,459 - $540 -
1976 $6,792 - $541 -
1975 $6,617 - $547 -
1974 $5,261 - $417 -
1973 $4,907 - $381 -
1972 $3,809 - $342 -
1971 $3,137 - $291.1 -
1970 $2,833 - $290.5 -
1969 $2,729 - $287.3 -
1968 $2,518 - $311 -
1967 $2,328 - $305 -
1966 $2,173 - $315 -
1965 $2,024 - $314 -
1964 $1,891 - $318 -
1963 $1,723 - $309 -
1962 $1,554 - $307 -
1961 $1,402 - $308 -
1960 $1,307 - $300 -

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

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

France's GDP per capita is $46,103, ranking 27/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Senegal ranks 158th at $5,071.

Economic indicators

France Senegal
Gross domestic product
$3.16T
2024
$32.8B
2024
GDP rank
7/197
2024
109/197
2024
GDP growth
1.19%
2023-2024
6.06%
2023-2024
GDP per capita
$46,103
2024
$1,773
2024
GDP per capita rank
27/197
2024
159/197
2024
GDP per capita, PPP
$62,557
2024
$5,071
2024
GDP per capita PPP rank
30/197
2024
158/197
2024
Government debt
$3.58T
2024
$42.1B
2024
Debt-to-GDP ratio
113.1%
2024
128.4%
2024
Government debt per person
$52,165
2024
$2,277
2024
Government debt per person rank
8/185
2024
115/185
2024
Average annual personal income after taxes
$35,669
2026
$2,194
2026
Market capitalization of domestic companies
$2.37T
2018
n/a
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
n/a
Income share by richest 10%
25%
2023
28.8%
2021
Income share by poorest 10%
3%
2023
3%
2021
Government expenditure, % of GDP
57.2%
2024
33.5%
2024
Consumer prices inflation
2%
2023-2024
0.8%
2023-2024
Unemployment rate
7.44%
2024
5.78%
2024
Population
68788006
19491599

Spending and national debt comparison by year

France
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
France Senegal
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 33.5% 128.4%
2023 56.8% 109.6% 35.5% 118.4%
2022 58.4% 111.4% 36.2% 105%
2021 59.5% 112.8% 33.6% 98.6%
2020 61.7% 114.9% 29.6% 90.2%
2019 55.3% 98.1% 34.3% 81.5%
2018 56.4% 98.5% 22.6% 61.5%
2017 57.7% 98.7% 22.5% 61.1%
2016 57.4% 98.1% 24% 47.5%
2015 57.6% 96.9% 22.9% 44.5%
2014 58.4% 96.1% 23.1% 42.4%
2013 58.6% 94.5% 22.1% 36.9%
2012 57.9% 91.7% 23% 34.5%
2011 57% 88.7% 23.3% 32.9%
2010 57.7% 86.3% 21.7% 34.6%
2009 58% 84.1% 21.1% 29.9%
2008 54.3% 69.8% 20.9% 19.1%
2007 53.6% 65.5% 22.2% 19%
2006 53.7% 65.4% 21.3% 17.5%
2005 54.3% 68.2% 18.7% 36.1%
2004 54% 66.9% 18.1% 38%
2003 54.4% 65.4% 17.1% 42.9%
2002 53.9% 61.3% 15.5% 52%
2001 52.8% 59.3% 15.7% 53.2%
2000 52.6% 59.7% 14% 57.5%
1999 53.7% 61.4% 14.6% 15%
1998 54% 62.1% 13.5% 18.8%
1997 55.6% 62% 14.1% 67.8%
1996 56% 60.6% 15.4% 0.07%
1995 56% 57.8% 14.4% 65.3%
1994 55.9% 51.6% 15.9% 77.3%
1993 56.5% 48.2% - -
1992 54% 41.7% - -
1991 52.7% 37.8% - -
1990 51.6% 36.8% - -
1989 48.9% 34% - -
1988 50.1% 33.3% - -
1987 50.7% 33.4% - -
1986 51.3% 31.1% - -
1985 51.9% 30.6% - -
1984 51.2% 29% - -
1983 50.2% 26.6% - -
1982 49.9% 25.3% - -
1981 48.5% 22% - -
1980 46% 20.7% - -
1979 44.9% 21.1% - -
1978 44.7% 21.2% - -
1977 21.4% 15% - -
1976 21.7% 15.1% - -
1975 22% 16.1% - -
1974 19.9% 15.4% - -
1973 19.7% 15.8% - -
1972 19.8% 17.7% - -
1971 20% 20.1% - -
1970 20.5% 21% - -
1969 21.5% 14.4% - -
1968 22.7% 15.8% - -
1967 21.4% 16.1% - -
1966 21.4% 15.3% - -
1965 21.1% 17.6% - -
1964 21% 19.6% - -
1963 22.6% 22.2% - -
1962 21.7% 23.6% - -
1961 21.9% 26.3% - -
1960 22.2% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 113.1% in France and 128.4% in Senegal, ranking 14/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
France

Senegal
1x
Year Deficit/surplus, % of GDP
France Senegal
2024 -5.77% -13.4%
2023 -5.44% -14.8%
2022 -4.74% -16.1%
2021 -6.58% -13.7%
2020 -8.93% -9.64%
2019 -2.39% -13.9%
2018 -2.32% -3.66%
2017 -3.36% -2.97%
2016 -3.76% -3.27%
2015 -3.89% -3.66%
2014 -4.57% -3.9%
2013 -4.94% -4.34%
2012 -5.17% -4.18%
2011 -5.3% -4.92%
2010 -7.16% -3.94%
2009 -7.38% -3.66%
2008 -3.5% -3.53%
2007 -2.99% -2.8%
2006 -2.66% -3.67%
2005 -3.5% -0.26%
2004 -3.55% 0.18%
2003 -4.09% -0.52%
2002 -3.18% 0.19%
2001 -1.42% -1.44%
2000 -1.32% 0.78%
1999 -1.55% -0.62%
1998 -2.39% 0.93%
1997 -3.71% 0.98%
1996 -3.89% 0.92%
1995 -5.11% 2.41%
1994 -5.46% 5.9%
1993 -6.4% -
1992 -4.64% -
1991 -2.89% -
1990 -2.45% -
1989 -1.9% -
1988 -2.7% -
1987 -2.13% -
1986 -3.3% -
1985 -3.08% -
1984 -2.8% -
1983 -2.58% -
1982 -2.91% -
1981 -2.39% -
1980 -0.27% -
1979 -0.36% -
1978 -1.73% -
1977 0.9% -
1976 1.01% -
1975 -0.28% -
1974 3.05% -
1973 1.97% -
1972 1.94% -
1971 -0.13% -
1970 0.02% -
1969 -0.49% -
1968 -2.54% -
1967 -0.8% -
1966 -0.57% -
1965 -0.07% -
1964 -0.25% -
1963 -2.24% -
1962 -1.53% -
1961 -1.36% -
1960 -1.95% -
1959 0.56% -
1958 0.08% -
1957 -1.99% -
1956 -2.62% -
1955 -1.04% -
1954 -0.78% -
1953 -4.79% -
1952 -6.82% -
1951 -4.42% -
1950 -5.56% -
1949 -7.31% -
1948 -9.11% -
1947 -7.6% -
1946 -8.1% -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -6.89% -
1936 -4.76% -
1935 -4.22% -
1934 -4.31% -
1933 -4.96% -
1932 -1.86% -
1931 -2.06% -
1930 -1.65% -
1929 1.48% -
1928 1.13% -
1927 -0.04% -
1926 -0.02% -
1925 -0.87% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.05% -
1912 0.23% -
1911 0.31% -
1910 -0.12% -
1909 -0.11% -
1908 -0.15% -
1907 0.23% -
1906 -0.04% -
1905 0.18% -
1904 0.3% -
1903 0.21% -
1902 -0.37% -
1901 -0.39% -
1900 0.21% -
1899 0.21% -
1898 0.29% -
1897 0.01% -
1896 -0.03% -
1895 -0.07% -
1894 -0.08% -
1893 -0.3% -
1892 -0.03% -
1891 0.36% -
1890 0.31% -
1889 0.09% -
1888 0.18% -
1887 -0.07% -
1886 -0.5% -
1885 -0.59% -
1884 -0.35% -
1883 -0.23% -
1882 -0.15% -
1881 0.64% -
1880 0.65% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, France's government deficit, the difference between spending and revenue, was $182B, equivalent to 5.77% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, France recorded a fiscal deficit in 31 of those years, while Senegal ran a deficit in 23 years. On average, France posted an annual deficit equal to 4.19% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
France

Senegal
1x
Year Consumer prices inflation
France Senegal
2024 2% 0.8%
2023 4.88% 5.94%
2022 5.22% 9.7%
2021 1.64% 2.18%
2020 0.48% 2.54%
2019 1.11% 1.76%
2018 1.85% 0.46%
2017 1.03% 1.32%
2016 0.18% 0.84%
2015 0.04% 0.14%
2014 0.51% -1.09%
2013 0.86% 0.71%
2012 1.95% 1.42%
2011 2.11% 3.4%
2010 1.53% 1.23%
2009 0.09% -2.25%
2008 2.81% 7.35%
2007 1.49% 5.85%
2006 1.68% 2.11%
2005 1.75% 1.71%
2004 2.14% 0.51%
2003 2.1% -0.05%
2002 1.92% 2.34%
2001 1.63% 2.97%
2000 1.68% 0.73%
1999 0.54% 0.83%
1998 0.65% 1.16%
1997 1.2% 1.75%

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

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

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 2.01% in Senegal. In 2024, inflation was 2% in France and 0.8% in Senegal.

Top exports between countries

France
Export category Export value
Machinery & equipment $374M
Chemicals & pharma $218M
Raw materials & minerals $189M
Processed food, beverages & tobacco $125M
Raw agricultural goods $108M
Textiles & consumer goods $55.9M
Metals $54.5M
Animal & marine products $53M
Wood & paper products $15M
Miscellaneous $13.3M
Senegal
Export category Export value
Animal & marine products $25.9M
Machinery & equipment $18.3M
Raw agricultural goods $14M
Raw materials & minerals $6.78M
Processed food, beverages & tobacco $6.14M
Chemicals & pharma $4.93M
Textiles & consumer goods $4.84M
Precious metals & jewellery $890K
Wood & paper products $653K
Metals $542K

Balance of trade

France Senegal
Current account balance
$2.69B
2024
-$6.07B
2023
Current account balance ranking
42/190
2024
170/190
2023
Current account balance, % of GDP
+0.09%
2024
-19.8%
2023
Goods imports
$733B
2024
$10.8B
2023
Goods exports
$668B
2024
$5.52B
2023
Service imports
$341B
2024
$4.08B
2023
Service exports
$403B
2024
$1.48B
2023
Imports of goods and services, % of GDP
34.2%
2024
43.4%
2024
Exports of goods and services, % of GDP
33.9%
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.

France Senegal
Economic freedom 64.6 53.2
Economic freedom ranking 72/197 140/197
Property rights 91.2 57.4
Government integrity 73.4 47.3
Judicial effectiveness 84.7 50.5
Tax burden 54.6 68.8
Government spending 0.9 63.1
Fiscal health 34.8 0
Business freedom 78.4 55.2
Labor freedom 59.1 54.4
Monetary freedom 73.2 74.3
Trade freedom 79.4 67
Investment freedom 75 60
Financial freedom 70 40

Economic freedom comparison by year

France
Senegal
1x
Year Economic freedom index
France Senegal
2026 64.6 53.2
2025 64.4 56.4
2024 62.5 55.4
2023 63.6 57.7
2022 65.9 60
2021 65.7 58
2020 66 58
2019 63.8 56.3
2018 63.9 55.7
2017 63.3 55.9
2016 62.3 58.1
2015 62.5 57.8
2014 63.5 55.4
2013 64.1 55.5
2012 63.2 55.4
2011 64.6 55.7
2010 64.2 54.6
2009 63.3 56.3
2008 64.7 58.3
2007 62.1 58.1
2006 61.1 56.2
2005 60.5 57.9
2004 60.9 58.9
2003 59.2 58.1
2002 58 58.6
2001 58 58.7
2000 57.4 58.9
1999 59.1 60.6
1998 58.9 59.7
1997 59.1 58.1
1996 63.7 58.2
1995 64.4 -

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, 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

France Senegal
Services, % of GDP
70.9%
2024
48.4%
2024
Industry, % of GDP
17.2%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
16.6%
2024
GNI, Atlas method
$3.1T
2024
$31.1B
2024
GNI per capita, PPP
$63,880
2024
$4,920
2024
Total reserves including gold
$283B
2024
n/a
Total reserves ranking
13/177
2024
n/a
Net foreign direct investment
-$10.3B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$52.1B
2024
$2.02B
2024
Net outflows of foreign direct investment
$41.7B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
15.6%
2021
37.5%
2021
Gross capital formation, % of GDP
21.5%
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/france/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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1995, retrieved 2026-02-20)
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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.