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Economy of Guyana vs Senegal compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $32.8B for Senegal, ranking 120/197 and 109/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Guyana vs Senegal GDP by year

Guyana
Senegal
1x
Year GDP, current $
Guyana Senegal
2024 $24,662,709,832 $32,808,056,601
2023 $16,918,503,597 $30,696,331,296
2022 $14,718,388,489 $27,783,332,223
2021 $8,041,362,110 $27,520,784,130
2020 $5,471,256,595 $24,530,513,038
2019 $5,173,760,192 $23,403,995,992
2018 $4,787,636,998 $23,116,701,556
2017 $4,748,174,334 $20,996,562,944
2016 $4,482,697,337 $19,040,312,333
2015 $4,279,840,194 $17,774,766,696
2014 $4,127,660,152 $19,797,253,440
2013 $4,167,800,929 $18,918,667,725
2012 $4,063,088,536 $17,660,870,412
2011 $3,691,384,318 $17,814,283,639
2010 $3,432,912,517 $16,121,315,909
2009 $3,165,663,153 $16,145,867,495
2008 $3,025,187,433 $16,853,989,628
2007 $2,730,971,595 $13,994,218,413
2006 $2,379,817,991 $11,697,918,243
2005 $824,880,550 $11,009,033,438
2004 $787,814,379 $10,076,816,667
2003 $743,063,950 $8,768,721,563
2002 $726,131,435 $7,006,402,320
2001 $712,167,450 $6,507,824,829
2000 $712,667,897 $6,013,185,004
1999 $694,754,988 $6,592,834,933
1998 $717,530,683 $6,505,607,909
1997 $749,138,010 $6,041,478,726
1996 $705,406,001 $6,559,712,166
1995 $621,626,786 $6,326,342,633
1994 $540,874,934 $5,034,588,196
1993 $454,101,382 $7,367,986,241
1992 $373,573,141 $7,769,817,840
1991 $348,533,095 $7,255,210,470
1990 $396,582,263 $7,390,967,360
1989 $379,779,390 $6,366,039,373
1988 $413,799,990 $6,418,419,389
1987 $354,591,847 $6,487,353,103
1986 $504,651,140 $5,392,093,446
1985 $453,488,372 $3,818,944,918
1984 $437,631,605 $3,485,165,432
1983 $489,333,333 $3,569,356,125
1982 $482,000,000 $4,013,951,443
1981 $570,357,107 $4,095,892,781
1980 $603,200,000 $4,510,108,291
1979 $530,440,000 $4,084,877,823
1978 $507,080,000 $3,280,354,921
1977 $449,880,000 $2,938,046,463
1976 $454,440,000 $2,869,777,884
1975 $494,791,667 $2,830,388,405
1974 $433,954,545 $2,099,325,229
1973 $307,047,619 $1,863,398,590
1972 $285,380,952 $1,620,857,104
1971 $282,050,000 $1,339,549,033
1970 $267,800,000 $1,297,407,655
1969 $249,300,000 $1,245,234,931
1968 $229,750,000 $1,309,384,862
1967 $250,176,471 $1,246,480,766
1966 $228,705,882 $1,246,908,186
1965 $213,235,294 $1,210,058,228
1964 $194,774,513 $1,188,930,645
1963 $175,757,894 $1,122,139,862
1962 $194,949,513 $1,085,475,791
1961 $185,849,535 $1,058,975,257
1960 $170,216,241 $1,003,692,370

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

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

GDP per capita in Guyana vs Senegal by year

Guyana
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $1,773 $5,071
2023 $20,474 $54,729 $1,698 $4,778
2022 $17,913 $39,711 $1,574 $4,530
2021 $9,861 $22,866 $1,598 $4,174
2020 $6,776 $16,819 $1,461 $3,753
2019 $6,406 $13,241 $1,431 $3,648
2018 $6,048 $12,443 $1,453 $3,380
2017 $6,179 $12,243 $1,357 $3,234
2016 $5,871 $11,516 $1,266 $3,101
2015 $5,640 $11,408 $1,218 $2,994
2014 $5,473 $11,145 $1,399 $2,854
2013 $5,557 $11,200 $1,380 $2,769
2012 $5,444 $10,627 $1,327 $2,764
2011 $4,947 $10,066 $1,375 $2,685
2010 $4,582 $9,337 $1,276 $2,663
2009 $4,209 $8,824 $1,309 $2,606
2008 $4,009 $8,437 $1,399 $2,581
2007 $3,608 $8,110 $1,189 $2,499
2006 $3,136 $7,346 $1,017 $2,422
2005 $1,084 $6,761 $980 $2,350
2004 $1,033 $6,673 $918 $2,236
2003 $974 $6,392 $818 $2,131
2002 $951 $6,304 $669 $2,027
2001 $932 $6,131 $637 $2,044
2000 $932 $5,860 $603 $1,963
1999 $909 $5,812 $678 $1,893
1998 $940 $5,573 $685 $1,798
1997 $983 $5,615 $651 $1,719
1996 $928 $5,210 $723 $1,679
1995 $820 $4,753 $715 $1,656
1994 $716 $4,447 $584 $1,578
1993 $603 $4,027 $878 $1,588
1992 $498 $3,651 $951 $1,573
1991 $466 $3,322 $913 $1,561
1990 $529 $3,022 $957 $1,513
1989 $503 - $849 -
1988 $545 - $880 -
1987 $464 - $916 -
1986 $657 - $784 -
1985 $588 - $571 -
1984 $565 - $536 -
1983 $631 - $564 -
1982 $621 - $652 -
1981 $735 - $683 -
1980 $779 - $772 -
1979 $689 - $716 -
1978 $663 - $589 -
1977 $593 - $540 -
1976 $604 - $541 -
1975 $664 - $547 -
1974 $588 - $417 -
1973 $421 - $381 -
1972 $395 - $342 -
1971 $396 - $291.1 -
1970 $381 - $290.5 -
1969 $361 - $287.3 -
1968 $340 - $311 -
1967 $378 - $305 -
1966 $353 - $315 -
1965 $336 - $314 -
1964 $313 - $318 -
1963 $288.8 - $309 -
1962 $327 - $307 -
1961 $319 - $308 -
1960 $299.1 - $300 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Senegal ranks 158th at $5,071.

Economic indicators

Guyana Senegal
Gross domestic product
$24.7B
2024
$32.8B
2024
GDP rank
120/197
2024
109/197
2024
GDP growth
43.8%
2023-2024
6.06%
2023-2024
GDP per capita
$29,675
2024
$1,773
2024
GDP per capita rank
41/197
2024
159/197
2024
GDP per capita, PPP
$80,155
2024
$5,071
2024
GDP per capita PPP rank
15/197
2024
158/197
2024
Government debt
$5.99B
2024
$42.1B
2024
Debt-to-GDP ratio
24.3%
2024
128.4%
2024
Government debt per person
$7,213
2024
$2,277
2024
Government debt per person rank
66/185
2024
115/185
2024
Average annual personal income after taxes
$13,212
2026
$2,194
2026
Income share by richest 10%
34.4%
1998
28.8%
2021
Income share by poorest 10%
1.1%
1998
3%
2021
Government expenditure, % of GDP
23.2%
2024
33.5%
2024
Consumer prices inflation
2.5%
2023-2024
0.8%
2023-2024
Unemployment rate
13.2%
2019
5.78%
2024
Population
842249
19491599

Spending and national debt comparison by year

Guyana
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Guyana Senegal
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 33.5% 128.4%
2023 23.7% 26.7% 35.5% 118.4%
2022 20.3% 24.8% 36.2% 105%
2021 24.8% 45.7% 33.6% 98.6%
2020 30.5% 59.5% 29.6% 90.2%
2019 28.1% 54% 34.3% 81.5%
2018 27.6% 47.9% 22.6% 61.5%
2017 26.3% 46.1% 22.5% 61.1%
2016 25.2% 44% 24% 47.5%
2015 21.7% 42.2% 22.9% 44.5%
2014 23.1% 38.7% 23.1% 42.4%
2013 21.4% 41.4% 22.1% 36.9%
2012 21.8% 44.7% 23% 34.5%
2011 23.5% 51.7% 23.3% 32.9%
2010 23.9% 53.1% 21.7% 34.6%
2009 25.4% 52.3% 21.1% 29.9%
2008 24.1% 48.2% 20.9% 19.1%
2007 25.5% 47.7% 22.2% 19%
2006 29% 74.5% 21.3% 17.5%
2005 28.4% 90.7% 18.7% 36.1%
2004 23.7% 91.8% 18.1% 38%
2003 23.5% 95.6% 17.1% 42.9%
2002 23.1% 105.1% 15.5% 52%
2001 24% 104.6% 15.7% 53.2%
2000 22.9% 97.2% 14% 57.5%
1999 17.6% 97.1% 14.6% 15%
1998 19.7% 108% 13.5% 18.8%
1997 20.9% 101.3% 14.1% 67.8%
1996 - - 15.4% 0.07%
1995 - - 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/guyana/senegal | CC BY

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 128.4% in Senegal, ranking 168/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Senegal
1x
Year Deficit/surplus, % of GDP
Guyana Senegal
2024 -7.31% -13.4%
2023 -5.78% -14.8%
2022 -5.11% -16.1%
2021 -6.94% -13.7%
2020 -7.78% -9.64%
2019 -2.52% -13.9%
2018 -2.52% -3.66%
2017 -3.14% -2.97%
2016 -3.21% -3.27%
2015 -0.75% -3.66%
2014 -3.88% -3.9%
2013 -2.16% -4.34%
2012 -3.11% -4.18%
2011 -2.13% -4.92%
2010 -1.88% -3.94%
2009 -2.5% -3.66%
2008 -2.78% -3.53%
2007 -3.35% -2.8%
2006 -6.16% -3.67%
2005 -6.54% -0.26%
2004 -2.88% 0.18%
2003 -4.81% -0.52%
2002 -2.42% 0.19%
2001 -3.71% -1.44%
2000 -2.27% 0.78%
1999 -0.47% -0.62%
1998 -2.67% 0.93%
1997 -1.7% 0.98%
1996 - 0.92%
1995 - 2.41%
1994 - 5.9%

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

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

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Senegal ran a deficit in 23 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 4.64% of GDP for Senegal.

Inflation comparison by year

Inflation
Guyana

Senegal
1x
Year Consumer prices inflation
Guyana Senegal
2024 2.5% 0.8%
2023 4.5% 5.94%
2022 6.5% 9.7%
2021 3.3% 2.18%
2020 1.2% 2.54%
2019 2.1% 1.76%
2018 1.3% 0.46%
2017 1.9% 1.32%
2016 0.8% 0.84%
2015 -0.9% 0.14%
2014 0.7% -1.09%
2013 1.9% 0.71%
2012 2.4% 1.42%
2011 4.4% 3.4%
2010 4.3% 1.23%
2009 3% -2.25%
2008 8.1% 7.35%
2007 12.2% 5.85%
2006 6.7% 2.11%
2005 6.9% 1.71%
2004 4.7% 0.51%
2003 6% -0.05%
2002 5.4% 2.34%
2001 2.6% 2.97%
2000 6.1% 0.73%
1999 7.5% 0.83%
1998 4.6% 1.16%
1997 3.6% 1.75%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 2.01% in Senegal. In 2024, inflation was 2.5% in Guyana and 0.8% in Senegal.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $17K
Wood & paper products $11K
Chemicals & pharma $4K
Metals $2K
Textiles & consumer goods $2K
Raw materials & minerals $1K
Senegal
Export category Export value
Machinery & equipment $273K
Textiles & consumer goods $137K
Chemicals & pharma $40K
Raw materials & minerals $6K
Metals $2K

Balance of trade

Guyana Senegal
Current account balance
$2.35B
2023
-$6.07B
2023
Current account balance ranking
43/190
2023
170/190
2023
Current account balance, % of GDP
+13.9%
2023
-19.8%
2023
Goods imports
$6B
2023
$10.8B
2023
Goods exports
$13.2B
2023
$5.52B
2023
Service imports
$4.95B
2023
$4.08B
2023
Service exports
$529M
2023
$1.48B
2023
Imports of goods and services, % of GDP
109.7%
2005
43.4%
2024
Exports of goods and services, % of GDP
84.6%
2005
24.7%
2024

Economic freedom indices

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

Guyana Senegal
Economic freedom 58.7 53.2
Economic freedom ranking 109/197 140/197
Property rights 46.7 57.4
Government integrity 38.8 47.3
Judicial effectiveness 48.6 50.5
Tax burden 76.4 68.8
Government spending 85 63.1
Fiscal health 39.9 0
Business freedom 70.9 55.2
Labor freedom 76 54.4
Monetary freedom 78.5 74.3
Trade freedom 59.2 67
Investment freedom 55 60
Financial freedom 30 40

Economic freedom comparison by year

Guyana
Senegal
1x
Year Economic freedom index
Guyana Senegal
2026 58.7 53.2
2025 58.2 56.4
2024 57.3 55.4
2023 56.9 57.7
2022 59.5 60
2021 57.4 58
2020 56.2 58
2019 56.8 56.3
2018 58.7 55.7
2017 58.5 55.9
2016 55.4 58.1
2015 55.5 57.8
2014 55.7 55.4
2013 53.8 55.5
2012 51.3 55.4
2011 49.4 55.7
2010 48.4 54.6
2009 48.4 56.3
2008 48.8 58.3
2007 53.7 58.1
2006 56.6 56.2
2005 56.5 57.9
2004 53 58.9
2003 50.3 58.1
2002 54.3 58.6
2001 53.3 58.7
2000 52.4 58.9
1999 53.3 60.6
1998 52.7 59.7
1997 53.2 58.1
1996 50.1 58.2
1995 45.7 -

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, 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

Guyana Senegal
Services, % of GDP
14.5%
2024
48.4%
2024
Industry, % of GDP
76%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
16.6%
2024
GNI, Atlas method
$16.7B
2024
$31.1B
2024
GNI per capita, PPP
$52,290
2024
$4,920
2024
Total reserves including gold
$1.01B
2024
n/a
Total reserves ranking
141/177
2024
n/a
Net foreign direct investment
$1.14B
2023
-$4.72B
2023
Net inflows of foreign direct investment
$8.63B
2024
$2.02B
2024
Net outflows of foreign direct investment
$5.7M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
10.8%
2024
Poverty at national poverty lines
35%
2020
37.5%
2021
Gross capital formation, % of GDP
32.3%
2005
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/guyana/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 (2021–2024, 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)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.