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Economy of Haiti vs Senegal compared: GDP & Debt

Updated on by Georank team

Haiti has a GDP of $25.2B compared to $32.8B for Senegal, ranking 117/197 and 109/197 by economy size, respectively.

Haiti has $3.91B in government debt (15.5% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Haiti vs Senegal GDP by year

Haiti
Senegal
1x
Year GDP, current $
Haiti Senegal
2024 $25,224,154,991 $32,808,056,601
2023 $19,850,585,722 $30,696,331,296
2022 $20,253,551,921 $27,783,332,223
2021 $20,944,387,976 $27,520,784,130
2020 $14,508,222,518 $24,530,513,038
2019 $15,016,090,930 $23,403,995,992
2018 $16,403,864,618 $23,116,701,556
2017 $15,093,357,161 $20,996,562,944
2016 $14,069,277,526 $19,040,312,333
2015 $14,849,629,309 $17,774,766,696
2014 $15,146,883,498 $19,797,253,440
2013 $14,902,488,604 $18,918,667,725
2012 $13,708,925,477 $17,660,870,412
2011 $13,008,746,039 $17,814,283,639
2010 $11,859,312,725 $16,121,315,909
2009 $11,597,002,835 $16,145,867,495
2008 $10,432,962,635 $16,853,989,628
2007 $9,228,637,768 $13,994,218,413
2006 $7,638,739,123 $11,697,918,243
2005 $7,030,149,730 $11,009,033,438
2004 $6,087,360,684 $10,076,816,667
2003 $5,071,947,798 $8,768,721,563
2002 $6,205,847,214 $7,006,402,320
2001 $6,331,970,324 $6,507,824,829
2000 $6,813,566,099 $6,013,185,004
1999 $4,153,725,884 $6,592,834,933
1998 $3,723,903,724 $6,505,607,909
1997 $3,338,949,152 $6,041,478,726
1996 $2,907,517,604 $6,559,712,166
1995 $2,813,313,279 $6,326,342,633
1994 $2,167,569,046 $5,034,588,196
1993 $1,878,253,767 $7,367,986,241
1992 $2,257,129,792 $7,769,817,840
1991 $3,473,562,628 $7,255,210,470
1990 $3,096,289,800 $7,390,967,360
1989 $2,736,243,800 $6,366,039,373
1988 $2,613,926,800 $6,418,419,389
1987 $2,047,200,000 $6,487,353,103
1986 $2,318,000,000 $5,392,093,446
1985 $2,009,400,000 $3,818,944,918
1984 $1,816,200,000 $3,485,165,432
1983 $1,623,600,000 $3,569,356,125
1982 $1,474,200,000 $4,013,951,443
1981 $1,479,400,000 $4,095,892,781
1980 $1,383,800,000 $4,510,108,291
1979 $1,080,600,000 $4,084,877,823
1978 $974,200,000 $3,280,354,921
1977 $947,000,000 $2,938,046,463
1976 $879,000,000 $2,869,777,884
1975 $681,400,000 $2,830,388,405
1974 $565,399,322 $2,099,325,229
1973 $466,798,973 $1,863,398,590
1972 $371,998,958 $1,620,857,104
1971 $362,800,000 $1,339,549,033
1970 $331,200,000 $1,297,407,655
1969 $391,820,400 $1,245,234,931
1968 $367,968,800 $1,309,384,862
1967 $369,124,200 $1,246,480,766
1966 $368,948,600 $1,246,908,186
1965 $353,251,800 $1,210,058,228
1964 $325,281,200 $1,188,930,645
1963 $294,883,400 $1,122,139,862
1962 $281,896,800 $1,085,475,791
1961 $271,066,000 $1,058,975,257
1960 $273,187,200 $1,003,692,370

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

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

GDP per capita in Haiti vs Senegal by year

Haiti
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Haiti Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,143 $3,194 $1,773 $5,071
2023 $1,706 $3,292 $1,698 $4,778
2022 $1,761 $3,275 $1,574 $4,530
2021 $1,841 $3,145 $1,598 $4,174
2020 $1,290 $3,103 $1,461 $3,753
2019 $1,352 $3,237 $1,431 $3,648
2018 $1,496 $3,197 $1,453 $3,380
2017 $1,395 $3,339 $1,357 $3,234
2016 $1,318 $3,253 $1,266 $3,101
2015 $1,411 $3,026 $1,218 $2,994
2014 $1,460 $3,076 $1,399 $2,854
2013 $1,458 $3,042 $1,380 $2,769
2012 $1,361 $2,830 $1,327 $2,764
2011 $1,312 $2,858 $1,375 $2,685
2010 $1,210 $2,695 $1,276 $2,663
2009 $1,197 $2,855 $1,309 $2,606
2008 $1,095 $2,724 $1,399 $2,581
2007 $985 $2,647 $1,189 $2,499
2006 $829 $2,504 $1,017 $2,422
2005 $776 $2,427 $980 $2,350
2004 $683 $2,322 $918 $2,236
2003 $579 $2,331 $818 $2,131
2002 $721 $2,248 $669 $2,027
2001 $749 $2,230 $637 $2,044
2000 $821 $2,229 $603 $1,963
1999 $510 $2,201 $678 $1,893
1998 $465 $2,152 $685 $1,798
1997 $425 $2,122 $651 $1,719
1996 $377 $2,070 $723 $1,679
1995 $372 $1,989 $715 $1,656
1994 $292.1 $1,807 $584 $1,578
1993 $258.1 $2,048 $878 $1,588
1992 $316 $2,158 $951 $1,573
1991 $497 $2,273 $913 $1,561
1990 $452 $2,202 $957 $1,513
1989 $407 - $849 -
1988 $397 - $880 -
1987 $318 - $916 -
1986 $367 - $784 -
1985 $325 - $571 -
1984 $299.2 - $536 -
1983 $272.8 - $564 -
1982 $252.6 - $652 -
1981 $258.5 - $683 -
1980 $246.5 - $772 -
1979 $196.2 - $716 -
1978 $180.3 - $589 -
1977 $178.7 - $540 -
1976 $169.1 - $541 -
1975 $133.6 - $547 -
1974 $113 - $417 -
1973 $95.1 - $381 -
1972 $77.3 - $342 -
1971 $76.8 - $291.1 -
1970 $71.5 - $290.5 -
1969 $86.1 - $287.3 -
1968 $82.4 - $311 -
1967 $84.2 - $305 -
1966 $85.7 - $315 -
1965 $83.6 - $314 -
1964 $78.5 - $318 -
1963 $72.4 - $309 -
1962 $70.4 - $307 -
1961 $69 - $308 -
1960 $70.8 - $300 -

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

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

Haiti's GDP per capita is $2,143, ranking 153/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Haiti ranks 177th at $3,194, while Senegal ranks 158th at $5,071.

Economic indicators

Haiti Senegal
Gross domestic product
$25.2B
2024
$32.8B
2024
GDP rank
117/197
2024
109/197
2024
GDP growth
-4.17%
2023-2024
6.06%
2023-2024
GDP per capita
$2,143
2024
$1,773
2024
GDP per capita rank
153/197
2024
159/197
2024
GDP per capita, PPP
$3,194
2024
$5,071
2024
GDP per capita PPP rank
177/197
2024
158/197
2024
Government debt
$3.91B
2024
$42.1B
2024
Debt-to-GDP ratio
15.5%
2024
128.4%
2024
Government debt per person
$332
2024
$2,277
2024
Government debt per person rank
176/185
2024
115/185
2024
Average annual personal income after taxes
$1,896
2026
$2,194
2026
Income share by richest 10%
31.2%
2012
28.8%
2021
Income share by poorest 10%
2.1%
2012
3%
2021
Government expenditure, % of GDP
5.25%
2024
33.5%
2024
Consumer prices inflation
26.9%
2023-2024
0.8%
2023-2024
Unemployment rate
14.1%
2012
5.78%
2024
Population
12076663
19491599

Spending and national debt comparison by year

Haiti
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Haiti Senegal
Government spending Government debt Government spending Government debt
2024 5.25% 15.5% 33.5% 128.4%
2023 6.46% 28.5% 35.5% 118.4%
2022 8.33% 29.5% 36.2% 105%
2021 9.42% 28.9% 33.6% 98.6%
2020 9.86% 22.3% 29.6% 90.2%
2019 9.59% 26.5% 34.3% 81.5%
2018 11.3% 24.1% 22.6% 61.5%
2017 10.2% 22.5% 22.5% 61.1%
2016 10.5% 24.4% 24% 47.5%
2015 12.7% 23.9% 22.9% 44.5%
2014 14.6% 21.4% 23.1% 42.4%
2013 15.9% 25.1% 22.1% 36.9%
2012 16.4% 24.1% 23% 34.5%
2011 14.1% 22.3% 23.3% 32.9%
2010 12.6% 24.9% 21.7% 34.6%
2009 11.6% 19.4% 21.1% 29.9%
2008 11.2% 33.9% 20.9% 19.1%
2007 11.1% 24.4% 22.2% 19%
2006 9.67% 32.2% 21.3% 17.5%
2005 8.75% 29.7% 18.7% 36.1%
2004 7.38% 30.4% 18.1% 38%
2003 7.83% 37.8% 17.1% 42.9%
2002 6.64% 32% 15.5% 52%
2001 6.11% 28.8% 15.7% 53.2%
2000 6.25% 32.5% 14% 57.5%
1999 6.91% 24.1% 14.6% 15%
1998 5.4% 24% 13.5% 18.8%
1997 5.46% 26.2% 14.1% 67.8%
1996 - 26.2% 15.4% 0.07%
1995 - 26.2% 14.4% 65.3%
1994 - 35.3% 15.9% 77.3%
1993 - 98% - -
1992 - 118.9% - -
1991 - 80.7% - -
1990 - 85.1% - -
1989 - 98.7% - -
1988 - 90.9% - -
1987 32.4% 58.6% - -
1986 15.1% 26.5% - -
1985 17.4% 25.6% - -
1984 16.9% 27.3% - -
1983 21.9% 28.9% - -
1982 20.7% 25.5% - -
1981 17.4% 23.7% - -
1980 17.2% 20.3% - -
1979 13.1% 19.8% - -
1978 18.9% 20.1% - -
1977 16.7% 18.5% - -
1976 13.4% 14.9% - -
1975 12.8% 14.2% - -
1974 9.24% 13.3% - -
1973 9.4% 8.92% - -
1972 11.2% 11.1% - -
1971 11.2% 11% - -
1970 11.4% 12.5% - -
1969 10.1% - - -
1968 10.3% - - -
1967 7.52% - - -
1966 7.2% - - -
1965 7.91% - - -
1964 - - - -
1963 8.95% - - -
1962 - - - -
1961 - - - -
1960 7.34% 21.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

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

In 2024, Haiti's government spending was $1.32B, accounting for 5.25% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 15.5% in Haiti and 128.4% in Senegal, ranking 177/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Haiti

Senegal
1x
Year Deficit/surplus, % of GDP
Haiti Senegal
2024 6.96% -13.4%
2023 0.77% -14.8%
2022 -1.75% -16.1%
2021 -2.45% -13.7%
2020 -1.96% -9.64%
2019 -1.99% -13.9%
2018 -1.13% -3.66%
2017 -0.32% -2.97%
2016 0.12% -3.27%
2015 -1.47% -3.66%
2014 -3.64% -3.9%
2013 -3.98% -4.34%
2012 -2.71% -4.18%
2011 -1.43% -4.92%
2010 -1.5% -3.94%
2009 -2% -3.66%
2008 -1.8% -3.53%
2007 -1.55% -2.8%
2006 -0.91% -3.67%
2005 -0.83% -0.26%
2004 -1.34% 0.18%
2003 -2.24% -0.52%
2002 -1.8% 0.19%
2001 -1.55% -1.44%
2000 -1.36% 0.78%
1999 -1.54% -0.62%
1998 0.21% 0.93%
1997 0.37% 0.98%
1996 - 0.92%
1995 - 2.41%
1994 - 5.9%
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 -4.94% -
1986 -1.4% -
1985 -0.97% -
1984 -3.52% -
1983 -5.72% -
1982 -3.93% -
1981 -4.38% -
1980 -5.68% -
1979 -2.21% -
1978 -3.24% -
1977 -2.85% -
1976 -1.16% -
1975 -1.73% -
1974 0.23% -
1973 0.03% -
1972 0.24% -
1971 -0.08% -
1970 -0.19% -
1969 -0.39% -
1968 -0.46% -
1967 0% -
1966 0% -
1965 0% -
1964 - -
1963 0% -
1962 - -
1961 - -
1960 0.006% -
1959 -1.11% -
1958 -2.21% -
1957 0.28% -
1956 -2.18% -
1955 -0.86% -
1954 -0.81% -
1953 -1.01% -
1952 - -
1951 - -
1950 - -
1949 -0.12% -
1948 0.21% -
1947 1.06% -
1946 0.51% -
1945 0.47% -
1944 - -
1943 - -
1942 - -
1941 -0.21% -
1940 0.13% -
1939 -0.16% -
1938 0.15% -
1937 -0.08% -
1936 -0.06% -
1935 -0.2% -
1934 -1.23% -
1933 0% -
1932 0.4% -
1931 -0.49% -
1930 -0.52% -
1929 -0.32% -
1928 -0.25% -
1927 0.73% -
1926 -0.45% -
1925 0.05% -
1924 -0.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

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

In 2024, Haiti's government surplus, the difference between spending and revenue, was $1.76B, equivalent to 6.96% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Haiti recorded a fiscal deficit in 23 of those years, while Senegal ran a deficit in 23 years. On average, Haiti posted an annual deficit equal to 1.17% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Haiti

Senegal
1x
Year Consumer prices inflation
Haiti Senegal
2024 26.9% 0.8%
2023 36.8% 5.94%
2022 34% 9.7%
2021 16.8% 2.18%
2020 22.8% 2.54%
2019 18.7% 1.76%
2018 12.5% 0.46%
2017 10.7% 1.32%
2016 11.5% 0.84%
2015 6.73% 0.14%
2014 3.44% -1.09%
2013 4.77% 0.71%
2012 5.02% 1.42%
2011 6.33% 3.4%
2010 4.83% 1.23%
2009 0.39% -2.25%
2008 15.3% 7.35%
2007 6.56% 5.85%
2006 11.3% 2.11%
2005 14% 1.71%
2004 21% 0.51%
2003 28.7% -0.05%
2002 7.03% 2.34%
2001 13.3% 2.97%
2000 9.33% 0.73%
1999 3% 0.83%
1998 5.27% 1.16%
1997 20.6% 1.75%

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

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

Over the past 28 years, Haiti has recorded an average annual inflation rate of 13.5%, compared with 2.01% in Senegal. In 2024, inflation was 26.9% in Haiti and 0.8% in Senegal.

Top exports between countries

Haiti
Export category Export value
Miscellaneous $1K
Senegal
Export category Export value
Chemicals & pharma $3.81M
Raw materials & minerals $387K
Wood & paper products $92K
Raw agricultural goods $26K
Processed food, beverages & tobacco $13K
Textiles & consumer goods $9K
Miscellaneous $4K

Balance of trade

Haiti Senegal
Current account balance
-$145M
2024
-$6.07B
2023
Current account balance ranking
92/190
2024
170/190
2023
Current account balance, % of GDP
-0.58%
2024
-19.8%
2023
Goods imports
$4.27B
2024
$10.8B
2023
Goods exports
$767M
2024
$5.52B
2023
Service imports
$518M
2024
$4.08B
2023
Service exports
$96.6M
2024
$1.48B
2023
Imports of goods and services, % of GDP
18.8%
2024
43.4%
2024
Exports of goods and services, % of GDP
3.4%
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.

Haiti Senegal
Economic freedom 46.1 53.2
Economic freedom ranking 178/197 140/197
Property rights 6.6 57.4
Government integrity 13 47.3
Judicial effectiveness 17.3 50.5
Tax burden 81.7 68.8
Government spending 98.7 63.1
Fiscal health 99.5 0
Business freedom 30.7 55.2
Labor freedom 54.7 54.4
Monetary freedom 45.1 74.3
Trade freedom 66.4 67
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Haiti
Senegal
1x
Year Economic freedom index
Haiti Senegal
2026 46.1 53.2
2025 46.1 56.4
2024 48.2 55.4
2023 49.9 57.7
2022 50 60
2021 50.8 58
2020 52.3 58
2019 52.7 56.3
2018 55.8 55.7
2017 49.6 55.9
2016 51.3 58.1
2015 51.3 57.8
2014 48.9 55.4
2013 48.1 55.5
2012 50.7 55.4
2011 52.1 55.7
2010 50.8 54.6
2009 50.5 56.3
2008 49 58.3
2007 51.4 58.1
2006 49.2 56.2
2005 48.4 57.9
2004 51.2 58.9
2003 50.6 58.1
2002 47.9 58.6
2001 47.1 58.7
2000 45.7 58.9
1999 45.9 60.6
1998 45.7 59.7
1997 45.8 58.1
1996 41 58.2
1995 43 -

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

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

The Economic Freedom Index for Haiti is 46.1, ranking 178/197, 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

Haiti Senegal
Services, % of GDP
48.3%
2024
48.4%
2024
Industry, % of GDP
33.4%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
15.9%
2024
16.6%
2024
GNI, Atlas method
$20.7B
2024
$31.1B
2024
GNI per capita, PPP
$3,190
2024
$4,920
2024
Total reserves including gold
$2.72B
2024
n/a
Total reserves ranking
121/177
2024
n/a
Net foreign direct investment
-$20M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$20M
2024
$2.02B
2024
Net outflows of foreign direct investment
$0
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
2.15%
2024
10.8%
2024
Poverty at national poverty lines
58.5%
2012
37.5%
2021
Gross capital formation, % of GDP
9.94%
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/haiti/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. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, 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.