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Economy of Indonesia vs Senegal compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $32.8B for Senegal, ranking 16/197 and 109/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Indonesia vs Senegal GDP by year

Indonesia
Senegal
1x
Year GDP, current $
Indonesia Senegal
2024 $1,396,300,098,191 $32,808,056,601
2023 $1,371,169,301,564 $30,696,331,296
2022 $1,319,101,183,380 $27,783,332,223
2021 $1,186,509,691,087 $27,520,784,130
2020 $1,059,054,842,698 $24,530,513,038
2019 $1,119,099,871,350 $23,403,995,992
2018 $1,042,271,532,989 $23,116,701,556
2017 $1,015,618,744,160 $20,996,562,944
2016 $931,877,364,038 $19,040,312,333
2015 $860,854,232,686 $17,774,766,696
2014 $890,814,755,534 $19,797,253,440
2013 $912,524,136,718 $18,918,667,725
2012 $917,869,913,333 $17,660,870,412
2011 $892,969,104,563 $17,814,283,639
2010 $755,094,157,622 $16,121,315,909
2009 $539,580,085,612 $16,145,867,495
2008 $510,228,634,992 $16,853,989,628
2007 $432,216,737,775 $13,994,218,413
2006 $364,570,515,618 $11,697,918,243
2005 $285,868,619,196 $11,009,033,438
2004 $256,836,875,295 $10,076,816,667
2003 $234,772,463,824 $8,768,721,563
2002 $195,660,611,165 $7,006,402,320
2001 $160,446,947,785 $6,507,824,829
2000 $165,021,012,078 $6,013,185,004
1999 $140,001,351,215 $6,592,834,933
1998 $95,445,547,873 $6,505,607,909
1997 $215,748,998,610 $6,041,478,726
1996 $227,369,679,375 $6,559,712,166
1995 $202,132,028,723 $6,326,342,633
1994 $176,892,143,932 $5,034,588,196
1993 $158,006,700,302 $7,367,986,241
1992 $128,026,966,580 $7,769,817,840
1991 $116,621,996,217 $7,255,210,470
1990 $106,140,727,334 $7,390,967,360
1989 $94,451,427,877 $6,366,039,373
1988 $84,300,174,486 $6,418,419,389
1987 $75,929,617,558 $6,487,353,103
1986 $79,954,072,545 $5,392,093,446
1985 $85,289,488,375 $3,818,944,918
1984 $84,853,700,028 $3,485,165,432
1983 $81,052,283,384 $3,569,356,125
1982 $90,158,449,295 $4,013,951,443
1981 $85,518,233,419 $4,095,892,781
1980 $72,482,337,397 $4,510,108,291
1979 $51,400,186,343 $4,084,877,823
1978 $51,455,719,076 $3,280,354,921
1977 $45,808,915,663 $2,938,046,463
1976 $37,269,156,627 $2,869,777,884
1975 $30,463,855,422 $2,830,388,405
1974 $25,802,409,639 $2,099,325,229
1973 $16,273,253,012 $1,863,398,590
1972 $10,997,590,361 $1,620,857,104
1971 $9,333,536,370 $1,339,549,033
1970 $9,150,684,932 $1,297,407,655
1969 $8,337,423,313 $1,245,234,931
1968 $7,076,465,300 $1,309,384,862
1967 $5,667,756,628 $1,246,480,766
1966 - $1,246,908,186
1965 - $1,210,058,228
1964 - $1,188,930,645
1963 - $1,122,139,862
1962 - $1,085,475,791
1961 - $1,058,975,257
1960 - $1,003,692,370

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

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

GDP per capita in Indonesia vs Senegal by year

Indonesia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 $1,773 $5,071
2023 $4,876 $15,416 $1,698 $4,778
2022 $4,731 $14,285 $1,574 $4,530
2021 $4,287 $12,757 $1,598 $4,174
2020 $3,854 $11,729 $1,461 $3,753
2019 $4,107 $11,986 $1,431 $3,648
2018 $3,861 $11,372 $1,453 $3,380
2017 $3,799 $10,688 $1,357 $3,234
2016 $3,521 $10,263 $1,266 $3,101
2015 $3,288 $10,028 $1,218 $2,994
2014 $3,441 $10,065 $1,399 $2,854
2013 $3,567 $9,866 $1,380 $2,769
2012 $3,632 $9,530 $1,327 $2,764
2011 $3,579 $8,937 $1,375 $2,685
2010 $3,066 $8,353 $1,276 $2,663
2009 $2,218 $7,868 $1,309 $2,606
2008 $2,125 $7,569 $1,399 $2,581
2007 $1,823 $7,096 $1,189 $2,499
2006 $1,558 $6,583 $1,017 $2,422
2005 $1,238 $6,134 $980 $2,350
2004 $1,127 $5,700 $918 $2,236
2003 $1,043 $5,353 $818 $2,131
2002 $881 $5,076 $669 $2,027
2001 $732 $4,849 $637 $2,044
2000 $764 $4,639 $603 $1,963
1999 $657 $4,386 $678 $1,893
1998 $455 $4,356 $685 $1,798
1997 $1,045 $5,037 $651 $1,719
1996 $1,119 $4,807 $723 $1,679
1995 $1,011 $4,451 $715 $1,656
1994 $900 $4,096 $584 $1,578
1993 $817 $3,793 $878 $1,588
1992 $674 $3,538 $951 $1,573
1991 $624 $3,305 $913 $1,561
1990 $578 $3,044 $957 $1,513
1989 $524 - $849 -
1988 $477 - $880 -
1987 $438 - $916 -
1986 $470 - $784 -
1985 $511 - $571 -
1984 $520 - $536 -
1983 $508 - $564 -
1982 $578 - $652 -
1981 $561 - $683 -
1980 $487 - $772 -
1979 $353 - $716 -
1978 $362 - $589 -
1977 $331 - $540 -
1976 $275.7 - $541 -
1975 $231.1 - $547 -
1974 $200.7 - $417 -
1973 $129.9 - $381 -
1972 $90.1 - $342 -
1971 $78.5 - $291.1 -
1970 $79.1 - $290.5 -
1969 $74.1 - $287.3 -
1968 $64.7 - $311 -
1967 $53.2 - $305 -
1966 - - $315 -
1965 - - $314 -
1964 - - $318 -
1963 - - $309 -
1962 - - $307 -
1961 - - $308 -
1960 - - $300 -

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

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Senegal ranks 158th at $5,071.

Economic indicators

Indonesia Senegal
Gross domestic product
$1.4T
2024
$32.8B
2024
GDP rank
16/197
2024
109/197
2024
GDP growth
5.03%
2023-2024
6.06%
2023-2024
GDP per capita
$4,925
2024
$1,773
2024
GDP per capita rank
121/197
2024
159/197
2024
GDP per capita, PPP
$16,448
2024
$5,071
2024
GDP per capita PPP rank
107/197
2024
158/197
2024
Government debt
$561B
2024
$42.1B
2024
Debt-to-GDP ratio
40.2%
2024
128.4%
2024
Government debt per person
$1,978
2024
$2,277
2024
Government debt per person rank
120/185
2024
115/185
2024
Average annual personal income after taxes
$3,371
2026
$2,194
2026
Market capitalization of domestic companies
$758B
2023
n/a
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
28.8%
2021
Income share by poorest 10%
3.5%
2024
3%
2021
Government expenditure, % of GDP
16.8%
2024
33.5%
2024
Consumer prices inflation
2.18%
2023-2024
0.8%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
5.78%
2024
Population
288551776
19491599

Spending and national debt comparison by year

Indonesia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Indonesia Senegal
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 33.5% 128.4%
2023 16.6% 39.6% 35.5% 118.4%
2022 17.3% 40.1% 36.2% 105%
2021 18.1% 41.1% 33.6% 98.6%
2020 18.4% 39.7% 29.6% 90.2%
2019 16.4% 30.6% 34.3% 81.5%
2018 16.6% 30.4% 22.6% 61.5%
2017 16.4% 29.4% 22.5% 61.1%
2016 16.9% 28% 24% 47.5%
2015 17.6% 27% 22.9% 44.5%
2014 18.4% 24.6% 23.1% 42.4%
2013 18.8% 24.9% 22.1% 36.9%
2012 18.8% 23% 23% 34.5%
2011 17.7% 23.1% 23.3% 32.9%
2010 16.9% 26.4% 21.7% 34.6%
2009 17% 26.5% 21.1% 29.9%
2008 19.4% 30.3% 20.9% 19.1%
2007 18.7% 38.1% 22.2% 19%
2006 18.4% 35.8% 21.3% 17.5%
2005 17.4% 42.6% 18.7% 36.1%
2004 17.8% 51.3% 18.1% 38%
2003 18.2% 55.6% 17.1% 42.9%
2002 16.9% 62.3% 15.5% 52%
2001 19.5% 73.7% 15.7% 53.2%
2000 15.3% 87.4% 14% 57.5%
1999 15.1% 95.9% 14.6% 15%
1998 15.1% 72.5% 13.5% 18.8%
1997 15.2% 26.4% 14.1% 67.8%
1996 11.5% 27.5% 15.4% 0.07%
1995 11.9% 32% 14.4% 65.3%
1994 13.5% 37% 15.9% 77.3%
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 128.4% in Senegal, ranking 132/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Senegal
1x
Year Deficit/surplus, % of GDP
Indonesia Senegal
2024 -2.3% -13.4%
2023 -1.64% -14.8%
2022 -2.31% -16.1%
2021 -4.4% -13.7%
2020 -6.07% -9.64%
2019 -2.09% -13.9%
2018 -1.69% -3.66%
2017 -2.26% -2.97%
2016 -2.56% -3.27%
2015 -2.72% -3.66%
2014 -1.8% -3.9%
2013 -1.96% -4.34%
2012 -1.59% -4.18%
2011 -0.7% -4.92%
2010 -1.24% -3.94%
2009 -1.64% -3.66%
2008 0.05% -3.53%
2007 -0.95% -2.8%
2006 0.45% -3.67%
2005 0.46% -0.26%
2004 -0.26% 0.18%
2003 -1.08% -0.52%
2002 -0.58% 0.19%
2001 -1.76% -1.44%
2000 -1.87% 0.78%
1999 -0.96% -0.62%
1998 -1.89% 0.93%
1997 -1.03% 0.98%
1996 0.96% 0.92%
1995 0.64% 2.41%
1994 0.005% 5.9%
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2024, Indonesia's government deficit, the difference between spending and revenue, was $32.1B, equivalent to 2.3% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Indonesia recorded a fiscal deficit in 25 of those years, while Senegal ran a deficit in 23 years. On average, Indonesia posted an annual deficit equal to 1.45% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Indonesia

Senegal
1x
Year Consumer prices inflation
Indonesia Senegal
2024 2.18% 0.8%
2023 3.67% 5.94%
2022 4.21% 9.7%
2021 1.56% 2.18%
2020 1.92% 2.54%
2019 3.03% 1.76%
2018 3.2% 0.46%
2017 3.81% 1.32%
2016 3.53% 0.84%
2015 6.36% 0.14%
2014 6.39% -1.09%
2013 6.41% 0.71%
2012 4.28% 1.42%
2011 5.36% 3.4%
2010 5.13% 1.23%
2009 4.39% -2.25%
2008 10.2% 7.35%
2007 6.41% 5.85%
2006 13.1% 2.11%
2005 10.5% 1.71%
2004 6.06% 0.51%
2003 6.76% -0.05%
2002 11.9% 2.34%
2001 11.5% 2.97%
2000 3.69% 0.73%
1999 20.5% 0.83%
1998 58.5% 1.16%
1997 6.23% 1.75%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 2.01% in Senegal. In 2024, inflation was 2.18% in Indonesia and 0.8% in Senegal.

Top exports between countries

Indonesia
Export category Export value
Machinery & equipment $472M
Processed food, beverages & tobacco $80.3M
Chemicals & pharma $7.92M
Wood & paper products $4.79M
Textiles & consumer goods $3.85M
Animal & marine products $1.8M
Raw agricultural goods $1.16M
Metals $626K
Raw materials & minerals $602K
Miscellaneous $100K
Senegal
Export category Export value
Chemicals & pharma $284K
Animal & marine products $275K
Textiles & consumer goods $216K
Raw agricultural goods $166K
Metals $94K
Raw materials & minerals $82K
Machinery & equipment $42K
Processed food, beverages & tobacco $1K

Balance of trade

Indonesia Senegal
Current account balance
-$8.72B
2024
-$6.07B
2023
Current account balance ranking
174/190
2024
170/190
2023
Current account balance, % of GDP
-0.62%
2024
-19.8%
2023
Goods imports
$223B
2024
$10.8B
2023
Goods exports
$263B
2024
$5.52B
2023
Service imports
$57.6B
2024
$4.08B
2023
Service exports
$39B
2024
$1.48B
2023
Imports of goods and services, % of GDP
20.4%
2024
43.4%
2024
Exports of goods and services, % of GDP
22.2%
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.

Indonesia Senegal
Economic freedom 65.1 53.2
Economic freedom ranking 67/197 140/197
Property rights 39.7 57.4
Government integrity 42 47.3
Judicial effectiveness 43.1 50.5
Tax burden 81.5 68.8
Government spending 91.4 63.1
Fiscal health 89.8 0
Business freedom 69.2 55.2
Labor freedom 56.8 54.4
Monetary freedom 79.4 74.3
Trade freedom 78.6 67
Investment freedom 50 60
Financial freedom 60 40

Economic freedom comparison by year

Indonesia
Senegal
1x
Year Economic freedom index
Indonesia Senegal
2026 65.1 53.2
2025 65.2 56.4
2024 63.5 55.4
2023 63.5 57.7
2022 64.4 60
2021 66.9 58
2020 67.2 58
2019 65.8 56.3
2018 64.2 55.7
2017 61.9 55.9
2016 59.4 58.1
2015 58.1 57.8
2014 58.5 55.4
2013 56.9 55.5
2012 56.4 55.4
2011 56 55.7
2010 55.5 54.6
2009 53.4 56.3
2008 53.2 58.3
2007 53.2 58.1
2006 51.9 56.2
2005 52.9 57.9
2004 52.1 58.9
2003 55.8 58.1
2002 54.8 58.6
2001 52.5 58.7
2000 55.2 58.9
1999 61.5 60.6
1998 63.4 59.7
1997 62 58.1
1996 61 58.2
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, 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

Indonesia Senegal
Services, % of GDP
43.8%
2024
48.4%
2024
Industry, % of GDP
39.3%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
16.6%
2024
GNI, Atlas method
$1.39T
2024
$31.1B
2024
GNI per capita, PPP
$16,010
2024
$4,920
2024
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$24.2B
2024
$2.02B
2024
Net outflows of foreign direct investment
$8.39B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
10.8%
2024
Poverty at national poverty lines
9%
2024
37.5%
2021
Gross capital formation, % of GDP
31.4%
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/indonesia/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 (1951–1999, 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 (2023–2024, 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.