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Economy of Iran vs Senegal compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $32.8B for Senegal, ranking 34/197 and 109/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Iran vs Senegal GDP by year

Iran
Senegal
1x
Year GDP, current $
Iran Senegal
2024 $475,252,089,215 $32,808,056,601
2023 $457,510,482,317 $30,696,331,296
2022 $422,662,261,526 $27,783,332,223
2021 $407,350,685,583 $27,520,784,130
2020 $280,934,329,280 $24,530,513,038
2019 $347,988,400,958 $23,403,995,992
2018 $411,903,303,606 $23,116,701,556
2017 $510,239,893,418 $20,996,562,944
2016 $478,618,064,871 $19,040,312,333
2015 $409,191,686,497 $17,774,766,696
2014 $462,284,793,281 $19,797,253,440
2013 $500,399,839,840 $18,918,667,725
2012 $644,019,315,004 $17,660,870,412
2011 $629,082,257,472 $17,814,283,639
2010 $487,069,570,464 $16,121,315,909
2009 $414,059,094,949 $16,145,867,495
2008 $406,070,949,554 $16,853,989,628
2007 $349,736,591,832 $13,994,218,413
2006 $265,602,187,404 $11,697,918,243
2005 $224,970,371,325 $11,009,033,438
2004 $187,754,571,248 $10,076,816,667
2003 $151,911,222,119 $8,768,721,563
2002 $128,626,917,504 $7,006,402,320
2001 $126,878,750,296 $6,507,824,829
2000 $109,591,707,802 $6,013,185,004
1999 $113,848,450,088 $6,592,834,933
1998 $110,276,913,363 $6,505,607,909
1997 $113,919,163,421 $6,041,478,726
1996 $120,403,931,885 $6,559,712,166
1995 $96,419,225,744 $6,326,342,633
1994 $71,841,461,173 $5,034,588,196
1993 $63,743,623,232 $7,367,986,241
1992 $119,768,691,217 $7,769,817,840
1991 $131,637,664,958 $7,255,210,470
1990 $124,813,263,926 $7,390,967,360
1989 $120,496,362,916 $6,366,039,373
1988 $123,057,861,334 $6,418,419,389
1987 $134,009,995,923 $6,487,353,103
1986 $209,094,561,833 $5,392,093,446
1985 $180,183,629,600 $3,818,944,918
1984 $162,276,728,620 $3,485,165,432
1983 $156,365,156,618 $3,569,356,125
1982 $125,948,756,439 $4,013,951,443
1981 $100,499,312,750 $4,095,892,781
1980 $94,362,275,580 $4,510,108,291
1979 $90,391,877,326 $4,084,877,823
1978 $77,994,316,621 $3,280,354,921
1977 $80,600,122,702 $2,938,046,463
1976 $68,055,295,081 $2,869,777,884
1975 $51,776,222,350 $2,830,388,405
1974 $46,209,092,072 $2,099,325,229
1973 $27,081,698,250 $1,863,398,590
1972 $17,153,463,263 $1,620,857,104
1971 $13,731,802,833 $1,339,549,033
1970 $10,976,245,154 $1,297,407,655
1969 $9,743,089,607 $1,245,234,931
1968 $8,623,172,960 $1,309,384,862
1967 $7,555,383,690 $1,246,480,766
1966 $6,789,938,672 $1,246,908,186
1965 $6,197,319,929 $1,210,058,228
1964 $5,379,845,648 $1,188,930,645
1963 $4,928,628,018 $1,122,139,862
1962 $4,693,566,416 $1,085,475,791
1961 $4,426,949,095 $1,058,975,257
1960 $4,199,134,390 $1,003,692,370

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

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

GDP per capita in Iran vs Senegal by year

Iran
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $1,773 $5,071
2023 $5,049 $18,917 $1,698 $4,778
2022 $4,721 $17,546 $1,574 $4,530
2021 $4,605 $15,884 $1,598 $4,174
2020 $3,203 $15,119 $1,461 $3,753
2019 $3,997 $13,928 $1,431 $3,648
2018 $4,783 $15,324 $1,453 $3,380
2017 $6,001 $15,719 $1,357 $3,234
2016 $5,711 $15,195 $1,266 $3,101
2015 $4,953 $14,274 $1,218 $2,994
2014 $5,672 $16,065 $1,399 $2,854
2013 $6,223 $16,215 $1,380 $2,769
2012 $8,114 $17,021 $1,327 $2,764
2011 $8,026 $19,275 $1,375 $2,685
2010 $6,291 $18,628 $1,276 $2,663
2009 $5,416 $17,615 $1,309 $2,606
2008 $5,377 $17,549 $1,399 $2,581
2007 $4,688 $17,384 $1,189 $2,499
2006 $3,619 $15,907 $1,017 $2,422
2005 $3,132 $15,016 $980 $2,350
2004 $2,672 $14,425 $918 $2,236
2003 $2,209 $13,755 $818 $2,131
2002 $1,891 $12,554 $669 $2,027
2001 $1,881 $11,533 $637 $2,044
2000 $1,650 $11,187 $603 $1,963
1999 $1,740 $10,489 $678 $1,893
1998 $1,709 $10,285 $685 $1,798
1997 $1,790 $10,101 $651 $1,719
1996 $1,915 $9,916 $723 $1,679
1995 $1,550 $9,255 $715 $1,656
1994 $1,168 $8,951 $584 $1,578
1993 $1,038 $8,933 $878 $1,588
1992 $1,957 $8,888 $951 $1,573
1991 $2,194 $8,580 $913 $1,561
1990 $2,138 $7,566 $957 $1,513
1989 $2,125 - $849 -
1988 $2,234 - $880 -
1987 $2,513 - $916 -
1986 $4,064 - $784 -
1985 $3,634 - $571 -
1984 $3,395 - $536 -
1983 $3,397 - $564 -
1982 $2,845 - $652 -
1981 $2,393 - $683 -
1980 $2,368 - $772 -
1979 $2,352 - $716 -
1978 $2,101 - $589 -
1977 $2,243 - $540 -
1976 $1,954 - $541 -
1975 $1,532 - $547 -
1974 $1,409 - $417 -
1973 $851 - $381 -
1972 $555 - $342 -
1971 $457 - $291.1 -
1970 $377 - $290.5 -
1969 $345 - $287.3 -
1968 $314 - $311 -
1967 $283.7 - $305 -
1966 $262.9 - $315 -
1965 $247.5 - $314 -
1964 $221.7 - $318 -
1963 $209.6 - $309 -
1962 $205.8 - $307 -
1961 $200.1 - $308 -
1960 $195.6 - $300 -

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

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

Iran's GDP per capita is $5,190, ranking 119/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Senegal ranks 158th at $5,071.

Economic indicators

Iran Senegal
Gross domestic product
$475B
2024
$32.8B
2024
GDP rank
34/197
2024
109/197
2024
GDP growth
3.66%
2023-2024
6.06%
2023-2024
GDP per capita
$5,190
2024
$1,773
2024
GDP per capita rank
119/197
2024
159/197
2024
GDP per capita, PPP
$19,874
2024
$5,071
2024
GDP per capita PPP rank
97/197
2024
158/197
2024
Government debt
$162B
2024
$42.1B
2024
Debt-to-GDP ratio
34%
2024
128.4%
2024
Government debt per person
$1,764
2024
$2,277
2024
Government debt per person rank
122/185
2024
115/185
2024
Average annual personal income after taxes
$2,964
2026
$2,194
2026
Market capitalization of domestic companies
$172B
2024
n/a
Income share by richest 10%
28.2%
2023
28.8%
2021
Income share by poorest 10%
2.8%
2023
3%
2021
Government expenditure, % of GDP
14.2%
2024
33.5%
2024
Consumer prices inflation
32.5%
2023-2024
0.8%
2023-2024
Central bank interest rate
23%
2023
n/a
Unemployment rate
7.63%
2024
5.78%
2024
Population
93468444
19491599

Spending and national debt comparison by year

Iran
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Iran Senegal
Government spending Government debt Government spending Government debt
2024 14.2% 34% 33.5% 128.4%
2023 12.8% 29.6% 35.5% 118.4%
2022 12.8% 34.5% 36.2% 105%
2021 13.4% 39.9% 33.6% 98.6%
2020 12.1% 47.1% 29.6% 90.2%
2019 13.6% 44.6% 34.3% 81.5%
2018 14.8% 41.6% 22.6% 61.5%
2017 16.4% 43.2% 22.5% 61.1%
2016 16.3% 45.9% 24% 47.5%
2015 14.1% 32.1% 22.9% 44.5%
2014 12.3% 10.9% 23.1% 42.4%
2013 11.5% 10.2% 22.1% 36.9%
2012 11.4% 11.7% 23% 34.5%
2011 14.6% 10.6% 23.3% 32.9%
2010 14.1% 12.8% 21.7% 34.6%
2009 15.7% 11.5% 21.1% 29.9%
2008 16.8% 10.6% 20.9% 19.1%
2007 14.2% 13.5% 22.2% 19%
2006 18.7% 15.2% 21.3% 17.5%
2005 17.9% 18.3% 18.7% 36.1%
2004 15.1% 21.1% 18.1% 38%
2003 15.7% 21.9% 17.1% 42.9%
2002 15.6% 23.4% 15.5% 52%
2001 13.6% 21% 15.7% 53.2%
2000 13.3% 18.2% 14% 57.5%
1999 15.7% 22.2% 14.6% 15%
1998 16.9% 29.6% 13.5% 18.8%
1997 17.4% 30.9% 14.1% 67.8%
1996 17.3% 29.3% 15.4% 0.07%
1995 21% 31.2% 14.4% 65.3%
1994 23% 41.7% 15.9% 77.3%
1993 27.2% 25.6% - -
1992 14.4% 25.2% - -
1991 14% 29.3% - -
1990 16.4% 37% - -
1989 20% 48.8% - -
1988 23.6% 53.2% - -
1987 18.6% 48.6% - -
1986 19% 47.4% - -
1985 21.6% 8.73% - -
1984 23.7% 10% - -
1983 27.5% 35.7% - -
1982 29.7% 47.7% - -
1981 33.7% 47.6% - -
1980 35.8% 35.5% - -
1979 - - - -
1978 - - - -
1977 - 9.23% - -
1976 - 6.92% - -
1975 - 8.81% - -
1974 - 6.68% - -
1973 - 12.8% - -
1972 - 12.7% - -
1971 - 14.2% - -
1970 - 14.1% - -
1969 - - - -
1968 23.6% - - -
1967 22.3% - - -
1966 20.5% - - -
1965 16.3% 14.9% - -
1964 15.4% 15.2% - -
1963 14.8% 12.4% - -
1962 15.6% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20).

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

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 34% in Iran and 128.4% in Senegal, ranking 147/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Senegal
1x
Year Deficit/surplus, % of GDP
Iran Senegal
2024 -3.83% -13.4%
2023 -2.54% -14.8%
2022 -2.64% -16.1%
2021 -3.01% -13.7%
2020 -4.87% -9.64%
2019 -4.3% -13.9%
2018 -1.59% -3.66%
2017 -1.55% -2.97%
2016 -1.7% -3.27%
2015 -1.3% -3.66%
2014 -0.91% -3.9%
2013 -0.72% -4.34%
2012 -0.5% -4.18%
2011 -0.66% -4.92%
2010 -0.84% -3.94%
2009 -3.3% -3.66%
2008 -4.39% -3.53%
2007 -2.41% -2.8%
2006 -4.91% -3.67%
2005 -2.44% -0.26%
2004 -2.45% 0.18%
2003 -2.76% -0.52%
2002 -2.88% 0.19%
2001 0.02% -1.44%
2000 5.42% 0.78%
1999 -0.51% -0.62%
1998 -5.03% 0.93%
1997 -1.81% 0.98%
1996 -0.75% 0.92%
1995 -2.63% 2.41%
1994 -3.36% 5.9%
1993 -5.15% -
1992 -0.86% -
1991 -1.64% -
1990 -1.73% -
1989 -4.45% -
1988 -10.3% -
1987 -6.84% -
1986 -7.84% -
1985 -3.74% -
1984 -4.02% -
1983 -6.15% -
1982 -5.55% -
1981 -10.7% -
1980 -14.2% -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 -4.57% -
1967 -4% -
1966 -2.63% -
1965 -1.23% -
1964 -0.04% -
1963 0.26% -
1962 -1.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

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

In 2024, Iran's government deficit, the difference between spending and revenue, was $18.2B, equivalent to 3.83% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Iran recorded a fiscal deficit in 29 of those years, while Senegal ran a deficit in 23 years. On average, Iran posted an annual deficit equal to 2.1% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Iran

Senegal
1x
Year Consumer prices inflation
Iran Senegal
2024 32.5% 0.8%
2023 44.6% 5.94%
2022 43.5% 9.7%
2021 43.4% 2.18%
2020 30.6% 2.54%
2019 39.9% 1.76%
2018 18% 0.46%
2017 8.04% 1.32%
2016 7.25% 0.84%
2015 12.5% 0.14%
2014 16.6% -1.09%
2013 36.6% 0.71%
2012 27.3% 1.42%
2011 26.3% 3.4%
2010 10.1% 1.23%
2009 13.6% -2.25%
2008 25.4% 7.35%
2007 17.3% 5.85%
2006 10% 2.11%
2005 13.4% 1.71%
2004 14.8% 0.51%
2003 16.5% -0.05%
2002 14.3% 2.34%
2001 11.3% 2.97%
2000 14.5% 0.73%
1999 20.1% 0.83%
1998 17.9% 1.16%
1997 17.3% 1.75%

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

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

Over the past 28 years, Iran has recorded an average annual inflation rate of 21.6%, compared with 2.01% in Senegal. In 2024, inflation was 32.5% in Iran and 0.8% in Senegal.

Top exports between countries

Iran
Export category Export value
Raw materials & minerals $5.8M
Machinery & equipment $3.95M
Chemicals & pharma $317K
Processed food, beverages & tobacco $258K
Textiles & consumer goods $217K
Raw agricultural goods $55K
Metals $51K
Animal & marine products $27K
Wood & paper products $18K
Senegal
Export category Export value
Animal & marine products $570K
Metals $319K
Textiles & consumer goods $66K
Chemicals & pharma $14K

Balance of trade

Iran Senegal
Current account balance
$12.5B
2000
-$6.07B
2023
Current account balance ranking
22/190
2000
170/190
2023
Current account balance, % of GDP
+11.4%
2000
-19.8%
2023
Goods imports
$15.2B
2000
$10.8B
2023
Goods exports
$28.3B
2000
$5.52B
2023
Service imports
$2.3B
2000
$4.08B
2023
Service exports
$1.38B
2000
$1.48B
2023
Imports of goods and services, % of GDP
28.5%
2024
43.4%
2024
Exports of goods and services, % of GDP
23.6%
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.

Iran Senegal
Economic freedom 41.8 53.2
Economic freedom ranking 185/197 140/197
Property rights 20.2 57.4
Government integrity 16.2 47.3
Judicial effectiveness 18.7 50.5
Tax burden 81.3 68.8
Government spending 94.7 63.1
Fiscal health 83.3 0
Business freedom 37.4 55.2
Labor freedom 41.8 54.4
Monetary freedom 42.2 74.3
Trade freedom 55.8 67
Investment freedom 5 60
Financial freedom 5 40

Economic freedom comparison by year

Iran
Senegal
1x
Year Economic freedom index
Iran Senegal
2026 41.8 53.2
2025 42.5 56.4
2024 41.2 55.4
2023 42.2 57.7
2022 42.4 60
2021 47.2 58
2020 49.2 58
2019 51.1 56.3
2018 50.9 55.7
2017 50.5 55.9
2016 43.5 58.1
2015 41.8 57.8
2014 40.3 55.4
2013 43.2 55.5
2012 42.3 55.4
2011 42.1 55.7
2010 43.4 54.6
2009 44.6 56.3
2008 45 58.3
2007 45 58.1
2006 45 56.2
2005 50.5 57.9
2004 42.8 58.9
2003 43.2 58.1
2002 36.4 58.6
2001 35.9 58.7
2000 36.1 58.9
1999 36.8 60.6
1998 36 59.7
1997 34.5 58.1
1996 36.1 58.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, 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

Iran Senegal
Services, % of GDP
49.8%
2024
48.4%
2024
Industry, % of GDP
36.1%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
16.6%
2024
GNI, Atlas method
$469B
2024
$31.1B
2024
GNI per capita, PPP
$19,820
2024
$4,920
2024
Total reserves including gold
$7.69B
1982
n/a
Total reserves ranking
85/177
1982
n/a
Net foreign direct investment
-$39M
2000
-$4.72B
2023
Net inflows of foreign direct investment
$1.45B
2024
$2.02B
2024
Net outflows of foreign direct investment
$89.4M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
10.8%
2024
Poverty at national poverty lines
18.7%
2020
37.5%
2021
Gross capital formation, % of GDP
44.3%
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/iran/senegal | CC BY

Compare countries by 7 more topics

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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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.