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Economy of Lebanon vs Senegal compared: GDP & Debt

Updated on by Georank team

Lebanon has a GDP of $20.1B compared to $32.8B for Senegal, ranking 128/197 and 109/197 by economy size, respectively.

Lebanon has $38.7B in government debt (163.8% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Lebanon vs Senegal GDP by year

Lebanon
Senegal
1x
Year GDP, current $
Lebanon Senegal
2024 - $32,808,056,601
2023 $20,078,620,357 $30,696,331,296
2022 $20,992,421,949 $27,783,332,223
2021 $23,131,941,557 $27,520,784,130
2020 $31,712,128,254 $24,530,513,038
2019 $51,605,959,131 $23,403,995,992
2018 $54,901,519,156 $23,116,701,556
2017 $53,027,680,686 $20,996,562,944
2016 $51,147,308,774 $19,040,312,333
2015 $49,929,337,837 $17,774,766,696
2014 $48,095,213,747 $19,797,253,440
2013 $46,880,103,081 $18,918,667,725
2012 $44,016,799,516 $17,660,870,412
2011 $39,927,125,962 $17,814,283,639
2010 $38,443,907,042 $16,121,315,909
2009 $35,399,582,929 $16,145,867,495
2008 $29,118,916,105 $16,853,989,628
2007 $24,827,355,015 $13,994,218,413
2006 $22,022,709,851 $11,697,918,243
2005 $21,497,336,499 $11,009,033,438
2004 $21,159,827,992 $10,076,816,667
2003 $20,082,918,740 $8,768,721,563
2002 $19,152,238,806 $7,006,402,320
2001 $17,649,751,244 $6,507,824,829
2000 $17,260,364,842 $6,013,185,004
1999 $17,391,056,369 $6,592,834,933
1998 $17,247,179,006 $6,505,607,909
1997 $15,751,867,489 $6,041,478,726
1996 $13,690,217,334 $6,559,712,166
1995 $11,718,795,529 $6,326,342,633
1994 $9,599,127,050 $5,034,588,196
1993 $7,941,744,492 $7,367,986,241
1992 $5,843,579,161 $7,769,817,840
1991 $4,690,415,093 $7,255,210,470
1990 $2,838,485,354 $7,390,967,360
1989 $2,717,998,688 $6,366,039,373
1988 $3,313,540,068 $6,418,419,389
1987 - $6,487,353,103
1986 - $5,392,093,446
1985 - $3,818,944,918
1984 - $3,485,165,432
1983 - $3,569,356,125
1982 - $4,013,951,443
1981 - $4,095,892,781
1980 - $4,510,108,291
1979 - $4,084,877,823
1978 - $3,280,354,921
1977 - $2,938,046,463
1976 - $2,869,777,884
1975 - $2,830,388,405
1974 - $2,099,325,229
1973 - $1,863,398,590
1972 - $1,620,857,104
1971 - $1,339,549,033
1970 - $1,297,407,655
1969 - $1,245,234,931
1968 - $1,309,384,862
1967 - $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/lebanon/senegal | CC BY

GDP per capita in Lebanon vs Senegal by year

Lebanon
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lebanon Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,773 $5,071
2023 $3,478 $12,575 $1,698 $4,778
2022 $3,654 $12,293 $1,574 $4,530
2021 $4,045 $11,600 $1,598 $4,174
2020 $5,561 $16,260 $1,461 $3,753
2019 $8,906 $21,710 $1,431 $3,648
2018 $9,175 $21,985 $1,453 $3,380
2017 $8,608 $20,964 $1,357 $3,234
2016 $8,089 $18,941 $1,266 $3,101
2015 $7,714 $17,046 $1,218 $2,994
2014 $7,578 $16,140 $1,399 $2,854
2013 $8,162 $16,316 $1,380 $2,769
2012 $8,407 $16,121 $1,327 $2,764
2011 $7,835 $14,975 $1,375 $2,685
2010 $7,626 $14,704 $1,276 $2,663
2009 $7,091 $13,586 $1,309 $2,606
2008 $5,912 $12,416 $1,399 $2,581
2007 $5,125 $11,356 $1,189 $2,499
2006 $4,635 $10,312 $1,017 $2,422
2005 $4,602 $10,020 $980 $2,350
2004 $4,601 $9,609 $918 $2,236
2003 $4,438 $8,914 $818 $2,131
2002 $4,291 $8,586 $669 $2,027
2001 $4,010 $8,289 $637 $2,044
2000 $3,987 $7,938 $603 $1,963
1999 $4,087 $7,793 $678 $1,893
1998 $4,125 $7,861 $685 $1,798
1997 $3,834 $7,632 $651 $1,719
1996 $3,393 $7,560 $723 $1,679
1995 $2,959 $6,796 $715 $1,656
1994 $2,468 $6,367 $584 $1,578
1993 $2,079 $5,871 $878 $1,588
1992 $1,559 $5,279 $951 $1,573
1991 $1,278 $4,527 $913 $1,561
1990 $790 $2,990 $957 $1,513
1989 $771 - $849 -
1988 $959 - $880 -
1987 - - $916 -
1986 - - $784 -
1985 - - $571 -
1984 - - $536 -
1983 - - $564 -
1982 - - $652 -
1981 - - $683 -
1980 - - $772 -
1979 - - $716 -
1978 - - $589 -
1977 - - $540 -
1976 - - $541 -
1975 - - $547 -
1974 - - $417 -
1973 - - $381 -
1972 - - $342 -
1971 - - $291.1 -
1970 - - $290.5 -
1969 - - $287.3 -
1968 - - $311 -
1967 - - $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/lebanon/senegal | CC BY

Lebanon's GDP per capita is $3,478, ranking 135/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Lebanon ranks 123rd at $12,575, while Senegal ranks 158th at $5,071.

Economic indicators

Lebanon Senegal
Gross domestic product
$20.1B
2023
$32.8B
2024
GDP rank
128/197
2023
109/197
2024
GDP growth
-0.76%
2022-2023
6.06%
2023-2024
GDP per capita
$3,478
2023
$1,773
2024
GDP per capita rank
135/197
2023
159/197
2024
GDP per capita, PPP
$12,575
2023
$5,071
2024
GDP per capita PPP rank
123/197
2023
158/197
2024
Government debt
$38.7B
2023
$42.1B
2024
Debt-to-GDP ratio
163.8%
2024
128.4%
2024
Government debt per person
$6,704
2023
$2,277
2024
Government debt per person rank
70/185
2023
115/185
2024
Average annual personal income after taxes
$3,560
2026
$2,194
2026
Market capitalization of domestic companies
$10.6B
2021
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
25.1%
2022
28.8%
2021
Income share by poorest 10%
2.8%
2022
3%
2021
Government expenditure, % of GDP
16.5%
2024
33.5%
2024
Consumer prices inflation
45.2%
2023-2024
0.8%
2023-2024
Central bank interest rate
20%
2023
n/a
Unemployment rate
11.3%
2019
5.78%
2024
Population
5906622
19491599

Spending and national debt comparison by year

Lebanon
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Lebanon Senegal
Government spending Government debt Government spending Government debt
2024 16.5% 163.8% 33.5% 128.4%
2023 14.9% 192.8% 35.5% 118.4%
2022 13.4% 244.6% 36.2% 105%
2021 10.9% 358% 33.6% 98.6%
2020 23.2% 148.7% 29.6% 90.2%
2019 31.3% 172.1% 34.3% 81.5%
2018 32.3% 155.1% 22.6% 61.5%
2017 30.6% 150% 22.5% 61.1%
2016 28.3% 146.4% 24% 47.5%
2015 26.7% 140.8% 22.9% 44.5%
2014 28.8% 138.4% 23.1% 42.4%
2013 28.9% 135.4% 22.1% 36.9%
2012 30.2% 131.1% 23% 34.5%
2011 28.8% 134.4% 23.3% 32.9%
2010 29.2% 136.8% 21.7% 34.6%
2009 32.1% 144.5% 21.1% 29.9%
2008 34.3% 161.5% 20.9% 19.1%
2007 35.2% 169.3% 22.2% 19%
2006 36.1% 183.3% 21.3% 17.5%
2005 31.4% 178.9% 18.7% 36.1%
2004 33.3% 169.5% 18.1% 38%
2003 36.4% 171.3% 17.1% 42.9%
2002 36.8% 163.1% 15.5% 52%
2001 38.9% 163.1% 15.7% 53.2%
2000 42.8% 148.1% 14% 57.5%
1999 35.6% 130.2% 14.6% 15%
1998 34.7% 108.2% 13.5% 18.8%
1997 40.5% 100.2% 14.1% 67.8%
1996 43.6% 101.2% 15.4% 0.07%
1995 31.1% 79.6% 14.4% 65.3%
1994 47.3% 71.5% 15.9% 77.3%
1993 23% 50.5% - -
1992 36.1% 51.7% - -
1991 35.6% 67.1% - -
1990 40% 99.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20).

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

In 2024, Lebanon's government spending was $2.99B, accounting for 16.5% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 163.8% in Lebanon and 128.4% in Senegal, ranking 6/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Lebanon

Senegal
1x
Year Deficit/surplus, % of GDP
Lebanon Senegal
2024 -0.19% -13.4%
2023 -1.7% -14.8%
2022 -7.77% -16.1%
2021 -2.67% -13.7%
2020 -7.37% -9.64%
2019 -10.5% -13.9%
2018 -11.3% -3.66%
2017 -8.65% -2.97%
2016 -8.88% -3.27%
2015 -7.48% -3.66%
2014 -6.22% -3.9%
2013 -8.82% -4.34%
2012 -8.43% -4.18%
2011 -5.94% -4.92%
2010 -7.47% -3.94%
2009 -8.1% -3.66%
2008 -9.86% -3.53%
2007 -10.9% -2.8%
2006 -10.6% -3.67%
2005 -8.57% -0.26%
2004 -9.83% 0.18%
2003 -14% -0.52%
2002 -16.2% 0.19%
2001 -21% -1.44%
2000 -23.9% 0.78%
1999 -16.7% -0.62%
1998 -17.3% 0.93%
1997 -24.5% 0.98%
1996 -25.7% 0.92%
1995 -13.6% 2.41%
1994 -29.1% 5.9%
1993 -7.19% -
1992 -24% -
1991 -19.5% -
1990 -30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2023, Lebanon's government deficit, the difference between spending and revenue, was $342M, equivalent to 1.7% of GDP. This compares to Senegal's deficit of $4.53B, or 14.8% of GDP.

Over the past 30 years, Lebanon recorded a fiscal deficit in 30 of those years, while Senegal ran a deficit in 22 years. On average, Lebanon posted an annual deficit equal to 12.1% of GDP, compared to deficit of 3.57% of GDP for Senegal.

Inflation comparison by year

Inflation
Lebanon

Senegal
1x
Year Consumer prices inflation
Lebanon Senegal
2024 45.2% 0.8%
2023 221.3% 5.94%
2022 171.2% 9.7%
2021 154.8% 2.18%
2020 84.9% 2.54%
2019 2.9% 1.76%
2018 6.1% 0.46%
2017 4.5% 1.32%
2016 -0.8% 0.84%
2015 -3.8% 0.14%
2014 1.1% -1.09%
2013 5.6% 0.71%
2012 6.6% 1.42%
2011 5% 3.4%
2010 4% 1.23%
2009 1.2% -2.25%
2008 10.7% 7.35%
2007 4.1% 5.85%
2006 4.1% 2.11%
2005 -1.4% 1.71%
2004 1.7% 0.51%
2003 1.3% -0.05%
2002 1.8% 2.34%
2001 -0.4% 2.97%
2000 -0.4% 0.73%
1999 0.2% 0.83%
1998 4.5% 1.16%
1997 7.7% 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/lebanon/senegal | CC BY

Over the past 28 years, Lebanon has recorded an average annual inflation rate of 26.6%, compared with 2.01% in Senegal. In 2024, inflation was 45.2% in Lebanon and 0.8% in Senegal.

Top exports between countries

Lebanon
Export category Export value
Chemicals & pharma $4.25M
Machinery & equipment $2.35M
Metals $2.17M
Processed food, beverages & tobacco $1.71M
Wood & paper products $1.61M
Textiles & consumer goods $927K
Raw materials & minerals $679K
Raw agricultural goods $666K
Miscellaneous $96K
Precious metals & jewellery $75K
Senegal
Export category Export value
Machinery & equipment $271K
Processed food, beverages & tobacco $240K
Raw materials & minerals $218K
Animal & marine products $153K
Metals $122K
Textiles & consumer goods $121K
Chemicals & pharma $110K
Raw agricultural goods $76K

Balance of trade

Lebanon Senegal
Current account balance
-$5.64B
2023
-$6.07B
2023
Current account balance ranking
168/190
2023
170/190
2023
Current account balance, % of GDP
-28.1%
2023
-19.8%
2023
Goods imports
$16.7B
2023
$10.8B
2023
Goods exports
$3.85B
2023
$5.52B
2023
Service imports
$6.63B
2023
$4.08B
2023
Service exports
$7.92B
2023
$1.48B
2023
Imports of goods and services, % of GDP
73.7%
2023
43.4%
2024
Exports of goods and services, % of GDP
30.6%
2023
24.7%
2024

Economic freedom indices

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

Lebanon Senegal
Economic freedom 43.1 53.2
Economic freedom ranking 183/197 140/197
Property rights 21.8 57.4
Government integrity 23.4 47.3
Judicial effectiveness 23.8 50.5
Tax burden 90.3 68.8
Government spending 93.3 63.1
Fiscal health 63.4 0
Business freedom 47.6 55.2
Labor freedom 48.4 54.4
Monetary freedom 0 74.3
Trade freedom 65.6 67
Investment freedom 20 60
Financial freedom 20 40

Economic freedom comparison by year

Lebanon
Senegal
1x
Year Economic freedom index
Lebanon Senegal
2026 43.1 53.2
2025 44.1 56.4
2024 48.3 55.4
2023 45.6 57.7
2022 47.3 60
2021 51.4 58
2020 51.7 58
2019 51.1 56.3
2018 53.2 55.7
2017 53.3 55.9
2016 59.5 58.1
2015 59.3 57.8
2014 59.4 55.4
2013 59.5 55.5
2012 60.1 55.4
2011 60.1 55.7
2010 59.5 54.6
2009 58.1 56.3
2008 60 58.3
2007 60.4 58.1
2006 57.5 56.2
2005 57.2 57.9
2004 56.9 58.9
2003 56.7 58.1
2002 57.1 58.6
2001 61 58.7
2000 56.1 58.9
1999 59.1 60.6
1998 59 59.7
1997 63.9 58.1
1996 63.2 58.2

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

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

The Economic Freedom Index for Lebanon is 43.1, ranking 183/197, 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

Lebanon Senegal
Services, % of GDP
42.4%
2023
48.4%
2024
Industry, % of GDP
2.09%
2023
25%
2024
Agriculture, forestry, and fishing, % of GDP
0.97%
2023
16.6%
2024
GNI, Atlas method
$21.4B
2023
$31.1B
2024
GNI per capita, PPP
$12,420
2023
$4,920
2024
Total reserves including gold
$33.3B
2024
n/a
Total reserves ranking
54/177
2024
n/a
Net foreign direct investment
-$583M
2023
-$4.72B
2023
Net inflows of foreign direct investment
$1.84B
2024
$2.02B
2024
Net outflows of foreign direct investment
$391M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
22%
2023
10.8%
2024
Poverty at national poverty lines
27.4%
2012
37.5%
2021
Gross capital formation, % of GDP
1.9%
2023
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/lebanon/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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  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.