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Economy of Lithuania vs Senegal compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $32.8B for Senegal, ranking 79/197 and 109/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Lithuania vs Senegal GDP by year

Lithuania
Senegal
1x
Year GDP, current $
Lithuania Senegal
2024 $84,869,215,513 $32,808,056,601
2023 $79,789,877,416 $30,696,331,296
2022 $71,033,884,500 $27,783,332,223
2021 $67,037,321,009 $27,520,784,130
2020 $57,412,038,533 $24,530,513,038
2019 $55,122,066,226 $23,403,995,992
2018 $54,261,795,149 $23,116,701,556
2017 $47,756,764,508 $20,996,562,944
2016 $42,970,749,245 $19,040,312,333
2015 $41,540,954,817 $17,774,766,696
2014 $48,306,546,657 $19,797,253,440
2013 $46,303,660,422 $18,918,667,725
2012 $42,709,372,067 $17,660,870,412
2011 $43,186,501,863 $17,814,283,639
2010 $36,638,128,534 $16,121,315,909
2009 $37,494,380,039 $16,145,867,495
2008 $47,831,254,208 $16,853,989,628
2007 $39,729,151,615 $13,994,218,413
2006 $30,116,192,747 $11,697,918,243
2005 $26,105,207,115 $11,009,033,438
2004 $22,743,164,431 $10,076,816,667
2003 $18,809,197,970 $8,768,721,563
2002 $14,282,292,665 $7,006,402,320
2001 $12,260,761,329 $6,507,824,829
2000 $11,550,695,727 $6,013,185,004
1999 $11,022,095,814 $6,592,834,933
1998 $11,289,161,847 $6,505,607,909
1997 $10,168,271,903 $6,041,478,726
1996 $8,430,207,164 $6,559,712,166
1995 $7,921,210,340 $6,326,342,633
1994 - $5,034,588,196
1993 - $7,367,986,241
1992 - $7,769,817,840
1991 - $7,255,210,470
1990 - $7,390,967,360
1989 - $6,366,039,373
1988 - $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/lithuania/senegal | CC BY

GDP per capita in Lithuania vs Senegal by year

Lithuania
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $1,773 $5,071
2023 $27,786 $52,348 $1,698 $4,778
2022 $25,086 $50,936 $1,574 $4,530
2021 $23,870 $45,874 $1,598 $4,174
2020 $20,429 $41,263 $1,461 $3,753
2019 $19,609 $40,564 $1,431 $3,648
2018 $19,247 $36,492 $1,453 $3,380
2017 $16,800 $31,305 $1,357 $3,234
2016 $14,934 $28,699 $1,266 $3,101
2015 $14,270 $26,949 $1,218 $2,994
2014 $16,446 $26,275 $1,399 $2,854
2013 $15,637 $24,890 $1,380 $2,769
2012 $14,288 $23,275 $1,327 $2,764
2011 $14,262 $21,558 $1,375 $2,685
2010 $11,829 $18,719 $1,276 $2,663
2009 $11,854 $17,055 $1,309 $2,606
2008 $14,956 $19,410 $1,399 $2,581
2007 $12,295 $17,969 $1,189 $2,499
2006 $9,210 $15,522 $1,017 $2,422
2005 $7,857 $13,951 $980 $2,350
2004 $6,735 $12,605 $918 $2,236
2003 $5,507 $11,660 $818 $2,131
2002 $4,148 $10,296 $669 $2,027
2001 $3,533 $9,399 $637 $2,044
2000 $3,301 $8,475 $603 $1,963
1999 $3,128 $7,918 $678 $1,893
1998 $3,181 $7,846 $685 $1,798
1997 $2,844 $7,167 $651 $1,719
1996 $2,341 $6,479 $723 $1,679
1995 $2,183 $6,023 $715 $1,656
1994 - $5,667 $584 $1,578
1993 - $6,107 $878 $1,588
1992 - $7,087 $951 $1,573
1991 - $8,790 $913 $1,561
1990 - $9,030 $957 $1,513
1989 - - $849 -
1988 - - $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/lithuania/senegal | CC BY

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Senegal ranks 158th at $5,071.

Economic indicators

Lithuania Senegal
Gross domestic product
$84.9B
2024
$32.8B
2024
GDP rank
79/197
2024
109/197
2024
GDP growth
2.77%
2023-2024
6.06%
2023-2024
GDP per capita
$29,384
2024
$1,773
2024
GDP per capita rank
43/197
2024
159/197
2024
GDP per capita, PPP
$55,286
2024
$5,071
2024
GDP per capita PPP rank
39/197
2024
158/197
2024
Government debt
$32.4B
2024
$42.1B
2024
Debt-to-GDP ratio
38.2%
2024
128.4%
2024
Government debt per person
$11,232
2024
$2,277
2024
Government debt per person rank
49/185
2024
115/185
2024
Average annual personal income after taxes
$19,946
2026
$2,194
2026
Income share by richest 10%
27.3%
2023
28.8%
2021
Income share by poorest 10%
2.2%
2023
3%
2021
Government expenditure, % of GDP
39.5%
2024
33.5%
2024
Consumer prices inflation
0.72%
2023-2024
0.8%
2023-2024
Unemployment rate
7.1%
2024
5.78%
2024
Population
2829914
19491599

Spending and national debt comparison by year

Lithuania
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Lithuania Senegal
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 33.5% 128.4%
2023 37.4% 37.3% 35.5% 118.4%
2022 36.3% 38.1% 36.2% 105%
2021 37.3% 43.3% 33.6% 98.6%
2020 42.4% 45.9% 29.6% 90.2%
2019 34.6% 35.6% 34.3% 81.5%
2018 33.8% 33.3% 22.6% 61.5%
2017 33.4% 39.3% 22.5% 61.1%
2016 34.5% 40% 24% 47.5%
2015 35.2% 42.6% 22.9% 44.5%
2014 35% 40.7% 23.1% 42.4%
2013 35.7% 38.9% 22.1% 36.9%
2012 36.6% 39.9% 23% 34.5%
2011 40.1% 37.5% 23.3% 32.9%
2010 43% 36.7% 21.7% 34.6%
2009 44.8% 27.9% 21.1% 29.9%
2008 38.2% 14.6% 20.9% 19.1%
2007 35.3% 15.9% 22.2% 19%
2006 34.4% 17.3% 21.3% 17.5%
2005 34.1% 17.6% 18.7% 36.1%
2004 33.9% 18.6% 18.1% 38%
2003 32.8% 20.4% 17.1% 42.9%
2002 34.4% 22.1% 15.5% 52%
2001 36.5% 22.9% 15.7% 53.2%
2000 38.7% 23.5% 14% 57.5%
1999 42.4% 28% 14.6% 15%
1998 39.6% 21.7% 13.5% 18.8%
1997 35% - 14.1% 67.8%
1996 34.4% - 15.4% 0.07%
1995 35.5% - 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/lithuania/senegal | CC BY

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 128.4% in Senegal, ranking 139/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Senegal
1x
Year Deficit/surplus, % of GDP
Lithuania Senegal
2024 -1.28% -13.4%
2023 -0.69% -14.8%
2022 -0.72% -16.1%
2021 -1.15% -13.7%
2020 -6.42% -9.64%
2019 0.41% -13.9%
2018 0.52% -3.66%
2017 0.36% -2.97%
2016 0.03% -3.27%
2015 -0.77% -3.66%
2014 -1.79% -3.9%
2013 -2.69% -4.34%
2012 -3.15% -4.18%
2011 -5.92% -4.92%
2010 -6.95% -3.94%
2009 -9.09% -3.66%
2008 -3.09% -3.53%
2007 -0.82% -2.8%
2006 -0.27% -3.67%
2005 -0.34% -0.26%
2004 -1.39% 0.18%
2003 -1.26% -0.52%
2002 -1.85% 0.19%
2001 -3.52% -1.44%
2000 -3.18% 0.78%
1999 -7.82% -0.62%
1998 -4.93% 0.93%
1997 -0.76% 0.98%
1996 -3.59% 0.92%
1995 -3.31% 2.41%
1994 - 5.9%

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

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

In 2024, Lithuania's government deficit, the difference between spending and revenue, was $1.09B, equivalent to 1.28% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while Senegal ran a deficit in 23 years. On average, Lithuania posted an annual deficit equal to 2.51% of GDP, compared to deficit of 4.22% of GDP for Senegal.

Inflation comparison by year

Inflation
Lithuania

Senegal
1x
Year Consumer prices inflation
Lithuania Senegal
2024 0.72% 0.8%
2023 9.12% 5.94%
2022 19.7% 9.7%
2021 4.68% 2.18%
2020 1.2% 2.54%
2019 2.33% 1.76%
2018 2.7% 0.46%
2017 3.72% 1.32%
2016 0.91% 0.84%
2015 -0.88% 0.14%
2014 0.1% -1.09%
2013 1.05% 0.71%
2012 3.09% 1.42%
2011 4.13% 3.4%
2010 1.32% 1.23%
2009 4.45% -2.25%
2008 10.9% 7.35%
2007 5.74% 5.85%
2006 3.74% 2.11%
2005 2.66% 1.71%
2004 1.16% 0.51%
2003 -1.13% -0.05%
2002 0.28% 2.34%
2001 1.37% 2.97%
2000 0.98% 0.73%
1999 0.73% 0.83%
1998 5.07% 1.16%
1997 8.88% 1.75%

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

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

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 2.01% in Senegal. In 2024, inflation was 0.72% in Lithuania and 0.8% in Senegal.

Top exports between countries

Lithuania
Export category Export value
Raw agricultural goods $13.3M
Machinery & equipment $3.65M
Processed food, beverages & tobacco $1.1M
Raw materials & minerals $798K
Animal & marine products $568K
Metals $238K
Textiles & consumer goods $191K
Chemicals & pharma $29K
Wood & paper products $16K
Miscellaneous $1K
Senegal
Export category Export value
Raw materials & minerals $4.36M
Processed food, beverages & tobacco $153K
Machinery & equipment $73K
Animal & marine products $58K
Raw agricultural goods $25K

Balance of trade

Lithuania Senegal
Current account balance
$2.77B
2024
-$6.07B
2023
Current account balance ranking
41/190
2024
170/190
2023
Current account balance, % of GDP
+3.27%
2024
-19.8%
2023
Goods imports
$43.8B
2024
$10.8B
2023
Goods exports
$38.9B
2024
$5.52B
2023
Service imports
$14.7B
2024
$4.08B
2023
Service exports
$24.3B
2024
$1.48B
2023
Imports of goods and services, % of GDP
68.9%
2024
43.4%
2024
Exports of goods and services, % of GDP
74.1%
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.

Lithuania Senegal
Economic freedom 75.3 53.2
Economic freedom ranking 18/197 140/197
Property rights 91.8 57.4
Government integrity 71.4 47.3
Judicial effectiveness 73.2 50.5
Tax burden 76.2 68.8
Government spending 57.3 63.1
Fiscal health 95.8 0
Business freedom 84.2 55.2
Labor freedom 58.1 54.4
Monetary freedom 76.7 74.3
Trade freedom 79.4 67
Investment freedom 70 60
Financial freedom 70 40

Economic freedom comparison by year

Lithuania
Senegal
1x
Year Economic freedom index
Lithuania Senegal
2026 75.3 53.2
2025 74.6 56.4
2024 72.9 55.4
2023 72.2 57.7
2022 75.8 60
2021 76.9 58
2020 76.7 58
2019 74.2 56.3
2018 75.3 55.7
2017 75.8 55.9
2016 75.2 58.1
2015 74.7 57.8
2014 73 55.4
2013 72.1 55.5
2012 71.5 55.4
2011 71.3 55.7
2010 70.3 54.6
2009 70 56.3
2008 70.9 58.3
2007 71.5 58.1
2006 71.8 56.2
2005 70.5 57.9
2004 72.4 58.9
2003 69.7 58.1
2002 66.1 58.6
2001 65.5 58.7
2000 61.9 58.9
1999 61.5 60.6
1998 59.4 59.7
1997 57.3 58.1
1996 49.7 58.2

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, 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

Lithuania Senegal
Services, % of GDP
63.6%
2024
48.4%
2024
Industry, % of GDP
23.4%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
16.6%
2024
GNI, Atlas method
$78.4B
2024
$31.1B
2024
GNI per capita, PPP
$53,920
2024
$4,920
2024
Total reserves including gold
$7.41B
2024
n/a
Total reserves ranking
86/177
2024
n/a
Net foreign direct investment
-$3.91B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$4.7B
2024
$2.02B
2024
Net outflows of foreign direct investment
$795M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
20.9%
2021
37.5%
2021
Gross capital formation, % of GDP
20.4%
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/lithuania/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 (1996–2026, 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)

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.