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Economy of Malaysia vs Senegal compared: GDP & Debt

Updated on by Georank team

Malaysia has a GDP of $422B compared to $32.8B for Senegal, ranking 38/197 and 109/197 by economy size, respectively.

Malaysia has $296B in government debt (70.1% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Malaysia vs Senegal GDP by year

Malaysia
Senegal
1x
Year GDP, current $
Malaysia Senegal
2024 $422,227,005,429 $32,808,056,601
2023 $399,949,418,753 $30,696,331,296
2022 $407,830,525,990 $27,783,332,223
2021 $373,784,553,030 $27,520,784,130
2020 $337,456,163,961 $24,530,513,038
2019 $365,177,721,022 $23,403,995,992
2018 $358,788,845,713 $23,116,701,556
2017 $319,109,094,160 $20,996,562,944
2016 $301,256,033,870 $19,040,312,333
2015 $301,355,266,965 $17,774,766,696
2014 $338,066,095,097 $19,797,253,440
2013 $323,276,235,524 $18,918,667,725
2012 $314,443,047,642 $17,660,870,412
2011 $297,951,668,675 $17,814,283,639
2010 $255,017,638,456 $16,121,315,909
2009 $202,257,453,037 $16,145,867,495
2008 $230,811,614,370 $16,853,989,628
2007 $193,549,569,478 $13,994,218,413
2006 $162,692,258,307 $11,697,918,243
2005 $143,534,405,819 $11,009,033,438
2004 $124,749,473,684 $10,076,816,667
2003 $110,202,368,421 $8,768,721,563
2002 $100,845,526,316 $7,006,402,320
2001 $92,783,947,368 $6,507,824,829
2000 $93,789,736,842 $6,013,185,004
1999 $79,148,421,053 $6,592,834,933
1998 $72,167,498,981 $6,505,607,909
1997 $100,005,323,302 $6,041,478,726
1996 $100,855,393,910 $6,559,712,166
1995 $88,705,342,903 $6,326,342,633
1994 $74,478,356,958 $5,034,588,196
1993 $66,894,966,969 $7,367,986,241
1992 $59,167,550,163 $7,769,817,840
1991 $49,143,148,094 $7,255,210,470
1990 $44,024,585,240 $7,390,967,360
1989 $38,847,965,293 $6,366,039,373
1988 $35,272,109,220 $6,418,419,389
1987 $32,181,210,158 $6,487,353,103
1986 $27,734,111,400 $5,392,093,446
1985 $31,199,633,353 $3,818,944,918
1984 $33,942,897,422 $3,485,165,432
1983 $30,347,442,111 $3,569,356,125
1982 $26,804,493,635 $4,013,951,443
1981 $25,004,285,792 $4,095,892,781
1980 $24,488,224,677 $4,510,108,291
1979 $21,213,264,962 $4,084,877,823
1978 $16,358,079,862 $3,280,354,921
1977 $13,139,488,633 $2,938,046,463
1976 $11,050,234,599 $2,869,777,884
1975 $9,298,800,799 $2,830,388,405
1974 $9,496,204,302 $2,099,325,229
1973 $7,662,902,678 $1,863,398,590
1972 $5,043,347,250 $1,620,857,104
1971 $4,244,395,956 $1,339,549,033
1970 $3,864,145,667 $1,297,407,655
1969 $3,664,552,041 $1,245,234,931
1968 $3,330,371,551 $1,309,384,862
1967 $3,188,924,677 $1,246,480,766
1966 $3,143,517,944 $1,246,908,186
1965 $2,956,337,669 $1,210,058,228
1964 $2,674,423,922 $1,188,930,645
1963 $2,510,110,348 $1,122,139,862
1962 $2,001,489,602 $1,085,475,791
1961 $1,901,856,123 $1,058,975,257
1960 $1,916,229,477 $1,003,692,370

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

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

GDP per capita in Malaysia vs Senegal by year

Malaysia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malaysia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,874 $38,779 $1,773 $5,071
2023 $11,386 $36,467 $1,698 $4,778
2022 $11,755 $34,420 $1,574 $4,530
2021 $10,903 $29,823 $1,598 $4,174
2020 $9,958 $27,475 $1,461 $3,753
2019 $10,920 $28,934 $1,431 $3,648
2018 $10,902 $27,794 $1,453 $3,380
2017 $9,863 $26,416 $1,357 $3,234
2016 $9,477 $25,286 $1,266 $3,101
2015 $9,649 $24,526 $1,218 $2,994
2014 $11,013 $24,307 $1,399 $2,854
2013 $10,714 $23,161 $1,380 $2,769
2012 $10,601 $22,639 $1,327 $2,764
2011 $10,217 $21,324 $1,375 $2,685
2010 $8,899 $20,193 $1,276 $2,663
2009 $7,191 $18,923 $1,309 $2,606
2008 $8,372 $19,480 $1,399 $2,581
2007 $7,169 $18,617 $1,189 $2,499
2006 $6,158 $17,426 $1,017 $2,422
2005 $5,556 $16,371 $980 $2,350
2004 $4,939 $15,416 $918 $2,236
2003 $4,465 $14,387 $818 $2,131
2002 $4,184 $13,656 $669 $2,027
2001 $3,944 $13,072 $637 $2,044
2000 $4,084 $13,027 $603 $1,963
1999 $3,528 $11,980 $678 $1,893
1998 $3,294 $11,398 $685 $1,798
1997 $4,679 $12,469 $651 $1,719
1996 $4,837 $11,709 $723 $1,679
1995 $4,363 $10,720 $715 $1,656
1994 $3,758 $9,806 $584 $1,578
1993 $3,462 $9,018 $878 $1,588
1992 $3,141 $8,224 $951 $1,573
1991 $2,679 $7,583 $913 $1,561
1990 $2,469 $6,887 $957 $1,513
1989 $2,244 - $849 -
1988 $2,100 - $880 -
1987 $1,977 - $916 -
1986 $1,760 - $784 -
1985 $2,046 - $571 -
1984 $2,300 - $536 -
1983 $2,124 - $564 -
1982 $1,938 - $652 -
1981 $1,866 - $683 -
1980 $1,886 - $772 -
1979 $1,680 - $716 -
1978 $1,327 - $589 -
1977 $1,092 - $540 -
1976 $940 - $541 -
1975 $811 - $547 -
1974 $848 - $417 -
1973 $701 - $381 -
1972 $472 - $342 -
1971 $407 - $291.1 -
1970 $380 - $290.5 -
1969 $368 - $287.3 -
1968 $342 - $311 -
1967 $335 - $305 -
1966 $339 - $315 -
1965 $326 - $314 -
1964 $303 - $318 -
1963 $291.8 - $309 -
1962 $238.8 - $307 -
1961 $232.9 - $308 -
1960 $240.8 - $300 -

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

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

Malaysia's GDP per capita is $11,874, ranking 79/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Malaysia ranks 60th at $38,779, while Senegal ranks 158th at $5,071.

Economic indicators

Malaysia Senegal
Gross domestic product
$422B
2024
$32.8B
2024
GDP rank
38/197
2024
109/197
2024
GDP growth
5.11%
2023-2024
6.06%
2023-2024
GDP per capita
$11,874
2024
$1,773
2024
GDP per capita rank
79/197
2024
159/197
2024
GDP per capita, PPP
$38,779
2024
$5,071
2024
GDP per capita PPP rank
60/197
2024
158/197
2024
Government debt
$296B
2024
$42.1B
2024
Debt-to-GDP ratio
70.1%
2024
128.4%
2024
Government debt per person
$8,322
2024
$2,277
2024
Government debt per person rank
62/185
2024
115/185
2024
Average annual personal income after taxes
$11,005
2026
$2,194
2026
Market capitalization of domestic companies
$449B
2024
n/a
Number of billionaires
19
2025
n/a
Income share by richest 10%
30.9%
2021
28.8%
2021
Income share by poorest 10%
2.3%
2021
3%
2021
Government expenditure, % of GDP
23.9%
2024
33.5%
2024
Consumer prices inflation
1.83%
2023-2024
0.8%
2023-2024
Central bank interest rate
2.75%
2025
n/a
Unemployment rate
3.93%
2022
5.78%
2024
Population
36512221
19491599

Spending and national debt comparison by year

Malaysia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Malaysia Senegal
Government spending Government debt Government spending Government debt
2024 23.9% 70.1% 33.5% 128.4%
2023 24.9% 69.7% 35.5% 118.4%
2022 24.6% 65.5% 36.2% 105%
2021 24.5% 69.2% 33.6% 98.6%
2020 25% 67.7% 29.6% 90.2%
2019 23.6% 57.1% 34.3% 81.5%
2018 22.8% 55.6% 22.6% 61.5%
2017 22% 54.4% 22.5% 61.1%
2016 22.9% 55.8% 24% 47.5%
2015 24.7% 57% 22.9% 44.5%
2014 26% 55.4% 23.1% 42.4%
2013 27.8% 55.7% 22.1% 36.9%
2012 28.5% 53.8% 23% 34.5%
2011 27.1% 51.9% 23.3% 32.9%
2010 26.6% 51.2% 21.7% 34.6%
2009 30.9% 50.4% 21.1% 29.9%
2008 26.9% 39.4% 20.9% 19.1%
2007 25.9% 39.3% 22.2% 19%
2006 25.6% 39.7% 21.3% 17.5%
2005 24.5% 40.8% 18.7% 36.1%
2004 25.9% 42% 18.1% 38%
2003 28.1% 41.4% 17.1% 42.9%
2002 27.1% 39.5% 15.5% 52%
2001 28.2% 38.1% 15.7% 53.2%
2000 25.6% 32.5% 14% 57.5%
1999 24.6% 34.4% 14.6% 15%
1998 23.1% 33.6% 13.5% 18.8%
1997 21.2% 29.6% 14.1% 67.8%
1996 22.4% 32.8% 15.4% 0.07%
1995 22.6% 38.2% 14.4% 65.3%
1994 23.3% 43.7% 15.9% 77.3%
1993 24.6% 51.1% - -
1992 28.2% 59.1% - -
1991 27.4% 67.3% - -
1990 30.5% 74.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20).

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

In 2024, Malaysia's government spending was $101B, accounting for 23.9% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 70.1% in Malaysia and 128.4% in Senegal, ranking 58/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Malaysia

Senegal
1x
Year Deficit/surplus, % of GDP
Malaysia Senegal
2024 -3.95% -13.4%
2023 -3.97% -14.8%
2022 -4.56% -16.1%
2021 -6.03% -13.7%
2020 -4.9% -9.64%
2019 -2.01% -13.9%
2018 -2.64% -3.66%
2017 -2.41% -2.97%
2016 -2.6% -3.27%
2015 -2.55% -3.66%
2014 -2.63% -3.9%
2013 -3.48% -4.34%
2012 -3.1% -4.18%
2011 -3.57% -4.92%
2010 -4.32% -3.94%
2009 -5.88% -3.66%
2008 -3.4% -3.53%
2007 -2.57% -2.8%
2006 -2.6% -3.67%
2005 -2.83% -0.26%
2004 -3.35% 0.18%
2003 -4.6% -0.52%
2002 -3.96% 0.19%
2001 -4.36% -1.44%
2000 -6.05% 0.78%
1999 -3% -0.62%
1998 -0.63% 0.93%
1997 4.84% 0.98%
1996 3.27% 0.92%
1995 3.1% 2.41%
1994 5.45% 5.9%
1993 3.44% -
1992 1.81% -
1991 1.6% -
1990 0.15% -

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

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

In 2024, Malaysia's government deficit, the difference between spending and revenue, was $16.7B, equivalent to 3.95% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Malaysia recorded a fiscal deficit in 27 of those years, while Senegal ran a deficit in 23 years. On average, Malaysia posted an annual deficit equal to 2.56% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Malaysia

Senegal
1x
Year Consumer prices inflation
Malaysia Senegal
2024 1.83% 0.8%
2023 2.49% 5.94%
2022 3.38% 9.7%
2021 2.48% 2.18%
2020 -1.14% 2.54%
2019 0.66% 1.76%
2018 0.88% 0.46%
2017 3.87% 1.32%
2016 2.09% 0.84%
2015 2.1% 0.14%
2014 3.14% -1.09%
2013 2.11% 0.71%
2012 1.66% 1.42%
2011 3.17% 3.4%
2010 1.62% 1.23%
2009 0.58% -2.25%
2008 5.44% 7.35%
2007 2.03% 5.85%
2006 3.61% 2.11%
2005 2.98% 1.71%
2004 1.42% 0.51%
2003 1.09% -0.05%
2002 1.81% 2.34%
2001 1.42% 2.97%
2000 1.53% 0.73%
1999 2.74% 0.83%
1998 5.27% 1.16%
1997 2.66% 1.75%

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

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

Over the past 28 years, Malaysia has recorded an average annual inflation rate of 2.25%, compared with 2.01% in Senegal. In 2024, inflation was 1.83% in Malaysia and 0.8% in Senegal.

Top exports between countries

Malaysia
Export category Export value
Processed food, beverages & tobacco $233M
Machinery & equipment $24.4M
Metals $21.2M
Textiles & consumer goods $5.79M
Raw materials & minerals $4.08M
Animal & marine products $3.58M
Wood & paper products $3.09M
Chemicals & pharma $2.01M
Raw agricultural goods $93K
Precious metals & jewellery $36K
Senegal
Export category Export value
Machinery & equipment $3.56M
Raw materials & minerals $1.79M
Metals $804K
Processed food, beverages & tobacco $365K
Chemicals & pharma $144K
Raw agricultural goods $122K
Precious metals & jewellery $63K
Miscellaneous $32K
Animal & marine products $25K
Textiles & consumer goods $9K

Balance of trade

Malaysia Senegal
Current account balance
$7.15B
2024
-$6.07B
2023
Current account balance ranking
26/190
2024
170/190
2023
Current account balance, % of GDP
+1.69%
2024
-19.8%
2023
Goods imports
$223B
2024
$10.8B
2023
Goods exports
$248B
2024
$5.52B
2023
Service imports
$56.4B
2024
$4.08B
2023
Service exports
$53.4B
2024
$1.48B
2023
Imports of goods and services, % of GDP
66%
2024
43.4%
2024
Exports of goods and services, % of GDP
71.3%
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.

Malaysia Senegal
Economic freedom 68 53.2
Economic freedom ranking 51/197 140/197
Property rights 62.7 57.4
Government integrity 52.9 47.3
Judicial effectiveness 63.4 50.5
Tax burden 83.5 68.8
Government spending 82 63.1
Fiscal health 62.5 0
Business freedom 79.6 55.2
Labor freedom 55.4 54.4
Monetary freedom 80.8 74.3
Trade freedom 83 67
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Malaysia
Senegal
1x
Year Economic freedom index
Malaysia Senegal
2026 68 53.2
2025 67.1 56.4
2024 65.7 55.4
2023 67.3 57.7
2022 68.1 60
2021 74.4 58
2020 74.7 58
2019 74 56.3
2018 74.5 55.7
2017 73.8 55.9
2016 71.5 58.1
2015 70.8 57.8
2014 69.6 55.4
2013 66.1 55.5
2012 66.4 55.4
2011 66.3 55.7
2010 64.8 54.6
2009 64.6 56.3
2008 63.9 58.3
2007 63.8 58.1
2006 61.6 56.2
2005 61.9 57.9
2004 59.9 58.9
2003 61.1 58.1
2002 60.1 58.6
2001 60.2 58.7
2000 66 58.9
1999 68.9 60.6
1998 68.2 59.7
1997 66.8 58.1
1996 69.9 58.2
1995 71.9 -

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

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

The Economic Freedom Index for Malaysia is 68, ranking 51/197, 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

Malaysia Senegal
Services, % of GDP
53.7%
2024
48.4%
2024
Industry, % of GDP
37%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
8.13%
2024
16.6%
2024
GNI, Atlas method
$414B
2024
$31.1B
2024
GNI per capita, PPP
$37,450
2024
$4,920
2024
Total reserves including gold
$116B
2024
n/a
Total reserves ranking
24/177
2024
n/a
Net foreign direct investment
-$2.55B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$15.6B
2024
$2.02B
2024
Net outflows of foreign direct investment
$13B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
5.8%
2023
37.5%
2021
Gross capital formation, % of GDP
22%
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/malaysia/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 (1995–2026, 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.