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Economy of Malta vs Senegal compared: GDP & Debt

Updated on by Georank team

Malta has a GDP of $25B compared to $32.8B for Senegal, ranking 119/197 and 109/197 by economy size, respectively.

Malta has $11.5B in government debt (46.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Malta vs Senegal GDP by year

Malta
Senegal
1x
Year GDP, current $
Malta Senegal
2024 $24,971,574,502 $32,808,056,601
2023 $22,610,561,526 $30,696,331,296
2022 $18,928,276,162 $27,783,332,223
2021 $19,739,875,611 $27,520,784,130
2020 $16,404,663,226 $24,530,513,038
2019 $16,337,793,531 $23,403,995,992
2018 $16,153,779,511 $23,116,701,556
2017 $14,161,366,724 $20,996,562,944
2016 $12,025,782,834 $19,040,312,333
2015 $11,340,795,042 $17,774,766,696
2014 $11,888,032,874 $19,797,253,440
2013 $10,796,782,636 $18,918,667,725
2012 $9,609,532,089 $17,660,870,412
2011 $9,789,361,703 $17,814,283,639
2010 $9,097,044,159 $16,121,315,909
2009 $8,734,745,698 $16,145,867,495
2008 $9,135,419,465 $16,853,989,628
2007 $7,908,412,306 $13,994,218,413
2006 $6,749,838,806 $11,697,918,243
2005 $6,393,234,993 $11,009,033,438
2004 $6,104,141,520 $10,076,816,667
2003 $5,418,315,224 $8,768,721,563
2002 $4,455,127,414 $7,006,402,320
2001 $4,070,867,133 $6,507,824,829
2000 $4,036,809,815 $6,013,185,004
1999 $4,111,857,809 $6,592,834,933
1998 $4,010,111,688 $6,505,607,909
1997 $3,787,023,707 $6,041,478,726
1996 $3,822,547,197 $6,559,712,166
1995 $3,709,396,045 $6,326,342,633
1994 $2,998,505,428 $5,034,588,196
1993 $2,709,193,538 $7,367,986,241
1992 $3,021,942,759 $7,769,817,840
1991 $2,750,216,747 $7,255,210,470
1990 $2,547,328,748 $7,390,967,360
1989 $2,118,655,677 $6,366,039,373
1988 $2,019,503,068 $6,418,419,389
1987 $1,751,293,461 $6,487,353,103
1986 $1,435,038,441 $5,392,093,446
1985 $1,117,797,439 $3,818,944,918
1984 $1,101,807,023 $3,485,165,432
1983 $1,165,729,707 $3,569,356,125
1982 $1,234,474,404 $4,013,951,443
1981 $1,243,509,394 $4,095,892,781
1980 $1,250,198,601 $4,510,108,291
1979 $1,001,288,847 $4,084,877,823
1978 $793,673,402 $3,280,354,921
1977 $625,563,171 $2,938,046,463
1976 $527,936,989 $2,869,777,884
1975 $474,618,321 $2,830,388,405
1974 $376,081,124 $2,099,325,229
1973 $345,616,106 $1,863,398,590
1972 $295,106,628 $1,620,857,104
1971 $264,578,485 $1,339,549,033
1970 $250,728,796 $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/malta/senegal | CC BY

GDP per capita in Malta vs Senegal by year

Malta
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $43,899 $69,864 $1,773 $5,071
2023 $40,906 $67,057 $1,698 $4,778
2022 $35,639 $60,589 $1,574 $4,530
2021 $38,097 $56,852 $1,598 $4,174
2020 $31,823 $49,972 $1,461 $3,753
2019 $32,422 $51,393 $1,431 $3,648
2018 $33,382 $48,178 $1,453 $3,380
2017 $30,317 $45,764 $1,357 $3,234
2016 $26,459 $41,000 $1,266 $3,101
2015 $25,530 $38,369 $1,218 $2,994
2014 $27,425 $35,206 $1,399 $2,854
2013 $25,416 $33,138 $1,380 $2,769
2012 $22,878 $30,716 $1,327 $2,764
2011 $23,517 $29,426 $1,375 $2,685
2010 $21,947 $28,909 $1,276 $2,663
2009 $21,176 $26,782 $1,309 $2,606
2008 $22,315 $26,654 $1,399 $2,581
2007 $19,444 $25,012 $1,189 $2,499
2006 $16,654 $23,219 $1,017 $2,422
2005 $15,831 $22,227 $980 $2,350
2004 $15,212 $21,566 $918 $2,236
2003 $13,594 $20,813 $818 $2,131
2002 $11,251 $19,532 $669 $2,027
2001 $10,358 $18,435 $637 $2,044
2000 $10,348 $18,214 $603 $1,963
1999 $10,609 $16,898 $678 $1,893
1998 $10,408 $16,219 $685 $1,798
1997 $9,893 $15,465 $651 $1,719
1996 $10,062 $14,661 $723 $1,679
1995 $9,828 $13,950 $715 $1,656
1994 $8,000 $12,938 $584 $1,578
1993 $7,296 $12,103 $878 $1,588
1992 $8,220 $11,429 $951 $1,573
1991 $7,559 $10,784 $913 $1,561
1990 $7,192 $10,086 $957 $1,513
1989 $6,041 - $849 -
1988 $5,814 - $880 -
1987 $5,084 - $916 -
1986 $4,195 - $784 -
1985 $3,322 - $571 -
1984 $3,333 - $536 -
1983 $3,527 - $564 -
1982 $3,788 - $652 -
1981 $3,898 - $683 -
1980 $3,948 - $772 -
1979 $3,196 - $716 -
1978 $2,559 - $589 -
1977 $2,038 - $540 -
1976 $1,727 - $541 -
1975 $1,560 - $547 -
1974 $1,245 - $417 -
1973 $1,144 - $381 -
1972 $976 - $342 -
1971 $874 - $291.1 -
1970 $828 - $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/malta/senegal | CC BY

Malta's GDP per capita is $43,899, ranking 28/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Senegal ranks 158th at $5,071.

Economic indicators

Malta Senegal
Gross domestic product
$25B
2024
$32.8B
2024
GDP rank
119/197
2024
109/197
2024
GDP growth
6.8%
2023-2024
6.06%
2023-2024
GDP per capita
$43,899
2024
$1,773
2024
GDP per capita rank
28/197
2024
159/197
2024
GDP per capita, PPP
$69,864
2024
$5,071
2024
GDP per capita PPP rank
25/197
2024
158/197
2024
Government debt
$11.5B
2024
$42.1B
2024
Debt-to-GDP ratio
46.2%
2024
128.4%
2024
Government debt per person
$20,269
2024
$2,277
2024
Government debt per person rank
31/185
2024
115/185
2024
Average annual personal income after taxes
$23,692
2026
$2,194
2026
Market capitalization of domestic companies
$4.29B
2024
n/a
Income share by richest 10%
27.7%
2022
28.8%
2021
Income share by poorest 10%
2.7%
2022
3%
2021
Government expenditure, % of GDP
37.3%
2024
33.5%
2024
Consumer prices inflation
1.65%
2023-2024
0.8%
2023-2024
Unemployment rate
3.12%
2024
5.78%
2024
Population
581729
19491599

Spending and national debt comparison by year

Malta
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Malta Senegal
Government spending Government debt Government spending Government debt
2024 37.3% 46.2% 33.5% 128.4%
2023 36.1% 46.8% 35.5% 118.4%
2022 38.3% 50.1% 36.2% 105%
2021 39.4% 49.6% 33.6% 98.6%
2020 42.1% 48.6% 29.6% 90.2%
2019 34.9% 39.2% 34.3% 81.5%
2018 34.5% 41.4% 22.6% 61.5%
2017 32.7% 45.6% 22.5% 61.1%
2016 35.5% 53.1% 24% 47.5%
2015 37.8% 55% 22.9% 44.5%
2014 39.6% 60.7% 23.1% 42.4%
2013 40.1% 64.9% 22.1% 36.9%
2012 41.7% 65.6% 23% 34.5%
2011 41.5% 68.9% 23.3% 32.9%
2010 40.1% 65% 21.7% 34.6%
2009 41.1% 66% 21.1% 29.9%
2008 42.1% 61.5% 20.9% 19.1%
2007 41.2% 62% 22.2% 19%
2006 42.5% 64.5% 21.3% 17.5%
2005 42.5% 70.2% 18.7% 36.1%
2004 42% 70.4% 18.1% 38%
2003 45.6% 68.6% 17.1% 42.9%
2002 43.6% 65.1% 15.5% 52%
2001 44.4% 70% 15.7% 53.2%
2000 42.9% 64.4% 14% 57.5%
1999 - 69.8% 14.6% 15%
1998 - 66.4% 13.5% 18.8%
1997 - 60.8% 14.1% 67.8%
1996 - 51.5% 15.4% 0.07%
1995 - 45.3% 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/malta/senegal | CC BY

In 2024, Malta's government spending was $9.32B, accounting for 37.3% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 46.2% in Malta and 128.4% in Senegal, ranking 118/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Senegal
1x
Year Deficit/surplus, % of GDP
Malta Senegal
2024 -3.58% -13.4%
2023 -4.65% -14.8%
2022 -5.31% -16.1%
2021 -6.95% -13.7%
2020 -8.72% -9.64%
2019 0.72% -13.9%
2018 1.86% -3.66%
2017 3.4% -2.97%
2016 1.1% -3.27%
2015 -0.84% -3.66%
2014 -1.49% -3.9%
2013 -2.19% -4.34%
2012 -3.31% -4.18%
2011 -2.99% -4.92%
2010 -2.22% -3.94%
2009 -3.11% -3.66%
2008 -4.06% -3.53%
2007 -2.05% -2.8%
2006 -2.46% -3.67%
2005 -2.83% -0.26%
2004 -4.28% 0.18%
2003 -9.04% -0.52%
2002 -5.62% 0.19%
2001 -6.5% -1.44%
2000 -5.83% 0.78%
1999 - -0.62%
1998 - 0.93%
1997 - 0.98%
1996 - 0.92%
1995 - 2.41%
1994 - 5.9%

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

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

In 2024, Malta's government deficit, the difference between spending and revenue, was $893M, equivalent to 3.58% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 25 years, Malta recorded a fiscal deficit in 21 of those years, while Senegal ran a deficit in 22 years. On average, Malta posted an annual deficit equal to 3.24% of GDP, compared to deficit of 5.24% of GDP for Senegal.

Inflation comparison by year

Inflation
Malta

Senegal
1x
Year Consumer prices inflation
Malta Senegal
2024 1.65% 0.8%
2023 5.09% 5.94%
2022 6.15% 9.7%
2021 1.5% 2.18%
2020 0.64% 2.54%
2019 1.64% 1.76%
2018 1.16% 0.46%
2017 1.36% 1.32%
2016 0.64% 0.84%
2015 1.1% 0.14%
2014 0.31% -1.09%
2013 1.18% 0.71%
2012 2.38% 1.42%
2011 2.96% 3.4%
2010 1.52% 1.23%
2009 2.08% -2.25%
2008 4.26% 7.35%
2007 1.25% 5.85%
2006 2.77% 2.11%
2005 3.01% 1.71%
2004 2.79% 0.51%
2003 1.3% -0.05%
2002 2.19% 2.34%
2001 2.93% 2.97%
2000 2.37% 0.73%
1999 2.13% 0.83%
1998 2.39% 1.16%
1997 3.11% 1.75%

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

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

Over the past 28 years, Malta has recorded an average annual inflation rate of 2.21%, compared with 2.01% in Senegal. In 2024, inflation was 1.65% in Malta and 0.8% in Senegal.

Top exports between countries

Malta
Export category Export value
Processed food, beverages & tobacco $7.4M
Raw materials & minerals $414K
Chemicals & pharma $144K
Machinery & equipment $126K
Raw agricultural goods $94K
Textiles & consumer goods $18K
Metals $1K
Senegal
Export category Export value
Machinery & equipment $1.32M
Processed food, beverages & tobacco $155K
Chemicals & pharma $95K
Animal & marine products $71K
Metals $66K
Wood & paper products $36K
Raw materials & minerals $28K
Textiles & consumer goods $19K

Balance of trade

Malta Senegal
Current account balance
$1.78B
2024
-$6.07B
2023
Current account balance ranking
47/190
2024
170/190
2023
Current account balance, % of GDP
+7.12%
2024
-19.8%
2023
Goods imports
$7.56B
2024
$10.8B
2023
Goods exports
$4.58B
2024
$5.52B
2023
Service imports
$17.4B
2024
$4.08B
2023
Service exports
$25B
2024
$1.48B
2023
Imports of goods and services, % of GDP
99.7%
2024
43.4%
2024
Exports of goods and services, % of GDP
118.5%
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.

Malta Senegal
Economic freedom 68.2 53.2
Economic freedom ranking 49/197 140/197
Property rights 85.5 57.4
Government integrity 54.3 47.3
Judicial effectiveness 80.2 50.5
Tax burden 68.5 68.8
Government spending 58.4 63.1
Fiscal health 63.2 0
Business freedom 83.2 55.2
Labor freedom 62.6 54.4
Monetary freedom 73.1 74.3
Trade freedom 79.4 67
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Malta
Senegal
1x
Year Economic freedom index
Malta Senegal
2026 68.2 53.2
2025 66.8 56.4
2024 64.5 55.4
2023 67.5 57.7
2022 71.5 60
2021 70.2 58
2020 69.5 58
2019 68.6 56.3
2018 68.5 55.7
2017 67.7 55.9
2016 66.7 58.1
2015 66.5 57.8
2014 66.4 55.4
2013 67.5 55.5
2012 67 55.4
2011 65.7 55.7
2010 67.2 54.6
2009 66.1 56.3
2008 66 58.3
2007 66.1 58.1
2006 67.3 56.2
2005 68.9 57.9
2004 63.3 58.9
2003 61.1 58.1
2002 62.2 58.6
2001 62.9 58.7
2000 58.3 58.9
1999 59.3 60.6
1998 61.2 59.7
1997 57.9 58.1
1996 55.8 58.2
1995 56.3 -

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, 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

Malta Senegal
Services, % of GDP
81.8%
2024
48.4%
2024
Industry, % of GDP
10.7%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2024
16.6%
2024
GNI, Atlas method
$20.9B
2024
$31.1B
2024
GNI per capita, PPP
$61,340
2024
$4,920
2024
Total reserves including gold
$1.42B
2024
n/a
Total reserves ranking
137/177
2024
n/a
Net foreign direct investment
-$6.13B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$42.6B
2024
$2.02B
2024
Net outflows of foreign direct investment
$36.5B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines
16.7%
2021
37.5%
2021
Gross capital formation, % of GDP
19%
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/malta/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 (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, 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.