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Economy of Nepal vs Senegal compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $32.8B for Senegal, ranking 101/197 and 109/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Nepal vs Senegal GDP by year

Nepal
Senegal
1x
Year GDP, current $
Nepal Senegal
2024 $42,914,268,287 $32,808,056,601
2023 $41,047,772,331 $30,696,331,296
2022 $41,182,939,601 $27,783,332,223
2021 $36,924,841,394 $27,520,784,130
2020 $33,433,659,301 $24,530,513,038
2019 $34,186,180,699 $23,403,995,992
2018 $33,111,525,237 $23,116,701,556
2017 $28,971,588,940 $20,996,562,944
2016 $24,524,109,484 $19,040,312,333
2015 $24,360,801,287 $17,774,766,696
2014 $22,731,612,922 $19,797,253,440
2013 $22,162,204,925 $18,918,667,725
2012 $21,703,100,877 $17,660,870,412
2011 $21,573,872,421 $17,814,283,639
2010 $16,002,656,434 $16,121,315,909
2009 $12,854,985,464 $16,145,867,495
2008 $12,545,438,605 $16,853,989,628
2007 $10,325,618,017 $13,994,218,413
2006 $9,043,715,356 $11,697,918,243
2005 $8,130,258,378 $11,009,033,438
2004 $7,273,938,315 $10,076,816,667
2003 $6,330,473,097 $8,768,721,563
2002 $6,050,875,807 $7,006,402,320
2001 $6,007,055,042 $6,507,824,829
2000 $5,494,252,208 $6,013,185,004
1999 $5,033,642,384 $6,592,834,933
1998 $4,856,255,044 $6,505,607,909
1997 $4,918,691,917 $6,041,478,726
1996 $4,521,580,381 $6,559,712,166
1995 $4,401,104,418 $6,326,342,633
1994 $4,066,775,510 $5,034,588,196
1993 $3,660,041,667 $7,367,986,241
1992 $3,401,211,581 $7,769,817,840
1991 $3,921,476,085 $7,255,210,470
1990 $3,627,560,239 $7,390,967,360
1989 $3,525,225,787 $6,366,039,373
1988 $3,487,009,748 $6,418,419,389
1987 $2,957,255,380 $6,487,353,103
1986 $2,850,782,044 $5,392,093,446
1985 $2,619,913,956 $3,818,944,918
1984 $2,581,207,388 $3,485,165,432
1983 $2,447,174,803 $3,569,356,125
1982 $2,395,423,742 $4,013,951,443
1981 $2,275,583,317 $4,095,892,781
1980 $1,945,916,583 $4,510,108,291
1979 $1,851,250,008 $4,084,877,823
1978 $1,604,162,497 $3,280,354,921
1977 $1,382,400,000 $2,938,046,463
1976 $1,452,788,985 $2,869,777,884
1975 $1,575,789,254 $2,830,388,405
1974 $1,217,953,547 $2,099,325,229
1973 $972,101,725 $1,863,398,590
1972 $1,024,098,400 $1,620,857,104
1971 $882,765,472 $1,339,549,033
1970 $865,975,309 $1,297,407,655
1969 $788,641,965 $1,245,234,931
1968 $772,231,387 $1,309,384,862
1967 $841,974,025 $1,246,480,766
1966 $906,811,944 $1,246,908,186
1965 $735,267,082 $1,210,058,228
1964 $496,098,775 $1,188,930,645
1963 $496,947,904 $1,122,139,862
1962 $574,091,101 $1,085,475,791
1961 $531,959,562 $1,058,975,257
1960 $508,334,414 $1,003,692,370

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

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

GDP per capita in Nepal vs Senegal by year

Nepal
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 $1,773 $5,071
2023 $1,382 $5,395 $1,698 $4,778
2022 $1,386 $5,103 $1,574 $4,530
2021 $1,253 $4,546 $1,598 $4,174
2020 $1,154 $4,236 $1,461 $3,753
2019 $1,203 $4,261 $1,431 $3,648
2018 $1,179 $3,956 $1,453 $3,380
2017 $1,034 $3,605 $1,357 $3,234
2016 $877 $2,976 $1,266 $3,101
2015 $876 $2,957 $1,218 $2,994
2014 $821 $2,901 $1,399 $2,854
2013 $803 $2,658 $1,380 $2,769
2012 $788 $2,466 $1,327 $2,764
2011 $786 $2,248 $1,375 $2,685
2010 $585 $2,139 $1,276 $2,663
2009 $473 $2,029 $1,309 $2,606
2008 $465 $1,942 $1,399 $2,581
2007 $385 $1,809 $1,189 $2,499
2006 $340 $1,718 $1,017 $2,422
2005 $309 $1,628 $980 $2,350
2004 $279.6 $1,542 $918 $2,236
2003 $246.4 $1,453 $818 $2,131
2002 $238.9 $1,390 $669 $2,027
2001 $240.8 $1,388 $637 $2,044
2000 $223.8 $1,317 $603 $1,963
1999 $208.6 $1,234 $678 $1,893
1998 $205.1 $1,187 $685 $1,798
1997 $211.8 $1,162 $651 $1,719
1996 $198.8 $1,110 $723 $1,679
1995 $197.8 $1,058 $715 $1,656
1994 $187.3 $1,026 $584 $1,578
1993 $172.8 $952 $878 $1,588
1992 $165 $920 $951 $1,573
1991 $195.7 $889 $913 $1,561
1990 $185.8 $830 $957 $1,513
1989 $185 - $849 -
1988 $187.1 - $880 -
1987 $162 - $916 -
1986 $159.5 - $784 -
1985 $149.9 - $571 -
1984 $151.1 - $536 -
1983 $146.6 - $564 -
1982 $147 - $652 -
1981 $142.9 - $683 -
1980 $125.1 - $772 -
1979 $121.9 - $716 -
1978 $108.1 - $589 -
1977 $95.3 - $540 -
1976 $102.5 - $541 -
1975 $113.6 - $547 -
1974 $89.8 - $417 -
1973 $73.2 - $381 -
1972 $78.8 - $342 -
1971 $69.5 - $291.1 -
1970 $69.6 - $290.5 -
1969 $64.8 - $287.3 -
1968 $64.9 - $311 -
1967 $72.3 - $305 -
1966 $79.5 - $315 -
1965 $65.8 - $314 -
1964 $45.3 - $318 -
1963 $46.3 - $309 -
1962 $54.6 - $307 -
1961 $51.6 - $308 -
1960 $50.2 - $300 -

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

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

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Senegal ranks 158th at $5,071.

Economic indicators

Nepal Senegal
Gross domestic product
$42.9B
2024
$32.8B
2024
GDP rank
101/197
2024
109/197
2024
GDP growth
3.67%
2023-2024
6.06%
2023-2024
GDP per capita
$1,447
2024
$1,773
2024
GDP per capita rank
164/197
2024
159/197
2024
GDP per capita, PPP
$5,737
2024
$5,071
2024
GDP per capita PPP rank
155/197
2024
158/197
2024
Government debt
$20.7B
2024
$42.1B
2024
Debt-to-GDP ratio
48.3%
2024
128.4%
2024
Government debt per person
$700
2024
$2,277
2024
Government debt per person rank
154/185
2024
115/185
2024
Average annual personal income after taxes
$2,170
2026
$2,194
2026
Number of billionaires
2
2025
n/a
Income share by richest 10%
24.2%
2022
28.8%
2021
Income share by poorest 10%
3.7%
2022
3%
2021
Government expenditure, % of GDP
22.1%
2024
33.5%
2024
Consumer prices inflation
4.69%
2023-2024
0.8%
2023-2024
Unemployment rate
10.7%
2017
5.78%
2024
Population
29596762
19491599

Spending and national debt comparison by year

Nepal
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Nepal Senegal
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 33.5% 128.4%
2023 25.1% 47% 35.5% 118.4%
2022 26.1% 42.7% 36.2% 105%
2021 27.2% 43.3% 33.6% 98.6%
2020 28.5% 43.3% 29.6% 90.2%
2019 27.1% 34% 34.3% 81.5%
2018 28% 31.1% 22.6% 61.5%
2017 23.6% 25% 22.5% 61.1%
2016 19% 25% 24% 47.5%
2015 17.7% 25.7% 22.9% 44.5%
2014 16.6% 27.6% 23.1% 42.4%
2013 15.5% 31.9% 22.1% 36.9%
2012 16.8% 34.5% 23% 34.5%
2011 16.3% 32.4% 23.3% 32.9%
2010 16.5% 35.4% 21.7% 34.6%
2009 17% 39.5% 21.1% 29.9%
2008 13.4% 36.8% 20.9% 19.1%
2007 13.1% 37.9% 22.2% 19%
2006 11.2% 42.9% 21.3% 17.5%
2005 12% 45.1% 18.7% 36.1%
2004 11.8% 51.3% 18.1% 38%
2003 12% 53% 17.1% 42.9%
2002 13% 51.8% 15.5% 52%
2001 12.9% 50.8% 15.7% 53.2%
2000 11.4% 50.8% 14% 57.5%
1999 - - 14.6% 15%
1998 - - 13.5% 18.8%
1997 - - 14.1% 67.8%
1996 - - 15.4% 0.07%
1995 - - 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/nepal/senegal | CC BY

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 128.4% in Senegal, ranking 112/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Senegal
1x
Year Deficit/surplus, % of GDP
Nepal Senegal
2024 -2.76% -13.4%
2023 -5.81% -14.8%
2022 -3.12% -16.1%
2021 -3.98% -13.7%
2020 -7.47% -9.64%
2019 -4.27% -13.9%
2018 -5.83% -3.66%
2017 -2.69% -2.97%
2016 1.2% -3.27%
2015 0.46% -3.66%
2014 1.36% -3.9%
2013 1.57% -4.34%
2012 -1.18% -4.18%
2011 -0.72% -4.92%
2010 -0.67% -3.94%
2009 -2.24% -3.66%
2008 -0.29% -3.53%
2007 -0.67% -2.8%
2006 0.24% -3.67%
2005 0.24% -0.26%
2004 -0.14% 0.18%
2003 -0.34% -0.52%
2002 -2.46% 0.19%
2001 -2.35% -1.44%
2000 -1.48% 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/nepal/senegal | CC BY

In 2024, Nepal's government deficit, the difference between spending and revenue, was $1.19B, equivalent to 2.76% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 25 years, Nepal recorded a fiscal deficit in 19 of those years, while Senegal ran a deficit in 22 years. On average, Nepal posted an annual deficit equal to 1.74% of GDP, compared to deficit of 5.24% of GDP for Senegal.

Inflation comparison by year

Inflation
Nepal

Senegal
1x
Year Consumer prices inflation
Nepal Senegal
2024 4.69% 0.8%
2023 7.12% 5.94%
2022 7.67% 9.7%
2021 4.13% 2.18%
2020 5.06% 2.54%
2019 5.57% 1.76%
2018 4.41% 0.46%
2017 2.78% 1.32%
2016 8.79% 0.84%
2015 7.87% 0.14%
2014 8.36% -1.09%
2013 9.04% 0.71%
2012 9.46% 1.42%
2011 9.23% 3.4%
2010 9.33% 1.23%
2009 11.1% -2.25%
2008 9.91% 7.35%
2007 2.27% 5.85%
2006 6.92% 2.11%
2005 6.84% 1.71%
2004 2.84% 0.51%
2003 5.71% -0.05%
2002 3.03% 2.34%
2001 2.69% 2.97%
2000 2.48% 0.73%
1999 7.45% 0.83%
1998 11.2% 1.16%
1997 4.01% 1.75%

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

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

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 2.01% in Senegal. In 2024, inflation was 4.69% in Nepal and 0.8% in Senegal.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $4K
Senegal
Export category Export value
Textiles & consumer goods $11K
Chemicals & pharma $2K
Wood & paper products $1K

Balance of trade

Nepal Senegal
Current account balance
$1.68B
2024
-$6.07B
2023
Current account balance ranking
50/190
2024
170/190
2023
Current account balance, % of GDP
+3.91%
2024
-19.8%
2023
Goods imports
$12.1B
2024
$10.8B
2023
Goods exports
$1.54B
2024
$5.52B
2023
Service imports
$2.27B
2024
$4.08B
2023
Service exports
$1.9B
2024
$1.48B
2023
Imports of goods and services, % of GDP
32.9%
2024
43.4%
2024
Exports of goods and services, % of GDP
7.62%
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.

Nepal Senegal
Economic freedom 52.9 53.2
Economic freedom ranking 144/197 140/197
Property rights 38.8 57.4
Government integrity 38.9 47.3
Judicial effectiveness 42.9 50.5
Tax burden 84.3 68.8
Government spending 82.1 63.1
Fiscal health 71 0
Business freedom 60.8 55.2
Labor freedom 48.2 54.4
Monetary freedom 69.4 74.3
Trade freedom 58.6 67
Investment freedom 10 60
Financial freedom 30 40

Economic freedom comparison by year

Nepal
Senegal
1x
Year Economic freedom index
Nepal Senegal
2026 52.9 53.2
2025 52.5 56.4
2024 52.1 55.4
2023 51.4 57.7
2022 49.7 60
2021 50.7 58
2020 54.2 58
2019 53.8 56.3
2018 54.1 55.7
2017 55.1 55.9
2016 50.9 58.1
2015 51.3 57.8
2014 50.1 55.4
2013 50.4 55.5
2012 50.2 55.4
2011 50.1 55.7
2010 52.7 54.6
2009 53.2 56.3
2008 54.1 58.3
2007 54.4 58.1
2006 53.7 56.2
2005 51.4 57.9
2004 51.2 58.9
2003 51.5 58.1
2002 52.3 58.6
2001 51.6 58.7
2000 51.3 58.9
1999 53.1 60.6
1998 53.5 59.7
1997 53.6 58.1
1996 50.3 58.2

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

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

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, 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

Nepal Senegal
Services, % of GDP
55.2%
2024
48.4%
2024
Industry, % of GDP
11.4%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
16.6%
2024
GNI, Atlas method
$43.7B
2024
$31.1B
2024
GNI per capita, PPP
$5,830
2024
$4,920
2024
Total reserves including gold
$12.5B
2023
n/a
Total reserves ranking
74/177
2023
n/a
Net foreign direct investment
-$56.9M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$56.9M
2024
$2.02B
2024
Net outflows of foreign direct investment
$0
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
10.8%
2024
Poverty at national poverty lines
20.3%
2022
37.5%
2021
Gross capital formation, % of GDP
30.4%
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/nepal/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 (2022, 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.