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Economy of Qatar vs Senegal compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $32.8B for Senegal, ranking 56/197 and 109/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Qatar vs Senegal GDP by year

Qatar
Senegal
1x
Year GDP, current $
Qatar Senegal
2024 $219,162,637,363 $32,808,056,601
2023 $217,308,516,484 $30,696,331,296
2022 $235,709,340,659 $27,783,332,223
2021 $179,732,142,857 $27,520,784,130
2020 $144,411,538,462 $24,530,513,038
2019 $176,371,428,571 $23,403,995,992
2018 $183,335,164,835 $23,116,701,556
2017 $161,099,175,824 $20,996,562,944
2016 $151,732,142,857 $19,040,312,333
2015 $161,739,835,165 $17,774,766,696
2014 $206,224,725,275 $19,797,253,440
2013 $198,727,747,253 $18,918,667,725
2012 $186,833,516,484 $17,660,870,412
2011 $167,775,274,725 $17,814,283,639
2010 $123,627,197,802 $16,121,315,909
2009 $97,798,351,648 $16,145,867,495
2008 $115,270,054,945 $16,853,989,628
2007 $79,712,087,912 $13,994,218,413
2006 $60,882,142,857 $11,697,918,243
2005 $44,530,494,505 $11,009,033,438
2004 $31,734,065,934 $10,076,816,667
2003 $23,533,791,209 $8,768,721,563
2002 $19,363,736,264 $7,006,402,320
2001 $17,538,461,538 $6,507,824,829
2000 $17,759,890,110 $6,013,185,004
1999 $12,393,131,868 $6,592,834,933
1998 $10,255,495,027 $6,505,607,909
1997 $11,297,802,115 $6,041,478,726
1996 $9,059,340,385 $6,559,712,166
1995 $8,137,911,978 $6,326,342,633
1994 $7,374,450,769 $5,034,588,196
1993 $7,156,593,654 $7,367,986,241
1992 $7,646,153,984 $7,769,817,840
1991 $6,883,516,484 $7,255,210,470
1990 $7,360,439,423 $7,390,967,360
1989 $6,487,912,088 $6,366,039,373
1988 $6,038,187,033 $6,418,419,389
1987 $5,446,428,681 $6,487,353,103
1986 $5,053,021,951 $5,392,093,446
1985 $6,153,296,456 $3,818,944,918
1984 $6,704,395,824 $3,485,165,432
1983 $6,467,582,308 $3,569,356,125
1982 $7,596,703,214 $4,013,951,443
1981 $8,661,263,764 $4,095,892,781
1980 $7,829,165,262 $4,510,108,291
1979 $5,632,962,997 $4,084,877,823
1978 $4,052,000,413 $3,280,354,921
1977 $3,617,564,638 $2,938,046,463
1976 $3,284,273,987 $2,869,777,884
1975 $2,512,773,166 $2,830,388,405
1974 $2,401,403,227 $2,099,325,229
1973 $793,885,560 $1,863,398,590
1972 $510,262,500 $1,620,857,104
1971 $387,703,106 $1,339,549,033
1970 $301,791,302 $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/qatar/senegal | CC BY

GDP per capita in Qatar vs Senegal by year

Qatar
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $1,773 $5,071
2023 $81,817 $129,368 $1,698 $4,778
2022 $88,701 $122,921 $1,574 $4,530
2021 $71,752 $116,833 $1,598 $4,174
2020 $51,684 $82,149 $1,461 $3,753
2019 $66,841 $107,503 $1,431 $3,648
2018 $71,040 $110,033 $1,453 $3,380
2017 $63,280 $99,358 $1,357 $3,234
2016 $61,254 $89,935 $1,266 $3,101
2015 $68,985 $102,546 $1,218 $2,994
2014 $95,841 $148,389 $1,399 $2,854
2013 $103,697 $169,203 $1,380 $2,769
2012 $108,470 $180,939 $1,327 $2,764
2011 $103,262 $174,620 $1,375 $2,685
2010 $76,463 $151,646 $1,276 $2,663
2009 $60,786 $125,898 $1,309 $2,606
2008 $80,781 $126,015 $1,399 $2,581
2007 $65,954 $124,056 $1,189 $2,499
2006 $62,582 $127,181 $1,017 $2,422
2005 $53,950 $115,250 $980 $2,350
2004 $41,036 $110,958 $918 $2,236
2003 $31,602 $94,120 $818 $2,131
2002 $27,227 $93,177 $669 $2,027
2001 $25,871 $89,805 $637 $2,044
2000 $27,535 $88,849 $603 $1,963
1999 $20,234 $84,690 $678 $1,893
1998 $17,665 $84,486 $685 $1,798
1997 $20,523 $79,219 $651 $1,719
1996 $17,125 $62,331 $723 $1,679
1995 $15,823 $60,321 $715 $1,656
1994 $14,765 $59,415 $584 $1,578
1993 $14,770 $59,125 $878 $1,588
1992 $16,280 $60,387 $951 $1,573
1991 $15,133 $54,759 $913 $1,561
1990 $16,722 $55,659 $957 $1,513
1989 $15,243 - $849 -
1988 $14,682 - $880 -
1987 $13,719 - $916 -
1986 $13,213 - $784 -
1985 $16,815 - $571 -
1984 $19,272 - $536 -
1983 $19,616 - $564 -
1982 $24,385 - $652 -
1981 $29,505 - $683 -
1980 $28,375 - $772 -
1979 $21,777 - $716 -
1978 $16,757 - $589 -
1977 $16,058 - $540 -
1976 $15,710 - $541 -
1975 $13,014 - $547 -
1974 $13,540 - $417 -
1973 $4,905 - $381 -
1972 $3,483 - $342 -
1971 $2,952 - $291.1 -
1970 $2,594 - $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/qatar/senegal | CC BY

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Senegal ranks 158th at $5,071.

Economic indicators

Qatar Senegal
Gross domestic product
$219B
2024
$32.8B
2024
GDP rank
56/197
2024
109/197
2024
GDP growth
2.36%
2023-2024
6.06%
2023-2024
GDP per capita
$76,689
2024
$1,773
2024
GDP per capita rank
11/197
2024
159/197
2024
GDP per capita, PPP
$126,046
2024
$5,071
2024
GDP per capita PPP rank
5/197
2024
158/197
2024
Government debt
$90.2B
2024
$42.1B
2024
Debt-to-GDP ratio
41.2%
2024
128.4%
2024
Government debt per person
$31,579
2024
$2,277
2024
Government debt per person rank
23/185
2024
115/185
2024
Average annual personal income after taxes
$35,660
2026
$2,194
2026
Market capitalization of domestic companies
$170M
2024
n/a
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
25.8%
2017
28.8%
2021
Income share by poorest 10%
2.6%
2017
3%
2021
Government expenditure, % of GDP
26%
2024
33.5%
2024
Consumer prices inflation
1.27%
2023-2024
0.8%
2023-2024
Central bank interest rate
4.1%
2025
n/a
Unemployment rate
0.13%
2022
5.78%
2024
Population
2999260
19491599

Spending and national debt comparison by year

Qatar
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Qatar Senegal
Government spending Government debt Government spending Government debt
2024 26% 41.2% 33.5% 128.4%
2023 27.3% 43.7% 35.5% 118.4%
2022 24.3% 42.6% 36.2% 105%
2021 29.4% 58.4% 33.6% 98.6%
2020 34.7% 72.6% 29.6% 90.2%
2019 32.5% 62.1% 34.3% 81.5%
2018 28.9% 52.2% 22.6% 61.5%
2017 34.7% 51.6% 22.5% 61.1%
2016 40.1% 46.7% 24% 47.5%
2015 38.6% 35.5% 22.9% 44.5%
2014 32.3% 24.9% 23.1% 42.4%
2013 28.3% 30.9% 22.1% 36.9%
2012 31% 32.1% 23% 34.5%
2011 28.5% 33.5% 23.3% 32.9%
2010 32% 30.4% 21.7% 34.6%
2009 36.4% 36% 21.1% 29.9%
2008 23.5% 11.4% 20.9% 19.1%
2007 29.5% 9.37% 22.2% 19%
2006 29.5% 13.9% 21.3% 17.5%
2005 29% 19.1% 18.7% 36.1%
2004 29.9% 30.1% 18.1% 38%
2003 28.5% 38.8% 17.1% 42.9%
2002 31.6% 47.7% 15.5% 52%
2001 32.1% 59.2% 15.7% 53.2%
2000 29.8% 51.6% 14% 57.5%
1999 42.4% 81.8% 14.6% 15%
1998 55.1% 76.6% 13.5% 18.8%
1997 47.6% 54.4% 14.1% 67.8%
1996 55.2% 57.8% 15.4% 0.07%
1995 52.2% 50.2% 14.4% 65.3%
1994 59.8% 54.8% 15.9% 77.3%
1993 62.8% 46.3% - -
1992 54.2% 19.9% - -
1991 57.5% 21.8% - -
1990 50% 12.6% - -

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/qatar/senegal | CC BY

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 128.4% in Senegal, ranking 130/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Senegal
1x
Year Deficit/surplus, % of GDP
Qatar Senegal
2024 0.69% -13.4%
2023 5.56% -14.8%
2022 10.4% -16.1%
2021 0.24% -13.7%
2020 -2.13% -9.64%
2019 1% -13.9%
2018 2.26% -3.66%
2017 -6.82% -2.97%
2016 -9.2% -3.27%
2015 18.4% -3.66%
2014 13.4% -3.9%
2013 19.3% -4.34%
2012 8.55% -4.18%
2011 5.24% -4.92%
2010 4.6% -3.94%
2009 14.1% -3.66%
2008 9.49% -3.53%
2007 10.3% -2.8%
2006 8.39% -3.67%
2005 9.8% -0.26%
2004 17.7% 0.18%
2003 6.71% -0.52%
2002 7.89% 0.19%
2001 4.48% -1.44%
2000 4.62% 0.78%
1999 -4.35% -0.62%
1998 -7% 0.93%
1997 -9.4% 0.98%
1996 -8.73% 0.92%
1995 -5.78% 2.41%
1994 -11.8% 5.9%
1993 -9.53% -
1992 -2.74% -
1991 -2.57% -
1990 3.23% -

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

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

In 2024, Qatar's government surplus, the difference between spending and revenue, was $1.52B, equivalent to 0.69% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Qatar recorded a fiscal deficit in 9 of those years, while Senegal ran a deficit in 23 years. On average, Qatar posted an annual surplus equal to 3.8% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Qatar

Senegal
1x
Year Consumer prices inflation
Qatar Senegal
2024 1.27% 0.8%
2023 3.03% 5.94%
2022 5% 9.7%
2021 2.3% 2.18%
2020 -2.54% 2.54%
2019 -0.67% 1.76%
2018 0.26% 0.46%
2017 0.39% 1.32%
2016 2.68% 0.84%
2015 1.81% 0.14%
2014 3.35% -1.09%
2013 3.22% 0.71%
2012 2.32% 1.42%
2011 1.14% 3.4%
2010 -2.43% 1.23%
2009 -4.86% -2.25%
2008 15.1% 7.35%
2007 13.8% 5.85%
2006 11.8% 2.11%
2005 8.81% 1.71%
2004 6.8% 0.51%
2003 2.26% -0.05%
2002 0.24% 2.34%
2001 1.47% 2.97%
2000 1.65% 0.73%
1999 2.18% 0.83%
1998 2.95% 1.16%
1997 4.83% 1.75%

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

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

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 2.01% in Senegal. In 2024, inflation was 1.27% in Qatar and 0.8% in Senegal.

Top exports between countries

Qatar
Export category Export value
Chemicals & pharma $9.06M
Metals $445K
Raw materials & minerals $131K
Machinery & equipment $33K
Miscellaneous $14K
Senegal
Export category Export value
Chemicals & pharma $269K
Raw agricultural goods $27K
Machinery & equipment $25K
Precious metals & jewellery $13K
Animal & marine products $9K
Textiles & consumer goods $6K
Metals $1K
Wood & paper products $1K

Balance of trade

Qatar Senegal
Current account balance
$37.9B
2024
-$6.07B
2023
Current account balance ranking
16/190
2024
170/190
2023
Current account balance, % of GDP
+17.3%
2024
-19.8%
2023
Goods imports
$32.6B
2024
$10.8B
2023
Goods exports
$95B
2024
$5.52B
2023
Service imports
$37.1B
2024
$4.08B
2023
Service exports
$30.2B
2024
$1.48B
2023
Imports of goods and services, % of GDP
31.6%
2022
43.4%
2024
Exports of goods and services, % of GDP
68.6%
2022
24.7%
2024

Economic freedom indices

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

Qatar Senegal
Economic freedom 70.2 53.2
Economic freedom ranking 37/197 140/197
Property rights 66.2 57.4
Government integrity 53.5 47.3
Judicial effectiveness 41.5 50.5
Tax burden 99.9 68.8
Government spending 79.9 63.1
Fiscal health 96.6 0
Business freedom 68 55.2
Labor freedom 58.5 54.4
Monetary freedom 76 74.3
Trade freedom 81.8 67
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Qatar
Senegal
1x
Year Economic freedom index
Qatar Senegal
2026 70.2 53.2
2025 70.2 56.4
2024 68.8 55.4
2023 68.6 57.7
2022 67.7 60
2021 72 58
2020 72.3 58
2019 72.6 56.3
2018 72.6 55.7
2017 73.1 55.9
2016 70.7 58.1
2015 70.8 57.8
2014 71.2 55.4
2013 71.3 55.5
2012 71.3 55.4
2011 70.5 55.7
2010 69 54.6
2009 65.8 56.3
2008 62.2 58.3
2007 62.9 58.1
2006 62.4 56.2
2005 63.5 57.9
2004 66.5 58.9
2003 65.9 58.1
2002 61.9 58.6
2001 60 58.7
2000 62 58.9
1999 62 60.6
1998 - 59.7
1997 - 58.1
1996 - 58.2

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

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

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, 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

Qatar Senegal
Services, % of GDP
46.1%
2024
48.4%
2024
Industry, % of GDP
58.2%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
16.6%
2024
GNI, Atlas method
$221B
2024
$31.1B
2024
GNI per capita, PPP
$121,900
2024
$4,920
2024
Total reserves including gold
$54B
2024
n/a
Total reserves ranking
40/177
2024
n/a
Net foreign direct investment
$1.1B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$460M
2024
$2.02B
2024
Net outflows of foreign direct investment
$1.56B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI n/a
10.8%
2024
Poverty at national poverty lines n/a
37.5%
2021
Gross capital formation, % of GDP
30.6%
2022
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/qatar/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 (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.