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Economy of Saint Lucia vs Senegal compared: GDP & Debt

Updated on by Georank team

Saint Lucia has a GDP of $2.55B compared to $32.8B for Senegal, ranking 173/197 and 109/197 by economy size, respectively.

Saint Lucia has $1.97B in government debt (77.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Saint Lucia vs Senegal GDP by year

Saint Lucia
Senegal
1x
Year GDP, current $
Saint Lucia Senegal
2024 $2,549,062,963 $32,808,056,601
2023 $2,430,166,667 $30,696,331,296
2022 $2,342,714,815 $27,783,332,223
2021 $1,867,185,185 $27,520,784,130
2020 $1,499,274,074 $24,530,513,038
2019 $2,095,344,444 $23,403,995,992
2018 $2,060,955,556 $23,116,701,556
2017 $1,998,503,704 $20,996,562,944
2016 $1,868,544,444 $19,040,312,333
2015 $1,807,640,741 $17,774,766,696
2014 $1,749,185,185 $19,797,253,440
2013 $1,660,392,593 $18,918,667,725
2012 $1,598,207,407 $17,660,870,412
2011 $1,568,370,370 $17,814,283,639
2010 $1,482,385,185 $16,121,315,909
2009 $1,401,507,889 $16,145,867,495
2008 $1,437,731,111 $16,853,989,628
2007 $1,336,088,815 $13,994,218,413
2006 $1,268,319,185 $11,697,918,243
2005 $1,135,555,556 $11,009,033,438
2004 $1,066,666,667 $10,076,816,667
2003 $987,407,407 $8,768,721,563
2002 $900,000,000 $7,006,402,320
2001 $892,592,593 $6,507,824,829
2000 $932,592,593 $6,013,185,004
1999 $921,851,852 $6,592,834,933
1998 $877,407,407 $6,505,607,909
1997 $805,925,926 $6,041,478,726
1996 $788,888,889 $6,559,712,166
1995 $762,962,963 $6,326,342,633
1994 $713,703,704 $5,034,588,196
1993 $684,814,815 $7,367,986,241
1992 $674,074,074 $7,769,817,840
1991 $613,703,704 $7,255,210,470
1990 $579,629,630 $7,390,967,360
1989 $486,666,667 $6,366,039,373
1988 $429,629,630 $6,418,419,389
1987 $375,555,556 $6,487,353,103
1986 $340,000,000 $5,392,093,446
1985 $284,444,444 $3,818,944,918
1984 $251,481,481 $3,485,165,432
1983 $197,037,037 $3,569,356,125
1982 $183,333,333 $4,013,951,443
1981 $194,444,444 $4,095,892,781
1980 $170,370,370 $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/saint-lucia/senegal | CC BY

GDP per capita in Saint Lucia vs Senegal by year

Saint Lucia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Lucia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,182 $27,567 $1,773 $5,071
2023 $13,555 $25,975 $1,698 $4,778
2022 $13,104 $24,599 $1,574 $4,530
2021 $10,459 $19,101 $1,598 $4,174
2020 $8,411 $14,912 $1,461 $3,753
2019 $11,794 $18,710 $1,431 $3,648
2018 $11,643 $17,433 $1,453 $3,380
2017 $11,333 $16,131 $1,357 $3,234
2016 $10,638 $15,307 $1,266 $3,101
2015 $10,335 $14,353 $1,218 $2,994
2014 $10,045 $14,403 $1,399 $2,854
2013 $9,577 $14,010 $1,380 $2,769
2012 $9,260 $13,443 $1,327 $2,764
2011 $9,129 $13,471 $1,375 $2,685
2010 $8,674 $12,718 $1,276 $2,663
2009 $8,251 $12,600 $1,309 $2,606
2008 $8,517 $12,969 $1,399 $2,581
2007 $7,964 $12,199 $1,189 $2,499
2006 $7,611 $11,758 $1,017 $2,422
2005 $6,863 $10,818 $980 $2,350
2004 $6,495 $10,610 $918 $2,236
2003 $6,059 $9,707 $818 $2,131
2002 $5,568 $9,205 $669 $2,027
2001 $5,570 $9,106 $637 $2,044
2000 $5,880 $9,314 $603 $1,963
1999 $5,883 $9,214 $678 $1,893
1998 $5,673 $8,965 $685 $1,798
1997 $5,282 $8,456 $651 $1,719
1996 $5,244 $8,490 $723 $1,679
1995 $5,148 $8,222 $715 $1,656
1994 $4,892 $8,041 $584 $1,578
1993 $4,765 $7,865 $878 $1,588
1992 $4,760 $7,753 $951 $1,573
1991 $4,399 $7,127 $913 $1,561
1990 $4,205 $6,951 $957 $1,513
1989 $3,565 - $849 -
1988 $3,182 - $880 -
1987 $2,819 - $916 -
1986 $2,591 - $784 -
1985 $2,202 - $571 -
1984 $1,979 - $536 -
1983 $1,576 - $564 -
1982 $1,489 - $652 -
1981 $1,605 - $683 -
1980 $1,428 - $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/saint-lucia/senegal | CC BY

Saint Lucia's GDP per capita is $14,182, ranking 70/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Saint Lucia ranks 75th at $27,567, while Senegal ranks 158th at $5,071.

Economic indicators

Saint Lucia Senegal
Gross domestic product
$2.55B
2024
$32.8B
2024
GDP rank
173/197
2024
109/197
2024
GDP growth
3.89%
2023-2024
6.06%
2023-2024
GDP per capita
$14,182
2024
$1,773
2024
GDP per capita rank
70/197
2024
159/197
2024
GDP per capita, PPP
$27,567
2024
$5,071
2024
GDP per capita PPP rank
75/197
2024
158/197
2024
Government debt
$1.97B
2024
$42.1B
2024
Debt-to-GDP ratio
77.2%
2024
128.4%
2024
Government debt per person
$10,952
2024
$2,277
2024
Government debt per person rank
52/185
2024
115/185
2024
Average annual personal income after taxes
$10,412
2026
$2,194
2026
Income share by richest 10%
34.1%
2015
28.8%
2021
Income share by poorest 10%
2.1%
2015
3%
2021
Government expenditure, % of GDP
24.5%
2024
33.5%
2024
Consumer prices inflation
-0.11%
2023-2024
0.8%
2023-2024
Unemployment rate
10.1%
2024
5.78%
2024
Population
180638
19491599

Spending and national debt comparison by year

Saint Lucia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Saint Lucia Senegal
Government spending Government debt Government spending Government debt
2024 24.5% 77.2% 33.5% 128.4%
2023 25.6% 76.6% 35.5% 118.4%
2022 23% 74.4% 36.2% 105%
2021 27.4% 87% 33.6% 98.6%
2020 34.9% 100% 29.6% 90.2%
2019 25.1% 62.1% 34.3% 81.5%
2018 23.2% 60.5% 22.6% 61.5%
2017 23.3% 60.4% 22.5% 61.1%
2016 23% 61.3% 24% 47.5%
2015 23.7% 61.1% 22.9% 44.5%
2014 23.6% 62.4% 23.1% 42.4%
2013 25.4% 62.1% 22.1% 36.9%
2012 28% 60.8% 23% 34.5%
2011 27% 55.2% 23.3% 32.9%
2010 26% 53% 21.7% 34.6%
2009 24.5% 51% 21.1% 29.9%
2008 22.2% 46.7% 20.9% 19.1%
2007 22.6% 49.1% 22.2% 19%
2006 24.7% 48.6% 21.3% 17.5%
2005 26% 51.9% 18.7% 36.1%
2004 22.9% 49.6% 18.1% 38%
2003 22.9% 45.6% 17.1% 42.9%
2002 23.6% 48.8% 15.5% 52%
2001 22.1% 38.1% 15.7% 53.2%
2000 20.7% 32.5% 14% 57.5%
1999 20.9% 28.9% 14.6% 15%
1998 18.8% 29.4% 13.5% 18.8%
1997 19.5% 27.2% 14.1% 67.8%
1996 18.9% 24.1% 15.4% 0.07%
1995 19.2% 22.9% 14.4% 65.3%
1994 19.1% 23.8% 15.9% 77.3%
1993 21.8% 22.9% - -
1992 18.4% 22.2% - -
1991 18.4% 19.8% - -
1990 16.7% 17% - -
1989 19% 18.1% - -
1988 18.2% 18.6% - -
1987 19.9% 19.6% - -
1986 21.1% 17.2% - -
1985 20.4% 17.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1995, retrieved 2026-02-20).

GeoRank.org/economy/saint-lucia/senegal | CC BY

In 2024, Saint Lucia's government spending was $625M, accounting for 24.5% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 77.2% in Saint Lucia and 128.4% in Senegal, ranking 46/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Saint Lucia

Senegal
1x
Year Deficit/surplus, % of GDP
Saint Lucia Senegal
2024 -2.13% -13.4%
2023 -3.09% -14.8%
2022 -1.67% -16.1%
2021 -5.1% -13.7%
2020 -12% -9.64%
2019 -3.51% -13.9%
2018 -1.03% -3.66%
2017 -1.14% -2.97%
2016 -0.79% -3.27%
2015 -2.35% -3.66%
2014 -3.08% -3.9%
2013 -4.84% -4.34%
2012 -7.62% -4.18%
2011 -5.38% -4.92%
2010 -4.17% -3.94%
2009 -2.67% -3.66%
2008 -0.72% -3.53%
2007 -1.62% -2.8%
2006 -5.07% -3.67%
2005 -6.18% -0.26%
2004 -2.63% 0.18%
2003 -3.23% -0.52%
2002 -3.1% 0.19%
2001 -3.08% -1.44%
2000 -1.16% 0.78%
1999 1.62% -0.62%
1998 2.25% 0.93%
1997 -1.13% 0.98%
1996 -0.58% 0.92%
1995 -0.13% 2.41%
1994 -0.02% 5.9%
1993 -0.26% -
1992 -0.66% -
1991 -0.43% -
1990 0.29% -
1989 0.89% -
1988 2.02% -
1987 0.56% -
1986 -1.61% -
1985 -1.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/saint-lucia/senegal | CC BY

In 2024, Saint Lucia's government deficit, the difference between spending and revenue, was $54.2M, equivalent to 2.13% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Saint Lucia recorded a fiscal deficit in 29 of those years, while Senegal ran a deficit in 23 years. On average, Saint Lucia posted an annual deficit equal to 2.75% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Saint Lucia

Senegal
1x
Year Consumer prices inflation
Saint Lucia Senegal
2024 -0.11% 0.8%
2023 4.07% 5.94%
2022 6.38% 9.7%
2021 2.41% 2.18%
2020 -1.76% 2.54%
2019 0.54% 1.76%
2018 1.94% 0.46%
2017 0.1% 1.32%
2016 -3.08% 0.84%
2015 -0.98% 0.14%
2014 3.52% -1.09%
2013 1.47% 0.71%
2012 4.18% 1.42%
2011 2.77% 3.4%
2010 3.25% 1.23%
2009 -0.16% -2.25%
2008 5.55% 7.35%
2007 2.82% 5.85%
2006 2.4% 2.11%
2005 3.9% 1.71%
2004 1.46% 0.51%
2003 1.03% -0.05%
2002 -0.26% 2.34%
2001 5.31% 2.97%
2000 3.71% 0.73%
1999 3.5% 0.83%
1998 3.2% 1.16%
1997 -0.006% 1.75%

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

GeoRank.org/economy/saint-lucia/senegal | CC BY

Over the past 28 years, Saint Lucia has recorded an average annual inflation rate of 2.04%, compared with 2.01% in Senegal. In 2024, inflation was -0.11% in Saint Lucia and 0.8% in Senegal.

Balance of trade

Saint Lucia Senegal
Current account balance
-$64.1M
2024
-$6.07B
2023
Current account balance ranking
86/190
2024
170/190
2023
Current account balance, % of GDP
-2.52%
2024
-19.8%
2023
Goods imports
$848M
2024
$10.8B
2023
Goods exports
$137M
2024
$5.52B
2023
Service imports
$598M
2024
$4.08B
2023
Service exports
$1.46B
2024
$1.48B
2023
Imports of goods and services, % of GDP n/a
43.4%
2024
Exports of goods and services, % of GDP
19%
2025
24.7%
2024

Economic freedom indices

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

Saint Lucia Senegal
Economic freedom 67.5 53.2
Economic freedom ranking 57/197 140/197
Property rights 64.3 57.4
Government integrity 59.7 47.3
Judicial effectiveness 77.3 50.5
Tax burden 77.7 68.8
Government spending 82.6 63.1
Fiscal health 80 0
Business freedom 71.9 55.2
Labor freedom 65.2 54.4
Monetary freedom 81 74.3
Trade freedom 60 67
Investment freedom 50 60
Financial freedom 40 40

Economic freedom comparison by year

Saint Lucia
Senegal
1x
Year Economic freedom index
Saint Lucia Senegal
2026 67.5 53.2
2025 67 56.4
2024 62.2 55.4
2023 60.7 57.7
2022 64.3 60
2021 67.5 58
2020 68.2 58
2019 68.7 56.3
2018 67.6 55.7
2017 65 55.9
2016 70 58.1
2015 70.2 57.8
2014 70.7 55.4
2013 70.4 55.5
2012 71.3 55.4
2011 70.8 55.7
2010 70.5 54.6
2009 68.8 56.3
2008 - 58.3
2007 - 58.1
2006 - 56.2
2005 - 57.9
2004 - 58.9
2003 - 58.1
2002 - 58.6
2001 - 58.7
2000 - 58.9
1999 - 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/saint-lucia/senegal | CC BY

The Economic Freedom Index for Saint Lucia is 67.5, ranking 57/197, 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

Saint Lucia Senegal
Services, % of GDP
75.9%
2024
48.4%
2024
Industry, % of GDP
9.75%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
1.13%
2024
16.6%
2024
GNI, Atlas method
$2.27B
2024
$31.1B
2024
GNI per capita, PPP
$24,840
2024
$4,920
2024
Total reserves including gold
$406M
2024
n/a
Total reserves ranking
162/177
2024
n/a
Net foreign direct investment
-$187M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$187M
2024
$2.02B
2024
Net outflows of foreign direct investment
-$350K
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
3.42%
2024
10.8%
2024
Poverty at national poverty lines
25%
2016
37.5%
2021
Gross capital formation, % of GDP n/a
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/saint-lucia/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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1995, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.