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Economy of Saudi Arabia vs Senegal compared: GDP & Debt

Updated on by Georank team

Saudi Arabia has a GDP of $1.24T compared to $32.8B for Senegal, ranking 18/197 and 109/197 by economy size, respectively.

Saudi Arabia has $324B in government debt (26.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Saudi Arabia vs Senegal GDP by year

Saudi Arabia
Senegal
1x
Year GDP, current $
Saudi Arabia Senegal
2024 $1,239,804,533,333 $32,808,056,601
2023 $1,218,584,533,333 $30,696,331,296
2022 $1,239,075,200,000 $27,783,332,223
2021 $982,661,066,667 $27,520,784,130
2020 $767,951,200,000 $24,530,513,038
2019 $888,890,133,333 $23,403,995,992
2018 $886,564,800,000 $23,116,701,556
2017 $741,266,133,333 $20,996,562,944
2016 $689,279,466,667 $19,040,312,333
2015 $693,414,400,000 $17,774,766,696
2014 $787,153,066,667 $19,797,253,440
2013 $769,755,733,333 $18,918,667,725
2012 $751,921,333,333 $17,660,870,412
2011 $680,660,800,000 $17,814,283,639
2010 $528,207,466,667 $16,121,315,909
2009 $429,097,866,667 $16,145,867,495
2008 $519,796,800,000 $16,853,989,628
2007 $415,964,509,673 $13,994,218,413
2006 $376,900,133,511 $11,697,918,243
2005 $328,459,608,764 $11,009,033,438
2004 $258,742,133,333 $10,076,816,667
2003 $215,807,733,333 $8,768,721,563
2002 $189,605,866,667 $7,006,402,320
2001 $184,137,600,000 $6,507,824,829
2000 $189,514,933,333 $6,013,185,004
1999 $161,717,066,667 $6,592,834,933
1998 $146,775,466,667 $6,505,607,909
1997 $165,963,684,913 $6,041,478,726
1996 $158,662,483,311 $6,559,712,166
1995 $143,343,124,166 $6,326,342,633
1994 $135,174,899,866 $5,034,588,196
1993 $132,967,957,276 $7,367,986,241
1992 $137,087,850,467 $7,769,817,840
1991 $132,223,230,975 $7,255,210,470
1990 $117,630,173,565 $7,390,967,360
1989 $95,344,459,279 $6,366,039,373
1988 $88,256,074,766 $6,418,419,389
1987 $85,695,861,148 $6,487,353,103
1986 $86,961,922,765 $5,392,093,446
1985 $103,897,846,494 $3,818,944,918
1984 $119,624,858,116 $3,485,165,432
1983 $129,171,635,311 $3,569,356,125
1982 $153,240,313,858 $4,013,951,443
1981 $184,291,360,139 $4,095,892,781
1980 $164,539,660,725 $4,510,108,291
1979 $111,858,444,786 $4,084,877,823
1978 $80,266,516,687 $3,280,354,921
1977 $74,188,986,586 $2,938,046,463
1976 $64,005,665,722 $2,869,777,884
1975 $46,773,208,643 $2,830,388,405
1974 $45,412,957,746 $2,099,325,229
1973 $14,947,435,499 $1,863,398,590
1972 $9,664,267,087 $1,620,857,104
1971 $7,184,806,909 $1,339,549,033
1970 $5,377,333,333 $1,297,407,655
1969 $4,485,777,644 $1,245,234,931
1968 $4,187,777,711 $1,309,384,862
1967 $3,257,022,223 $1,246,480,766
1966 $2,920,555,557 $1,246,908,186
1965 $2,647,955,558 $1,210,058,228
1964 $2,371,808,713 $1,188,930,645
1963 $2,207,393,172 $1,122,139,862
1962 $2,130,606,532 $1,085,475,791
1961 $1,920,811,284 $1,058,975,257
1960 $1,748,124,064 $1,003,692,370

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

GeoRank.org/economy/saudi-arabia/senegal | CC BY

GDP per capita in Saudi Arabia vs Senegal by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $35,122 $71,375 $1,773 $5,071
2023 $36,157 $71,565 $1,698 $4,778
2022 $38,510 $71,968 $1,574 $4,530
2021 $31,921 $62,690 $1,598 $4,174
2020 $24,339 $47,518 $1,461 $3,753
2019 $29,567 $59,560 $1,431 $3,648
2018 $29,360 $59,378 $1,453 $3,380
2017 $23,929 $53,120 $1,357 $3,234
2016 $22,268 $49,937 $1,266 $3,101
2015 $23,256 $53,931 $1,218 $2,994
2014 $27,805 $62,578 $1,399 $2,854
2013 $27,865 $62,203 $1,380 $2,769
2012 $28,733 $65,034 $1,327 $2,764
2011 $27,127 $64,125 $1,375 $2,685
2010 $22,028 $58,829 $1,276 $2,663
2009 $17,718 $54,787 $1,309 $2,606
2008 $22,320 $57,236 $1,399 $2,581
2007 $18,596 $55,030 $1,189 $2,499
2006 $17,564 $54,639 $1,017 $2,422
2005 $15,976 $53,548 $980 $2,350
2004 $13,154 $51,225 $918 $2,236
2003 $11,487 $48,078 $818 $2,131
2002 $10,586 $45,466 $669 $2,027
2001 $10,805 $47,381 $637 $2,044
2000 $11,715 $48,644 $603 $1,963
1999 $10,452 $47,495 $678 $1,893
1998 $9,836 $48,867 $685 $1,798
1997 $11,545 $48,796 $651 $1,719
1996 $11,472 $48,569 $723 $1,679
1995 $10,786 $48,052 $715 $1,656
1994 $10,602 $48,904 $584 $1,578
1993 $10,885 $49,503 $878 $1,588
1992 $11,730 $50,355 $951 $1,573
1991 $11,847 $49,295 $913 $1,561
1990 $11,055 $46,214 $957 $1,513
1989 $9,414 - $849 -
1988 $9,165 - $880 -
1987 $9,386 - $916 -
1986 $10,078 - $784 -
1985 $12,745 - $571 -
1984 $15,541 - $536 -
1983 $17,810 - $564 -
1982 $22,454 - $652 -
1981 $28,703 - $683 -
1980 $27,206 - $772 -
1979 $19,612 - $716 -
1978 $14,914 - $589 -
1977 $14,595 - $540 -
1976 $13,313 - $541 -
1975 $10,266 - $547 -
1974 $10,503 - $417 -
1973 $3,640 - $381 -
1972 $2,474 - $342 -
1971 $1,929 - $291.1 -
1970 $1,509 - $290.5 -
1969 $1,313 - $287.3 -
1968 $1,276 - $311 -
1967 $1,032 - $305 -
1966 $961 - $315 -
1965 $904 - $314 -
1964 $840 - $318 -
1963 $812 - $309 -
1962 $813 - $307 -
1961 $760 - $308 -
1960 $718 - $300 -

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

GeoRank.org/economy/saudi-arabia/senegal | CC BY

Saudi Arabia's GDP per capita is $35,122, ranking 33/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Senegal ranks 158th at $5,071.

Economic indicators

Saudi Arabia Senegal
Gross domestic product
$1.24T
2024
$32.8B
2024
GDP rank
18/197
2024
109/197
2024
GDP growth
2%
2023-2024
6.06%
2023-2024
GDP per capita
$35,122
2024
$1,773
2024
GDP per capita rank
33/197
2024
159/197
2024
GDP per capita, PPP
$71,375
2024
$5,071
2024
GDP per capita PPP rank
24/197
2024
158/197
2024
Government debt
$324B
2024
$42.1B
2024
Debt-to-GDP ratio
26.2%
2024
128.4%
2024
Government debt per person
$9,185
2024
$2,277
2024
Government debt per person rank
58/185
2024
115/185
2024
Average annual personal income after taxes
$23,076
2026
$2,194
2026
Market capitalization of domestic companies
$2.73T
2024
n/a
Number of millionaires
351,855
2025
n/a
Number of billionaires
15
2025
n/a
Income share by richest 10% n/a
28.8%
2021
Income share by poorest 10% n/a
3%
2021
Government expenditure, % of GDP
29.6%
2024
33.5%
2024
Consumer prices inflation
1.69%
2023-2024
0.8%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
3.52%
2024
5.78%
2024
Population
36734925
19491599

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Saudi Arabia Senegal
Government spending Government debt Government spending Government debt
2024 29.6% 26.2% 33.5% 128.4%
2023 28.3% 23% 35.5% 118.4%
2022 25.3% 21.3% 36.2% 105%
2021 28.2% 25.5% 33.6% 98.6%
2020 37.4% 29.7% 29.6% 90.2%
2019 31.8% 20.3% 34.3% 81.5%
2018 32.4% 16.8% 22.6% 61.5%
2017 30.9% 15.9% 22.5% 61.1%
2016 33.3% 12.2% 24% 47.5%
2015 38.5% 5.47% 22.9% 44.5%
2014 38.6% 1.5% 23.1% 42.4%
2013 34.5% 2.08% 22.1% 36.9%
2012 32.5% 2.97% 23% 34.5%
2011 32.4% 5.31% 23.3% 32.9%
2010 33% 8.43% 21.7% 34.6%
2009 37.1% 14% 21.1% 29.9%
2008 26.7% 12.1% 20.9% 19.1%
2007 29.5% 17.1% 22.2% 19%
2006 27.3% 25.8% 21.3% 17.5%
2005 28.2% 37.3% 18.7% 36.1%
2004 31.1% 62.9% 18.1% 38%
2003 33.1% 81.6% 17.1% 42.9%
2002 35.9% 96.4% 15.5% 52%
2001 36.9% 93.1% 15.7% 53.2%
2000 33.1% 86.7% 14% 57.5%
1999 30.3% 103% 14.6% 15%
1998 34.5% 101.5% 13.5% 18.8%
1997 35.6% 76.7% 14.1% 67.8%
1996 33.3% 75.2% 15.4% 0.07%
1995 32.4% 74.2% 14.4% 65.3%
1994 33.8% 67.9% 15.9% 77.3%
1993 37.7% 58.6% - -
1992 41.2% 47.8% - -
1991 34.9% 39.4% - -
1990 39.3% - - -

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/saudi-arabia/senegal | CC BY

In 2024, Saudi Arabia's government spending was $367B, accounting for 29.6% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 26.2% in Saudi Arabia and 128.4% in Senegal, ranking 163/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Senegal
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Senegal
2024 -2.49% -13.4%
2023 -1.77% -14.8%
2022 2.24% -16.1%
2021 -1.99% -13.7%
2020 -10.2% -9.64%
2019 -3.96% -13.9%
2018 -5.21% -3.66%
2017 -8.57% -2.97%
2016 -13.2% -3.27%
2015 -14.9% -3.66%
2014 -3.4% -3.9%
2013 5.47% -4.34%
2012 11.7% -4.18%
2011 11.4% -4.92%
2010 4.39% -3.94%
2009 -5.38% -3.66%
2008 29.8% -3.53%
2007 11.8% -2.8%
2006 20.8% -3.67%
2005 18% -0.26%
2004 9.72% 0.18%
2003 1.2% -0.52%
2002 -5.91% 0.19%
2001 -3.91% -1.44%
2000 3.18% 0.78%
1999 -5.99% -0.62%
1998 -8.88% 0.93%
1997 -2.51% 0.98%
1996 -3.25% 0.92%
1995 -5.12% 2.41%
1994 -8.31% 5.9%
1993 -9.33% -
1992 -8.12% -
1991 -3.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/saudi-arabia/senegal | CC BY

In 2024, Saudi Arabia's government deficit, the difference between spending and revenue, was $30.9B, equivalent to 2.49% of GDP. This compares to Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Saudi Arabia recorded a fiscal deficit in 19 of those years, while Senegal ran a deficit in 23 years. On average, Saudi Arabia posted an annual surplus equal to 0.47% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Saudi Arabia

Senegal
1x
Year Consumer prices inflation
Saudi Arabia Senegal
2024 1.69% 0.8%
2023 2.33% 5.94%
2022 2.47% 9.7%
2021 3.06% 2.18%
2020 3.37% 2.54%
2019 -1.19% 1.76%
2018 2.47% 0.46%
2017 -0.83% 1.32%
2016 2.05% 0.84%
2015 1.22% 0.14%
2014 2.24% -1.09%
2013 3.51% 0.71%
2012 2.87% 1.42%
2011 5.83% 3.4%
2010 5.34% 1.23%
2009 5.06% -2.25%
2008 9.87% 7.35%
2007 4.17% 5.85%
2006 2.21% 2.11%
2005 0.48% 1.71%
2004 0.52% 0.51%
2003 0.61% -0.05%
2002 0.25% 2.34%
2001 -1.12% 2.97%
2000 -1.12% 0.73%
1999 -1.33% 0.83%
1998 -0.37% 1.16%
1997 0.06% 1.75%

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

GeoRank.org/economy/saudi-arabia/senegal | CC BY

Over the past 28 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 2.01% in Senegal. In 2024, inflation was 1.69% in Saudi Arabia and 0.8% in Senegal.

Top exports between countries

Saudi Arabia
Export category Export value
Chemicals & pharma $22.8M
Processed food, beverages & tobacco $5.83M
Machinery & equipment $5.61M
Raw materials & minerals $3.68M
Animal & marine products $2.08M
Metals $1.54M
Textiles & consumer goods $585K
Raw agricultural goods $415K
Miscellaneous $136K
Wood & paper products $29K
Senegal
Export category Export value
Metals $415K
Textiles & consumer goods $362K
Machinery & equipment $156K
Animal & marine products $81K
Raw agricultural goods $78K
Raw materials & minerals $16K
Wood & paper products $10K
Chemicals & pharma $4K

Balance of trade

Saudi Arabia Senegal
Current account balance
-$16.3B
2024
-$6.07B
2023
Current account balance ranking
180/190
2024
170/190
2023
Current account balance, % of GDP
-1.31%
2024
-19.8%
2023
Goods imports
$214B
2024
$10.8B
2023
Goods exports
$306B
2024
$5.52B
2023
Service imports
$125B
2024
$4.08B
2023
Service exports
$62.8B
2024
$1.48B
2023
Imports of goods and services, % of GDP
25.6%
2024
43.4%
2024
Exports of goods and services, % of GDP
29.1%
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.

Saudi Arabia Senegal
Economic freedom 65.4 53.2
Economic freedom ranking 65/197 140/197
Property rights 51.4 57.4
Government integrity 52.7 47.3
Judicial effectiveness 38.2 50.5
Tax burden 99.2 68.8
Government spending 77 63.1
Fiscal health 97.9 0
Business freedom 71.2 55.2
Labor freedom 41.8 54.4
Monetary freedom 81.2 74.3
Trade freedom 73.8 67
Investment freedom 50 60
Financial freedom 50 40

Economic freedom comparison by year

Saudi Arabia
Senegal
1x
Year Economic freedom index
Saudi Arabia Senegal
2026 65.4 53.2
2025 64.4 56.4
2024 61.9 55.4
2023 58.3 57.7
2022 55.5 60
2021 66 58
2020 62.4 58
2019 60.7 56.3
2018 59.6 55.7
2017 64.4 55.9
2016 62.1 58.1
2015 62.1 57.8
2014 62.2 55.4
2013 60.6 55.5
2012 62.5 55.4
2011 66.2 55.7
2010 64.1 54.6
2009 64.3 56.3
2008 62.5 58.3
2007 60.9 58.1
2006 63 56.2
2005 63 57.9
2004 60.4 58.9
2003 63.2 58.1
2002 65.3 58.6
2001 62.2 58.7
2000 66.5 58.9
1999 65.5 60.6
1998 69.3 59.7
1997 68.7 58.1
1996 68.3 58.2

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

GeoRank.org/economy/saudi-arabia/senegal | CC BY

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, 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

Saudi Arabia Senegal
Services, % of GDP
47.1%
2024
48.4%
2024
Industry, % of GDP
44.9%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
16.6%
2024
GNI, Atlas method
$1.26T
2024
$31.1B
2024
GNI per capita, PPP
$71,730
2024
$4,920
2024
Total reserves including gold
$464B
2024
n/a
Total reserves ranking
7/177
2024
n/a
Net foreign direct investment
$6.27B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$21.3B
2024
$2.02B
2024
Net outflows of foreign direct investment
$27.6B
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
30.2%
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/saudi-arabia/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 (2022–2024, 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.