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Economy of Senegal vs Singapore compared: GDP & Debt

Updated on by Georank

Senegal has a GDP of $37B compared to $604B for Singapore, ranking 107/197 and 28/197 by economy size, respectively.

Senegal has $48.2B in government debt (130.2% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Senegal vs Singapore GDP by year

Senegal
Singapore
1x
Year GDP, current $
Senegal Singapore
2025 $37,006,536,238 $603,869,516,999
2024 $32,169,996,052 $572,877,260,178
2023 $30,696,331,296 $511,181,761,244
2022 $27,783,332,223 $514,252,535,239
2021 $27,520,784,130 $441,110,903,525
2020 $24,530,513,038 $351,226,533,656
2019 $23,403,995,992 $376,827,390,962
2018 $23,116,701,556 $377,976,367,877
2017 $20,965,069,573 $344,795,119,214
2016 $19,040,312,333 $320,759,207,439
2015 $17,774,766,696 $307,998,545,269
2014 $19,797,253,440 $314,863,580,758
2013 $18,918,667,725 $307,576,360,585
2012 $17,660,870,412 $295,092,888,077
2011 $17,814,283,639 $279,356,499,090
2010 $16,121,315,909 $239,807,980,591
2009 $16,145,867,495 $194,150,283,772
2008 $16,853,989,628 $193,617,323,539
2007 $13,994,218,413 $180,941,701,358
2006 $11,697,918,243 $148,627,286,361
2005 $11,009,033,438 $127,807,848,728
2004 $10,076,816,667 $115,033,593,101
2003 $8,768,721,563 $97,646,401,096
2002 $7,006,402,320 $92,538,372,870
2001 $6,507,824,829 $89,793,790,670
2000 $6,013,185,004 $96,076,539,926
1999 $6,592,834,933 $86,286,849,755
1998 $6,505,607,909 $85,728,207,782
1997 $6,041,478,726 $100,123,787,215
1996 $6,559,712,166 $96,293,086,513
1995 $6,326,342,633 $87,812,540,788
1994 $5,034,588,196 $73,688,724,431
1993 $7,367,986,241 $60,603,815,716
1992 $7,769,817,840 $52,131,320,033
1991 $7,255,210,470 $45,466,164,978
1990 $7,390,967,360 $36,144,336,769
1989 $6,366,039,373 $30,465,364,739
1988 $6,418,419,389 $25,371,462,488
1987 $6,487,353,103 $20,919,215,578
1986 $5,392,093,446 $18,586,746,057
1985 $3,818,944,918 $19,156,532,746
1984 $3,485,165,432 $19,749,361,098
1983 $3,569,356,125 $17,784,112,150
1982 $4,013,951,443 $16,084,252,378
1981 $4,095,892,781 $14,175,228,844
1980 $4,510,108,291 $11,896,256,783
1979 $4,084,877,823 $9,296,921,724
1978 $3,280,354,921 $7,517,176,355
1977 $2,938,046,463 $6,618,585,074
1976 $2,869,777,884 $6,327,077,974
1975 $2,830,388,405 $5,633,673,930
1974 $2,099,325,229 $5,221,534,956
1973 $1,863,398,590 $3,696,213,333
1972 $1,620,857,104 $2,721,440,981
1971 $1,339,549,033 $2,263,785,444
1970 $1,297,407,655 $1,920,574,150
1969 $1,245,234,931 $1,659,893,768
1968 $1,309,384,862 $1,425,706,091
1967 $1,246,480,766 $1,238,035,816
1966 $1,246,908,186 $1,096,425,608
1965 $1,210,058,228 $974,644,096
1964 $1,188,930,645 $894,153,311
1963 $1,122,139,862 $917,608,012
1962 $1,085,475,791 $826,239,212
1961 $1,058,975,257 $764,629,788
1960 $1,003,692,370 $704,751,700

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Senegal vs Singapore by year

Senegal
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Senegal Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,955 - $98,814 -
2024 $1,739 $5,071 $94,897 $150,689
2023 $1,698 $4,778 $86,383 $143,786
2022 $1,574 $4,530 $91,228 $143,095
2021 $1,598 $4,174 $80,885 $132,617
2020 $1,461 $3,753 $61,773 $101,518
2019 $1,431 $3,648 $66,069 $105,335
2018 $1,453 $3,380 $67,033 $103,963
2017 $1,355 $3,234 $61,436 $95,744
2016 $1,266 $3,101 $57,204 $89,902
2015 $1,218 $2,994 $55,646 $87,156
2014 $1,399 $2,854 $57,565 $84,555
2013 $1,380 $2,769 $56,967 $83,088
2012 $1,327 $2,764 $55,548 $82,108
2011 $1,375 $2,685 $53,891 $80,052
2010 $1,276 $2,663 $47,237 $75,401
2009 $1,309 $2,606 $38,927 $66,213
2008 $1,399 $2,581 $40,009 $67,735
2007 $1,189 $2,499 $39,433 $68,805
2006 $1,017 $2,422 $33,768 $64,061
2005 $980 $2,350 $29,961 $58,822
2004 $918 $2,236 $27,608 $54,384
2003 $818 $2,131 $23,730 $48,778
2002 $669 $2,027 $22,160 $45,083
2001 $637 $2,044 $21,700 $43,109
2000 $603 $1,963 $23,853 $43,781
1999 $678 $1,893 $21,797 $39,949
1998 $685 $1,798 $21,829 $37,560
1997 $651 $1,719 $26,376 $39,286
1996 $723 $1,679 $26,233 $36,873
1995 $715 $1,656 $24,915 $35,090
1994 $584 $1,578 $21,552 $33,058
1993 $878 $1,588 $18,290 $30,062
1992 $951 $1,573 $16,136 $27,022
1991 $913 $1,561 $14,502 $25,530
1990 $957 $1,513 $11,862 $23,815
1989 $849 - $10,395 -
1988 $880 - $8,914 -
1987 $916 - $7,539 -
1986 $784 - $6,800 -
1985 $571 - $7,002 -
1984 $536 - $7,228 -
1983 $564 - $6,633 -
1982 $652 - $6,078 -
1981 $683 - $5,597 -
1980 $772 - $4,928 -
1979 $716 - $3,901 -
1978 $589 - $3,194 -
1977 $540 - $2,846 -
1976 $541 - $2,759 -
1975 $547 - $2,490 -
1974 $417 - $2,342 -
1973 $381 - $1,685 -
1972 $342 - $1,264 -
1971 $291.1 - $1,071 -
1970 $290.5 - $926 -
1969 $287.3 - $813 -
1968 $311 - $709 -
1967 $305 - $626 -
1966 $315 - $567 -
1965 $314 - $517 -
1964 $318 - $486 -
1963 $309 - $511 -
1962 $307 - $472 -
1961 $308 - $449 -
1960 $300 - $428 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Senegal's GDP per capita is $1,955, ranking 160/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Senegal ranks 158th at $5,071, while Singapore ranks 2nd at $150,689.

Economic indicators

Senegal Singapore
Gross domestic product
$37B
2025
$604B
2025
GDP rank
107/197
2025
28/197
2025
GDP growth
6.68%
2024-2025
5.03%
2024-2025
GDP per capita
$1,955
2025
$98,814
2025
GDP per capita rank
160/197
2025
7/197
2025
GDP per capita, PPP
$5,071
2024
$150,689
2024
GDP per capita PPP rank
158/197
2024
2/197
2024
Government debt
$48.2B
2025
$1.03T
2025
Debt-to-GDP ratio
130.2%
2025
171.3%
2025
Government debt per person
$2,544
2025
$169,228
2025
Government debt per person rank
112/185
2025
1/185
2025
Average annual personal income after taxes
$1,979
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
2026
Income share by richest 10%
28.8%
2021
n/a
Income share by poorest 10%
3%
2021
n/a
Government expenditure, % of GDP
29.2%
2025
15.5%
2025
Consumer prices inflation
1.46%
2024-2025
0.9%
2024-2025
Unemployment rate
5.78%
2024
3.26%
2025
Population
19596169
6167445

Spending and national debt comparison by year

Senegal
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Senegal Singapore
Government spending Government debt Government spending Government debt
2025 29.2% 130.2% 15.5% 171.3%
2024 33.5% 132.4% 14.3% 166%
2023 35.5% 118.4% 14.6% 170.4%
2022 36.1% 104.7% 14.9% 153.3%
2021 33.7% 98.7% 15.4% 139.9%
2020 29.6% 90.1% 24% 147.1%
2019 34.3% 81.5% 14% 127.7%
2018 22.6% 61.5% 13.9% 109.2%
2017 22.5% 61.1% 13.6% 107.3%
2016 24% 47.5% 15.2% 105.9%
2015 22.9% 44.5% 14.4% 102.1%
2014 23.1% 42.4% 12.6% 97.7%
2013 22.1% 36.9% 10.9% 98.2%
2012 23% 34.5% 9.83% 106.7%
2011 23.3% 32.9% 9.66% 103.1%
2010 21.7% 34.6% 10.2% 98.7%
2009 21.1% 29.9% 15.9% 101.7%
2008 20.9% 19.1% 14% 97.9%
2007 22.2% 19% 9.01% 87.8%
2006 21.3% 17.5% 12.3% 86.5%
2005 18.7% 36.1% 12.4% 92.7%
2004 18.1% 38% 14.1% 95.7%
2003 17.1% 42.9% 15.6% 99.1%
2002 15.5% 52% 15.9% 96.3%
2001 15.7% 53.2% 18.2% 94.5%
2000 14% 57.5% 16.1% 82.3%
1999 14.6% 15% 15.9% 85.3%
1998 13.5% 18.8% 18.1% 84.6%
1997 14.1% 67.8% 14.5% 70.8%
1996 15.4% 0.07% 18.1% 71.3%
1995 14.4% 65.3% 13.8% 69.8%
1994 15.9% 77.3% 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-07-08).

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

In 2025, Senegal's government spending was $10.8B, accounting for 29.2% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 130.2% in Senegal and 171.3% in Singapore, ranking 10/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Senegal

Singapore
1x
Year Deficit/surplus, % of GDP
Senegal Singapore
2025 -7.9% 4.16%
2024 -13.4% 3.79%
2023 -14.8% 3.42%
2022 -16.1% 1.2%
2021 -13.7% 1.11%
2020 -9.62% -6.68%
2019 -13.9% 3.76%
2018 -3.66% 3.67%
2017 -2.97% 5.23%
2016 -3.27% 3.24%
2015 -3.66% 2.86%
2014 -3.9% 4.6%
2013 -4.34% 5.96%
2012 -4.18% 7.34%
2011 -4.92% 7.96%
2010 -3.94% 5.68%
2009 -3.66% -0.09%
2008 -3.53% 3.59%
2007 -2.8% 7.12%
2006 -3.67% 2.16%
2005 -0.26% 2.56%
2004 0.18% 2.06%
2003 -0.52% 0.68%
2002 0.19% 2.23%
2001 -1.44% 1.2%
2000 0.78% 4.59%
1999 -0.62% 5.2%
1998 0.93% 2.41%
1997 0.98% 5.66%
1996 0.92% 1.98%
1995 2.41% 4.8%
1994 5.9% 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Senegal's government deficit, the difference between spending and revenue, was $2.92B, equivalent to 7.9% of GDP. This compares to Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 32 years, Senegal recorded a fiscal deficit in 24 of those years, while Singapore ran a deficit in 2 years. On average, Senegal posted an annual deficit equal to 4.01% of GDP, compared to surplus of 3.48% of GDP for Singapore.

Inflation comparison by year

Inflation
Senegal

Singapore
1x
Year Consumer prices inflation
Senegal Singapore
2025 1.46% 0.9%
2024 0.8% 2.39%
2023 5.94% 4.83%
2022 9.7% 6.13%
2021 2.18% 2.32%
2020 2.54% -0.17%
2019 1.76% 0.57%
2018 0.46% 0.44%
2017 1.32% 0.58%
2016 0.84% -0.53%
2015 0.14% -0.52%
2014 -1.09% 1.03%
2013 0.71% 2.36%
2012 1.42% 4.58%
2011 3.4% 5.25%
2010 1.23% 2.83%
2009 -2.25% 0.59%
2008 7.35% 6.64%
2007 5.85% 2.11%
2006 2.11% 0.97%
2005 1.71% 0.43%
2004 0.51% 1.66%
2003 -0.05% 0.51%
2002 2.34% -0.39%
2001 2.97% 1%
2000 0.73% 1.36%
1999 0.83% 0.02%
1998 1.16% -0.27%
1997 1.75% 2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Senegal has recorded an average annual inflation rate of 1.99%, compared with 1.71% in Singapore. In 2025, inflation was 1.46% in Senegal and 0.9% in Singapore.

Top exports between countries

Senegal
Export category Export value
Raw agricultural goods $7.72M
Raw materials & minerals $2.37M
Metals $578K
Machinery & equipment $239K
Chemicals & pharma $62K
Animal & marine products $4K
Textiles & consumer goods $2K
Singapore
Export category Export value
Raw materials & minerals $4.89M
Machinery & equipment $2.72M
Chemicals & pharma $1.79M
Miscellaneous $1.07M
Processed food, beverages & tobacco $615K
Textiles & consumer goods $317K
Wood & paper products $263K
Raw agricultural goods $211K
Metals $146K
Animal & marine products $111K

Balance of trade

Senegal Singapore
Current account balance
-$6.07B
2023
$101B
2025
Current account balance ranking
168/190
2023
8/190
2025
Current account balance, % of GDP
-19.8%
2023
+16.7%
2025
Goods imports
$10.8B
2023
$475B
2025
Goods exports
$5.52B
2023
$652B
2025
Service imports
$4.08B
2023
$385B
2025
Service exports
$1.48B
2023
$422B
2025
Imports of goods and services, % of GDP
38.6%
2025
142.5%
2025
Exports of goods and services, % of GDP
32.5%
2025
177.9%
2025

Economic freedom indices

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

Senegal Singapore
Economic freedom 53.2 84.4
Economic freedom ranking 140/197 1/197
Property rights 57.4 89.2
Government integrity 47.3 86.1
Judicial effectiveness 50.5 58.3
Tax burden 68.8 89.5
Government spending 63.1 93.4
Fiscal health 0 80
Business freedom 55.2 90.6
Labor freedom 54.4 77
Monetary freedom 74.3 83.5
Trade freedom 67 95
Investment freedom 60 90
Financial freedom 40 80

Economic freedom comparison by year

Senegal
Singapore
1x
Year Economic freedom index
Senegal Singapore
2026 53.2 84.4
2025 56.4 84.1
2024 55.4 83.5
2023 57.7 83.9
2022 60 84.4
2021 58 89.7
2020 58 89.4
2019 56.3 89.4
2018 55.7 88.8
2017 55.9 88.6
2016 58.1 87.8
2015 57.8 89.4
2014 55.4 89.4
2013 55.5 88
2012 55.4 87.5
2011 55.7 87.2
2010 54.6 86.1
2009 56.3 87.1
2008 58.3 87.3
2007 58.1 87.1
2006 56.2 88
2005 57.9 88.6
2004 58.9 88.9
2003 58.1 88.2
2002 58.6 87.4
2001 58.7 87.8
2000 58.9 87.7
1999 60.6 86.9
1998 59.7 87
1997 58.1 87.3
1996 58.2 86.5
1995 - 86.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Senegal is 53.2, ranking 140/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Senegal Singapore
Services, % of GDP
46.3%
2025
71.6%
2025
Industry, % of GDP
26.1%
2025
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
17.1%
2025
0.02%
2025
GNI, Atlas method
$33.6B
2025
$500B
2025
GNI per capita, PPP
$5,100
2025
$135,750
2025
Total reserves including gold n/a
$432B
2025
Total reserves ranking n/a
11/177
2025
Net foreign direct investment
-$4.72B
2023
-$64.9B
2025
Net inflows of foreign direct investment
$2.02B
2024
$135B
2024
Net outflows of foreign direct investment
$48.1M
2024
$63.6B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
37.5%
2021
n/a
Gross capital formation, % of GDP
26.9%
2025
22.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.