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Economy of Senegal vs Slovakia compared: GDP & Debt

Updated on by Georank

Senegal has a GDP of $37B compared to $155B for Slovakia, ranking 107/197 and 60/197 by economy size, respectively.

Senegal has $48.2B in government debt (130.2% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Senegal vs Slovakia GDP by year

Senegal
Slovakia
1x
Year GDP, current $
Senegal Slovakia
2025 $37,006,536,238 $154,530,066,507
2024 $32,169,996,052 $140,934,076,532
2023 $30,696,331,296 $133,578,518,424
2022 $27,783,332,223 $115,792,972,358
2021 $27,520,784,130 $120,511,265,913
2020 $24,530,513,038 $107,732,602,896
2019 $23,403,995,992 $105,843,498,304
2018 $23,116,701,556 $106,611,673,365
2017 $20,965,069,573 $95,978,130,735
2016 $19,040,312,333 $90,347,173,229
2015 $17,774,766,696 $89,178,548,717
2014 $19,797,253,440 $101,713,075,599
2013 $18,918,667,725 $99,134,277,850
2012 $17,660,870,412 $94,724,394,278
2011 $17,814,283,639 $99,705,104,723
2010 $16,121,315,909 $91,112,160,801
2009 $16,145,867,495 $89,342,984,698
2008 $16,853,989,628 $96,685,492,864
2007 $13,994,218,413 $77,019,443,089
2006 $11,697,918,243 $57,111,148,619
2005 $11,009,033,438 $48,823,790,951
2004 $10,076,816,667 $42,960,730,480
2003 $8,768,721,563 $33,761,723,946
2002 $7,006,402,320 $24,768,142,566
2001 $6,507,824,829 $21,377,597,035
2000 $6,013,185,004 $20,626,538,612
1999 $6,592,834,933 $20,813,421,086
1998 $6,505,607,909 $22,911,708,405
1997 $6,041,478,726 $22,026,728,498
1996 $6,559,712,166 $21,864,845,214
1995 $6,326,342,633 $20,306,095,054
1994 $5,034,588,196 $16,187,735,322
1993 $7,367,986,241 $13,991,963,247
1992 $7,769,817,840 $12,932,972,789
1991 $7,255,210,470 $11,952,983,608
1990 $7,390,967,360 $17,068,924,602
1989 $6,366,039,373 -
1988 $6,418,419,389 -
1987 $6,487,353,103 -
1986 $5,392,093,446 -
1985 $3,818,944,918 -
1984 $3,485,165,432 -
1983 $3,569,356,125 -
1982 $4,013,951,443 -
1981 $4,095,892,781 -
1980 $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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Senegal vs Slovakia by year

Senegal
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Senegal Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,955 - $28,544 -
2024 $1,739 $5,071 $25,993 $48,132
2023 $1,698 $4,778 $24,615 $45,974
2022 $1,574 $4,530 $21,318 $41,562
2021 $1,598 $4,174 $22,123 $38,346
2020 $1,461 $3,753 $19,735 $35,328
2019 $1,431 $3,648 $19,406 $33,986
2018 $1,453 $3,380 $19,573 $31,510
2017 $1,355 $3,234 $17,646 $30,246
2016 $1,266 $3,101 $16,636 $29,868
2015 $1,218 $2,994 $16,442 $30,148
2014 $1,399 $2,854 $18,771 $29,108
2013 $1,380 $2,769 $18,313 $28,075
2012 $1,327 $2,764 $17,517 $27,023
2011 $1,375 $2,685 $18,469 $26,202
2010 $1,276 $2,663 $16,899 $25,382
2009 $1,309 $2,606 $16,587 $23,077
2008 $1,399 $2,581 $17,974 $23,714
2007 $1,189 $2,499 $14,330 $21,232
2006 $1,017 $2,422 $10,629 $18,906
2005 $980 $2,350 $9,087 $16,570
2004 $918 $2,236 $7,997 $15,166
2003 $818 $2,131 $6,283 $14,088
2002 $669 $2,027 $4,606 $13,292
2001 $637 $2,044 $3,974 $12,367
2000 $603 $1,963 $3,828 $11,370
1999 $678 $1,893 $3,857 $10,726
1998 $685 $1,798 $4,250 $10,666
1997 $651 $1,719 $4,092 $10,137
1996 $723 $1,679 $4,069 $9,500
1995 $715 $1,656 $3,787 $8,812
1994 $584 $1,578 $3,028 $8,178
1993 $878 $1,588 $2,627 $7,569
1992 $951 $1,573 $2,438 $7,270
1991 $913 $1,561 $2,254 $7,623
1990 $957 $1,513 $3,221 $8,638
1989 $849 - - -
1988 $880 - - -
1987 $916 - - -
1986 $784 - - -
1985 $571 - - -
1984 $536 - - -
1983 $564 - - -
1982 $652 - - -
1981 $683 - - -
1980 $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 (1960–2025, retrieved 2026-07-08).

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

Senegal's GDP per capita is $1,955, ranking 160/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Senegal ranks 158th at $5,071, while Slovakia ranks 49th at $48,132.

Economic indicators

Senegal Slovakia
Gross domestic product
$37B
2025
$155B
2025
GDP rank
107/197
2025
60/197
2025
GDP growth
6.68%
2024-2025
0.81%
2024-2025
GDP per capita
$1,955
2025
$28,544
2025
GDP per capita rank
160/197
2025
46/197
2025
GDP per capita, PPP
$5,071
2024
$48,132
2024
GDP per capita PPP rank
158/197
2024
49/197
2024
Government debt
$48.2B
2025
$95.3B
2025
Debt-to-GDP ratio
130.2%
2025
61.6%
2025
Government debt per person
$2,544
2025
$17,597
2025
Government debt per person rank
112/185
2025
36/185
2025
Average annual personal income after taxes
$1,979
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
28.8%
2021
18.8%
2023
Income share by poorest 10%
3%
2021
3.3%
2023
Government expenditure, % of GDP
29.2%
2025
48.7%
2025
Consumer prices inflation
1.46%
2024-2025
4%
2024-2025
Unemployment rate
5.78%
2024
5.4%
2025
Population
19596169
5376239

Spending and national debt comparison by year

Senegal
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Senegal Slovakia
Government spending Government debt Government spending Government debt
2025 29.2% 130.2% 48.7% 61.6%
2024 33.5% 132.4% 47.5% 59.7%
2023 35.5% 118.4% 48.2% 55.8%
2022 36.1% 104.7% 43.1% 57.8%
2021 33.7% 98.7% 44.8% 60.2%
2020 29.6% 90.1% 44.5% 58.4%
2019 34.3% 81.5% 40.6% 48%
2018 22.6% 61.5% 39.7% 49.3%
2017 22.5% 61.1% 39.8% 51.4%
2016 24% 47.5% 40.9% 52.1%
2015 22.9% 44.5% 44.1% 51.6%
2014 23.1% 42.4% 42% 53.4%
2013 22.1% 36.9% 41.1% 54.6%
2012 23% 34.5% 40% 51.7%
2011 23.3% 32.9% 40.8% 43.3%
2010 21.7% 34.6% 41% 40.7%
2009 21.1% 29.9% 43.2% 36.4%
2008 20.9% 19.1% 36.5% 28.6%
2007 22.2% 19% 35.9% 30.4%
2006 21.3% 17.5% 38.2% 31.5%
2005 18.7% 36.1% 39.1% 35%
2004 18.1% 38% 38.4% 42%
2003 17.1% 42.9% 40% 43.6%
2002 15.5% 52% 46% 45.6%
2001 15.7% 53.2% 46.2% 51.4%
2000 14% 57.5% 53.2% 50.6%
1999 14.6% 15% 48.4% 47.1%
1998 13.5% 18.8% 46.2% 33.9%
1997 14.1% 67.8% 48.6% 32.8%
1996 15.4% 0.07% 52.8% 30.3%
1995 14.4% 65.3% 47.8% 21.3%
1994 15.9% 77.3% - -

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

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

In 2025, Senegal's government spending was $10.8B, accounting for 29.2% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 130.2% in Senegal and 61.6% in Slovakia, ranking 10/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Senegal

Slovakia
1x
Year Deficit/surplus, % of GDP
Senegal Slovakia
2025 -7.9% -5.02%
2024 -13.4% -5.5%
2023 -14.8% -5.3%
2022 -16.1% -1.56%
2021 -13.7% -5.09%
2020 -9.62% -5.3%
2019 -13.9% -1.21%
2018 -3.66% -1.01%
2017 -2.97% -0.98%
2016 -3.27% -2.59%
2015 -3.66% -2.78%
2014 -3.9% -3.25%
2013 -4.34% -2.86%
2012 -4.18% -4.37%
2011 -4.92% -4.36%
2010 -3.94% -7.44%
2009 -3.66% -8.18%
2008 -3.53% -2.54%
2007 -2.8% -2.26%
2006 -3.67% -3.57%
2005 -0.26% -2.86%
2004 0.18% -2.36%
2003 -0.52% -2.28%
2002 0.19% -8.35%
2001 -1.44% -7.74%
2000 0.78% -12.7%
1999 -0.62% -7.25%
1998 0.93% -5.37%
1997 0.98% -6.24%
1996 0.92% -9.72%
1995 2.41% -3.43%
1994 5.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/senegal/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Senegal recorded a fiscal deficit in 24 of those years, while Slovakia ran a deficit in 31 years. On average, Senegal posted an annual deficit equal to 4.33% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Senegal

Slovakia
1x
Year Consumer prices inflation
Senegal Slovakia
2025 1.46% 4%
2024 0.8% 2.76%
2023 5.94% 10.5%
2022 9.7% 12.8%
2021 2.18% 3.15%
2020 2.54% 1.94%
2019 1.76% 2.66%
2018 0.46% 2.51%
2017 1.32% 1.31%
2016 0.84% -0.52%
2015 0.14% -0.33%
2014 -1.09% -0.08%
2013 0.71% 1.4%
2012 1.42% 3.61%
2011 3.4% 3.92%
2010 1.23% 0.96%
2009 -2.25% 1.62%
2008 7.35% 4.6%
2007 5.85% 2.76%
2006 2.11% 4.48%
2005 1.71% 2.71%
2004 0.51% 7.55%
2003 -0.05% 8.55%
2002 2.34% 3.13%
2001 2.97% 7.33%
2000 0.73% 12%
1999 0.83% 10.6%
1998 1.16% 6.67%
1997 1.75% 6.14%

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

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

Over the past 29 years, Senegal has recorded an average annual inflation rate of 1.99%, compared with 4.44% in Slovakia. In 2025, inflation was 1.46% in Senegal and 4% in Slovakia.

Top exports between countries

Senegal
Export category Export value
Machinery & equipment $111K
Animal & marine products $3K
Metals $2K
Slovakia
Export category Export value
Machinery & equipment $2.6M
Textiles & consumer goods $1.12M
Processed food, beverages & tobacco $766K
Raw materials & minerals $209K
Animal & marine products $44K
Raw agricultural goods $34K
Metals $21K
Chemicals & pharma $10K
Wood & paper products $4K
Precious metals & jewellery $1K

Balance of trade

Senegal Slovakia
Current account balance
-$6.07B
2023
-$5.6B
2025
Current account balance ranking
168/190
2023
165/190
2025
Current account balance, % of GDP
-19.8%
2023
-3.63%
2025
Goods imports
$10.8B
2023
$117B
2025
Goods exports
$5.52B
2023
$117B
2025
Service imports
$4.08B
2023
$14.3B
2025
Service exports
$1.48B
2023
$14.7B
2025
Imports of goods and services, % of GDP
38.6%
2025
85.2%
2025
Exports of goods and services, % of GDP
32.5%
2025
85.1%
2025

Economic freedom indices

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

Senegal Slovakia
Economic freedom 53.2 67.7
Economic freedom ranking 140/197 54/197
Property rights 57.4 82.6
Government integrity 47.3 57.2
Judicial effectiveness 50.5 70.5
Tax burden 68.8 75.4
Government spending 63.1 36.4
Fiscal health 0 69.6
Business freedom 55.2 71.1
Labor freedom 54.4 55.1
Monetary freedom 74.3 69.7
Trade freedom 67 79.4
Investment freedom 60 75
Financial freedom 40 70

Economic freedom comparison by year

Senegal
Slovakia
1x
Year Economic freedom index
Senegal Slovakia
2026 53.2 67.7
2025 56.4 68.4
2024 55.4 68.1
2023 57.7 69
2022 60 69.7
2021 58 66.3
2020 58 66.8
2019 56.3 65
2018 55.7 65.3
2017 55.9 65.7
2016 58.1 66.6
2015 57.8 67.2
2014 55.4 66.4
2013 55.5 68.7
2012 55.4 67
2011 55.7 69.5
2010 54.6 69.7
2009 56.3 69.4
2008 58.3 70
2007 58.1 69.6
2006 56.2 69.8
2005 57.9 66.8
2004 58.9 64.6
2003 58.1 59
2002 58.6 59.8
2001 58.7 58.5
2000 58.9 53.8
1999 60.6 54.2
1998 59.7 57.5
1997 58.1 55.5
1996 58.2 57.6
1995 - 60.4

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

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

The Economic Freedom Index for Senegal is 53.2, ranking 140/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Senegal Slovakia
Services, % of GDP
46.3%
2025
59.8%
2025
Industry, % of GDP
26.1%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
17.1%
2025
1.59%
2025
GNI, Atlas method
$33.6B
2025
$143B
2025
GNI per capita, PPP
$5,100
2025
$47,920
2025
Total reserves including gold n/a
$18.2B
2025
Total reserves ranking n/a
69/177
2025
Net foreign direct investment
-$4.72B
2023
-$198M
2025
Net inflows of foreign direct investment
$2.02B
2024
$5.01B
2024
Net outflows of foreign direct investment
$48.1M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
37.5%
2021
13.7%
2021
Gross capital formation, % of GDP
26.9%
2025
20.1%
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/slovakia | 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 (1994–2025, 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 (2021–2025, 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.