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Economy of Senegal vs Slovenia compared: GDP & Debt

Updated on by Georank team

Senegal has a GDP of $32.8B compared to $73B for Slovenia, ranking 109/197 and 86/197 by economy size, respectively.

Senegal has $42.1B in government debt (128.4% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Senegal vs Slovenia GDP by year

Senegal
Slovenia
1x
Year GDP, current $
Senegal Slovenia
2024 $32,808,056,601 $72,972,015,197
2023 $30,696,331,296 $69,255,264,238
2022 $27,783,332,223 $59,899,117,741
2021 $27,520,784,130 $61,540,813,362
2020 $24,530,513,038 $53,384,760,135
2019 $23,403,995,992 $53,909,922,736
2018 $23,116,701,556 $53,689,067,640
2017 $20,996,562,944 $48,153,200,135
2016 $19,040,312,333 $44,290,685,824
2015 $17,774,766,696 $42,709,468,275
2014 $19,797,253,440 $49,514,466,380
2013 $18,918,667,725 $47,867,056,859
2012 $17,660,870,412 $46,167,053,954
2011 $17,814,283,639 $51,199,194,599
2010 $16,121,315,909 $47,793,117,241
2009 $16,145,867,495 $49,975,540,955
2008 $16,853,989,628 $55,509,332,322
2007 $13,994,218,413 $47,880,266,543
2006 $11,697,918,243 $39,260,368,837
2005 $11,009,033,438 $35,947,936,824
2004 $10,076,816,667 $34,156,553,313
2003 $8,768,721,563 $29,360,575,032
2002 $7,006,402,320 $23,214,593,516
2001 $6,507,824,829 $20,668,868,707
2000 $6,013,185,004 $20,159,190,702
1999 $6,592,834,933 $22,609,669,084
1998 $6,505,607,909 $22,058,635,314
1997 $6,041,478,726 $20,726,878,752
1996 $6,559,712,166 $21,470,699,363
1995 $6,326,342,633 $21,367,422,159
1994 $5,034,588,196 $16,400,767,070
1993 $7,367,986,241 $14,449,298,372
1992 $7,769,817,840 $14,277,261,541
1991 $7,255,210,470 $14,454,495,059
1990 $7,390,967,360 $19,832,029,087
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Senegal vs Slovenia by year

Senegal
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Senegal Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,773 $5,071 $34,301 $57,186
2023 $1,698 $4,778 $32,660 $56,064
2022 $1,574 $4,530 $28,360 $52,347
2021 $1,598 $4,174 $29,193 $45,914
2020 $1,461 $3,753 $25,392 $41,767
2019 $1,431 $3,648 $25,814 $42,373
2018 $1,453 $3,380 $25,888 $38,620
2017 $1,357 $3,234 $23,303 $36,180
2016 $1,266 $3,101 $21,448 $33,575
2015 $1,218 $2,994 $20,697 $31,336
2014 $1,399 $2,854 $24,013 $30,572
2013 $1,380 $2,769 $23,237 $29,634
2012 $1,327 $2,764 $22,442 $28,787
2011 $1,375 $2,685 $24,941 $28,716
2010 $1,276 $2,663 $23,330 $27,579
2009 $1,309 $2,606 $24,502 $27,229
2008 $1,399 $2,581 $27,462 $29,461
2007 $1,189 $2,499 $23,725 $27,468
2006 $1,017 $2,422 $19,563 $25,571
2005 $980 $2,350 $17,970 $23,682
2004 $918 $2,236 $17,104 $22,588
2003 $818 $2,131 $14,712 $20,916
2002 $669 $2,027 $11,639 $20,004
2001 $637 $2,044 $10,376 $18,763
2000 $603 $1,963 $10,136 $17,892
1999 $678 $1,893 $11,401 $17,007
1998 $685 $1,798 $11,132 $15,994
1997 $651 $1,719 $10,437 $15,257
1996 $723 $1,679 $10,797 $14,284
1995 $715 $1,656 $10,738 $13,637
1994 $584 $1,578 $8,244 $13,975
1993 $878 $1,588 $7,255 $12,976
1992 $951 $1,573 $7,151 $12,296
1991 $913 $1,561 $7,229 $12,698
1990 $957 $1,513 $9,925 $13,491
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 (1960–2024, retrieved 2026-04-06).

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

Senegal's GDP per capita is $1,773, ranking 159/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Senegal ranks 158th at $5,071, while Slovenia ranks 37th at $57,186.

Economic indicators

Senegal Slovenia
Gross domestic product
$32.8B
2024
$73B
2024
GDP rank
109/197
2024
86/197
2024
GDP growth
6.06%
2023-2024
1.73%
2023-2024
GDP per capita
$1,773
2024
$34,301
2024
GDP per capita rank
159/197
2024
34/197
2024
GDP per capita, PPP
$5,071
2024
$57,186
2024
GDP per capita PPP rank
158/197
2024
37/197
2024
Government debt
$42.1B
2024
$48.6B
2024
Debt-to-GDP ratio
128.4%
2024
66.6%
2024
Government debt per person
$2,277
2024
$22,842
2024
Government debt per person rank
115/185
2024
29/185
2024
Average annual personal income after taxes
$2,194
2026
$22,215
2026
Market capitalization of domestic companies n/a
$11.4B
2024
Income share by richest 10%
28.8%
2021
20.6%
2023
Income share by poorest 10%
3%
2021
4.1%
2023
Government expenditure, % of GDP
33.5%
2024
46.5%
2024
Consumer prices inflation
0.8%
2023-2024
1.97%
2023-2024
Unemployment rate
5.78%
2024
3.7%
2024
Population
19491599
2124138

Spending and national debt comparison by year

Senegal
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Senegal Slovenia
Government spending Government debt Government spending Government debt
2024 33.5% 128.4% 46.5% 66.6%
2023 35.5% 118.4% 46.4% 68.3%
2022 36.2% 105% 47.7% 72.8%
2021 33.6% 98.6% 49.9% 74.8%
2020 29.6% 90.2% 51.8% 80.2%
2019 34.3% 81.5% 43.8% 66%
2018 22.6% 61.5% 44.1% 71%
2017 22.5% 61.1% 44.6% 74.9%
2016 24% 47.5% 46.9% 79.4%
2015 22.9% 44.5% 49.5% 83.4%
2014 23.1% 42.4% 50.6% 81.1%
2013 22.1% 36.9% 57.7% 70.8%
2012 23% 34.5% 50% 54.1%
2011 23.3% 32.9% 51.4% 46.8%
2010 21.7% 34.6% 50.7% 38.6%
2009 21.1% 29.9% 50% 34.9%
2008 20.9% 19.1% 45.2% 21.9%
2007 22.2% 19% 43.5% 22.9%
2006 21.3% 17.5% 45.7% 26.2%
2005 18.7% 36.1% 46.7% 26.6%
2004 18.1% 38% 46.9% 27.1%
2003 17.1% 42.9% 47.6% 27%
2002 15.5% 52% 47.8% 27.7%
2001 15.7% 53.2% 49.2% 26.3%
2000 14% 57.5% 47.8% 26.1%
1999 14.6% 15% 47.2% 23.8%
1998 13.5% 18.8% 46.4% 22.8%
1997 14.1% 67.8% 45.4% 22.1%
1996 15.4% 0.07% 45.2% 21.6%
1995 14.4% 65.3% 53% 18.2%
1994 15.9% 77.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20).

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

In 2024, Senegal's government spending was $11B, accounting for 33.5% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 128.4% in Senegal and 66.6% in Slovenia, ranking 11/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Senegal

Slovenia
1x
Year Deficit/surplus, % of GDP
Senegal Slovenia
2024 -13.4% -0.93%
2023 -14.8% -2.59%
2022 -16.1% -3.02%
2021 -13.7% -4.61%
2020 -9.64% -7.68%
2019 -13.9% 0.68%
2018 -3.66% 0.9%
2017 -2.97% 0.05%
2016 -3.27% -2%
2015 -3.66% -2.84%
2014 -3.9% -4.53%
2013 -4.34% -11.2%
2012 -4.18% -4.2%
2011 -4.92% -6.69%
2010 -3.94% -5.56%
2009 -3.66% -5.87%
2008 -3.53% -1.44%
2007 -2.8% -0.08%
2006 -3.67% -1.26%
2005 -0.26% -1.38%
2004 0.18% -1.98%
2003 -0.52% -2.66%
2002 0.19% -2.47%
2001 -1.44% -4.58%
2000 0.78% -3.77%
1999 -0.62% -3.04%
1998 0.93% -2.39%
1997 0.98% -2.37%
1996 0.92% -1.16%
1995 2.41% -8.19%
1994 5.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

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

In 2024, Senegal's government deficit, the difference between spending and revenue, was $4.4B, equivalent to 13.4% of GDP. This compares to Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Senegal recorded a fiscal deficit in 23 of those years, while Slovenia ran a deficit in 27 years. On average, Senegal posted an annual deficit equal to 4.22% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Senegal

Slovenia
1x
Year Consumer prices inflation
Senegal Slovenia
2024 0.8% 1.97%
2023 5.94% 7.45%
2022 9.7% 8.83%
2021 2.18% 1.92%
2020 2.54% -0.05%
2019 1.76% 1.63%
2018 0.46% 1.74%
2017 1.32% 1.43%
2016 0.84% -0.05%
2015 0.14% -0.53%
2014 -1.09% 0.2%
2013 0.71% 1.77%
2012 1.42% 2.6%
2011 3.4% 1.8%
2010 1.23% 1.8%
2009 -2.25% 0.84%
2008 7.35% 5.65%
2007 5.85% 3.66%
2006 2.11% 2.46%
2005 1.71% 2.45%
2004 0.51% 3.59%
2003 -0.05% 5.54%
2002 2.34% 7.48%
2001 2.97% 8.38%
2000 0.73% 8.91%
1999 0.83% 6.16%
1998 1.16% 7.89%
1997 1.75% 8.36%

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

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

Over the past 28 years, Senegal has recorded an average annual inflation rate of 2.01%, compared with 3.71% in Slovenia. In 2024, inflation was 0.8% in Senegal and 1.97% in Slovenia.

Top exports between countries

Senegal
Export category Export value
Processed food, beverages & tobacco $56K
Chemicals & pharma $48K
Machinery & equipment $4K
Slovenia
Export category Export value
Wood & paper products $2.72M
Precious metals & jewellery $535K
Chemicals & pharma $322K
Machinery & equipment $225K
Metals $47K
Raw materials & minerals $43K
Textiles & consumer goods $33K
Processed food, beverages & tobacco $18K

Balance of trade

Senegal Slovenia
Current account balance
-$6.07B
2023
$3.32B
2024
Current account balance ranking
170/190
2023
37/190
2024
Current account balance, % of GDP
-19.8%
2023
+4.55%
2024
Goods imports
$10.8B
2023
$45.2B
2024
Goods exports
$5.52B
2023
$45.6B
2024
Service imports
$4.08B
2023
$9.52B
2024
Service exports
$1.48B
2023
$13.6B
2024
Imports of goods and services, % of GDP
43.4%
2024
74.7%
2024
Exports of goods and services, % of GDP
24.7%
2024
80.9%
2024

Economic freedom indices

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

Senegal Slovenia
Economic freedom 53.2 69.7
Economic freedom ranking 140/197 40/197
Property rights 57.4 87.6
Government integrity 47.3 66.1
Judicial effectiveness 50.5 91.6
Tax burden 68.8 55.5
Government spending 63.1 34.1
Fiscal health 0 83.5
Business freedom 55.2 78.7
Labor freedom 54.4 62.7
Monetary freedom 74.3 77.5
Trade freedom 67 79.4
Investment freedom 60 70
Financial freedom 40 50

Economic freedom comparison by year

Senegal
Slovenia
1x
Year Economic freedom index
Senegal Slovenia
2026 53.2 69.7
2025 56.4 68.3
2024 55.4 65.9
2023 57.7 68.5
2022 60 70.5
2021 58 68.3
2020 58 67.8
2019 56.3 65.5
2018 55.7 64.8
2017 55.9 59.2
2016 58.1 60.6
2015 57.8 60.3
2014 55.4 62.7
2013 55.5 61.7
2012 55.4 62.9
2011 55.7 64.6
2010 54.6 64.7
2009 56.3 62.9
2008 58.3 60.2
2007 58.1 59.6
2006 56.2 61.9
2005 57.9 59.6
2004 58.9 59.2
2003 58.1 57.7
2002 58.6 57.8
2001 58.7 61.8
2000 58.9 58.3
1999 60.6 61.3
1998 59.7 60.7
1997 58.1 55.6
1996 58.2 50.4

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

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

The Economic Freedom Index for Senegal is 53.2, ranking 140/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Senegal Slovenia
Services, % of GDP
48.4%
2024
57.9%
2024
Industry, % of GDP
25%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
16.6%
2024
1.54%
2024
GNI, Atlas method
$31.1B
2024
$67.6B
2024
GNI per capita, PPP
$4,920
2024
$56,520
2024
Total reserves including gold n/a
$2.83B
2024
Total reserves ranking n/a
118/177
2024
Net foreign direct investment
-$4.72B
2023
-$405M
2024
Net inflows of foreign direct investment
$2.02B
2024
$1.87B
2024
Net outflows of foreign direct investment
$48.1M
2024
$1.46B
2024
Servicing debt to the IMF, % of GNI
10.8%
2024
n/a
Poverty at national poverty lines
37.5%
2021
12.7%
2022
Gross capital formation, % of GDP
37.5%
2024
21.5%
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/senegal/slovenia | 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 (1994–2024, 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.