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Economy of Senegal vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Senegal has a GDP of $37B compared to $1.75B for the Solomon Islands, ranking 107/197 and 183/197 by economy size, respectively.

Senegal has $48.2B in government debt (130.2% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Senegal vs Solomon Islands GDP by year

Senegal
Solomon Islands
1x
Year GDP, current $
Senegal Solomon Islands
2025 $37,006,536,238 $1,749,572,443
2024 $32,169,996,052 $1,583,964,704
2023 $30,696,331,296 $1,506,124,566
2022 $27,783,332,223 $1,466,670,930
2021 $27,520,784,130 $1,558,312,104
2020 $24,530,513,038 $1,536,143,428
2019 $23,403,995,992 $1,619,150,564
2018 $23,116,701,556 $1,615,473,250
2017 $20,965,069,573 $1,469,790,526
2016 $19,040,312,333 $1,379,486,291
2015 $17,774,766,696 $1,307,908,814
2014 $19,797,253,440 $1,335,576,763
2013 $18,918,667,725 $1,285,905,958
2012 $17,660,870,412 $1,185,217,634
2011 $17,814,283,639 $1,063,898,227
2010 $16,121,315,909 $898,128,551
2009 $16,145,867,495 $805,557,289
2008 $16,853,989,628 $776,335,523
2007 $13,994,218,413 $695,291,218
2006 $11,697,918,243 $617,257,458
2005 $11,009,033,438 $552,881,357
2004 $10,076,816,667 $468,000,121
2003 $8,768,721,563 $417,666,639
2002 $7,006,402,320 $346,406,739
2001 $6,507,824,829 $409,508,553
2000 $6,013,185,004 $419,842,674
1999 $6,592,834,933 $488,024,514
1998 $6,505,607,909 $457,579,840
1997 $6,041,478,726 $526,554,006
1996 $6,559,712,166 $510,586,430
1995 $6,326,342,633 $469,443,202
1994 $5,034,588,196 $402,837,005
1993 $7,367,986,241 $300,746,361
1992 $7,769,817,840 $269,034,596
1991 $7,255,210,470 $227,540,473
1990 $7,390,967,360 $214,877,667
1989 $6,366,039,373 $172,882,411
1988 $6,418,419,389 $176,494,394
1987 $6,487,353,103 $155,128,542
1986 $5,392,093,446 $147,620,048
1985 $3,818,944,918 $165,524,943
1984 $3,485,165,432 $181,570,474
1983 $3,569,356,125 $181,220,399
1982 $4,013,951,443 $192,902,019
1981 $4,095,892,781 $193,750,541
1980 $4,510,108,291 $182,852,107
1979 $4,084,877,823 $151,276,496
1978 $3,280,354,921 $111,027,427
1977 $2,938,046,463 $93,145,283
1976 $2,869,777,884 $83,100,834
1975 $2,830,388,405 $74,620,320
1974 $2,099,325,229 $84,539,332
1973 $1,863,398,590 $55,272,109
1972 $1,620,857,104 $40,606,712
1971 $1,339,549,033 $50,056,883
1970 $1,297,407,655 -
1969 $1,245,234,931 $28,606,411
1968 $1,309,384,862 $28,084,253
1967 $1,246,480,766 $25,203,524
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/solomon-islands | CC BY

GDP per capita in Senegal vs Solomon Islands by year

Senegal
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Senegal Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,955 - $2,086 -
2024 $1,739 $5,071 $1,934 $2,675
2023 $1,698 $4,778 $1,883 $2,597
2022 $1,574 $4,530 $1,878 $2,496
2021 $1,598 $4,174 $2,043 $2,450
2020 $1,461 $3,753 $2,063 $2,405
2019 $1,431 $3,648 $2,224 $2,512
2018 $1,453 $3,380 $2,278 $2,494
2017 $1,355 $3,234 $2,144 $2,454
2016 $1,266 $3,101 $2,083 $2,421
2015 $1,218 $2,994 $2,045 $2,354
2014 $1,399 $2,854 $2,165 $2,377
2013 $1,380 $2,769 $2,161 $2,394
2012 $1,327 $2,764 $2,066 $2,320
2011 $1,375 $2,685 $1,924 $2,306
2010 $1,276 $2,663 $1,685 $2,182
2009 $1,309 $2,606 $1,555 $2,021
2008 $1,399 $2,581 $1,526 $1,989
2007 $1,189 $2,499 $1,390 $1,869
2006 $1,017 $2,422 $1,256 $1,786
2005 $980 $2,350 $1,144 $1,693
2004 $918 $2,236 $986 $1,556
2003 $818 $2,131 $896 $1,433
2002 $669 $2,027 $757 $1,344
2001 $637 $2,044 $912 $1,387
2000 $603 $1,963 $953 $1,503
1999 $678 $1,893 $1,134 $1,754
1998 $685 $1,798 $1,092 $1,785
1997 $651 $1,719 $1,292 $1,793
1996 $723 $1,679 $1,289 $1,830
1995 $715 $1,656 $1,220 $1,820
1994 $584 $1,578 $1,078 $1,668
1993 $878 $1,588 $829 $1,556
1992 $951 $1,573 $764 $1,505
1991 $913 $1,561 $666 $1,346
1990 $957 $1,513 $648 $1,266
1989 $849 - $538 -
1988 $880 - $567 -
1987 $916 - $515 -
1986 $784 - $506 -
1985 $571 - $586 -
1984 $536 - $665 -
1983 $564 - $686 -
1982 $652 - $756 -
1981 $683 - $786 -
1980 $772 - $768 -
1979 $716 - $658 -
1978 $589 - $500 -
1977 $540 - $434 -
1976 $541 - $401 -
1975 $547 - $372 -
1974 $417 - $433 -
1973 $381 - $291.3 -
1972 $342 - $219.5 -
1971 $291.1 - $277.1 -
1970 $290.5 - - -
1969 $287.3 - $165.9 -
1968 $311 - $166.9 -
1967 $305 - $153.5 -
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/solomon-islands | CC BY

Senegal's GDP per capita is $1,955, ranking 160/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Senegal ranks 158th at $5,071, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Senegal Solomon Islands
Gross domestic product
$37B
2025
$1.75B
2025
GDP rank
107/197
2025
183/197
2025
GDP growth
6.68%
2024-2025
3.62%
2024-2025
GDP per capita
$1,955
2025
$2,086
2025
GDP per capita rank
160/197
2025
157/197
2025
GDP per capita, PPP
$5,071
2024
$2,675
2024
GDP per capita PPP rank
158/197
2024
183/197
2024
Government debt
$48.2B
2025
$501M
2025
Debt-to-GDP ratio
130.2%
2025
28.7%
2025
Government debt per person
$2,544
2025
$598
2025
Government debt per person rank
112/185
2025
162/185
2025
Average annual personal income after taxes
$1,979
2026
$1,986
2026
Income share by richest 10%
28.8%
2021
29.2%
2012
Income share by poorest 10%
3%
2021
2.8%
2012
Government expenditure, % of GDP
29.2%
2025
40.6%
2025
Consumer prices inflation
1.46%
2024-2025
3.36%
2024-2025
Unemployment rate
5.78%
2024
0.69%
2013
Population
19596169
868694

Spending and national debt comparison by year

Senegal
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Senegal Solomon Islands
Government spending Government debt Government spending Government debt
2025 29.2% 130.2% 40.6% 28.7%
2024 33.5% 132.4% 39.6% 26.1%
2023 35.5% 118.4% 44.2% 22.3%
2022 36.1% 104.7% 43.5% 16.5%
2021 33.7% 98.7% 36.9% 16.1%
2020 29.6% 90.1% 40.4% 9.15%
2019 34.3% 81.5% 35.6% 7.82%
2018 22.6% 61.5% 34.8% 7.95%
2017 22.5% 61.1% 40.4% 8.77%
2016 24% 47.5% 39.6% 7.54%
2015 22.9% 44.5% 41.5% 7.88%
2014 23.1% 42.4% 39.8% 10.1%
2013 22.1% 36.9% 41.8% 11.6%
2012 23% 34.5% 29.4% 13.3%
2011 23.3% 32.9% 26.7% 18.1%
2010 21.7% 34.6% 22.6% 21.6%
2009 21.1% 29.9% 22.7% 17.2%
2008 20.9% 19.1% 24.3% 26.1%
2007 22.2% 19% 21.1% 29.5%
2006 21.3% 17.5% 17.4% 36.9%
2005 18.7% 36.1% 14.7% 38.5%
2004 18.1% 38% 12.5% 49.4%
2003 17.1% 42.9% 12.6% 51.8%
2002 15.5% 52% 14.1% 55.5%
2001 15.7% 53.2% 15.3% 44.6%
2000 14% 57.5% 15.8% 37.4%
1999 14.6% 15% 15.8% 35.4%
1998 13.5% 18.8% 13.1% 33.3%
1997 14.1% 67.8% 16.3% 21.9%
1996 15.4% 0.07% 20.4% -
1995 14.4% 65.3% 20.8% -
1994 15.9% 77.3% 25.5% -
1993 - - 28.1% -
1992 - - 29.6% -
1991 - - 33.2% -
1990 - - 25.4% -

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/solomon-islands | CC BY

In 2025, Senegal's government spending was $10.8B, accounting for 29.2% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 130.2% in Senegal and 28.7% in the Solomon Islands, ranking 10/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Senegal

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Senegal Solomon Islands
2025 -7.9% -3.24%
2024 -13.4% -2.09%
2023 -14.8% -4.13%
2022 -16.1% -2.7%
2021 -13.7% -1.82%
2020 -9.62% -2.44%
2019 -13.9% -1.52%
2018 -3.66% 1.49%
2017 -2.97% -2.27%
2016 -3.27% -3.56%
2015 -3.66% 0.81%
2014 -3.9% 2.13%
2013 -4.34% 3.57%
2012 -4.18% 4.63%
2011 -4.92% 6.14%
2010 -3.94% 5.67%
2009 -3.66% 2.15%
2008 -3.53% 1.75%
2007 -2.8% 13.7%
2006 -3.67% 11.3%
2005 -0.26% 11.5%
2004 0.18% 14.5%
2003 -0.52% 8.91%
2002 0.19% -3.67%
2001 -1.44% -2.02%
2000 0.78% -2.47%
1999 -0.62% -0.27%
1998 0.93% 4.25%
1997 0.98% 1.8%
1996 0.92% 3.15%
1995 2.41% 2.69%
1994 5.9% 3.65%
1993 - 2.07%
1992 - 3.48%
1991 - 0.12%
1990 - 0.49%

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

GeoRank.org/economy/senegal/solomon-islands | 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 the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 32 years, Senegal recorded a fiscal deficit in 24 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Senegal posted an annual deficit equal to 4.01% of GDP, compared to surplus of 2.24% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Senegal

Solomon Islands
1x
Year Consumer prices inflation
Senegal Solomon Islands
2025 1.46% 3.36%
2024 0.8% 4.32%
2023 5.94% 5.89%
2022 9.7% 5.52%
2021 2.18% -0.12%
2020 2.54% 2.96%
2019 1.76% 1.63%
2018 0.46% 3.46%
2017 1.32% 0.49%
2016 0.84% 0.51%
2015 0.14% -0.57%
2014 -1.09% 5.17%
2013 0.71% 5.39%
2012 1.42% 5.91%
2011 3.4% 7.34%
2010 1.23% 1.05%
2009 -2.25% 7.09%
2008 7.35% 17.3%
2007 5.85% 7.67%
2006 2.11% 11.2%
2005 1.71% 7.33%
2004 0.51% 6.99%
2003 -0.05% 8.27%
2002 2.34% 10.9%
2001 2.97% 6.93%
2000 0.73% 7.89%
1999 0.83% 8.02%
1998 1.16% 12.4%
1997 1.75% 8.08%

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

GeoRank.org/economy/senegal/solomon-islands | CC BY

Over the past 29 years, Senegal has recorded an average annual inflation rate of 1.99%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 1.46% in Senegal and 3.36% in the Solomon Islands.

Balance of trade

Senegal Solomon Islands
Current account balance
-$6.07B
2023
-$66.2M
2024
Current account balance ranking
168/190
2023
78/190
2024
Current account balance, % of GDP
-19.8%
2023
-4.18%
2024
Goods imports
$10.8B
2023
$609M
2024
Goods exports
$5.52B
2023
$510M
2024
Service imports
$4.08B
2023
$248M
2024
Service exports
$1.48B
2023
$133M
2024
Imports of goods and services, % of GDP
38.6%
2025
70.8%
2024
Exports of goods and services, % of GDP
32.5%
2025
40.6%
2024

Economic freedom indices

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

Senegal Solomon Islands
Economic freedom 53.2 53.7
Economic freedom ranking 140/197 137/197
Property rights 57.4 55.8
Government integrity 47.3 42.7
Judicial effectiveness 50.5 59.1
Tax burden 68.8 71.3
Government spending 63.1 54.6
Fiscal health 0 83.3
Business freedom 55.2 52.3
Labor freedom 54.4 60.4
Monetary freedom 74.3 76.5
Trade freedom 67 43.6
Investment freedom 60 15
Financial freedom 40 30

Economic freedom comparison by year

Senegal
Solomon Islands
1x
Year Economic freedom index
Senegal Solomon Islands
2026 53.2 53.7
2025 56.4 56.3
2024 55.4 55
2023 57.7 56.9
2022 60 56.5
2021 58 56.5
2020 58 52.9
2019 56.3 54.6
2018 55.7 57.5
2017 55.9 55
2016 58.1 47
2015 57.8 47
2014 55.4 46.2
2013 55.5 45
2012 55.4 46.2
2011 55.7 45.9
2010 54.6 42.9
2009 56.3 46
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 2026-07-08).

GeoRank.org/economy/senegal/solomon-islands | CC BY

The Economic Freedom Index for Senegal is 53.2, ranking 140/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Senegal Solomon Islands
Services, % of GDP
46.3%
2025
46.9%
2024
Industry, % of GDP
26.1%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
17.1%
2025
29.7%
2024
GNI, Atlas method
$33.6B
2025
$1.7B
2025
GNI per capita, PPP
$5,100
2025
$2,790
2025
Total reserves including gold n/a
$686M
2024
Total reserves ranking n/a
148/177
2024
Net foreign direct investment
-$4.72B
2023
$19.9M
2024
Net inflows of foreign direct investment
$2.02B
2024
$33M
2024
Net outflows of foreign direct investment
$48.1M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
1.64%
2024
Poverty at national poverty lines
37.5%
2021
12.7%
2012
Gross capital formation, % of GDP
26.9%
2025
19.5%
2024

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/solomon-islands | 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 (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.