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Economy of Senegal vs Tunisia compared: GDP & Debt

Updated on by Georank team

Senegal has a GDP of $32.8B compared to $51.3B for Tunisia, ranking 109/197 and 93/197 by economy size, respectively.

Senegal has $42.1B in government debt (128.4% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Senegal vs Tunisia GDP by year

Senegal
Tunisia
1x
Year GDP, current $
Senegal Tunisia
2024 $32,808,056,601 $51,332,285,657
2023 $30,696,331,296 $48,205,328,303
2022 $27,783,332,223 $44,929,920,093
2021 $27,520,784,130 $47,073,234,359
2020 $24,530,513,038 $42,491,780,918
2019 $23,403,995,992 $41,905,642,419
2018 $23,116,701,556 $42,686,504,460
2017 $20,996,562,944 $42,163,530,591
2016 $19,040,312,333 $44,360,072,680
2015 $17,774,766,696 $45,779,494,042
2014 $19,797,253,440 $50,271,812,921
2013 $18,918,667,725 $48,685,446,414
2012 $17,660,870,412 $47,311,401,813
2011 $17,814,283,639 $48,123,325,825
2010 $16,121,315,909 $46,206,091,938
2009 $16,145,867,495 $43,455,740,497
2008 $16,853,989,628 $44,859,439,902
2007 $13,994,218,413 $38,915,353,867
2006 $11,697,918,243 $34,376,664,601
2005 $11,009,033,438 $32,272,186,695
2004 $10,076,816,667 $31,183,885,241
2003 $8,768,721,563 $27,453,902,261
2002 $7,006,402,320 $23,141,616,605
2001 $6,507,824,829 $22,065,832,449
2000 $6,013,185,004 $21,473,528,161
1999 $6,592,834,933 $22,943,202,175
1998 $6,505,607,909 $21,802,893,587
1997 $6,041,478,726 $20,746,210,354
1996 $6,559,712,166 $19,587,161,807
1995 $6,326,342,633 $18,030,876,599
1994 $5,034,588,196 $15,633,174,304
1993 $7,367,986,241 $14,608,335,608
1992 $7,769,817,840 $15,496,708,060
1991 $7,255,210,470 $13,074,782,609
1990 $7,390,967,360 $12,290,568,182
1989 $6,366,039,373 $10,101,851,745
1988 $6,418,419,389 $10,096,245,762
1987 $6,487,353,103 $9,696,715,911
1986 $5,392,093,446 $9,017,806,654
1985 $3,818,944,918 $8,410,226,053
1984 $3,485,165,432 $8,254,541,195
1983 $3,569,356,125 $8,350,582,748
1982 $4,013,951,443 $8,133,580,052
1981 $4,095,892,781 $8,428,445,294
1980 $4,510,108,291 $8,744,134,354
1979 $4,084,877,823 $7,188,863,904
1978 $3,280,354,921 $5,968,460,080
1977 $2,938,046,463 $5,109,324,009
1976 $2,869,777,884 $4,508,191,942
1975 $2,830,388,405 $4,328,965,588
1974 $2,099,325,229 $3,545,868,575
1973 $1,863,398,590 $2,730,813,385
1972 $1,620,857,104 $2,237,556,149
1971 $1,339,549,033 $1,685,162,272
1970 $1,297,407,655 $1,439,238,095
1969 $1,245,234,931 $1,289,904,762
1968 $1,309,384,862 $1,214,666,667
1967 $1,246,480,766 $1,085,714,286
1966 $1,246,908,186 $1,040,952,381
1965 $1,210,058,228 $991,047,619
1964 $1,188,930,645 $1,025,866,792
1963 $1,122,139,862 $1,026,737,600
1962 $1,085,475,791 $880,027,733
1961 $1,058,975,257 $866,155,429
1960 $1,003,692,370 -

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

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

GDP per capita in Senegal vs Tunisia by year

Senegal
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Senegal Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,773 $5,071 $4,181 $14,521
2023 $1,698 $4,778 $3,951 $14,041
2022 $1,574 $4,530 $3,707 $13,619
2021 $1,598 $4,174 $3,907 $12,444
2020 $1,461 $3,753 $3,549 $11,918
2019 $1,431 $3,648 $3,529 $12,495
2018 $1,453 $3,380 $3,628 $11,841
2017 $1,357 $3,234 $3,619 $11,289
2016 $1,266 $3,101 $3,848 $10,994
2015 $1,218 $2,994 $4,015 $10,783
2014 $1,399 $2,854 $4,459 $10,947
2013 $1,380 $2,769 $4,370 $10,672
2012 $1,327 $2,764 $4,297 $10,615
2011 $1,375 $2,685 $4,421 $10,436
2010 $1,276 $2,663 $4,292 $10,555
2009 $1,309 $2,606 $4,080 $10,237
2008 $1,399 $2,581 $4,255 $9,975
2007 $1,189 $2,499 $3,727 $9,479
2006 $1,017 $2,422 $3,323 $8,729
2005 $980 $2,350 $3,147 $8,117
2004 $918 $2,236 $3,067 $7,672
2003 $818 $2,131 $2,726 $7,098
2002 $669 $2,027 $2,321 $6,715
2001 $637 $2,044 $2,236 $6,593
2000 $603 $1,963 $2,199 $6,279
1999 $678 $1,893 $2,376 $5,930
1998 $685 $1,798 $2,285 $5,579
1997 $651 $1,719 $2,202 $5,333
1996 $723 $1,679 $2,107 $5,040
1995 $715 $1,656 $1,968 $4,686
1994 $584 $1,578 $1,733 $4,555
1993 $878 $1,588 $1,649 $4,401
1992 $951 $1,573 $1,785 $4,292
1991 $913 $1,561 $1,538 $3,975
1990 $957 $1,513 $1,476 $3,780
1989 $849 - $1,239 -
1988 $880 - $1,266 -
1987 $916 - $1,245 -
1986 $784 - $1,187 -
1985 $571 - $1,135 -
1984 $536 - $1,143 -
1983 $564 - $1,184 -
1982 $652 - $1,177 -
1981 $683 - $1,247 -
1980 $772 - $1,324 -
1979 $716 - $1,113 -
1978 $589 - $946 -
1977 $540 - $830 -
1976 $541 - $752 -
1975 $547 - $741 -
1974 $417 - $624 -
1973 $381 - $493 -
1972 $342 - $415 -
1971 $291.1 - $320 -
1970 $290.5 - $280.5 -
1969 $287.3 - $257.7 -
1968 $311 - $248.9 -
1967 $305 - $228 -
1966 $315 - $223.8 -
1965 $314 - $217.3 -
1964 $318 - $228.5 -
1963 $309 - $231.9 -
1962 $307 - $201.4 -
1961 $308 - $200.7 -
1960 $300 - - -

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

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

Senegal's GDP per capita is $1,773, ranking 159/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Senegal ranks 158th at $5,071, while Tunisia ranks 114th at $14,521.

Economic indicators

Senegal Tunisia
Gross domestic product
$32.8B
2024
$51.3B
2024
GDP rank
109/197
2024
93/197
2024
GDP growth
6.06%
2023-2024
1.61%
2023-2024
GDP per capita
$1,773
2024
$4,181
2024
GDP per capita rank
159/197
2024
129/197
2024
GDP per capita, PPP
$5,071
2024
$14,521
2024
GDP per capita PPP rank
158/197
2024
114/197
2024
Government debt
$42.1B
2024
$42.8B
2024
Debt-to-GDP ratio
128.4%
2024
83.4%
2024
Government debt per person
$2,277
2024
$3,487
2024
Government debt per person rank
115/185
2024
94/185
2024
Average annual personal income after taxes
$2,194
2026
$3,951
2026
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
28.8%
2021
27%
2021
Income share by poorest 10%
3%
2021
3.1%
2021
Government expenditure, % of GDP
33.5%
2024
33.8%
2024
Consumer prices inflation
0.8%
2023-2024
7%
2023-2024
Central bank interest rate n/a
7.5%
2025
Unemployment rate
5.78%
2024
15.1%
2023
Population
19491599
12437803

Spending and national debt comparison by year

Senegal
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Senegal Tunisia
Government spending Government debt Government spending Government debt
2024 33.5% 128.4% 33.8% 83.4%
2023 35.5% 118.4% 35.7% 84%
2022 36.2% 105% 36.5% 83%
2021 33.6% 98.6% 33.2% 79.7%
2020 29.6% 90.2% 34.5% 77.7%
2019 34.3% 81.5% 29.5% 67.3%
2018 22.6% 61.5% 28.7% 72.9%
2017 22.5% 61.1% 28.7% 67.1%
2016 24% 47.5% 27.2% 58.9%
2015 22.9% 44.5% 27.4% 52.4%
2014 23.1% 42.4% 27.7% 50.7%
2013 22.1% 36.9% 30.8% 45.6%
2012 23% 34.5% 28.3% 49%
2011 23.3% 32.9% 27.9% 43.3%
2010 21.7% 34.6% 24% 38.8%
2009 21.1% 29.9% 24.6% 40.3%
2008 20.9% 19.1% 23.7% 41.4%
2007 22.2% 19% 23.3% 42.7%
2006 21.3% 17.5% 22.9% 45.7%
2005 18.7% 36.1% 23% 50%
2004 18.1% 38% 23% 51.6%
2003 17.1% 42.9% 23.5% 52.6%
2002 15.5% 52% 24.1% 51.6%
2001 15.7% 53.2% 24% 52.2%
2000 14% 57.5% 24% 62.9%
1999 14.6% 15% 24% 61.9%
1998 13.5% 18.8% 24.2% 58.2%
1997 14.1% 67.8% 24.5% 66.6%
1996 15.4% 0.07% 26.7% 66.8%
1995 14.4% 65.3% 26.6% 65.6%
1994 15.9% 77.3% 25.9% 63.9%
1993 - - 26.7% 63.8%
1992 - - 25.7% 62.1%
1991 - - 27.6% 63.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1995, retrieved 2026-02-20).

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

In 2024, Senegal's government spending was $11B, accounting for 33.5% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 128.4% in Senegal and 83.4% in Tunisia, ranking 11/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Senegal

Tunisia
1x
Year Deficit/surplus, % of GDP
Senegal Tunisia
2024 -13.4% -5.92%
2023 -14.8% -7.03%
2022 -16.1% -6.91%
2021 -13.7% -7.6%
2020 -9.64% -9.06%
2019 -13.9% -3.6%
2018 -3.66% -4.27%
2017 -2.97% -5.61%
2016 -3.27% -5.87%
2015 -3.66% -4.95%
2014 -3.9% -3.11%
2013 -4.34% -7.05%
2012 -4.18% -4.9%
2011 -4.92% -3.19%
2010 -3.94% -0.46%
2009 -3.66% -2.59%
2008 -3.53% -0.62%
2007 -2.8% -2.47%
2006 -3.67% -2.33%
2005 -0.26% -2.59%
2004 0.18% -2.1%
2003 -0.52% -2.64%
2002 0.19% -2.55%
2001 -1.44% -2.87%
2000 0.78% -3.22%
1999 -0.62% -3.05%
1998 0.93% -2.84%
1997 0.98% -3.7%
1996 0.92% -5.18%
1995 2.41% -4.53%
1994 5.9% -2.87%
1993 - -3.22%
1992 - -3.45%
1991 - -5.25%

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

GeoRank.org/economy/senegal/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 31 years, Senegal recorded a fiscal deficit in 23 of those years, while Tunisia ran a deficit in 31 years. On average, Senegal posted an annual deficit equal to 3.89% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Senegal

Tunisia
1x
Year Consumer prices inflation
Senegal Tunisia
2024 0.8% 7%
2023 5.94% 9.3%
2022 9.7% 8.3%
2021 2.18% 5.7%
2020 2.54% 5.6%
2019 1.76% 6.7%
2018 0.46% 7.3%
2017 1.32% 5.3%
2016 0.84% 3.6%
2015 0.14% 4.4%
2014 -1.09% 4.6%
2013 0.71% 5.3%
2012 1.42% 4.6%
2011 3.4% 3.2%
2010 1.23% 4.4%
2009 -2.25% 3.5%
2008 7.35% 4.9%
2007 5.85% 3.4%
2006 2.11% 4.1%
2005 1.71% 2%
2004 0.51% 3.7%
2003 -0.05% 2.7%
2002 2.34% 2.7%
2001 2.97% 1.9%
2000 0.73% 2.8%
1999 0.83% 2.8%
1998 1.16% 3.1%
1997 1.75% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Senegal has recorded an average annual inflation rate of 2.01%, compared with 4.52% in Tunisia. In 2024, inflation was 0.8% in Senegal and 7% in Tunisia.

Top exports between countries

Senegal
Export category Export value
Processed food, beverages & tobacco $2.59M
Animal & marine products $1.89M
Raw materials & minerals $88K
Textiles & consumer goods $65K
Chemicals & pharma $57K
Machinery & equipment $44K
Raw agricultural goods $38K
Tunisia
Export category Export value
Metals $35.2M
Machinery & equipment $12.1M
Processed food, beverages & tobacco $11.8M
Raw materials & minerals $8.75M
Chemicals & pharma $8.1M
Textiles & consumer goods $4.07M
Wood & paper products $2.47M
Raw agricultural goods $2.02M
Miscellaneous $1.84M
Animal & marine products $8K

Balance of trade

Senegal Tunisia
Current account balance
-$6.07B
2023
-$775M
2024
Current account balance ranking
170/190
2023
117/190
2024
Current account balance, % of GDP
-19.8%
2023
-1.51%
2024
Goods imports
$10.8B
2023
$18.7B
2024
Goods exports
$5.52B
2023
$8.95B
2024
Service imports
$4.08B
2023
$3.92B
2024
Service exports
$1.48B
2023
$11.2B
2024
Imports of goods and services, % of GDP
43.4%
2024
56.3%
2024
Exports of goods and services, % of GDP
24.7%
2024
50%
2024

Economic freedom indices

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

Senegal Tunisia
Economic freedom 53.2 48.1
Economic freedom ranking 140/197 172/197
Property rights 57.4 55.7
Government integrity 47.3 42.1
Judicial effectiveness 50.5 39.7
Tax burden 68.8 68.5
Government spending 63.1 62.5
Fiscal health 0 16
Business freedom 55.2 59.4
Labor freedom 54.4 55.8
Monetary freedom 74.3 72.4
Trade freedom 67 54.6
Investment freedom 60 20
Financial freedom 40 30

Economic freedom comparison by year

Senegal
Tunisia
1x
Year Economic freedom index
Senegal Tunisia
2026 53.2 48.1
2025 56.4 49.1
2024 55.4 48.8
2023 57.7 52.9
2022 60 54.2
2021 58 56.6
2020 58 55.8
2019 56.3 55.4
2018 55.7 58.9
2017 55.9 55.7
2016 58.1 57.6
2015 57.8 57.7
2014 55.4 57.3
2013 55.5 57
2012 55.4 58.6
2011 55.7 58.5
2010 54.6 58.9
2009 56.3 58
2008 58.3 60.1
2007 58.1 60.3
2006 56.2 57.5
2005 57.9 55.4
2004 58.9 58.4
2003 58.1 58.1
2002 58.6 60.2
2001 58.7 60.8
2000 58.9 61.3
1999 60.6 61.1
1998 59.7 63.9
1997 58.1 63.8
1996 58.2 63.9
1995 - 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Senegal is 53.2, ranking 140/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Senegal Tunisia
Services, % of GDP
48.4%
2024
62.6%
2024
Industry, % of GDP
25%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
16.6%
2024
9.74%
2024
GNI, Atlas method
$31.1B
2024
$47.7B
2024
GNI per capita, PPP
$4,920
2024
$14,230
2024
Total reserves including gold n/a
$9.34B
2024
Total reserves ranking n/a
80/177
2024
Net foreign direct investment
-$4.72B
2023
-$725M
2024
Net inflows of foreign direct investment
$2.02B
2024
$760M
2024
Net outflows of foreign direct investment
$48.1M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
10.8%
2024
10.9%
2024
Poverty at national poverty lines
37.5%
2021
16.6%
2021
Gross capital formation, % of GDP
37.5%
2024
7.86%
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/tunisia | 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 (1991–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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.