Bank concentration in Senegal
Senegal: Bank concentration was 79.4% in 2020. ▼ Falling
Bank concentration in Senegal, 2000–2020
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Senegal is 79.4%, measured in 2020. That is the highest value across all 21 years on record.
The figure is up 85.0% on the previous year and up 32.0% over ten years.
Over the whole period, bank concentration in Senegal peaked at 79.4% in 2020 and was at its lowest, 41.9%, in 2018.
Senegal ranks 63rd of 169 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 66.8% | 61.6% | 76.2% | 10 |
| 2010s | 50.7% | 41.9% | 60.2% | 10 |
| 2020s | 79.4% | 79.4% | 79.4% | 1 |
Countries ranked near Senegal
More financial sector data for Senegal
- Domestic credit to private sector by banks 30.9% (2025)
- Net domestic credit 11.46 trillion current LCU (2025)
- Net foreign assets 3.63 trillion current LCU (2025)
- Monetary Sector credit to private sector 30.9% (2025)
- Broad money 53.7% (2025)
- Claims on central government, etc. 19.3% (2025)
- Domestic credit to private sector 30.9% (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Net migration -12,636 (2025)
- Claims on central government 5.6% (2025)
Frequently asked questions
- What is bank concentration in Senegal?
- Bank concentration in Senegal was 79.4% in 2020, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Senegal?
- The highest recorded value was 79.4% in 2020.
- What is the lowest bank concentration recorded in Senegal?
- The lowest recorded value was 41.9% in 2018.
- How does Senegal rank for bank concentration?
- Senegal ranks 63rd out of 169 countries with data for 2020.
- Is bank concentration rising or falling in Senegal?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is falling.
- Where does this Senegal data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.