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 170 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.
Bank concentration in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 67.4% | — |
| 2001 | 66.7% | -1.1% |
| 2002 | 63.7% | -4.4% |
| 2003 | 63.0% | -1.2% |
| 2004 | 63.5% | +0.8% |
| 2005 | 62.1% | -2.2% |
| 2006 | 69.2% | +11.5% |
| 2007 | 76.2% | +10.0% |
| 2008 | 74.9% | -1.7% |
| 2009 | 61.6% | -17.7% |
| 2010 | 60.2% | -2.3% |
| 2011 | 58.4% | -3.0% |
| 2012 | 57.4% | -1.8% |
| 2013 | 59.6% | +3.9% |
| 2014 | 58.4% | -2.1% |
| 2015 | 44.2% | -24.2% |
| 2016 | 42.4% | -4.2% |
| 2017 | 41.9% | -1.1% |
| 2018 | 41.9% | -0.0% |
| 2019 | 42.9% | +2.4% |
| 2020 | 79.4% | +85.0% |
Senegal compared with similar countries
- Senegal's 79.4% is above the median for lower middle income countries, which is 68.4%, 1.2× the median. (38 countries reporting)
- Senegal's 79.4% is above the median for Sub-Saharan Africa, which is 77.1%, 1.0× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Bank concentration in Senegal changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +85.0% | 42.9% | 79.4% |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.09 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.25 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.09 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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 170 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.