Bank deposits to GDP in Senegal
Senegal: Bank deposits to GDP was 34.9% in 2021. ◆ Volatile
Bank deposits to GDP in Senegal, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Senegal recorded 34.9% for bank deposits to gdp in 2021. That is the highest value across all 62 years on record.
That represents a change of up 2.0% on the previous year and up 38.7% over ten years.
Over the whole period, bank deposits to gdp in Senegal peaked at 34.9% in 2021 and was at its lowest, 4.3%, in 1964.
That places Senegal 132nd out of 185 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 4.6% | — |
| 1961 | 4.9% | +4.9% |
| 1962 | 5.8% | +19.3% |
| 1963 | 5.1% | -11.8% |
| 1964 | 4.3% | -15.2% |
| 1965 | 4.4% | +1.0% |
| 1966 | 4.4% | -0.0% |
| 1967 | 4.5% | +2.3% |
| 1968 | 4.9% | +8.2% |
| 1969 | 5.1% | +4.3% |
| 1970 | 5.6% | +10.1% |
| 1971 | 5.5% | -2.0% |
| 1972 | 6.0% | +10.5% |
| 1973 | 7.5% | +24.1% |
| 1974 | 9.2% | +22.3% |
| 1975 | 8.9% | -3.4% |
| 1976 | 11.3% | +27.3% |
| 1977 | 12.3% | +8.7% |
| 1978 | 14.7% | +19.9% |
| 1979 | 13.1% | -10.6% |
| 1980 | 12.8% | -2.8% |
| 1981 | 12.5% | -2.4% |
| 1982 | 13.0% | +4.6% |
| 1983 | 14.0% | +7.0% |
| 1984 | 13.5% | -3.6% |
| 1985 | 12.2% | -9.1% |
| 1986 | 12.0% | -2.1% |
| 1987 | 11.7% | -2.4% |
| 1988 | 12.4% | +5.8% |
| 1989 | 12.9% | +4.5% |
| 1990 | 12.5% | -3.3% |
| 1991 | 13.2% | +5.7% |
| 1992 | 13.3% | +0.8% |
| 1993 | 11.5% | -13.6% |
| 1994 | 11.3% | -1.6% |
| 1995 | 10.9% | -3.6% |
| 1996 | 12.4% | +13.3% |
| 1997 | 12.3% | -0.5% |
| 1998 | 12.2% | -1.1% |
| 1999 | 13.0% | +7.1% |
| 2000 | 14.4% | +10.1% |
| 2001 | 14.2% | -0.7% |
| 2002 | 15.9% | +11.5% |
| 2003 | 18.3% | +14.9% |
| 2004 | 20.4% | +11.9% |
| 2005 | 20.1% | -1.7% |
| 2006 | 20.9% | +4.1% |
| 2007 | 21.8% | +4.5% |
| 2008 | 20.2% | -7.6% |
| 2009 | 22.7% | +12.5% |
| 2010 | 24.7% | +8.9% |
| 2011 | 25.2% | +1.9% |
| 2012 | 25.5% | +1.3% |
| 2013 | 26.7% | +4.7% |
| 2014 | 28.5% | +6.7% |
| 2015 | 29.6% | +3.9% |
| 2016 | 29.1% | -1.8% |
| 2017 | 29.3% | +0.6% |
| 2018 | 31.6% | +8.1% |
| 2019 | 32.1% | +1.4% |
| 2020 | 34.3% | +6.7% |
| 2021 | 34.9% | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.8% | 4.3% | 5.8% | 10 |
| 1970s | 9.4% | 5.5% | 14.7% | 10 |
| 1980s | 12.7% | 11.7% | 14.0% | 10 |
| 1990s | 12.3% | 10.9% | 13.3% | 10 |
| 2000s | 18.9% | 14.2% | 22.7% | 10 |
| 2010s | 28.2% | 24.7% | 32.1% | 10 |
| 2020s | 34.6% | 34.3% | 34.9% | 2 |
Countries ranked near Senegal
More financial sector data for Senegal
- Net domestic credit (current LCU), per capita 605,208 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 309.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.99 % change on previous year (2025)
- 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)
Frequently asked questions
- What is bank deposits to gdp in Senegal?
- Bank deposits to gdp in Senegal was 34.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Senegal?
- The highest recorded value was 34.9% in 2021.
- What is the lowest bank deposits to gdp recorded in Senegal?
- The lowest recorded value was 4.3% in 1964.
- How does Senegal rank for bank deposits to gdp?
- Senegal ranks 132nd out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Senegal?
- Over the last ten years it is up 38.7%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).