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% |
Senegal compared with similar countries
- Senegal's 34.9% is above the median for lower middle income countries, which is 33.0%, 1.1× the median. (46 countries reporting)
- Senegal's 34.9% is above the median for Sub-Saharan Africa, which is 23.8%, 1.5× the median. (46 countries reporting)
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
- 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 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.
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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).