Commercial bank branches in Senegal
Senegal: Commercial bank branches was 5.27 per 100,000 adults in 2024. ▲ Rising
Commercial bank branches in Senegal, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
In 2024, commercial bank branches in Senegal stood at 5.27 per 100,000 adults.
Compared with earlier readings it is down 0.7% on the previous year and up 12.5% over ten years.
Over the whole period, commercial bank branches in Senegal peaked at 5.59 per 100,000 adults in 2017 and was at its lowest, 1.95 per 100,000 adults, in 2004.
That places Senegal 139th out of 185 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Commercial bank branches in Senegal, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 1.95 per 100,000 adults | — |
| 2005 | 2.48 per 100,000 adults | +27.0% |
| 2006 | 2.89 per 100,000 adults | +16.5% |
| 2007 | 3.07 per 100,000 adults | +6.3% |
| 2008 | 3.74 per 100,000 adults | +21.6% |
| 2009 | 3.93 per 100,000 adults | +5.2% |
| 2010 | 4.2 per 100,000 adults | +6.8% |
| 2011 | 4.51 per 100,000 adults | +7.5% |
| 2012 | 4.75 per 100,000 adults | +5.2% |
| 2013 | 4.66 per 100,000 adults | -1.9% |
| 2014 | 4.69 per 100,000 adults | +0.7% |
| 2015 | 4.99 per 100,000 adults | +6.5% |
| 2016 | 5.01 per 100,000 adults | +0.3% |
| 2017 | 5.59 per 100,000 adults | +11.7% |
| 2018 | 5.42 per 100,000 adults | -3.1% |
| 2019 | 5.01 per 100,000 adults | -7.5% |
| 2020 | 5.01 per 100,000 adults | -0.1% |
| 2021 | 5.36 per 100,000 adults | +7.0% |
| 2022 | 5.21 per 100,000 adults | -2.9% |
| 2023 | 5.31 per 100,000 adults | +2.0% |
| 2024 | 5.27 per 100,000 adults | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.01 per 100,000 adults | 1.95 per 100,000 adults | 3.93 per 100,000 adults | 6 |
| 2010s | 4.88 per 100,000 adults | 4.2 per 100,000 adults | 5.59 per 100,000 adults | 10 |
| 2020s | 5.23 per 100,000 adults | 5.01 per 100,000 adults | 5.36 per 100,000 adults | 5 |
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 commercial bank branches in Senegal?
- Commercial bank branches in Senegal was 5.27 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Senegal?
- The highest recorded value was 5.59 per 100,000 adults in 2017.
- What is the lowest commercial bank branches recorded in Senegal?
- The lowest recorded value was 1.95 per 100,000 adults in 2004.
- How does Senegal rank for commercial bank branches?
- Senegal ranks 139th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Senegal?
- Over the last ten years it is up 12.5%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.