Current account balance (credit less debit), Net (credits less) in Senegal
Senegal: Current account balance (credit less debit), Net (credits less) was -6.07 billion in 2023. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Senegal, 2005–2023
Source: International Monetary Fund.
Analysis
Senegal recorded -6.07 billion for current account balance (credit less debit), net (credits less debits) in 2023. That is the lowest value across all 19 years on record.
The figure is down 9.6% on the previous year and down 291.8% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Senegal peaked at -589.48 million in 2010 and was at its lowest, -6.07 billion, in 2023.
That places Senegal 179th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -676.12 million | — |
| 2006 | -861.98 million | +27.5% |
| 2007 | -1.31 billion | +52.3% |
| 2008 | -1.89 billion | +44.1% |
| 2009 | -857.21 million | -54.7% |
| 2010 | -589.48 million | -31.2% |
| 2011 | -1.15 billion | +94.8% |
| 2012 | -1.53 billion | +33.1% |
| 2013 | -1.55 billion | +1.4% |
| 2014 | -1.35 billion | -13.1% |
| 2015 | -944.94 million | -29.8% |
| 2016 | -795.65 million | -15.8% |
| 2017 | -1.53 billion | +91.8% |
| 2018 | -2.22 billion | +45.1% |
| 2019 | -1.90 billion | -14.3% |
| 2020 | -2.66 billion | +40.3% |
| 2021 | -3.33 billion | +25.0% |
| 2022 | -5.54 billion | +66.6% |
| 2023 | -6.07 billion | +9.6% |
Senegal compared with similar countries
- Senegal's -6.07 billion is below the median for lower middle income countries, which is -96.83 million, 62.7× the median. (46 countries reporting)
- Senegal's -6.07 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 10.0× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.12 billion | -1.89 billion | -676.12 million | 5 |
| 2010s | -1.35 billion | -2.22 billion | -589.48 million | 10 |
| 2020s | -4.40 billion | -6.07 billion | -2.66 billion | 4 |
Countries ranked near Senegal
- 176 Kyrgyzstan -5.18 billion compare
- 177 Lebanon -5.64 billion compare
- 178 Uzbekistan -5.71 billion compare
- 180 Slovakia -6.50 billion compare
- 181 Colombia -7.23 billion compare
- 182 Kazakhstan -7.94 billion compare
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 current account balance (credit less debit), net (credits less debits) in Senegal?
- Current account balance (credit less debit), net (credits less debits) in Senegal was -6.07 billion in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Senegal?
- The highest recorded value was -589.48 million in 2010.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Senegal?
- The lowest recorded value was -6.07 billion in 2023.
- How does Senegal rank for current account balance (credit less debit), net (credits less debits)?
- Senegal ranks 179th out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Senegal?
- Over the last ten years it is down 291.8%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.