Current account balance (credit less debit), Net (credits less debits) in Senegal
Senegal: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- 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 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.
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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.