Deposit interest rate in Senegal
Senegal: Deposit interest rate was 6.9% in 2016. ▼ Falling
Deposit interest rate in Senegal, 2005–2016
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Senegal is 6.9%, measured in 2016. That is the lowest value across all 12 years on record.
Compared with earlier readings it is down 1.0% on the previous year and down 11.5% over ten years.
Over the whole period, deposit interest rate in Senegal peaked at 8.6% in 2009 and was at its lowest, 6.9%, in 2016.
That places Senegal 33rd out of 152 countries with data for 2016, putting it in the top quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 7.6% | 8.6% | 5 |
| 2010s | 7.7% | 6.9% | 8.5% | 7 |
Countries ranked near Senegal
- 30 South Africa 7.4% compare
- 31 Uruguay 7.3% compare
- 32 Sierra Leone 7.0% compare
- 33 Cote d'Ivoire 6.9% compare
- 33 Guinea-Bissau 6.9% compare
- 33 Mali 6.9% compare
- 33 Niger 6.9% compare
- 33 Togo 6.9% compare
More financial sector data for Senegal
- 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)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Net migration -12,636 (2025)
- Claims on central government 5.6% (2025)
Frequently asked questions
- What is deposit interest rate in Senegal?
- Deposit interest rate in Senegal was 6.9% in 2016, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Senegal?
- The highest recorded value was 8.6% in 2009.
- What is the lowest deposit interest rate recorded in Senegal?
- The lowest recorded value was 6.9% in 2016.
- How does Senegal rank for deposit interest rate?
- Senegal ranks 33rd out of 152 countries with data for 2016.
- Is deposit interest rate rising or falling in Senegal?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is falling.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.