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 153 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.
Deposit interest rate in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 7.6% | — |
| 2006 | 7.8% | +2.8% |
| 2007 | 7.8% | -0.1% |
| 2008 | 8.1% | +4.0% |
| 2009 | 8.6% | +5.6% |
| 2010 | 8.4% | -2.2% |
| 2011 | 8.5% | +1.4% |
| 2012 | 8.0% | -6.0% |
| 2013 | 7.7% | -4.2% |
| 2014 | 7.3% | -5.2% |
| 2015 | 7.0% | -3.6% |
| 2016 | 6.9% | -1.0% |
Senegal compared with similar countries
- Senegal's 6.9% is above the median for lower middle income countries, which is 5.2%, 1.3× the median. (42 countries reporting)
- Senegal's 6.9% is above the median for Sub-Saharan Africa, which is 5.7%, 1.2× the median. (44 countries reporting)
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
- 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 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 153 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.
Download this data
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.