Deposit Rate, Percent per annum in Senegal
Senegal: Deposit Rate, Percent per annum was 6.92 in 2016. ▼ Falling
Deposit Rate, Percent per annum in Senegal, 2005–2016
Source: International Monetary Fund.
Analysis
Senegal recorded 6.92 for deposit rate, percent per annum in 2016. That is the lowest value across all 12 years on record.
The figure is down 1.0% on the previous year and down 11.5% over ten years.
Over the whole period, deposit rate, percent per annum in Senegal peaked at 8.58 in 2009 and was at its lowest, 6.92, in 2016.
That places Senegal 30th out of 143 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 Rate, Percent per annum in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 7.61 | — |
| 2006 | 7.82 | +2.8% |
| 2007 | 7.81 | -0.1% |
| 2008 | 8.12 | +4.0% |
| 2009 | 8.58 | +5.6% |
| 2010 | 8.39 | -2.2% |
| 2011 | 8.5 | +1.4% |
| 2012 | 7.99 | -6.0% |
| 2013 | 7.65 | -4.2% |
| 2014 | 7.26 | -5.2% |
| 2015 | 7 | -3.6% |
| 2016 | 6.92 | -1.0% |
Senegal compared with similar countries
- Senegal's 6.92 is above the median for lower middle income countries, which is 5.24, 1.3× the median. (40 countries reporting)
- Senegal's 6.92 is above the median for Sub-Saharan Africa, which is 5.67, 1.2× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.99 | 7.61 | 8.58 | 5 |
| 2010s | 7.67 | 6.92 | 8.5 | 7 |
Countries ranked near Senegal
- 27 South Africa 7.43 compare
- 28 Uruguay 7.3 compare
- 29 Sierra Leone 7.04 compare
- 30 Cote d'Ivoire 6.92 compare
- 30 Guinea-Bissau 6.92 compare
- 30 Mali 6.92 compare
- 30 Niger 6.92 compare
- 30 Togo 6.92 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 rate, percent per annum in Senegal?
- Deposit rate, percent per annum in Senegal was 6.92 in 2016, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Senegal?
- The highest recorded value was 8.58 in 2009.
- What is the lowest deposit rate, percent per annum recorded in Senegal?
- The lowest recorded value was 6.92 in 2016.
- How does Senegal rank for deposit rate, percent per annum?
- Senegal ranks 30th out of 143 countries with data for 2016.
- Is deposit rate, percent per annum 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 Monetary Fund, published as part of Deposit Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.