Financial Development Index in Senegal
Senegal: Financial Development Index was 0.1128 in 2020. ▲ Rising
Financial Development Index in Senegal, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Senegal stood at 0.1128.
Compared with earlier readings it is down 1.5% on the previous year and up 17.6% over ten years.
Over the whole period, financial development index in Senegal peaked at 0.1145 in 2019 and was at its lowest, 0.0614, in 1991.
That places Senegal 153rd out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0883 | — |
| 1981 | 0.0903 | +2.2% |
| 1982 | 0.0852 | -5.7% |
| 1983 | 0.0853 | +0.1% |
| 1984 | 0.0786 | -7.8% |
| 1985 | 0.0745 | -5.2% |
| 1986 | 0.0673 | -9.6% |
| 1987 | 0.0664 | -1.4% |
| 1988 | 0.0723 | +9.0% |
| 1989 | 0.0702 | -3.0% |
| 1990 | 0.0654 | -6.9% |
| 1991 | 0.0614 | -6.0% |
| 1992 | 0.0649 | +5.6% |
| 1993 | 0.0652 | +0.5% |
| 1994 | 0.0618 | -5.1% |
| 1995 | 0.072 | +16.4% |
| 1996 | 0.0851 | +18.3% |
| 1997 | 0.0891 | +4.7% |
| 1998 | 0.0817 | -8.3% |
| 1999 | 0.0881 | +7.9% |
| 2000 | 0.087 | -1.3% |
| 2001 | 0.0843 | -3.2% |
| 2002 | 0.0839 | -0.5% |
| 2003 | 0.088 | +4.9% |
| 2004 | 0.0892 | +1.4% |
| 2005 | 0.0846 | -5.2% |
| 2006 | 0.0935 | +10.5% |
| 2007 | 0.1004 | +7.4% |
| 2008 | 0.0955 | -4.9% |
| 2009 | 0.0939 | -1.7% |
| 2010 | 0.096 | +2.2% |
| 2011 | 0.093 | -3.1% |
| 2012 | 0.0911 | -2.0% |
| 2013 | 0.0934 | +2.5% |
| 2014 | 0.0843 | -9.8% |
| 2015 | 0.0912 | +8.2% |
| 2016 | 0.0987 | +8.3% |
| 2017 | 0.1095 | +10.9% |
| 2018 | 0.113 | +3.2% |
| 2019 | 0.1145 | +1.4% |
| 2020 | 0.1128 | -1.5% |
Senegal compared with similar countries
- Senegal's 0.1128 is below the median for lower middle income countries, which is 0.1603, 70% of the median. (45 countries reporting)
- Senegal's 0.1128 is below the median for Sub-Saharan Africa, which is 0.1219, 93% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0778 | 0.0664 | 0.0903 | 10 |
| 1990s | 0.0735 | 0.0614 | 0.0891 | 10 |
| 2000s | 0.09 | 0.0839 | 0.1004 | 10 |
| 2010s | 0.0985 | 0.0843 | 0.1145 | 10 |
| 2020s | 0.1128 | 0.1128 | 0.1128 | 1 |
Countries ranked near Senegal
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 financial development index in Senegal?
- Financial development index in Senegal was 0.1128 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Senegal?
- The highest recorded value was 0.1145 in 2019.
- What is the lowest financial development index recorded in Senegal?
- The lowest recorded value was 0.0614 in 1991.
- How does Senegal rank for financial development index?
- Senegal ranks 153rd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Senegal?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.