Financial system deposits to GDP in Senegal
Senegal: Financial system deposits to GDP was 34.9% in 2021. ◆ Volatile
Financial system deposits to GDP in Senegal, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Senegal recorded 34.9% for financial system deposits to gdp in 2021. That is the highest value across all 62 years on record.
That represents a change of up 2.0% on the previous year and up 38.7% over ten years.
Over the whole period, financial system deposits to gdp in Senegal peaked at 34.9% in 2021 and was at its lowest, 4.5%, in 1964.
That places Senegal 132nd out of 185 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial system deposits to GDP in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 4.7% | — |
| 1961 | 5.0% | +4.8% |
| 1962 | 5.9% | +19.2% |
| 1963 | 5.2% | -11.4% |
| 1964 | 4.5% | -14.9% |
| 1965 | 4.5% | +1.1% |
| 1966 | 4.5% | +0.1% |
| 1967 | 4.6% | +2.4% |
| 1968 | 5.0% | +8.1% |
| 1969 | 5.2% | +4.3% |
| 1970 | 5.7% | +9.8% |
| 1971 | 5.6% | -1.8% |
| 1972 | 6.2% | +10.4% |
| 1973 | 7.7% | +23.6% |
| 1974 | 9.3% | +21.7% |
| 1975 | 8.9% | -5.2% |
| 1976 | 11.3% | +27.3% |
| 1977 | 12.3% | +8.7% |
| 1978 | 14.7% | +19.9% |
| 1979 | 13.3% | -9.4% |
| 1980 | 13.0% | -2.8% |
| 1981 | 12.6% | -2.5% |
| 1982 | 13.2% | +4.4% |
| 1983 | 14.1% | +6.9% |
| 1984 | 13.6% | -3.6% |
| 1985 | 12.4% | -9.1% |
| 1986 | 12.1% | -2.0% |
| 1987 | 11.8% | -2.4% |
| 1988 | 12.6% | +6.2% |
| 1989 | 13.1% | +4.4% |
| 1990 | 12.7% | -3.1% |
| 1991 | 13.2% | +4.0% |
| 1992 | 13.3% | +0.8% |
| 1993 | 11.5% | -13.6% |
| 1994 | 11.3% | -1.6% |
| 1995 | 10.9% | -3.6% |
| 1996 | 12.4% | +13.3% |
| 1997 | 12.3% | -0.5% |
| 1998 | 12.2% | -1.1% |
| 1999 | 13.0% | +7.1% |
| 2000 | 14.4% | +10.1% |
| 2001 | 14.2% | -0.7% |
| 2002 | 15.9% | +11.5% |
| 2003 | 18.3% | +14.9% |
| 2004 | 20.4% | +11.9% |
| 2005 | 20.1% | -1.7% |
| 2006 | 20.9% | +4.1% |
| 2007 | 21.8% | +4.5% |
| 2008 | 20.2% | -7.6% |
| 2009 | 22.7% | +12.5% |
| 2010 | 24.7% | +8.9% |
| 2011 | 25.2% | +1.9% |
| 2012 | 25.5% | +1.3% |
| 2013 | 26.7% | +4.7% |
| 2014 | 28.5% | +6.7% |
| 2015 | 29.6% | +3.9% |
| 2016 | 29.1% | -1.8% |
| 2017 | 29.3% | +0.6% |
| 2018 | 31.6% | +8.1% |
| 2019 | 32.1% | +1.4% |
| 2020 | 34.3% | +6.7% |
| 2021 | 34.9% | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.9% | 4.5% | 5.9% | 10 |
| 1970s | 9.5% | 5.6% | 14.7% | 10 |
| 1980s | 12.8% | 11.8% | 14.1% | 10 |
| 1990s | 12.3% | 10.9% | 13.3% | 10 |
| 2000s | 18.9% | 14.2% | 22.7% | 10 |
| 2010s | 28.2% | 24.7% | 32.1% | 10 |
| 2020s | 34.6% | 34.3% | 34.9% | 2 |
Countries ranked near Senegal
More financial sector data for Senegal
- Net domestic credit (current LCU), annual growth rate 10.99 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 309.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 605,208 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 12 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 98.08 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 191,717 current LCU per person (2025)
- Net migration, annual growth rate -22.6 % change on previous year (2025)
- Net migration -12,636 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 30.9% (2025)
Frequently asked questions
- What is financial system deposits to gdp in Senegal?
- Financial system deposits to gdp in Senegal was 34.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Senegal?
- The highest recorded value was 34.9% in 2021.
- What is the lowest financial system deposits to gdp recorded in Senegal?
- The lowest recorded value was 4.5% in 1964.
- How does Senegal rank for financial system deposits to gdp?
- Senegal ranks 132nd out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Senegal?
- Over the last ten years it is up 38.7%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).