Goods balance (credit less debit), Net (credits less debits) in Senegal
Senegal: Goods balance (credit less debit), Net (credits less debits) was -5.32 billion in 2023. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Senegal, 2005–2023
Source: International Monetary Fund.
Analysis
In 2023, goods balance (credit less debit), net (credits less debits) in Senegal stood at -5.32 billion. That is the lowest value across all 19 years on record.
That represents a change of down 10.3% on the previous year and down 78.6% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Senegal peaked at -1.29 billion in 2005 and was at its lowest, -5.32 billion, in 2023.
Senegal ranks 152nd of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.29 billion | — |
| 2006 | -1.59 billion | +23.4% |
| 2007 | -2.48 billion | +55.3% |
| 2008 | -3.40 billion | +37.4% |
| 2009 | -2.03 billion | -40.2% |
| 2010 | -1.92 billion | -5.6% |
| 2011 | -2.51 billion | +30.8% |
| 2012 | -2.88 billion | +14.6% |
| 2013 | -2.98 billion | +3.5% |
| 2014 | -2.80 billion | -5.9% |
| 2015 | -2.16 billion | -23.1% |
| 2016 | -1.97 billion | -8.8% |
| 2017 | -2.70 billion | +37.5% |
| 2018 | -3.40 billion | +25.7% |
| 2019 | -2.88 billion | -15.2% |
| 2020 | -2.80 billion | -2.9% |
| 2021 | -3.00 billion | +7.2% |
| 2022 | -4.83 billion | +61.0% |
| 2023 | -5.32 billion | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.16 billion | -3.40 billion | -1.29 billion | 5 |
| 2010s | -2.62 billion | -3.40 billion | -1.92 billion | 10 |
| 2020s | -3.99 billion | -5.32 billion | -2.80 billion | 4 |
Countries ranked near Senegal
- 149 Canada -4.96 billion compare
- 150 Tanzania, United Republic of -5.07 billion compare
- 151 Afghanistan -5.10 billion compare
- 153 Kosovo -5.33 billion compare
- 154 Bulgaria -5.44 billion compare
- 155 Republic of Moldova -5.62 billion compare
More financial sector data for Senegal
- Net domestic credit (current LCU), per capita 605,208 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 309.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.99 % change on previous year (2025)
- 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)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Senegal?
- Goods balance (credit less debit), net (credits less debits) in Senegal was -5.32 billion in 2023, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Senegal?
- The highest recorded value was -1.29 billion in 2005.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Senegal?
- The lowest recorded value was -5.32 billion in 2023.
- How does Senegal rank for goods balance (credit less debit), net (credits less debits)?
- Senegal ranks 152nd out of 198 countries with data for 2023.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Senegal?
- Over the last ten years it is down 78.6%. 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 Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.