Interest rate spread (lending rate minus deposit rate, %) in Senegal
Senegal: Interest rate spread (lending rate minus deposit rate, %) was -1.6% in 2016. ▲ Rising
Interest rate spread in Senegal, 2005–2016
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2016, interest rate spread in Senegal stood at -1.6%.
The figure is up 11.6% on the previous year and up 47.2% over ten years.
Over the whole period, interest rate spread in Senegal peaked at -0.6% in 2005 and was at its lowest, -3.6%, in 2009.
That places Senegal 134th out of 141 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Senegal, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2005 | -0.6% | — |
| 2006 | -3.1% | +452.5% |
| 2007 | -3.1% | -0.8% |
| 2008 | -3.1% | +2.6% |
| 2009 | -3.6% | +14.7% |
| 2010 | -3.3% | -9.1% |
| 2011 | -3.2% | -0.9% |
| 2012 | -3.0% | -9.0% |
| 2013 | -2.4% | -19.9% |
| 2014 | -1.9% | -18.9% |
| 2015 | -1.8% | -3.9% |
| 2016 | -1.6% | -11.6% |
Senegal compared with similar countries
- Senegal's -1.6% is below the median for lower middle income countries, which is 6.3%. (37 countries reporting)
- Senegal's -1.6% is below the median for Sub-Saharan Africa, which is 6.2%. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.7% | -3.6% | -0.6% | 5 |
| 2010s | -2.5% | -3.3% | -1.6% | 7 |
Countries ranked near Senegal
- 131 Qatar 0.1% compare
- 132 Bangladesh -0.7% compare
- 133 Netherlands -0.9% compare
- 134 Cote d'Ivoire -1.6% compare
- 134 Guinea-Bissau -1.6% compare
- 134 Mali -1.6% compare
- 134 Niger -1.6% compare
- 134 Togo -1.6% 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 interest rate spread in Senegal?
- Interest rate spread in Senegal was -1.6% in 2016, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Senegal?
- The highest recorded value was -0.6% in 2005.
- What is the lowest interest rate spread recorded in Senegal?
- The lowest recorded value was -3.6% in 2009.
- How does Senegal rank for interest rate spread?
- Senegal ranks 134th out of 141 countries with data for 2016.
- Is interest rate spread rising or falling in Senegal?
- Over the last ten years it is up 47.2%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.