Lending interest rate in Senegal
Senegal: Lending interest rate was 5.3% in 2016. ▼ Falling
Lending interest rate in Senegal, 2005–2016
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2016, lending interest rate in Senegal stood at 5.3%.
That represents a change of up 2.7% on the previous year and up 11.8% over ten years.
Over the whole period, lending interest rate in Senegal peaked at 7.0% in 2005 and was at its lowest, 4.7%, in 2006.
Senegal ranks 114th of 149 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Lending interest rate in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 7.0% | — |
| 2006 | 4.7% | -32.8% |
| 2007 | 4.8% | +0.3% |
| 2008 | 5.0% | +4.9% |
| 2009 | 5.0% | -0.1% |
| 2010 | 5.1% | +2.7% |
| 2011 | 5.3% | +2.8% |
| 2012 | 5.0% | -4.1% |
| 2013 | 5.3% | +4.9% |
| 2014 | 5.3% | +1.0% |
| 2015 | 5.2% | -3.4% |
| 2016 | 5.3% | +2.7% |
Senegal compared with similar countries
- Senegal's 5.3% is below the median for lower middle income countries, which is 11.1%, 48% of the median. (38 countries reporting)
- Senegal's 5.3% is below the median for Sub-Saharan Africa, which is 12.4%, 43% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 4.7% | 7.0% | 5 |
| 2010s | 5.2% | 5.0% | 5.3% | 7 |
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 lending interest rate in Senegal?
- Lending interest rate in Senegal was 5.3% in 2016, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Senegal?
- The highest recorded value was 7.0% in 2005.
- What is the lowest lending interest rate recorded in Senegal?
- The lowest recorded value was 4.7% in 2006.
- How does Senegal rank for lending interest rate?
- Senegal ranks 114th out of 149 countries with data for 2016.
- Is lending interest rate rising or falling in Senegal?
- Over the last ten years it is up 11.8%. The long-run trend across the full record is falling.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.