Private credit by deposit money banks and other financial in Senegal
Senegal: Private credit by deposit money banks and other financial was 28.8% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Senegal, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Senegal recorded 28.8% for private credit by deposit money banks and other financial in 2021.
That represents a change of down 1.0% on the previous year and up 24.2% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Senegal peaked at 29.6% in 2017 and was at its lowest, 8.5%, in 1967.
That places Senegal 124th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 11.7% | — |
| 1961 | 11.3% | -3.9% |
| 1962 | 12.3% | +9.4% |
| 1963 | 11.9% | -3.3% |
| 1964 | 11.5% | -3.8% |
| 1965 | 11.3% | -1.7% |
| 1966 | 9.7% | -13.5% |
| 1967 | 8.5% | -13.0% |
| 1968 | 9.8% | +15.1% |
| 1969 | 10.5% | +7.2% |
| 1970 | 10.2% | -2.6% |
| 1971 | 10.5% | +2.6% |
| 1972 | 11.3% | +7.6% |
| 1973 | 15.1% | +34.3% |
| 1974 | 17.6% | +16.4% |
| 1975 | 17.5% | -0.4% |
| 1976 | 17.7% | +0.9% |
| 1977 | 19.9% | +12.4% |
| 1978 | 26.3% | +32.2% |
| 1979 | 26.5% | +1.1% |
| 1980 | 28.2% | +6.1% |
| 1981 | 29.0% | +3.0% |
| 1982 | 26.8% | -7.5% |
| 1983 | 27.0% | +0.5% |
| 1984 | 24.4% | -9.3% |
| 1985 | 23.0% | -5.9% |
| 1986 | 20.9% | -9.3% |
| 1987 | 20.6% | -1.3% |
| 1988 | 22.6% | +9.6% |
| 1989 | 21.7% | -3.7% |
| 1990 | 20.4% | -6.2% |
| 1991 | 19.4% | -5.1% |
| 1992 | 20.3% | +4.9% |
| 1993 | 20.3% | +0.2% |
| 1994 | 12.5% | -38.5% |
| 1995 | 11.3% | -10.0% |
| 1996 | 12.2% | +8.8% |
| 1997 | 12.1% | -0.8% |
| 1998 | 11.4% | -6.2% |
| 1999 | 11.9% | +4.5% |
| 2000 | 14.5% | +21.9% |
| 2001 | 13.7% | -5.7% |
| 2002 | 14.0% | +2.6% |
| 2003 | 15.4% | +9.6% |
| 2004 | 16.1% | +4.5% |
| 2005 | 18.3% | +14.1% |
| 2006 | 18.1% | -1.3% |
| 2007 | 18.3% | +1.0% |
| 2008 | 19.1% | +4.3% |
| 2009 | 19.6% | +2.7% |
| 2010 | 20.5% | +4.8% |
| 2011 | 23.2% | +13.1% |
| 2012 | 23.7% | +2.2% |
| 2013 | 25.8% | +8.7% |
| 2014 | 26.2% | +1.5% |
| 2015 | 26.0% | -0.9% |
| 2016 | 27.8% | +6.9% |
| 2017 | 29.6% | +6.7% |
| 2018 | 29.5% | -0.4% |
| 2019 | 29.6% | +0.3% |
| 2020 | 29.1% | -1.6% |
| 2021 | 28.8% | -1.0% |
Senegal compared with similar countries
- Senegal's 28.8% is above the median for lower middle income countries, which is 24.6%, 1.2× the median. (46 countries reporting)
- Senegal's 28.8% is above the median for Sub-Saharan Africa, which is 15.4%, 1.9× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.8% | 8.5% | 12.3% | 10 |
| 1970s | 17.2% | 10.2% | 26.5% | 10 |
| 1980s | 24.4% | 20.6% | 29.0% | 10 |
| 1990s | 15.2% | 11.3% | 20.4% | 10 |
| 2000s | 16.7% | 13.7% | 19.6% | 10 |
| 2010s | 26.2% | 20.5% | 29.6% | 10 |
| 2020s | 29.0% | 28.8% | 29.1% | 2 |
Countries ranked near Senegal
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)
- Reserve tranche position, SDR, per capita 2.25 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve tranche position, US dollar, per capita 3.09 units per person (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, SDR, per capita 2.25 units per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Senegal?
- Private credit by deposit money banks and other financial in Senegal was 28.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Senegal?
- The highest recorded value was 29.6% in 2017.
- What is the lowest private credit by deposit money banks and other financial recorded in Senegal?
- The lowest recorded value was 8.5% in 1967.
- How does Senegal rank for private credit by deposit money banks and other financial?
- Senegal ranks 124th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Senegal?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)