Private credit by deposit money banks to GDP in Senegal
Senegal: Private credit by deposit money banks to GDP was 28.8% in 2021. ▲ Rising
Private credit by deposit money banks to GDP 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 to gdp in 2021.
Compared with earlier readings it is down 1.0% on the previous year and up 24.2% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Senegal peaked at 29.6% in 2017 and was at its lowest, 8.5%, in 1967.
That places Senegal 118th 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 to GDP 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 22.2%, 1.3× 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
- 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 private credit by deposit money banks to gdp in Senegal?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Senegal?
- The highest recorded value was 29.6% in 2017.
- What is the lowest private credit by deposit money banks to gdp recorded in Senegal?
- The lowest recorded value was 8.5% in 1967.
- How does Senegal rank for private credit by deposit money banks to gdp?
- Senegal ranks 118th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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 (IFS line 22d); 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).