Remittance inflows to GDP in Senegal
Senegal: Remittance inflows to GDP was 10.5% in 2020. ◆ Volatile
Remittance inflows to GDP in Senegal, 1974–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Senegal recorded 10.5% for remittance inflows to gdp in 2020.
Compared with earlier readings it is down 3.0% on the previous year and up 14.0% over ten years.
Over the whole period, remittance inflows to gdp in Senegal peaked at 10.8% in 2019 and was at its lowest, 0.4%, in 1974.
That places Senegal 32nd out of 195 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.2% | 0.4% | 1.7% | 6 |
| 1980s | 1.8% | 1.5% | 2.1% | 10 |
| 1990s | 2.3% | 1.9% | 2.8% | 10 |
| 2000s | 6.6% | 3.9% | 8.8% | 10 |
| 2010s | 9.8% | 8.9% | 10.8% | 10 |
| 2020s | 10.5% | 10.5% | 10.5% | 1 |
Countries ranked near Senegal
More financial sector data for Senegal
- 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)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Net migration -12,636 (2025)
- Claims on central government 5.6% (2025)
Frequently asked questions
- What is remittance inflows to gdp in Senegal?
- Remittance inflows to gdp in Senegal was 10.5% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Senegal?
- The highest recorded value was 10.8% in 2019.
- What is the lowest remittance inflows to gdp recorded in Senegal?
- The lowest recorded value was 0.4% in 1974.
- How does Senegal rank for remittance inflows to gdp?
- Senegal ranks 32nd out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Senegal?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.