Services balance (credit less debit), Net (credits less debits) in Senegal
Senegal: Services balance (credit less debit), Net (credits less debits) was -2.59 billion in 2023. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Senegal, 2005–2023
Source: International Monetary Fund.
Analysis
Senegal recorded -2.59 billion for services balance (credit less debit), net (credits less debits) in 2023. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 5.7% on the previous year and down 2,192.1% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Senegal peaked at -41.67 million in 2006 and was at its lowest, -2.59 billion, in 2023.
That places Senegal 157th out of 197 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -48.59 million | — |
| 2006 | -41.67 million | -14.2% |
| 2007 | -54.30 million | +30.3% |
| 2008 | -133.95 million | +146.7% |
| 2009 | -131.77 million | -1.6% |
| 2010 | -70.72 million | -46.3% |
| 2011 | -124.39 million | +75.9% |
| 2012 | -107.55 million | -13.5% |
| 2013 | -113.21 million | +5.3% |
| 2014 | -130.97 million | +15.7% |
| 2015 | -115.86 million | -11.5% |
| 2016 | -121.16 million | +4.6% |
| 2017 | -204.06 million | +68.4% |
| 2018 | -276.85 million | +35.7% |
| 2019 | -453.81 million | +63.9% |
| 2020 | -1.77 billion | +289.4% |
| 2021 | -2.50 billion | +41.5% |
| 2022 | -2.45 billion | -1.8% |
| 2023 | -2.59 billion | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -82.06 million | -133.95 million | -41.67 million | 5 |
| 2010s | -171.86 million | -453.81 million | -70.72 million | 10 |
| 2020s | -2.33 billion | -2.59 billion | -1.77 billion | 4 |
Countries ranked near Senegal
More financial sector data for Senegal
- Net domestic credit (current LCU), annual growth rate 10.99 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 309.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 605,208 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 12 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 98.08 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 191,717 current LCU per person (2025)
- Net migration, annual growth rate -22.6 % change on previous year (2025)
- Net migration -12,636 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 30.9% (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Senegal?
- Services balance (credit less debit), net (credits less debits) in Senegal was -2.59 billion in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Senegal?
- The highest recorded value was -41.67 million in 2006.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Senegal?
- The lowest recorded value was -2.59 billion in 2023.
- How does Senegal rank for services balance (credit less debit), net (credits less debits)?
- Senegal ranks 157th out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Senegal?
- Over the last ten years it is down 2,192.1%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.