Services balance (credit less debit), Net (credits less debits) (US) in Senegal
Senegal: Services balance (credit less debit), Net (credits less debits) (US) 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) (US) 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% |
Senegal compared with similar countries
- Senegal's -2.59 billion is below the median for lower middle income countries, which is -329.10 million, 7.9× the median. (46 countries reporting)
- Senegal's -2.59 billion is below the median for Sub-Saharan Africa, which is -399.59 million, 6.5× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) in Senegal changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -289.4% | -453.81 million | -1.77 billion |
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
- 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 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.