Current account balance as a proportion of GDP (%) in Senegal
Senegal: Current account balance as a proportion of GDP (%) was -19.8% in 2023. ◆ Volatile
Current account balance as a proportion of GDP in Senegal, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Senegal is -19.8%, measured in 2023.
The figure is up 0.8% on the previous year and down 141.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in Senegal peaked at -3.7% in 2010 and was at its lowest, -19.9%, in 2022.
Senegal ranks 195th of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -5.5% | — |
| 2001 | -3.8% | -31.9% |
| 2002 | -4.5% | +20.4% |
| 2003 | -5.0% | +9.8% |
| 2004 | -5.1% | +1.7% |
| 2005 | -6.1% | +21.0% |
| 2006 | -7.4% | +20.0% |
| 2007 | -9.4% | +27.3% |
| 2008 | -11.2% | +19.7% |
| 2009 | -5.3% | -52.7% |
| 2010 | -3.7% | -31.1% |
| 2011 | -6.4% | +76.3% |
| 2012 | -8.7% | +34.2% |
| 2013 | -8.2% | -5.3% |
| 2014 | -6.8% | -17.0% |
| 2015 | -5.3% | -21.9% |
| 2016 | -4.2% | -21.4% |
| 2017 | -7.3% | +74.0% |
| 2018 | -9.6% | +31.8% |
| 2019 | -8.1% | -15.4% |
| 2020 | -10.9% | +33.8% |
| 2021 | -12.1% | +11.4% |
| 2022 | -19.9% | +65.0% |
| 2023 | -19.8% | -0.8% |
Senegal compared with similar countries
- Senegal's -19.8% is below the median for lower middle income countries, which is -0.8%, 24.1× the median. (43 countries reporting)
- Senegal's -19.8% is below the median for Sub-Saharan Africa, which is -4.1%, 4.8× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.3% | -11.2% | -3.8% | 10 |
| 2010s | -6.8% | -9.6% | -3.7% | 10 |
| 2020s | -15.7% | -19.9% | -10.9% | 4 |
Countries ranked near Senegal
More economy & growth data for Senegal
- Real gdp growth, annual growth rate 44.3 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.03 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -94.17 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.5431 units per person (2025)
- SDRs holdings, SDR, annual growth rate -94.45 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.3965 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.89 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Senegal?
- Current account balance as a proportion of gdp in Senegal was -19.8% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Senegal?
- The highest recorded value was -3.7% in 2010.
- What is the lowest current account balance as a proportion of gdp recorded in Senegal?
- The lowest recorded value was -19.9% in 2022.
- How does Senegal rank for current account balance as a proportion of gdp?
- Senegal ranks 195th out of 205 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Senegal?
- Over the last ten years it is down 141.5%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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