Current account balance as a share of GDP in Senegal
Senegal: Current account balance as a share of GDP was -19.8% in 2023. ◆ Volatile
Current account balance as a share of GDP in Senegal, 2000–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Senegal recorded -19.8% for current account balance as a share of gdp in 2023.
That represents a change of up 0.9% on the previous year and down 141.5% over ten years.
Over the whole period, current account balance as a share of gdp in Senegal peaked at -3.7% in 2010 and was at its lowest, -19.9%, in 2022.
Senegal ranks 185th of 193 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 share of GDP in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -5.5% | — |
| 2001 | -3.8% | -31.8% |
| 2002 | -4.5% | +20.1% |
| 2003 | -5.0% | +9.9% |
| 2004 | -5.1% | +1.6% |
| 2005 | -6.1% | +21.1% |
| 2006 | -7.4% | +20.0% |
| 2007 | -9.4% | +27.3% |
| 2008 | -11.2% | +19.6% |
| 2009 | -5.3% | -52.7% |
| 2010 | -3.7% | -31.1% |
| 2011 | -6.5% | +76.2% |
| 2012 | -8.7% | +34.1% |
| 2013 | -8.2% | -5.3% |
| 2014 | -6.8% | -17.0% |
| 2015 | -5.3% | -21.8% |
| 2016 | -4.2% | -21.4% |
| 2017 | -7.3% | +73.9% |
| 2018 | -9.6% | +31.8% |
| 2019 | -8.1% | -15.3% |
| 2020 | -10.8% | +33.8% |
| 2021 | -12.1% | +11.4% |
| 2022 | -19.9% | +65.0% |
| 2023 | -19.8% | -0.9% |
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% | -10.8% | 4 |
Countries ranked near Senegal
More economy & growth data for Senegal
- 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.86 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 521.19 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.02 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.19 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7233 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 1,414 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 7.19 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 425.87 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Senegal?
- Current account balance as a share of gdp in Senegal was -19.8% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Senegal?
- The highest recorded value was -3.7% in 2010.
- What is the lowest current account balance as a share of gdp recorded in Senegal?
- The lowest recorded value was -19.9% in 2022.
- How does Senegal rank for current account balance as a share of gdp?
- Senegal ranks 185th out of 193 countries with data for 2023.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).