Current account balance in Senegal
Senegal: Current account balance was -6.07 billion BoP, current US$ in 2023. ◆ Volatile
Current account balance in Senegal, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Senegal is -6.07 billion BoP, current US$, measured in 2023. That is the lowest value across all 50 years on record.
Compared with earlier readings it is down 9.6% on the previous year and down 291.8% over ten years.
Over the whole period, current account balance in Senegal peaked at -65.60 million BoP, current US$ in 1974 and was at its lowest, -6.07 billion BoP, current US$, in 2023.
That places Senegal 176th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -134.94 million BoP, current US$ | -263.70 million BoP, current US$ | -65.60 million BoP, current US$ | 6 |
| 1980s | -360.06 million BoP, current US$ | -461.52 million BoP, current US$ | -265.61 million BoP, current US$ | 10 |
| 1990s | -295.45 million BoP, current US$ | -432.97 million BoP, current US$ | -184.82 million BoP, current US$ | 10 |
| 2000s | -744.53 million BoP, current US$ | -1.89 billion BoP, current US$ | -245.68 million BoP, current US$ | 10 |
| 2010s | -1.35 billion BoP, current US$ | -2.22 billion BoP, current US$ | -589.48 million BoP, current US$ | 10 |
| 2020s | -4.40 billion BoP, current US$ | -6.07 billion BoP, current US$ | -2.66 billion BoP, current US$ | 4 |
Countries ranked near Senegal
- 173 Slovakia -5.60 billion BoP, current US$ compare
- 174 Lebanon -5.64 billion BoP, current US$ compare
- 175 Uzbekistan -5.78 billion BoP, current US$ compare
- 177 Argentina -7.58 billion BoP, current US$ compare
- 178 Bulgaria -7.64 billion BoP, current US$ compare
- 179 Mexico -8.20 billion BoP, current US$ compare
More economy & growth data for Senegal
- External balance on goods and services as a percent of GDP -6.1% (2025)
- Inflation of consumer prices 1.5% (2025)
- GDP per capita 1,582 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.2% (2025)
- Gross domestic product (GDP) 29.96 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,582 constant 2015 US$ (2025)
- DEC alternative conversion factor 581.93 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 2.51 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 4.31 billion current US$ (2025)
- Taxes less subsidies on products 2.25 trillion current LCU (2025)
Frequently asked questions
- What is current account balance in Senegal?
- Current account balance in Senegal was -6.07 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Senegal?
- The highest recorded value was -65.60 million BoP, current US$ in 1974.
- What is the lowest current account balance recorded in Senegal?
- The lowest recorded value was -6.07 billion BoP, current US$ in 2023.
- How does Senegal rank for current account balance?
- Senegal ranks 176th out of 198 countries with data for 2023.
- Is current account balance rising or falling in Senegal?
- Over the last ten years it is down 291.8%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.