Current account balance in Senegal
Senegal: Current account balance was -19.8% 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 % of GDP.
Analysis
The most recent figure for current account balance 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 in Senegal peaked at -2.3% in 1977 and was at its lowest, -19.9%, in 2022.
That places Senegal 189th out of 199 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.
Current account balance in Senegal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | -3.1% | — |
| 1975 | -3.0% | -3.2% |
| 1976 | -3.2% | +6.5% |
| 1977 | -2.3% | -29.2% |
| 1978 | -7.2% | +214.5% |
| 1979 | -6.5% | -10.0% |
| 1980 | -8.6% | +32.6% |
| 1981 | -11.3% | +31.6% |
| 1982 | -6.6% | -41.3% |
| 1983 | -8.5% | +28.9% |
| 1984 | -7.8% | -8.3% |
| 1985 | -9.4% | +20.4% |
| 1986 | -6.8% | -27.4% |
| 1987 | -6.6% | -3.1% |
| 1988 | -6.3% | -4.8% |
| 1989 | -5.5% | -13.3% |
| 1990 | -4.9% | -10.1% |
| 1991 | -5.1% | +4.2% |
| 1992 | -5.2% | +0.8% |
| 1993 | -5.9% | +13.8% |
| 1994 | -3.7% | -36.6% |
| 1995 | -3.9% | +3.8% |
| 1996 | -3.1% | -20.8% |
| 1997 | -3.1% | -0.0% |
| 1998 | -3.8% | +24.3% |
| 1999 | -4.9% | +27.7% |
| 2000 | -5.5% | +14.1% |
| 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% | +74.2% |
| 2018 | -9.6% | +31.6% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.2% | -7.2% | -2.3% | 6 |
| 1980s | -7.7% | -11.3% | -5.5% | 10 |
| 1990s | -4.3% | -5.9% | -3.1% | 10 |
| 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
- 186 Malawi -18.8% compare
- 187 Bhutan -19.4% compare
- 188 Republic of Moldova -19.6% compare
- 190 Curaçao -20.0% compare
- 191 Montenegro -20.4% compare
- 192 Kyrgyzstan -22.6% compare
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)
- Manufacturing, value added (constant LCU), per capita 130,917 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 18.6 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2615 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 511.11 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 13.82 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 152.16 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 297,430 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 16.68 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Senegal?
- Current account balance in Senegal was -19.8% 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 -2.3% in 1977.
- What is the lowest current account balance recorded in Senegal?
- The lowest recorded value was -19.9% in 2022.
- How does Senegal rank for current account balance?
- Senegal ranks 189th out of 199 countries with data for 2023.
- Is current account balance 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.