Financial and insurance activities (banking), value added in Senegal
Senegal: Financial and insurance activities (banking), value added was 134.82 billion constant LCU in 2007. ▲ Rising
Financial and insurance activities (banking), value added in Senegal, 1980–2007
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
In 2007, financial and insurance activities (banking), value added in Senegal stood at 134.82 billion constant LCU. That is the highest value across all 28 years on record.
The figure is up 7.3% on the previous year and up 77.4% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Senegal peaked at 134.82 billion constant LCU in 2007 and was at its lowest, 33.00 billion constant LCU, in 1980.
That places Senegal 4th out of 31 countries with data for 2007, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Financial and insurance activities (banking), value added in Senegal, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 33.00 billion constant LCU | — |
| 1981 | 37.00 billion constant LCU | +12.1% |
| 1982 | 36.00 billion constant LCU | -2.7% |
| 1983 | 40.00 billion constant LCU | +11.1% |
| 1984 | 39.00 billion constant LCU | -2.5% |
| 1985 | 46.00 billion constant LCU | +17.9% |
| 1986 | 50.00 billion constant LCU | +8.7% |
| 1987 | 54.00 billion constant LCU | +8.0% |
| 1988 | 59.00 billion constant LCU | +9.3% |
| 1989 | 66.00 billion constant LCU | +11.9% |
| 1990 | 53.00 billion constant LCU | -19.7% |
| 1991 | 59.00 billion constant LCU | +11.3% |
| 1992 | 61.00 billion constant LCU | +3.4% |
| 1993 | 62.00 billion constant LCU | +1.6% |
| 1994 | 61.00 billion constant LCU | -1.6% |
| 1995 | 66.00 billion constant LCU | +8.2% |
| 1996 | 68.00 billion constant LCU | +3.0% |
| 1997 | 76.00 billion constant LCU | +11.8% |
| 1998 | 77.00 billion constant LCU | +1.3% |
| 1999 | 71.00 billion constant LCU | -7.8% |
| 2000 | 75.00 billion constant LCU | +5.6% |
| 2001 | 89.00 billion constant LCU | +18.7% |
| 2002 | 92.00 billion constant LCU | +3.4% |
| 2003 | 99.00 billion constant LCU | +7.6% |
| 2004 | 112.00 billion constant LCU | +13.1% |
| 2005 | 119.28 billion constant LCU | +6.5% |
| 2006 | 125.65 billion constant LCU | +5.3% |
| 2007 | 134.82 billion constant LCU | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 46.00 billion constant LCU | 33.00 billion constant LCU | 66.00 billion constant LCU | 10 |
| 1990s | 65.40 billion constant LCU | 53.00 billion constant LCU | 77.00 billion constant LCU | 10 |
| 2000s | 105.84 billion constant LCU | 75.00 billion constant LCU | 134.82 billion constant LCU | 8 |
Countries ranked near Senegal
- 1 South Africa 400.38 billion constant LCU compare
- 2 Zambia 326.78 billion constant LCU compare
- 3 Tanzania, United Republic of 141.75 billion constant LCU compare
- 5 Kenya 103.75 billion constant LCU compare
- 6 Rwanda 78.99 billion constant LCU compare
- 7 Burkina Faso 72.50 billion constant LCU 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)
- Services, value added (constant LCU), per capita 449,905 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.49 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 14.47 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8956 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,751 current US$ per person (2025)
- 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)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Senegal?
- Financial and insurance activities (banking), value added in Senegal was 134.82 billion constant LCU in 2007, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Senegal?
- The highest recorded value was 134.82 billion constant LCU in 2007.
- What is the lowest financial and insurance activities (banking), value added recorded in Senegal?
- The lowest recorded value was 33.00 billion constant LCU in 1980.
- How does Senegal rank for financial and insurance activities (banking), value added?
- Senegal ranks 4th out of 31 countries with data for 2007.
- Is financial and insurance activities (banking), value added rising or falling in Senegal?
- Over the last ten years it is up 77.4%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.