Gross savings in Senegal
Senegal: Gross savings was 4.27 trillion current LCU in 2023. ◆ Volatile
Gross savings in Senegal, 1974–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2023, gross savings in Senegal stood at 4.27 trillion current LCU.
Compared with earlier readings it is down 2.1% on the previous year and up 180.6% over ten years.
Over the whole period, gross savings in Senegal peaked at 4.36 trillion current LCU in 2022 and was at its lowest, 31.13 billion current LCU, in 1993.
That places Senegal 40th out of 177 countries with data for 2023, putting it in the top 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 | 96.37 billion current LCU | 72.91 billion current LCU | 110.91 billion current LCU | 6 |
| 1980s | 72.56 billion current LCU | 33.21 billion current LCU | 115.87 billion current LCU | 10 |
| 1990s | 219.55 billion current LCU | 31.13 billion current LCU | 468.27 billion current LCU | 10 |
| 2000s | 825.54 billion current LCU | 481.61 billion current LCU | 1.14 trillion current LCU | 10 |
| 2010s | 2.08 trillion current LCU | 1.21 trillion current LCU | 3.27 trillion current LCU | 10 |
| 2020s | 4.03 trillion current LCU | 3.49 trillion current LCU | 4.36 trillion current LCU | 4 |
Countries ranked near Senegal
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 gross savings in Senegal?
- Gross savings in Senegal was 4.27 trillion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Senegal?
- The highest recorded value was 4.36 trillion current LCU in 2022.
- What is the lowest gross savings recorded in Senegal?
- The lowest recorded value was 31.13 billion current LCU in 1993.
- How does Senegal rank for gross savings?
- Senegal ranks 40th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Senegal?
- Over the last ten years it is up 180.6%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.