Net trade in goods and services in Senegal
Senegal: Net trade in goods and services was -7.92 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods and services in Senegal, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods and services in Senegal stood at -7.92 billion BoP, current US$. That is the lowest value across all 50 years on record.
Compared with earlier readings it is down 8.7% on the previous year and down 156.0% over ten years.
Over the whole period, net trade in goods and services in Senegal peaked at -79.18 million BoP, current US$ in 1974 and was at its lowest, -7.92 billion BoP, current US$, in 2023.
That places Senegal 175th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -166.02 million BoP, current US$ | -285.07 million BoP, current US$ | -79.18 million BoP, current US$ | 6 |
| 1980s | -368.09 million BoP, current US$ | -531.92 million BoP, current US$ | -288.01 million BoP, current US$ | 10 |
| 1990s | -372.22 million BoP, current US$ | -517.30 million BoP, current US$ | -283.59 million BoP, current US$ | 10 |
| 2000s | -1.45 billion BoP, current US$ | -3.53 billion BoP, current US$ | -435.91 million BoP, current US$ | 10 |
| 2010s | -2.79 billion BoP, current US$ | -3.67 billion BoP, current US$ | -1.99 billion BoP, current US$ | 10 |
| 2020s | -6.31 billion BoP, current US$ | -7.92 billion BoP, current US$ | -4.56 billion BoP, current US$ | 4 |
Countries ranked near Senegal
- 172 Kenya -7.29 billion BoP, current US$ compare
- 173 Yemen -7.32 billion BoP, current US$ compare
- 174 Jordan -7.71 billion BoP, current US$ compare
- 176 Honduras -8.70 billion BoP, current US$ compare
- 177 El Salvador -8.83 billion BoP, current US$ compare
- 178 Mexico -10.66 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 net trade in goods and services in Senegal?
- Net trade in goods and services in Senegal was -7.92 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Senegal?
- The highest recorded value was -79.18 million BoP, current US$ in 1974.
- What is the lowest net trade in goods and services recorded in Senegal?
- The lowest recorded value was -7.92 billion BoP, current US$ in 2023.
- How does Senegal rank for net trade in goods and services?
- Senegal ranks 175th out of 198 countries with data for 2023.
- Is net trade in goods and services rising or falling in Senegal?
- Over the last ten years it is down 156.0%. 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 Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.