Primary income payments in Senegal
Senegal: Primary income payments was 1.86 billion BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
1.86 billion BoP, current US$
Change on year
up 29.1%
World rank
105th
of 200 countries
All-time high
1.86 billion BoP, current US$
in 2023
All-time low
58.62 million BoP, current US$
in 1974
Years of data
50
1974–2023
Primary income payments in Senegal, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, primary income payments in Senegal stood at 1.86 billion BoP, current US$. That is the highest value across all 50 years on record.
The figure is up 29.1% on the previous year and up 205.3% over ten years.
Over the whole period, primary income payments in Senegal peaked at 1.86 billion BoP, current US$ in 2023 and was at its lowest, 58.62 million BoP, current US$, in 1974.
Senegal ranks 105th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Senegal, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 58.62 million BoP, current US$ | — |
| 1975 | 83.85 million BoP, current US$ | +43.0% |
| 1976 | 68.59 million BoP, current US$ | -18.2% |
| 1977 | 63.95 million BoP, current US$ | -6.8% |
| 1978 | 87.57 million BoP, current US$ | +36.9% |
| 1979 | 95.62 million BoP, current US$ | +9.2% |
| 1980 | 122.02 million BoP, current US$ | +27.6% |
| 1981 | 115.85 million BoP, current US$ | -5.1% |
| 1982 | 117.04 million BoP, current US$ | +1.0% |
| 1983 | 123.92 million BoP, current US$ | +5.9% |
| 1984 | 138.28 million BoP, current US$ | +11.6% |
| 1985 | 133.89 million BoP, current US$ | -3.2% |
| 1986 | 173.63 million BoP, current US$ | +29.7% |
| 1987 | 205.10 million BoP, current US$ | +18.1% |
| 1988 | 222.33 million BoP, current US$ | +8.4% |
| 1989 | 219.49 million BoP, current US$ | -1.3% |
| 1990 | 213.28 million BoP, current US$ | -2.8% |
| 1991 | 175.85 million BoP, current US$ | -17.5% |
| 1992 | 173.03 million BoP, current US$ | -1.6% |
| 1993 | 162.27 million BoP, current US$ | -6.2% |
| 1994 | 164.48 million BoP, current US$ | +1.4% |
| 1995 | 211.52 million BoP, current US$ | +28.6% |
| 1996 | 154.46 million BoP, current US$ | -27.0% |
| 1997 | 139.42 million BoP, current US$ | -9.7% |
| 1998 | 164.37 million BoP, current US$ | +17.9% |
| 1999 | 199.19 million BoP, current US$ | +21.2% |
| 2000 | 197.16 million BoP, current US$ | -1.0% |
| 2001 | 172.07 million BoP, current US$ | -12.7% |
| 2002 | 198.28 million BoP, current US$ | +15.2% |
| 2003 | 256.12 million BoP, current US$ | +29.2% |
| 2004 | 287.97 million BoP, current US$ | +12.4% |
| 2005 | 296.57 million BoP, current US$ | +3.0% |
| 2006 | 238.98 million BoP, current US$ | -19.4% |
| 2007 | 275.81 million BoP, current US$ | +15.4% |
| 2008 | 339.89 million BoP, current US$ | +23.2% |
| 2009 | 342.43 million BoP, current US$ | +0.7% |
| 2010 | 355.87 million BoP, current US$ | +3.9% |
| 2011 | 549.66 million BoP, current US$ | +54.5% |
| 2012 | 543.77 million BoP, current US$ | -1.1% |
| 2013 | 607.70 million BoP, current US$ | +11.8% |
| 2014 | 673.32 million BoP, current US$ | +10.8% |
| 2015 | 677.67 million BoP, current US$ | +0.6% |
| 2016 | 803.67 million BoP, current US$ | +18.6% |
| 2017 | 922.00 million BoP, current US$ | +14.7% |
| 2018 | 1.05 billion BoP, current US$ | +13.3% |
| 2019 | 1.10 billion BoP, current US$ | +5.4% |
| 2020 | 1.09 billion BoP, current US$ | -1.2% |
| 2021 | 1.14 billion BoP, current US$ | +5.3% |
| 2022 | 1.44 billion BoP, current US$ | +25.6% |
| 2023 | 1.86 billion BoP, current US$ | +29.1% |
Senegal compared with similar countries
- Senegal's 1.86 billion BoP, current US$ is above the median for lower middle income countries, which is 1.37 billion BoP, current US$, 1.4× the median. (47 countries reporting)
- Senegal's 1.86 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 558.91 million BoP, current US$, 3.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 76.37 million BoP, current US$ | 58.62 million BoP, current US$ | 95.62 million BoP, current US$ | 6 |
| 1980s | 157.15 million BoP, current US$ | 115.85 million BoP, current US$ | 222.33 million BoP, current US$ | 10 |
| 1990s | 175.79 million BoP, current US$ | 139.42 million BoP, current US$ | 213.28 million BoP, current US$ | 10 |
| 2000s | 260.53 million BoP, current US$ | 172.07 million BoP, current US$ | 342.43 million BoP, current US$ | 10 |
| 2010s | 727.97 million BoP, current US$ | 355.87 million BoP, current US$ | 1.10 billion BoP, current US$ | 10 |
| 2020s | 1.38 billion BoP, current US$ | 1.09 billion BoP, current US$ | 1.86 billion BoP, current US$ | 4 |
Countries ranked near Senegal
- 102 Trinidad and Tobago 2.13 billion BoP, current US$ compare
- 103 Papua New Guinea 2.00 billion BoP, current US$ compare
- 104 Bolivia 1.88 billion BoP, current US$ compare
- 106 Libya 1.85 billion BoP, current US$ compare
- 107 Syria 1.83 billion BoP, current US$ compare
- 108 Congo 1.71 billion BoP, current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 48.08 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.6 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -57.9 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0627 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 108.98 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 7.93 % change on previous year (2025)
Frequently asked questions
- What is primary income payments in Senegal?
- Primary income payments in Senegal was 1.86 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Senegal?
- The highest recorded value was 1.86 billion BoP, current US$ in 2023.
- What is the lowest primary income payments recorded in Senegal?
- The lowest recorded value was 58.62 million BoP, current US$ in 1974.
- How does Senegal rank for primary income payments?
- Senegal ranks 105th out of 200 countries with data for 2023.
- Is primary income payments rising or falling in Senegal?
- Over the last ten years it is up 205.3%. 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.