Trade in services (% of GDP) in Senegal
Senegal: Trade in services (% of GDP) was 18.1% in 2023. ▬ Flat
Trade in services 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 trade in services in Senegal is 18.1%, measured in 2023.
Compared with earlier readings it is down 5.6% on the previous year and up 23.5% over ten years.
Over the whole period, trade in services in Senegal peaked at 21.3% in 1981 and was at its lowest, 11.2%, in 1975.
Senegal ranks 115th of 200 countries on this measure, in the middle of the range.
Trade in services (% of GDP) in Senegal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 12.1% | — |
| 1975 | 11.2% | -7.7% |
| 1976 | 11.6% | +4.3% |
| 1977 | 12.7% | +9.0% |
| 1978 | 13.8% | +8.4% |
| 1979 | 14.4% | +4.4% |
| 1980 | 15.0% | +4.5% |
| 1981 | 21.3% | +42.3% |
| 1982 | 18.3% | -14.3% |
| 1983 | 19.6% | +6.9% |
| 1984 | 18.3% | -6.3% |
| 1985 | 16.8% | -8.1% |
| 1986 | 15.2% | -9.8% |
| 1987 | 13.4% | -12.0% |
| 1988 | 14.3% | +6.9% |
| 1989 | 14.3% | +0.2% |
| 1990 | 16.1% | +12.4% |
| 1991 | 14.8% | -8.3% |
| 1992 | 14.6% | -1.0% |
| 1993 | 13.5% | -7.6% |
| 1994 | 18.0% | +33.1% |
| 1995 | 17.2% | -4.1% |
| 1996 | 11.7% | -31.9% |
| 1997 | 12.6% | +7.2% |
| 1998 | 13.4% | +6.2% |
| 1999 | 12.8% | -4.0% |
| 2000 | 13.2% | +2.7% |
| 2001 | 12.5% | -5.1% |
| 2002 | 13.5% | +8.0% |
| 2003 | 13.2% | -1.9% |
| 2004 | 13.6% | +2.4% |
| 2005 | 14.3% | +5.4% |
| 2006 | 14.1% | -1.6% |
| 2007 | 17.5% | +24.1% |
| 2008 | 16.1% | -7.7% |
| 2009 | 13.5% | -16.4% |
| 2010 | 13.5% | -0.1% |
| 2011 | 13.8% | +2.7% |
| 2012 | 14.4% | +4.5% |
| 2013 | 14.7% | +1.5% |
| 2014 | 14.0% | -4.3% |
| 2015 | 14.1% | +0.4% |
| 2016 | 13.4% | -4.6% |
| 2017 | 13.4% | +0.1% |
| 2018 | 13.5% | +0.3% |
| 2019 | 14.0% | +3.5% |
| 2020 | 14.3% | +2.6% |
| 2021 | 18.5% | +28.7% |
| 2022 | 19.2% | +3.9% |
| 2023 | 18.1% | -5.6% |
Senegal compared with similar countries
- Senegal's 18.1% is above the median for lower middle income countries, which is 13.8%, 1.3× the median. (47 countries reporting)
- Senegal's 18.1% is above the median for Sub-Saharan Africa, which is 12.7%, 1.4× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.6% | 11.2% | 14.4% | 6 |
| 1980s | 16.7% | 13.4% | 21.3% | 10 |
| 1990s | 14.5% | 11.7% | 18.0% | 10 |
| 2000s | 14.1% | 12.5% | 17.5% | 10 |
| 2010s | 13.9% | 13.4% | 14.7% | 10 |
| 2020s | 17.5% | 14.3% | 19.2% | 4 |
Countries ranked near Senegal
- 112 New Caledonia 18.9% compare
- 113 Slovakia 18.8% compare
- 114 Philippines 18.4% compare
- 116 South Korea 17.9% compare
- 117 Syria 17.7% compare
- 118 Egypt 17.4% 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)
- SDRs holdings, US dollar, annual growth rate -94.17 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.5431 units per person (2025)
- SDRs holdings, SDR, annual growth rate -94.45 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.3965 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.89 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0282 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Senegal?
- Trade in services in Senegal was 18.1% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Senegal?
- The highest recorded value was 21.3% in 1981.
- What is the lowest trade in services recorded in Senegal?
- The lowest recorded value was 11.2% in 1975.
- How does Senegal rank for trade in services?
- Senegal ranks 115th out of 200 countries with data for 2023.
- Is trade in services rising or falling in Senegal?
- Over the last ten years it is up 23.5%. The long-run trend across the full record is flat.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.