Volume of remittances (in United States dollars) as a proportion of in Senegal
Senegal: Volume of remittances (in United States dollars) as a proportion of was 10.6% in 2023. ▲ Rising
Latest (2023)
10.6%
Change on year
up 1.6%
World rank
28th
of 203 countries
All-time high
11.3%
in 2021
All-time low
3.9%
in 2000
Years of data
24
2000–2023
Volume of remittances (in United States dollars) as a proportion of in Senegal, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Senegal is 10.6%, measured in 2023.
Compared with earlier readings it is up 1.6% on the previous year and up 13.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Senegal peaked at 11.3% in 2021 and was at its lowest, 3.9%, in 2000.
That places Senegal 28th out of 203 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Senegal, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 4.7% | +20.4% |
| 2002 | 4.9% | +5.4% |
| 2003 | 5.8% | +18.2% |
| 2004 | 6.3% | +7.7% |
| 2005 | 7.2% | +13.9% |
| 2006 | 7.9% | +10.4% |
| 2007 | 8.5% | +7.7% |
| 2008 | 8.8% | +3.1% |
| 2009 | 8.4% | -4.5% |
| 2010 | 9.2% | +9.3% |
| 2011 | 9.1% | -1.1% |
| 2012 | 8.9% | -1.6% |
| 2013 | 9.4% | +5.3% |
| 2014 | 9.8% | +3.8% |
| 2015 | 9.9% | +1.4% |
| 2016 | 10.4% | +5.2% |
| 2017 | 10.2% | -1.6% |
| 2018 | 10.5% | +2.6% |
| 2019 | 10.8% | +2.8% |
| 2020 | 10.6% | -1.5% |
| 2021 | 11.3% | +5.9% |
| 2022 | 10.5% | -6.9% |
| 2023 | 10.6% | +1.6% |
Senegal compared with similar countries
- Senegal's 10.6% is above the median for lower middle income countries, which is 6.1%, 1.7× the median. (43 countries reporting)
- Senegal's 10.6% is above the median for Sub-Saharan Africa, which is 2.9%, 3.7× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.6% | 3.9% | 8.8% | 10 |
| 2010s | 9.8% | 8.9% | 10.8% | 10 |
| 2020s | 10.8% | 10.5% | 11.3% | 4 |
Countries ranked near Senegal
- 25 Georgia 11.9% compare
- 26 Timor-Leste 11.8% compare
- 26 East Timor 11.8% compare
- 29 French Polynesia 10.6% compare
- 30 Bosnia and Herzegovina 10.6% compare
- 31 Republic of Moldova 10.5% compare
- 31 Moldova 10.5% 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 volume of remittances (in united states dollars) as a proportion of in Senegal?
- Volume of remittances (in united states dollars) as a proportion of in Senegal was 10.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Senegal?
- The highest recorded value was 11.3% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Senegal?
- The lowest recorded value was 3.9% in 2000.
- How does Senegal rank for volume of remittances (in united states dollars) as a proportion of?
- Senegal ranks 28th out of 203 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Senegal?
- Over the last ten years it is up 13.3%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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