Senegal: Current account balance (current US$, BoP)

Key figures

Over five years it is down 174.09% from −US$2.22 billion in 2018. Since 1974 it is down 9,156% from −US$65.6 million in 1974.

What the numbers say

In 2023, Senegal's current account balance (current US$, BoP) fell US$529.47 million on 2022 (from −US$5.54 billion to −US$6.07 billion).

Across the 30 yearly changes before that (1993 to 2022), the average change was −US$171.37 million and a typical year strayed about US$547.49 million from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$1.03 billion in 2009 and the biggest yearly fall was US$2.22 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is downward, about US$548.22 million a year. A straight line explains 81% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Senegal had the 12th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Senegal in the 2023 ranking

• Curaçao — 9th of 12: −US$654.69 million
• Benin — 10th of 12: −US$1.61 billion
• Lebanon — 11th of 12: −US$5.64 billion

What this measures

Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 50 values

Current account balance (current US$, BoP) in nearby economies

• Angola — US$417.99 million (2025)
• Benin — −US$1.61 billion (2023)
• Botswana — US$583.38 million (2025)
• Burkina Faso — −US$918.24 million (2024)
• Burundi — −US$461.46 million (2025)
• Cabo Verde — US$108.71 million (2025)
• Cameroon — −US$1.75 billion (2024)
• Comoros — −US$24.62 million (2023)
• Congo, Dem. Rep. — −US$3.94 billion (2025)
• Congo, Rep. — US$1.72 billion (2021)
• Côte d'Ivoire — −US$3.89 billion (2024)
• Eswatini — US$122.68 million (2025)
• Ethiopia — −US$3.79 billion (2024)
• Gabon — US$141 million (2015)
• Gambia, The — −US$75.9 million (2025)

More economic policy & debt data for Senegal

• General government final consumption expenditure (current US$) — US$5.69 billion (2025)
• General government final consumption expenditure (current LCU) — 3.31 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$4.21 billion (2025)
• General government final consumption expenditure (constant LCU) — 2.52 trillion (2025)
• General government final consumption expenditure (% of GDP) — 15.39% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$23.62 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 13.75 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$18.96 billion (2025)
• Households and NPISHs final consumption expenditure (constant LCU) — 11.13 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$1,001 (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 63.83% (2025)
• Final consumption expenditure (current US$) — US$29.32 billion (2025)
• Final consumption expenditure (current LCU) — 17.06 trillion (2025)
• Final consumption expenditure (constant 2015 US$) — US$23.18 billion (2025)
• Final consumption expenditure (constant LCU) — 13.66 trillion (2025)

Every indicator for Senegal is on the Senegal data page.

Reading data like this

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Questions people ask

What is Senegal's current account balance (current US$, BoP)?

−US$6.07 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is down 9,156% from −US$65.6 million in 1974. The highest value was −US$65.6 million in 1974 and the lowest −US$6.07 billion in 2023.

How does Senegal rank?

12th highest of 12 economies with data for 2023.

Is the latest change in current account balance (current US$, BoP) unusual for Senegal?

In 2023, Senegal's current account balance (current US$, BoP) fell US$529.47 million on 2022 (from −US$5.54 billion to −US$6.07 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was −US$171.37 million and a typical year strayed about US$547.49 million from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator BN.CAB.XOKA.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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