Senegal's net financial account (BoP, current US$) was −US$5.79 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 394.28% from −US$1.17 billion in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$5.79 billion | 2023 |
| Five years earlier | −US$1.77 billion | 2018 |
| Ten years earlier | −US$1.17 billion | 2013 |
| Highest | US$1.44 billion | 2006 |
| Lowest | −US$5.79 billion | 2023 |
| Average since 2014 | −US$2.3 billion | 2014–2023 |
| First recorded | −US$50.93 million |
What the numbers say
In 2023, Senegal's net financial account (BoP, current US$) fell US$433.69 million on 2022 (from −US$5.35 billion to −US$5.79 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was −US$170.61 million and a typical year strayed about US$813.51 million from that (the standard deviation). This year's change was 0.3 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$1.91 billion in 2006 and the biggest yearly fall was US$2.41 billion in 2007. 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$570.92 million a year. A straight line explains 82% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Senegal had the 13th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Senegal in the 2023 ranking
What this measures
The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Net financial account (BoP, current US$) |
|---|---|
| 2023 | -5,787,734,065 |
| 2022 | -5,354,046,845 |
| 2021 | -3,095,126,061 |
| 2020 | -2,409,874,266 |
| 2019 | -1,519,633,896 |
| 2018 | -1,766,078,954 |
| 2017 | -1,135,318,931 |
| 2016 | -428,888,781 |
| 2015 | -594,266,827 |
| 2014 | -901,557,006 |
Net financial account (BoP, current US$) in nearby economies
- Angola — US$1.3 billion (2025)
- Benin — −US$1.41 billion (2023)
- Botswana — US$499.73 million (2025)
- Burkina Faso — −US$532.6 million (2024)
- Burundi — −US$410.29 million (2025)
- Cabo Verde — US$85.45 million (2025)
- Cameroon — −US$1.52 billion (2024)
- Comoros — US$11.24 million (2023)
- Congo, Dem. Rep. — −US$2.4 billion (2025)
- Congo, Rep. — US$1.36 billion (2021)
More economic policy & debt data for Senegal
- General government final consumption expenditure (current US$) — 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$23.62 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 13.75 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Senegal's net financial account (BoP, current US$)?
- −US$5.79 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is down 11,263% from −US$50.93 million in 1974. The highest value was US$1.44 billion in 2006 and the lowest −US$5.79 billion in 2023.
- How does Senegal rank?
- 13th highest of 12 economies with data for 2023.
- Is the latest change in net financial account (BoP, current US$) unusual for Senegal?
- In 2023, Senegal's net financial account (BoP, current US$) fell US$433.69 million on 2022 (from −US$5.35 billion to −US$5.79 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was −US$170.61 million and a typical year strayed about US$813.51 million from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.FIN.TOTL.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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