Senegal's primary income payments (BoP, current US$) was US$1.86 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 205.27% from US$607.7 million in 2013 (11.81% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.86 billion | 2023 |
| Five years earlier | US$1.05 billion | 2018 |
| Ten years earlier | US$607.7 million | 2013 |
| Highest | US$1.86 billion | 2023 |
| Lowest | US$58.62 million | 1974 |
| Average since 2014 | US$1.07 billion | 2014–2023 |
| First recorded | US$58.62 million |
What the numbers say
In 2023, Senegal's primary income payments (BoP, current US$) rose 29.1% on 2022 (from US$1.44 billion to US$1.86 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +8.5% and a typical year strayed about 16.1% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 54.5% in 2011 and the biggest yearly fall was 27% in 1996. 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 upward, about US$110.38 million a year. A straight line explains 86% 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.
A straight-line projection, tested first
Extending that straight line gives about US$1.83 billion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was US$240.77 million, against US$391.57 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2023, Senegal had the 1st 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.
| Value | Year | |
|---|---|---|
| Senegal | US$1.86 billion | 2023 |
| World | US$7.99 trillion | 2024 |
| Sub-Saharan Africa | US$86.89 billion | 2024 |
| Lower middle income | US$208.52 billion | 2024 |
Closest to Senegal in the 2023 ranking
What this measures
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 50 values
| Year | Primary income payments (BoP, current US$) |
|---|---|
| 2023 | 1,855,104,597 |
| 2022 | 1,437,483,828 |
| 2021 | 1,144,716,860 |
| 2020 | 1,087,529,396 |
| 2019 | 1,101,038,514 |
| 2018 | 1,045,014,675 |
| 2017 | 921,994,966 |
| 2016 | 803,671,764 |
| 2015 | 677,674,852 |
| 2014 | 673,321,204 |
Primary income payments (BoP, current US$) in nearby economies
- Angola — US$6.72 billion (2025)
- Benin — US$533.3 million (2023)
- Botswana — US$549.97 million (2025)
- Burkina Faso — US$1.45 billion (2024)
- Burundi — US$54.54 million (2025)
- Cabo Verde — US$101.33 million (2025)
- Cameroon — US$1.34 billion (2024)
- Comoros — US$7.72 million (2023)
- Congo, Dem. Rep. — US$3.76 billion (2025)
- Congo, Rep. — US$1.71 billion (2021)
More economic policy & debt data for Senegal
- General government final consumption expenditure (current US$) — 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 primary income payments (BoP, current US$)?
- US$1.86 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 3,065% from US$58.62 million in 1974 (7.3% a year on average, compounded). The highest value was US$1.86 billion in 2023 and the lowest US$58.62 million in 1974.
Source
World Bank, World Development Indicators, indicator BM.GSR.FCTY.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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