Senegal's secondary income receipts (BoP, current US$) was US$3.56 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 62.16% from US$2.2 billion in 2013 (4.95% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.56 billion | 2023 |
| Five years earlier | US$2.75 billion | 2018 |
| Ten years earlier | US$2.2 billion | 2013 |
| Highest | US$3.56 billion | 2023 |
| Lowest | US$102.03 million | 1974 |
| Average since 2014 | US$2.79 billion | 2014–2023 |
| First recorded | US$102.03 million |
What the numbers say
In 2023, Senegal's secondary income receipts (BoP, current US$) rose 13.7% on 2022 (from US$3.13 billion to US$3.56 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +9.4% and a typical year strayed about 16.4% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 60% in 2007 and the biggest yearly fall was 33% in 1985. 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$159.77 million a year. A straight line explains 90% 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 2nd 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$3.56 billion | 2023 |
| World | US$1.66 trillion | 2024 |
| Sub-Saharan Africa | US$88.1 billion | 2024 |
| Lower middle income | US$361.22 billion | 2024 |
Closest to Senegal in the 2023 ranking
- Lebanon — 1st of 12: US$7.91 billion
- Guyana — 3rd of 12: US$1.41 billion
- South Sudan — 4th of 12: US$1.17 billion
- Benin — 5th of 12: US$410.58 million
What this measures
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 50 values
| Year | Secondary income receipts (BoP, current US$) |
|---|---|
| 2023 | 3,561,891,353 |
| 2022 | 3,131,552,291 |
| 2021 | 3,390,025,363 |
| 2020 | 3,168,012,401 |
| 2019 | 2,792,814,826 |
| 2018 | 2,754,012,339 |
| 2017 | 2,471,104,833 |
| 2016 | 2,251,437,661 |
| 2015 | 2,057,339,535 |
| 2014 | 2,337,469,907 |
Secondary income receipts (BoP, current US$) in nearby economies
- Angola — US$23.42 million (2025)
- Benin — US$410.58 million (2023)
- Botswana — US$2.15 billion (2025)
- Burkina Faso — US$1.01 billion (2024)
- Burundi — US$539.23 million (2025)
- Cabo Verde — US$560.39 million (2025)
- Cameroon — US$1.33 billion (2024)
- Comoros — US$358.3 million (2023)
- Congo, Dem. Rep. — US$4.23 billion (2025)
- Congo, Rep. — US$17.12 million (2021)
More economic policy & debt data for Senegal
- General government final consumption expenditure (current US$) — 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 secondary income receipts (BoP, current US$)?
- US$3.56 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 3,391% from US$102.03 million in 1974 (7.52% a year on average, compounded). The highest value was US$3.56 billion in 2023 and the lowest US$102.03 million in 1974.
- How does Senegal rank?
- 2nd highest of 12 economies with data for 2023.
- Is the latest change in secondary income receipts (BoP, current US$) unusual for Senegal?
- In 2023, Senegal's secondary income receipts (BoP, current US$) rose 13.7% on 2022 (from US$3.13 billion to US$3.56 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +9.4% and a typical year strayed about 16.4% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 BX.TRF.CURR.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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