Bank Deposits Statistics in Senegal (2026)
As of 2024, outstanding bank deposits in Senegal was 47.7% of GDP, per IMF Financial Access Survey data. Down from 48.4% of GDP in 2023 to 47.7% of GDP in 2024 (−0.7 percentage points). Senegal ranks #8 of 40 economies in Sub-Saharan Africa on this measure, and #97 of 172 globally.
Key Statistics
- Latest value (2024)
- 47.7% of GDP (2024)
- Bank Deposits in Senegal as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- −0.7 pp (2024)
- Down from 48.4% of GDP in 2023 to 47.7% of GDP in 2024 (−0.7 percentage points).
- Earliest value in this dataset (2004)
- 23.7% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 23.7% of GDP in 2004 to 47.7% of GDP in 2024.
- Peak value (2022)
- 49.8% of GDP (2022)
- Highest value in the available series; the 2024 value is 47.7% of GDP.
- Rank in Sub-Saharan Africa
- #8 of 40 (2024)
- Senegal ranks 8 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #97 of 172 (2024)
- Senegal ranks 97 of 172 countries with data globally.
- Sub-Saharan Africa average
- 39.2% of GDP (2024)
- Senegal (47.7% of GDP) is above the average of 39.2% of GDP across the 40 countries in Sub-Saharan Africa with data.
- Internet use in Senegal (2024)
- 60.1% (2024)
- 60.1% of the population in Senegal used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 18.5 million (2024)
- Senegal had a population of 18.5 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 47.7% | −0.7 pp |
| 2023 | 48.4% | −1.4 pp |
| 2022 | 49.8% | +3.5 pp |
| 2021 | 46.3% | +1.9 pp |
| 2020 | 44.4% | +4.3 pp |
| 2019 | 40.1% | +1.8 pp |
| 2018 | 38.4% | +1.5 pp |
| 2017 | 36.9% | +0.2 pp |
| 2016 | 36.7% | +1.8 pp |
| 2015 | 34.9% | +3.3 pp |
| 2014 | 31.6% | +2.6 pp |
| 2013 | 29% | +0.6 pp |
| 2012 | 28.5% | +0.0 pp |
| 2011 | 28.4% | −0.1 pp |
| 2010 | 28.5% | +2.1 pp |
| 2009 | 26.5% | +3.6 pp |
| 2008 | 22.9% | −1.8 pp |
| 2007 | 24.7% | +0.3 pp |
| 2006 | 24.4% | +0.6 pp |
| 2005 | 23.8% | +0.1 pp |
| 2004 | 23.7% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Senegal?
Outstanding bank deposits in Senegal stood at 47.7% of GDP in 2024, according to IMF Financial Access Survey data.
How recent is the bank deposits data for Senegal?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Senegal.
Where does the bank deposits data for Senegal come from?
The data comes from the IMF Financial Access Survey (indicator OUTD_COMBANK.POGDP). The latest observation for Senegal is from 2024; the snapshot was retrieved on 2026-06-10.
How has bank deposits in Senegal changed over time?
IMF Financial Access Survey data show a rise from 23.7% of GDP in 2004 to 47.7% of GDP in 2024.
How does Senegal compare with other countries in Sub-Saharan Africa?
Senegal ranks 8 of 40 countries in Sub-Saharan Africa with data, with 47.7% of GDP versus a regional average of 39.2% of GDP (latest values per country).
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .