Formal & Mobile Money Savings Statistics in Senegal (2026)
58.3% of adults in Senegal saved at a formal financial institution or using a mobile money account in 2024, World Bank Global Findex data show. Up from 32.9% in 2021 to 58.3% in 2024 (+25.4 percentage points). Senegal ranks #2 of 36 economies in Sub-Saharan Africa on this measure, and #24 of 142 globally.
Key Statistics
- Latest value (2024)
- 58.3% (2024)
- Formal & Mobile Money Savings in Senegal as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +25.4 pp (2024)
- Up from 32.9% in 2021 to 58.3% in 2024 (+25.4 percentage points).
- Earliest value in this dataset (2011)
- 3.7% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 3.7% in 2011 to 58.3% in 2024.
- Record high (2024)
- 58.3% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Senegal.
- Rank in Sub-Saharan Africa
- #2 of 36 (2024)
- Senegal ranks 2 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #24 of 142 (2024)
- Senegal ranks 24 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Senegal (58.3%) is above the average of 30.8% across the 36 countries in Sub-Saharan Africa with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 24.1% (2024)
- Related indicator from World Bank Global Findex.
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 58.3% | +25.4 pp |
| 2021 | 32.9% | +25.6 pp |
| 2017 | 7.3% | +0.7 pp |
| 2014 | 6.6% | +2.9 pp |
| 2011 | 3.7% | — |
Frequently asked questions
What share of adults in Senegal saved at a formal financial institution or using a mobile money account?
58.3% of adults in Senegal saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
Where does the formal & mobile money savings data for Senegal come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Senegal is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money savings in Senegal changed over time?
World Bank Global Findex data show a rise from 3.7% in 2011 to 58.3% in 2024.
How does Senegal compare with other countries in Sub-Saharan Africa?
Senegal ranks 2 of 36 countries in Sub-Saharan Africa with data, with 58.3% versus a regional average of 30.8% (latest values per country).
Where does Senegal rank globally on formal & mobile money savings?
Senegal ranks 24 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, 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 .