Senegal recorded a Current Account deficit of 17.50 percent of the country's Gross Domestic Product in 2022. Current Account to GDP in Senegal averaged -9.89 percent of GDP from 1980 until 2022, reaching an all time high of -4.20 percent of GDP in 2016 and a record low of -20.10 percent of GDP in 1981. source: ANSD, Senegal

Current Account to GDP in Senegal is expected to reach -8.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Senegal Current Account to GDP is projected to trend around -4.00 percent of GDP in 2025 and -3.00 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Balance of Trade -308.00 -187.50 XOF Billion Mar 2024
Current Account to GDP -17.50 -10.40 percent of GDP Dec 2022
Exports 285.70 291.80 XOF Billion Mar 2024
Imports 593.70 479.30 XOF Billion Mar 2024
Terms of Trade 99.20 101.10 points Mar 2024

Senegal Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-17.50 -10.40 -4.20 -20.10 1980 - 2022 percent of GDP Yearly