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Senegal Private Credit (% GDP)

Senegal's private credit (% GDP) fell to 29.72% in 2024, down from 31.45% in 2023, according to World Bank. This represents a decrease of 1.73% from the previous year. Senegal has private credit (% GDP) lower than the global median (29.72% vs median 39.47%). Compared with the median in Africa, Senegal is higher (29.72% vs regional median 16.64%) and ranks 10th out of 51 countries in Africa.

Yearly Historical Data (1960-2024)

(in %)
Year Private Credit (% GDP)
2024 29.72%
2023 31.45%
2022 32.18%
2021 29.9%
2020 29.31%
2019 29.52%
2018 29.55%
2017 29.66%
2016 27.8%
2015 27.3%
2014 27.32%
2013 26.32%
2012 24.43%
2011 23.87%
2010 21.31%
2009 19.42%
2008 18.87%
2007 16.19%
2006 15.77%
2005 15.63%
2004 14.36%
2003 13.04%
2002 11.9%
2001 11.24%
2000 14.58%
1999 11.98%
1998 11.46%
1997 12.23%
1996 12.34%
1995 11.33%
1994 12.6%
1993 20.45%
1992 20.42%
1991 19.37%
1990 20.45%
1989 21.78%
1988 22.6%
1987 20.7%
1986 20.98%
1985 23.13%
1984 24.54%
1983 27.1%
1982 26.91%
1981 29.12%
1980 28.3%
1979 26.74%
1978 26.5%
1977 20.03%
1976 17.78%
1975 17.63%
1974 17.74%
1973 15.29%
1972 11.57%
1971 10.8%
1970 10.47%
1969 10.73%
1968 10.07%
1967 8.83%
1966 10.06%
1965 11.65%
1964 12.07%
1963 12.46%
1962 12.9%
1961 11.27%
1960 11.73%
Senegal Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Senegal.
Indicator Last Value Prior Value Period
Interest Rate 5.25% 5.25% Jul'25