Current Account to GDP in Senegal decreased to -7.90 percent in 2019 from -6.90 percent in 2018. source: ANSD, Senegal

Current Account to GDP in Senegal averaged -9.66 percent from 1980 until 2019, reaching an all time high of -4.20 percent in 2016 and a record low of -20.10 percent in 1981. This page provides - Senegal Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal Current Account to GDP - values, historical data and charts - was last updated on May of 2022.

Current Account to GDP in Senegal is expected to reach -8.20 percent of GDP by the end of 2021, 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 -7.10 percent of GDP in 2022 and -6.00 percent of GDP in 2023, according to our econometric models.

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Senegal Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade -246.50 -167.20 XOF Billion Mar 2022
Current Account to GDP -10.30 -7.90 percent of GDP Dec 2020
Exports 340.60 227.40 XOF Billion Mar 2022
Imports 587.10 394.60 XOF Billion Mar 2022
Terms Of Trade 104.50 99.40 points Mar 2022

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
-10.30 -7.90 -4.20 -20.10 1980 - 2020 percent of GDP Yearly