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 September of 2021.

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

Actual Previous Highest Lowest Dates Unit Frequency
-10.30 -7.90 -4.20 -20.10 1980 - 2020 percent of GDP Yearly

Senegal Trade Last Previous Highest Lowest Unit
Balance of Trade -195.10 -258.90 -27.93 -332.80 CFA Franc Billion [+]
Current Account -1739.30 -1112.10 -81.70 -1739.30 XOF Billion [+]
Current Account to GDP -10.30 -7.90 -4.20 -20.10 percent of GDP [+]
Imports 419.90 493.30 524.40 114.49 CFA Franc Billion [+]
Exports 224.80 234.40 261.40 53.19 CFA Franc Billion [+]
Capital Flows -820.30 -1263.20 1851.70 -1263.20 XOF Billion [+]
Terms Of Trade 115.23 148.72 148.72 -550.00 points [+]
Terrorism Index 0.39 1.19 3.88 0.04 [+]


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.