Interest payments in Senegal
Senegal: Interest payments was 13.2% in 2023. ▲ Rising
Interest payments in Senegal, 2015–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Senegal recorded 13.2% for interest payments in 2023. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 33.9% on the previous year and up 60.9% over ten years.
Over the whole period, interest payments in Senegal peaked at 13.2% in 2023 and was at its lowest, 8.2%, in 2015.
Senegal ranks 36th of 152 countries on this measure, in the top quarter.
Interest payments in Senegal, year by year
| Year | % of expense | Change |
|---|---|---|
| 2015 | 8.2% | — |
| 2016 | 9.1% | +10.7% |
| 2017 | 9.7% | +6.7% |
| 2018 | 11.0% | +13.9% |
| 2019 | 9.6% | -13.2% |
| 2020 | 10.0% | +4.2% |
| 2021 | 10.5% | +5.6% |
| 2022 | 9.9% | -6.5% |
| 2023 | 13.2% | +33.9% |
Senegal compared with similar countries
- Senegal's 13.2% is above the median for lower middle income countries, which is 10.0%, 1.3× the median. (36 countries reporting)
- Senegal's 13.2% is above the median for Sub-Saharan Africa, which is 11.3%, 1.2× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.5% | 8.2% | 11.0% | 5 |
| 2020s | 10.9% | 9.9% | 13.2% | 4 |
Countries ranked near Senegal
More public sector data for Senegal
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Senegal?
- Interest payments in Senegal was 13.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Senegal?
- The highest recorded value was 13.2% in 2023.
- What is the lowest interest payments recorded in Senegal?
- The lowest recorded value was 8.2% in 2015.
- How does Senegal rank for interest payments?
- Senegal ranks 36th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Senegal?
- Over the last ten years it is up 60.9%. The long-run trend across the full record is rising.
- Where does this Senegal data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.