Net incurrence of liabilities, total (% of GDP) in Senegal
Senegal: Net incurrence of liabilities, total (% of GDP) was 9.4% in 2023. ▲ Rising
Net incurrence of liabilities, total in Senegal, 2015–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Senegal recorded 9.4% for net incurrence of liabilities, total in 2023.
Compared with earlier readings it is up 8.2% on the previous year and up 201.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Senegal peaked at 9.5% in 2021 and was at its lowest, 3.1%, in 2015.
That places Senegal 11th out of 136 countries with data for 2023, putting it in the top 10%.
Net incurrence of liabilities, total (% of GDP) in Senegal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2015 | 3.1% | — |
| 2016 | 5.6% | +78.5% |
| 2017 | 5.2% | -6.4% |
| 2018 | 7.2% | +39.4% |
| 2019 | 6.5% | -10.7% |
| 2020 | 8.1% | +24.6% |
| 2021 | 9.5% | +17.7% |
| 2022 | 8.7% | -8.6% |
| 2023 | 9.4% | +8.2% |
Senegal compared with similar countries
- Senegal's 9.4% is above the median for lower middle income countries, which is 2.9%, 3.2× the median. (34 countries reporting)
- Senegal's 9.4% is above the median for Sub-Saharan Africa, which is 3.9%, 2.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.5% | 3.1% | 7.2% | 5 |
| 2020s | 8.9% | 8.1% | 9.5% | 4 |
Countries ranked near Senegal
More public sector data for Senegal
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 79.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.16 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0024 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -55.23 % change on previous year (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Senegal?
- Net incurrence of liabilities, total in Senegal was 9.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Senegal?
- The highest recorded value was 9.5% in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Senegal?
- The lowest recorded value was 3.1% in 2015.
- How does Senegal rank for net incurrence of liabilities, total?
- Senegal ranks 11th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Senegal?
- Over the last ten years it is up 201.8%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.