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Financial Sector Overview

Senegal is a country in West Africa. Senegal is bordered by Mauritania in the north, Mali to the east, Guinea to the southeast, and Guinea-Bissau to the southwest. Senegal also borders The Gambia, a country occupying a narrow sliver of land along the banks of the Gambia River, which separates Senegal's southern region of Casamance from the rest of the country. Senegal also shares a maritime border with Cape Verde. Senegal's economic and political capital is Dakar.

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At a Glance

Population in thousands (2017): 15,850.57
GDP per capita (current US$) 2017 - World Average 10,721.61: 1,329.3
Account (%) age 15+) - (2014 vs 2017): 15% | 42%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.14 (2015)
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 37.6
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 12% | 40%
Remittances % of GDP for 2017: 0.128
Mortgage Interest Rate / Mortgage Term (years): 7.62% | 15

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Latest News & Events

May 31, 2019 | Ecofin Agency
The ECOWAS Bank for Investment and Development (EBID) has just launched a bond issuance operation.

Latest Publications

May 11, 2019 | G. Murthy, M. Fernandez-Vidal, X. Faz et al. | CGAP
May 11, 2019 | G. Murthy, M. Fernandez-Vidal | CGAP
Dec 31, 2018 | F. Haile, L.C. Moller | The World Bank
Dec 15, 2017 | A. Koblanck, S. Heitmann, G. Davico | IFC
Oct 31, 2017 | E. Coleman, W. Dick, S. Gilliams et al. | IFAD