Bank loans as a share of GDP rose 42.2% to 43.2% in Senegal in 2015, according to the National Central Bank.
Historically, bank loans as a share of GDP in Senegal reached an all time high of 43.2% in 2015 and an all time low of 18.0% in 2007. When compared to Senegal's main peers, bank loans as a share of GDP in Gambia amounted to 9.20%, 11.4% in Guinea, 29.6% in Mali and 27.1% in Mauritania in 2015.
Senegal has been ranked 84th within the group of 144 countries we follow in terms of bank loans as a share of GDP, 8 places below the position seen 10 years ago.
Bank Loans (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Algeria | % | 48.2% | 48.7% | 47.3% | 52.2% | ... | ... | ... | ||||||||||||||
Burkina Faso | % | ... | ... | ... | ... | 63.7% | ... | ... | ... | ... | ... | ... | ||||||||||
Gambia | % | ... | ... | ... | ... | 9.20% | 6.92% | 5.95% | 6.85% | 7.90% | ... | ... | ||||||||||
Guinea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.4% | 10.3% | 8.79% | 9.23% | 10.0% | ||||
Guinea Bissau | % | ... | ... | ... | ... | 20.9% | ... | ... | ... | ... | ... | ... | ||||||||||
Liberia | % | ... | ... | ... | ... | 20.9% | ... | ... | ... | ... | ... | ... | ||||||||||
Mali | % | ... | ... | ... | ... | 29.6% | ... | ... | ... | ... | ... | ... | ||||||||||
Mauritania | % | ... | ... | ... | ... | 27.1% | ... | ... | ... | ... | ... | ... | ||||||||||
Morocco | % | ... | ... | ... | 93.2% | ... | ... | ... | ... | ... | ... | |||||||||||
Niger | % | ... | ... | ... | ... | 20.6% | ... | ... | ... | ... | ... | ... | ||||||||||
Senegal | % | ... | ... | ... | ... | 43.2% | ... | ... | ... | ... | ... | ... | ||||||||||
Sierra Leone | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |