Senegal: Trade (% of GDP)
In , Senegal's Trade (% of GDP) was 68.14.
That's down 4.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Senegal ranks #97 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #16 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 79.60
- Trough
- 52.31
- 1-year change
- -4.6%
- 5-year change
- +6.1%
- +1.2% / yr
- 10-year change
- +16.6%
- +1.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 68.1405 | |
| 71.3930 | |
| 79.5998 | |
| 69.3760 | |
| 60.0469 | |
| 64.2363 | |
| 61.7898 | |
| 57.7053 | |
| 54.1082 | |
| 58.1103 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Senegal's Trade (% of GDP) in 2024?
- In 2024, Senegal's Trade (% of GDP) was 68.14, according to World Bank Open Data.
- Is Senegal's Trade (% of GDP) rising or falling?
- Senegal's Trade (% of GDP) fell 4.6% from 2023 to 2024.
- How does Senegal rank globally on Trade (% of GDP)?
- In 2024, Senegal ranked #97 out of 160 countries reporting Trade (% of GDP).
- How does Senegal's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Senegal is below the world average. Within Sub-Saharan Africa, it ranks #16 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.