Claims on Private Sector for Senegal
SENFDSAOPPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.55
Year-over-Year Change
-23.89%
Date Range
1/1/2000 - 1/1/2024
Summary
The 'Claims on Private Sector for Senegal' metric measures the total amount of credit extended by financial institutions to the private sector in Senegal. This indicator provides insights into the level of financial intermediation and private investment activity in the Senegalese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the stock of outstanding loans, advances, and other credit instruments that have been extended by banks and other financial corporations to private enterprises and households in Senegal. It is a key indicator of the depth and breadth of the country's financial system and the ability of the private sector to access credit for investment and consumption.
Methodology
The data is collected and reported by the Central Bank of West African States (BCEAO).
Historical Context
Policymakers and analysts use this metric to assess the health of Senegal's financial sector and monitor credit conditions for private businesses and consumers.
Key Facts
- Senegal's private sector credit as a percentage of GDP was 25.6% in 2020.
- Credit to the private sector has grown at an average annual rate of 7.2% over the past decade.
- Small and medium-sized enterprises account for 90% of private sector credit in Senegal.
FAQs
Q: What does this economic trend measure?
A: The 'Claims on Private Sector for Senegal' metric measures the total amount of credit extended by financial institutions to private enterprises and households in Senegal.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the depth and breadth of Senegal's financial system and the ability of the private sector to access credit for investment and consumption, which are key drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of West African States (BCEAO).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Senegal's financial sector and monitor credit conditions for private businesses and consumers, which informs policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the BCEAO, but there may be occasional delays or revisions to the reported figures.
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Citation
U.S. Federal Reserve, Claims on Private Sector for Senegal (SENFDSAOPPCPPPT), retrieved from FRED.