Goods and Services: Debit for Senegal
SENBMGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.23
Year-over-Year Change
1.53%
Date Range
1/1/2000 - 1/1/2026
Summary
This economic trend measures the value of goods and services transactions for debit cards in Senegal as a percentage of GDP. It provides insights into consumer spending and economic activity in the country.
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
The Goods and Services: Debit for Senegal series tracks the value of debit card transactions for goods and services as a share of Senegal's gross domestic product. This metric serves as an indicator of consumer demand, financial inclusion, and overall economic conditions in the West African nation.
Methodology
The data is collected by the Senegalese central bank and calculated as a ratio of debit card transaction values to GDP.
Historical Context
Policymakers and analysts use this trend to monitor domestic consumption, financial sector development, and the broader health of Senegal's economy.
Key Facts
- Senegal's debit card transactions are around 6% of GDP.
- Debit card usage has grown steadily in Senegal over the past decade.
- The Goods and Services: Debit metric provides insights into consumer behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of debit card transactions for goods and services in Senegal as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending, financial inclusion, and the overall health of Senegal's economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Senegal and calculated as the ratio of debit card transaction values to the country's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor domestic consumption, financial sector development, and broader economic conditions in Senegal.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of official statistics from the Senegalese central bank.
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Citation
U.S. Federal Reserve, Goods and Services: Debit for Senegal (SENBMGSBP6GDPPT), retrieved from FRED.