Starting a business: Minimum capital in Senegal
Senegal: Starting a business: Minimum capital was 3.0% in 2019. ◆ Volatile
Starting a business: Minimum capital in Senegal, 2003–2019
Source: World Bank. Measured in % of income per capita.
Analysis
In 2019, starting a business: minimum capital in Senegal stood at 3.0%. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 30.2% on the previous year and down 98.5% over ten years.
Over the whole period, starting a business: minimum capital in Senegal peaked at 293.2% in 2003 and was at its lowest, 3.0%, in 2019.
That places Senegal 42nd out of 191 countries with data for 2019, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Starting a business: Minimum capital in Senegal, year by year
| Year | % of income per capita | Change |
|---|---|---|
| 2003 | 293.2% | — |
| 2004 | 270.4% | -7.8% |
| 2005 | 260.4% | -3.7% |
| 2006 | 269.6% | +3.5% |
| 2007 | 255.0% | -5.4% |
| 2008 | 236.2% | -7.4% |
| 2009 | 206.9% | -12.4% |
| 2010 | 205.1% | -0.9% |
| 2011 | 203.0% | -1.0% |
| 2012 | 192.3% | -5.3% |
| 2013 | 192.1% | -0.1% |
| 2014 | 19.0% | -90.1% |
| 2015 | 4.8% | -74.7% |
| 2016 | 4.7% | -2.1% |
| 2017 | 4.6% | -2.1% |
| 2018 | 4.3% | -6.5% |
| 2019 | 3.0% | -30.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 256.0% | 206.9% | 293.2% | 7 |
| 2010s | 83.3% | 3.0% | 205.1% | 10 |
Countries ranked near Senegal
- 39 Benin 5.0% compare
- 40 Congo, Democratic Republic of the 4.6% compare
- 41 Norway 4.3% compare
- 43 Bahrain 2.9% compare
- 44 Côte d'Ivoire 2.7% compare
- 45 El Salvador 2.6% compare
More private sector data for Senegal
- Merchandise trade 60.0% (2025)
- Food imports 19.0% (2024)
- Manufactures imports 46.4% (2024)
- Merchandise imports 11.95 billion current US$ (2025)
- Food exports 21.6% (2024)
- Manufactures exports 22.3% (2024)
- Merchandise exports 10.24 billion current US$ (2025)
- Merchandise exports (current US$), per capita 541.04 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2768 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 62.33 % change on previous year (2025)
Frequently asked questions
- What is starting a business: minimum capital in Senegal?
- Starting a business: minimum capital in Senegal was 3.0% in 2019, according to the World Bank.
- What is the highest starting a business: minimum capital recorded in Senegal?
- The highest recorded value was 293.2% in 2003.
- What is the lowest starting a business: minimum capital recorded in Senegal?
- The lowest recorded value was 3.0% in 2019.
- How does Senegal rank for starting a business: minimum capital?
- Senegal ranks 42nd out of 191 countries with data for 2019.
- Is starting a business: minimum capital rising or falling in Senegal?
- Over the last ten years it is down 98.5%. The long-run trend across the full record is volatile.
- Where does this Senegal data come from?
- The figures come from the World Bank, published as part of Starting a business: Minimum capital (% of income per capita). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The paid-in minimum capital requirement re?ects the amount that the entrepreneur needs to deposit in a bank or with a third-party before registration or up to three months after incorporation. It is calculated as percentage of income per capita. Any legal limitation of the company’s operations or decisions related to the payment of the minimum capital requirement is recorded. In case the legal minimum capital is provided per share, it is assumed 5 shareholders own the company and the legal minimum capital is multiplied by 5 shares. If an economy requires a minimum capital but allows businesses to pay only a part of it before registration, only this part is recorded.