Senegal—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #106 of 116Updated April 2026
Latest Value
5 years
2024
YoY Change
-81.5%
2014 → 2024
Global Rank
#106
of 116 countries
Maximum
28 years
2014
Minimum
5 years
2024
CAGR
-8.1%
3 years
Last
5 years
Previous
28 years
Highest
28 years
Lowest
5 years
Source
World Bank World Development Indicators
Senegal's average firm age (years) was 5 years in 2024, ranking #106 out of 116 countries. This represents a -81.5% change from 2014. Over the past 3 years, the highest recorded value was 28 years (2014) and the lowest was 5 years (2024). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 5 years | -81.5% |
| 2014 | 28 years | +30.0% |
| 2007 | 21 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.