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Senegal
Introduction
Key Economic Facts
Senegal is a country in western Africa with an Atlantic
Ocean coastline. Neighboring countries include The
Gambia, Guinea, Guinea-Bissau, Mali, and Mauritania.
Senegal's geography is mostly flat, and
the northern border is formed by the
Senegal River. The government system is
a republic; the chief of state is the
president, and the head of government is
the prime minister. Senegal has a mixed economic system
in which the presence of the state in the economy is
considerable, but there is limited private sector freedom.
Senegal is a member of the
Economic Community of West
African States (ECOWAS).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Primary Religions:
Calling Code:
Voltage:
Western Africa
Dakar (GMT)
President Macky Sall
Prime Minister Mohammed Dionne
Communaute Financiere Africaine
franc (XOF)
French (official), Wolof, Pulaar, Jola,
Mandinka
Muslim 95.4% (most adhere to one of
the four main Sufi brotherhoods),
Christian 4.2% (mostly Roman
Catholic), animist 0.4%
221
230
Key Websites
Main Government Page: gouv.sn
Commerce Ministry: commerce.gouv.sn
Investment Promotion investinsenegal.com
Agency:
Risk Assessment (Provided by Coface)
Lower Middle Income
Developing
$36.62 billion (2015)
6.49% (2015)
$2,420.79 (2015)
$5,893,172,000.00 (2015)
13.50% (2014)
-$1.35 billion (2014)
0.83% (2016)
5,018,009 (2016)
9.48% (2016)
$6.28 billion (2015)
$3.97 billion (2015)
GDP Composition %
Agriculture
Industry
17
23
Manufacturing
Services
59
0
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
Global Competitiveness Index
Global Enabling Trade Index
Global Services Location Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
64 / 176
112 / 138
96 / 136
44 / 55
120 / 180
132 / 160
120 / 139
99 / 187
107 / 139
60 / 102
Country rating: B - Political and economic uncertainties
and an occasionally difficult business environment can
affect corporate payment behavior. Corporate default
probability is appreciable.
Business Climate rating: B - The business environment is
mediocre. The availability and the reliability of corporate
financial information vary widely. Debt collection can
sometimes be difficult. The institutional framework has a few
troublesome weaknesses. Intercompany transactions run
appreciable risks in the unstable, largely inefficient
environments rated B.
Strengths
• Faster growth linked with the implementation of major
investment projects
• Support from the international financial community
through debt relief (2004 and 2006) and funding
pledges under the Plan Sénégal Emergent
• Political stability
Weaknesses
• Activity and exports subject to climate variables,
irregular energy supplies and movements in primary
product prices
• Inadequate infrastructure (energy, transport)
• Continuing twin deficits (budget and current account)
• Poverty and regional disparities
• Head of state losing popularity
U.S. Embassy
Route des Almadia,
Dakar, Senegal
BP 49
Dakar, Senegal
Tel: (221) 33-879-4000
http://dakar.usembassy.gov/
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV