Senegal GDP Data & Country Report

Senegal Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Senegal; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of West African States (BCEAO)

International Reserves

US$ 2.047 billion (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 13.865 billion (2009 estimate)

GDP (Purchasing Power Parity)

25.244 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.2%	4.6%	0.7%	6.7%	5.9%	5.6%	2.4%	5%
2008	2009	2010	2011*
3.2%	2.2%	4.2%	4.5%

*Estimate

GDP per capita - current prices

US$ 1,031 (2009 estimate)

GDP per capita - PPP

$1,878 International Dollars (2009 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.04%	0.03%	0.03%	0.03%	0.03%

**Forecast

GDP - composition by sector

agriculture: 15.9%
industry: 21.7%
services: 62.3% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
5.8%(2008)	-1.7%	1.2%	3.9%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
24.5%	25%	32%	38%	40.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-3.8%	-4.7%	-5.2%	-4.5%	-4.8%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: B+/Negative/B

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Senegal

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -1.6 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-11.5% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

21.7% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$2.112 billion f.o.b. (2010 estimate)

Export commodities

fish, groundnuts (peanuts), petroleum products, phosphates, cotton

Total imports

US$4.654 billion f.o.b. (2008 estimate)

Import commodities

food and beverages, capital goods, fuels

Exports - major partners

Mali 18.9%, France 9.1%, Italy 5.9%, India 5.7%, the Gambia 5.2% (2007)

Imports - major partners

France 22.2%, Netherlands 10%, China 7.4%, UK 6.2%, Thailand 5.2%, Belgium 4.5% (2007)

FDI inflows

2008	2009	2010
US$272 million	US$208 million(2009)	US$237 million(2009)

FDI outflows

2008	2009	2010
US$9 million	US$15 million	US$154 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 152 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 101 out of 183 countries(2009)

Registering property: 167 out of 183 countries

Paying Taxes: 170 out of 183 countries

Getting credit: 152 out of 183 countries

Protecting investors: 167 out of 183 countries

Trading across border: 67 out of 183 countries

Enforcing Contracts: 148 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

111

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 121 Score: 55.7 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC 0

Total area

196,722 km² (2006)

Capital

Dakar (2009)

Currency

Communaute Financiere Africaine francs (XOF) (2009)

Government type

republic (2009)

Languages

French (official), Wolof, Pulaar, Jola, Mandinka

Religions

Muslim 94%, Christian 5% (mostly Roman Catholic), indigenous beliefs 1%

Total population

1980	1990	2000	2010*	2015**
5.96 million	7.98 million	10.34 million	13.13 million	14.78 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
23%	35.8%	40.6%	42.6%

Population median age

19.0 years (2006)

Population growth rate

2.6% (2009)

Life expectancy

63 years (2007)

Adult literacy

43% (2000/2007)

% of population living on less than $2 a day

60.36% (2011)

Inequality of wealth distribution (Gini index)

39.2 (2005)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

69.85% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

16% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Dakar: 44th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

0.4075 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS Ecobank Senegal (National, 2012)

2011:

COUNTRY WINNERS CBAO Attijariwafa Bank (National, 2011)

2010:

COUNTRY WINNERS Ecobank Senegal (National, 2010)

2009:

COUNTRY WINNERS Ecobank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Senegal GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009: