Senegal: Strength In Diversity
Senegal enjoys a broad range of economic drivers, political stability and a long-range development plan designed to appeal to foreign investors.
Senegal GDP and Economic Data
Includes Senegal real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Senegal economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Senegal best banks and safest banks are also available.
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Real GDP growth
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 6.6% | 6.4% | 6.2% | 7.2% | 6.2% |
*Estimate
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GDP - composition by sector
- agriculture: 16.6%
- industry: 22.7%
- services: 50.4%
(2016 estimate)
Inflation
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 0.1% | 0.8% | 1.3% | 0.5% | 1.0% |
*Estimate
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Public debt (General government gross debt as a % of GDP)
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 44.5% | 47.5% | 61.2% | 61.6% | 63.3% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2014 | 2015 | 2016 | 2017* | 2018* |
| -3.7% | -3.3% | -2.5% | -3.6% | -3.0% |
*Estimate
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Government bond ratings
Standard & Poor's: B+
Moody's: Ba3
Standard & Poor's / Moody's (Updated January 2017)
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Current account balance by percentage of GDP
-8.2% (2017 estimate)
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Exports as percent of GDP (Exports of goods and services)
29.2% (2015)
Shares in world total merchandising export
0.02% (2015)
Shares in world total commercial services export
0.02% (2014)
Export commodities
Fish, groundnuts (peanuts), petroleum products, phosphates, cotton
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Import commodities
Food and beverages, capital goods, fuels
Exports - major partners
Mali 12.8%, Switzerland 9.7%, India 5.9%, Cote dIvoire 5.3%, China 5.1%, UAE 4.1%, France 4.1% (2015)
Imports - major partners
France 17.9%, China 10%, Nigeria 8.7%, India 5.6%, Spain 4.9%, Netherlands 4.5% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 311 million | USD 403 million | USD 345 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 33 million | USD 27 million | USD 27 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 147 out of 190 countries (2017)
Subcategories:
Starting a business: 90 out of 190 countries
Enforcing Contracts: 144 out of 190 countries
Registering Property: 142 out of 190 countries
Getting Credit: 139 out of 190 countries
Protecting Minority Investors: 137 out of 190 countries
Trading Across Borders: 130 out of 190 countries
Paying Taxes: 174 out of 190 countries
Dealing with Construction Permits: 139 out of 190 countries
Getting Electricity: 162 out of 190 countries
Resolving Insolvency: 101 out of 190 countries
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Global competitiveness ranking
112 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 111 / Score: 58.09 (Mostly unfree) (2016)
(100=totally free 0=totally repressed)
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Religions
Muslim 95.4% (most adhere to one of the four main Sufi brotherhoods), Christian 4.2% (mostly Roman Catholic), animist 0.4% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 7.562 million | 9.862 million | 12.951 million | 15.406 million | 17.804 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 23% | 36% | 40% | 44% |
Literacy
Total population: 57.7%
Male: 69.7%
Female: 46.6% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
28.4% (2011)
Inequality of wealth distribution (Gini index)
40.3 (2011)
(0=perfect equality, 100=absolute inequality)
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Freedom House rating
Political Rights: 2
Civil Liberties: 2 (2017)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed 2.01% Mobile 99.95% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)