Source
Central bank

Central Bank of West African States (BCEAO)

International Reserves

USD 0.2 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 16.2 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 43.3 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
2.5% 4.9% 3.7% 2.4% 4.3% 1.9% 4.5%
2013 2014 2015 2016* 2017*    
3.6% 4.3% 6.5% 6.6% 6.9%    

*Estimate

GDP per capita - current prices

USD 1,019.8 (2017, estimate)

GDP per capita - PPP

Intl$ 2,733.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.04% 0.03% 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 15.6% 
  • industry: 24.1% 
  • services: 60.3%

(2016 estimate)

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

N/A

Inflation
2013 2014 2015 2016* 2017*
0.7% -1.1% 0.1% 1.0% 1.8%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
46.9% 54.2% 56.8% 57.3% 56.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.5% -5% -4.8% -4.2% -3.7%

*Estimate  

Government bond ratings

Standard & Poor's: B+

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -1.3 billion (2017 estimate)

Current account balance by percentage of GDP

-8.2% (2017 estimate)

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)

Total exports

USD 2.4 billion (2016 estimate)

Export commodities

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

Total imports

USD 5.0 billion (2016 estimate)

 
 
Source
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

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)

 
 
Source
Time zone

UTC 0

Total area

196,722 sq km

Capital

Dakar

Currency

Communaute Financiere Africaine francs (XOF)

Government type

republic

Languages

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

Religions

Muslim 94% (most adhere to one of the four main Sufi brotherhoods), Christian 5% (mostly Roman Catholic), indigenous beliefs 1%

Total population
1990 2000 2010 2014* 2019**
7.606 million 9.862 million 12.951 million 14.54 million 16.803 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
23% 36% 40% 43%
Population median age

18.4 years (2014 est.)

Population growth rate

2.48% (2014 est.)

Life expectancy

60.95 years  (2014 est.)

Adult literacy

49.7% (2009 estimate)

% of population living on less than $3.10 a day

60.3% (2011)

Inequality of wealth distribution (Gini index)

40.3 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

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

Source
Total telephone subscribers as % of population

Fixed  2.4%   Mobile  92.9% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

20.90% (2013)

Mercer Cost of living index

Dakar 40th (2014)

CO2 emissions

0.5 (2010)

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