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ECON FACTBOOK

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Economy of Senegal

Population: 14 million in 20131

GDP: $15.1 billion in 20132

GDP per capita: $1,047 nominal3 ($2,269 PPP4) in 2013

GDP growth rate: 2.8% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities3,43927.6%
Wholesale, retail trade, restaurants and hotels2,54220.4%
Agriculture, hunting, forestry, fishing1,84814.8%
Manufacturing1,84014.8%
Transport, storage and communication1,52412.2%
Mining and utilities7015.6%
Construction5764.6%
Total value added12,471100%

Employment

Unemployment rate: 10.3% in 20137

Employment by Industry 20078

Employment sectorPercent of total
Agriculture78%
Industry and services22%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $19 billion (126% of GDP) in 201410

Household Wealth per Adult: $2,840 in 201410

Gini Coefficient: .403 in 201311

Government

Central Government

Central Government Revenue: $3.6 billion (24% of GDP) in 201312

Central Government Expenditure: $4.4 billion (29% of GDP) in 201312

Central Government Budget Balance: -$0.8 billion (-5% of GDP) in 201312

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: 6.25% in Jul 201413

Government Funds

Fonds Souverain d'Investissement Strategiques: $1.0 billion (7% of GDP) in 201414

Tax Structure

Individual Income Tax Rates and Thresholds in 201315

Corporate Tax Rate: 30% in 201416

Monetary Policy

Money Supply (M0, West Afica Currency Union): N/A

Benchmark Interest Rate (West Africa Currency Union: 2.50% in Sept 201417

Total Reserves: $2.0 billion (13% of GDP) in 201318

Exchange Rate: 580 West African Francs = 1 U.S. Dollar on Feb 11, 201519

Inflation: 0.7% in 201320

* Money supply calculated using the exchange rate 580 XOF= 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $2.6 billion (17% of GDP) in 201322

Imports: $5.6 billion (37% of GDP) in 201322

Trade Balance: -$3.0 billion (-20% of GDP) in 201322

Foreign Direct Investment Inflow: $298 million (2% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $1.1 billion (7% of GDP) in 201224

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Wall Street Journal (Government bond yield) Go back
14. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
15. Source: KPMG (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Reuters (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back