Economy of Senegal. Statistics, Data and Indicators
Senegal
| 35B+ | Credit rank #82 |
| N/A | Quality of life # |
| 72 | Corruption rank#59 |
| 123 | Ease of doing business#125 |
Senegal Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 27.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.3 % | 4Q/22 |
| GDP Growth Rate | 0.9 % | 3Q/22 |
| GDP per capita | 1437 USD | 2021 |
| Inflation Rate YoY | 9.4 % | Feb/23 |
| Interest Rate | 4.75 % | Feb/23 |
| Unemployment Rate | 22.9 % | 3Q/22 |
| Wages | 100215 CFA/Month | 165.773 USD/Month | 3Q/22 |
| Balance of Trade | -209 XOF Billion | -0.346 B USD | Jan/23 |
| Current Account | -1824 XOF Billion | -3.017 B USD | 2021 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 27.63 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.3 % | 4Q/22 |
| GDP Growth Rate | 0.9 % | 3Q/22 |
| GDP per capita | 1437 USD | 2021 |
| GDP per capita PPP | 3495 USD | 2021 |
| GDP From Agriculture | 390 XOF Million | 0.001 B USD | 3Q/22 |
| GDP From Mining | 88.19 XOF Million | 0 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 73 % | 2021 |
| Government Budget to GDP | -5.9 % | 2021 |
| Military Expenditure | 474 USD Million | 0.474 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 125 index points | Feb/23 |
| Export Prices | 137 index points | Jan/23 |
| Food Inflation | 11.6 % | Feb/23 |
| Import Prices | 142 index points | Jan/23 |
| Inflation Rate YoY | 9.4 % | Feb/23 |
| Producer Prices | 134 Index Points | Feb/23 |
| Inflation Rate Mom | 0.4 % | Feb/23 |
| CPI Housing Utilities | 112 Index Points | Feb/23 |
| CPI Transportation | 112 Index Points | Feb/23 |
| Producer Prices Change | 2.1 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -10.4 % | 2021 |
| Balance of Trade | -209 XOF Billion | -0.346 USD Billion | Jan/23 |
| Capital Flows | -1470 XOF Billion | -2.432 B USD | 2021 |
| Current Account | -1824 XOF Billion | -3.017 B USD | 2021 |
| Exports | 378 XOF Billion | 0.625 USD Billion | Jan/23 |
| Imports | 587 XOF Billion | 0.971 USD Billion | Jan/23 |
| Terms of Trade | 96.8 Index Points | Jan/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 4.75 % | Feb/23 |
| Loans to Private Sector | 2902002 XOF Million | 5.17 USD Billion | Sep/16 |
| Money Supply M0 | 2379455 XOF Million | 3.936 USD Billion | Dec/22 |
| Money Supply M2 | 8948172 XOF Million | 14.802 USD Billion | Dec/22 |
| Deposit Interest Rate | 6.49 % | 2017 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 22.9 % | 3Q/22 |
| Wages | 100215 CFA/Month | 165.773 USD/Month | 3Q/22 |
| Living Wage Family | 211500 XOF/Month | 362.064 USD/Month | 2018 |
| Living Wage Individual | 89500 XOF/Month | 153.214 USD/Month | 2018 |
| Wages High Skilled | 382000 XOF/Month | 653.941 USD/Month | 2018 |
| Wages Low Skilled | 126400 XOF/Month | 216.382 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 30 % | 2022 |
| Personal Income Tax Rate | 40 % | 2022 |
| Sales Tax Rate | 18 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -5.8 % | Jan/23 |
| Mining Production | -26.3 % | Jan/23 |
| Industrial Production (MoM) | -16.2 % | Jan/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 43 index points | 2022 |
| Corruption Rank | 72 place | 2022 |
| Ease of Doing Business | 123 place | 2019 |
| Competitiveness Index | 49.69 Index Points | 2019 |
| Competitiveness Rank | 114 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales YoY | 23.3 % | 4Q/22 |
