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Economy of Senegal. Statistics, Data and Indicators

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Senegal
35B+ Credit rank #82
N/A Quality of life #
72 Corruption rank#59
123 Ease of doing business#125
Senegal


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