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 | 27.68 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.2 % | 2Q/23 |
| GDP Growth Rate | 0.1 % | 2Q/23 |
| GDP per capita | 1465 USD | 2022 |
| Inflation Rate YoY | 5.3 % | Aug/23 |
| Interest Rate | 5.25 % | Sep/23 |
| Unemployment Rate | 18.6 % | 2Q/23 |
| Wages | 112237 CFA/Month | 181.543 USD/Month | 2Q/23 |
| Balance of Trade | -335 XOF Billion | -0.542 B USD | Jul/23 |
| Current Account | -2538 XOF Billion | -4.105 B USD | 2022 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 27.68 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.2 % | 2Q/23 |
| GDP Growth Rate | 0.1 % | 2Q/23 |
| GDP per capita | 1465 USD | 2022 |
| GDP per capita PPP | 3565 USD | 2022 |
| GDP From Agriculture | 385 XOF Million | 0.001 B USD | 2Q/23 |
| GDP From Mining | 78.8 XOF Million | 0 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 75 % | 2022 |
| Government Budget to GDP | -6.1 % | 2022 |
| Military Expenditure | 434 USD Million | 0.434 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 131 index points | Aug/23 |
| Export Prices | 132 index points | Jun/23 |
| Food Inflation | 6.6 % | Aug/23 |
| Import Prices | 138 index points | Jun/23 |
| Inflation Rate YoY | 5.3 % | Aug/23 |
| Producer Prices | 134 Index Points | Aug/23 |
| Inflation Rate Mom | 1.8 % | Aug/23 |
| CPI Housing Utilities | 110 Index Points | Aug/23 |
| CPI Transportation | 112 Index Points | Aug/23 |
| Producer Prices Change | -3 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -17.5 % | 2022 |
| Balance of Trade | -335 XOF Billion | -0.542 USD Billion | Jul/23 |
| Capital Flows | -2025 XOF Billion | -3.275 B USD | 2022 |
| Current Account | -2538 XOF Billion | -4.105 B USD | 2022 |
| Exports | 274 XOF Billion | 0.443 USD Billion | Jul/23 |
| Imports | 610 XOF Billion | 0.987 USD Billion | Jul/23 |
| Terms of Trade | 96.2 Index Points | Jun/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 5.25 % | Sep/23 |
| Loans to Private Sector | 2902002 XOF Million | 5.17 USD Billion | Sep/16 |
| Money Supply M0 | 3317576 XOF Million | 5.366 USD Billion | Jul/23 |
| Money Supply M2 | 9316378 XOF Million | 15.069 USD Billion | Jul/23 |
| Deposit Interest Rate | 6.49 % | 2017 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 18.6 % | 2Q/23 |
| Wages | 112237 CFA/Month | 181.543 USD/Month | 2Q/23 |
| 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 % | 2023 |
| Personal Income Tax Rate | 43 % | 2023 |
| Sales Tax Rate | 18 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -2.7 % | Jul/23 |
| Mining Production | -16.9 % | Jul/23 |
| Industrial Production (MoM) | -6.2 % | Jul/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 | 7.5 % | 2Q/23 |
