Senegal: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Senegal has one of best developed tourism industries in Africa. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, France, and India |
| Top Industries Source: CIA World Factbook | Agricultural and Fish Processing; Phosphate Mining; Fertilizer Production; Petroleum Refining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $72,884,327,398 (2022) |
| GDP Growth Rate (annual %) | 4.154% (2022) |
| GDP Per Capita, PPP (current international) | $4,209 (2022) |
GDP Country Rank 106/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 9.697% (2022) |
| External debt stocks, total (DOD, current US$) | $28,931,403,336 (2021) |
| Total tax rate (% of commercial profits) | 44.8% (2019) |
| Real Interest Rate (5 year average %) | 4.514% (2017) |
| Manufacturing, value added (% of GDP) | 15.104% (2022) |
| Current Account Balance (BoP, current US$) | ($2,215,256,001) (2018) |
Labor and Employment [1]
| Labor Force, Total | 5,198,745 (2022) |
| Employment in Agriculture (% of total employment) | 21.612% (2021) |
| Employment in Industry (% of total employment) | 22.634% (2021) |
| Employment in Services (% of total employment) | 55.755% (2021) |
| Unemployment Rate | 3.434% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $15,335,624,147 (2022) |
| Exports of goods and services (current US$) | $6,991,219,976 (2022) |
| Total Merchandise Trade (% of GDP) | 67.814% (2022) |
| FDI, net inflows (BoP, current US$) | $2,586,179,934 (2022) |
| Commercial Service Exports (current US$) | $1,215,585,390 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Senegal’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.