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) | $64,807,161,046 (2021) |
| GDP Growth Rate (annual %) | 6.064% (2021) |
| GDP Per Capita, PPP (current international) | $3,840 (2021) |
GDP Country Rank 106/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.547% (2020) |
| External debt stocks, total (DOD, current US$) | $28,931,403,336 (2021) |
| Total tax rate (% of commercial profits) | 44.8% (2019) |
| Real Interest Rate (5 year average %) | 4.501% (2017) |
| Manufacturing, value added (% of GDP) | 14.761% (2021) |
| Current Account Balance (BoP, current US$) | ($2,215,256,001) (2018) |
Labor and Employment [1]
| Labor Force, Total | 4,377,305 (2021) |
| Employment in Agriculture (% of total employment) | 29.427% (2020) |
| Employment in Industry (% of total employment) | 13.628% (2020) |
| Employment in Services (% of total employment) | 56.945% (2020) |
| Unemployment Rate | 3.723% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $11,312,124,798 (2021) |
| Exports of goods and services (current US$) | $6,164,686,203 (2021) |
| Total Merchandise Trade (% of GDP) | 53.94% (2021) |
| FDI, net inflows (BoP, current US$) | $2,231,904,247 (2021) |
| Commercial Service Exports (current US$) | $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.