Senegal - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Senegal including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Senegal economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.40 3.4 3.4 3.4 3.4 3.4 percent
Unemployment Rate 15.70 15 15.6 15.1 15.1 13.1 percent
Inflation Rate 1.10 2.3 1.5 2.6 1.5 3 percent
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent
Balance of Trade -157.90 -235 -203 -199 -198 -207 CFA Franc Billion
Government Debt to GDP 42.60 46 46 46 40 38 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 571.63
545 563 581 600 681
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate -0.40
percent
3.4 3.4 3.4 3.4 3.4
GDP Annual Growth Rate 9.10
percent
6.7 6.7 5.78 6.7 6.86
GDP 14.77
USD Billion
14.5 14.95 15.4 15.3 14.8
GDP per capita 1093.40
USD
1093 1149 1114 1162 1172
GDP per capita PPP 2380.40
USD
2379 2402 2425 2530 2550
Gdp From Agriculture 346.30
Million FCFA
61.6 70.74 366 103 415
Gdp From Mining 25.20
Million FCFA
28.73 26.46 26.66 25.29 30.19
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 15.70
percent
15 15.6 15.1 15.1 13.1
Population 15.26
Million
15.4 15.4 15.4 15.23 16.6
Wages High Skilled 324800.00
XOF/Month
334543 334543 334543 334543 357948
Wages Low Skilled 101500.00
XOF/Month
110800 110800 110800 110800 111500
Living Wage Family 209300.00
XOF/Month
209300 209300 209300 209300 209300
Living Wage Individual 86900.00
XOF/Month
86900 86900 86900 86900 86900
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.10
percent
2.3 1.5 2.6 1.5 3
Food Inflation 2.80
percent
-0.5 0.5 1.2 1.63 3.51
Inflation Rate Mom 0.00
percent
-0.13 0.07 0.15 0.07 0.1
Import Prices 120.20
124 125 125 125 125
Export Prices 142.10
137 142 144 139 141
Consumer Price Index Cpi 105.50
Index Points
106 109 109 107 115
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4.5
Money Supply M0 1139.70
XOF Billion
1141 1138 1140 1140 1140
Deposit Interest Rate 7.11
percent
7.33 7.5 7.66 7.71 8.51
Money Supply M2 4685.20
XOF Billion
4141 4142 4212 4226 4209
Lending Rate 8.53
percent
8.53 8.53 8.53 8.53 8.53
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -157.90
CFA Franc Billion
-235 -203 -199 -198 -207
Exports 142.50
CFA Franc Billion
105 103 102 102 101
Imports 300.40
CFA Franc Billion
341 306 290 299 309
Current Account -498.00
XOF Billion
-582 -577 -571 -586 -562
Current Account to GDP -7.10
percent
-7.2 -7.2 -7.2 -8.3 -9.4
Capital Flows -1.50
XOF Billion
-22.11 -59.68 -97.26 -135 -147
Terrorism Index 1.80
1.75 1.73 1.7 1.73 3.04
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 42.60
percent
46 46 46 40 38
Government Budget -3.70
percent of GDP
-4.89 -4.66 -4.43 -4.45 -4.73
Military Expenditure 296.20
USD Million
240 247 253 260 306
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -3.00
percent
2.59 1.54 1.78 1.63 1.31
Internet Speed 2017.37
KBps
2169 2252 2307 2319 2705
IP Addresses 104017.00
IP
101409 100809 99926 99226 92070
Leading Economic Index 3.60
Percent
4.24 4.44 4.58 4.67 4.86
Mining Production 21.90
percent
1.81 -3.26 -14.71 -9.02 -3.53
Industrial Production Mom 12.50
percent
-4.6 -8 17.2 1.19 12.2
Ease of Doing Business 140.00
140 140 140 140 140
Capacity Utilization 58.40
percent
58.68 62.77 58.93 62.54 59.92
Competitiveness Index 3.81
Points
3.77 3.77 3.77 3.77 3.77
Competitiveness Rank 106.00
109 109 109 109 109
Corruption Index 45.00
Points
43 43 43 42 37
Corruption Rank 66.00
66 66 66 66 66
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales Yoy -2.20
percent
-0.52 5.86 0.6 4.93 2.74
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 29 28
Personal Income Tax Rate 40.00
percent
40 40 40 40 40
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 27.60
celsius
30.61 28.12 26.83 26.58 28.65