Senegal | Economic Forecasts | 2017-2020 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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 587.70 594 600 617 611 706 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -10.30 0.34 -2.82 17.69 -8.91 13.02 percent [+]
GDP Annual Growth Rate 5.10 6.41 6.5 6.59 4.19 6.86 percent [+]
GDP 13.61 14.17 13.76 13.36 13.43 13.05 USD Billion [+]
GDP per capita 1042.49 1026 1033 1041 1043 1059 USD [+]
GDP per capita PPP 2273.62 2252 2273 2295 2301 2358 USD [+]
Gdp From Agriculture 58.60 94.9 94.77 94.79 94.78 94.78 Million FCFA [+]
Gdp From Mining 17.60 18.65 18.22 18.31 18.42 18.38 Million FCFA [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 16.60 13 16.54 16.53 16.52 16.51 percent [+]
Population 15.26 15.46 15.4 15.34 15.36 15.58 Million [+]
Wages High Skilled 297100.00 328788 332734 336375 339735 363272 XOF/Month [+]
Wages Low Skilled 88000.00 86449 86449 86449 86449 86449 XOF/Month [+]
Living Wage Family 181181.00 175163 175063 175075 175074 175074 XOF/Month [+]
Living Wage Individual 97598.60 96135 95924 95828 95783 95746 XOF/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.80 1.8 2 2.5 2.4 3 percent [+]
Food Inflation 5.00 5.5 5.69 5.84 5.76 5.77 percent [+]
Inflation Rate Mom -0.60 -0.11 0.31 0 0.06 0.07 percent [+]
Export Prices 134.20 133 133 133 133 133 [+]
Consumer Price Index Cpi 103.70 104 105 105 105 105 Index Points [+]
Import Prices 110.10 113 113 113 113 113 [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent [+]
Money Supply M0 1300803.80 1336728 1339911 1342742 1345125 1355846 XOF Million [+]
Deposit Interest Rate 5.24 5.5 5.41 5.32 5.32 5.32 percent [+]
Money Supply M2 4137027.70 4426958 4496282 4564660 4630895 5237451 XOF Million [+]
Lending Rate 8.53 8.53 8.53 8.53 8.53 8.53 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -135.90 -153 -140 -140 -141 -141 CFA Franc Billion [+]
Exports 121.30 114 115 120 118 118 CFA Franc Billion [+]
Imports 257.20 292 285 286 286 286 CFA Franc Billion [+]
Current Account -499.30 -571 -558 -545 -574 -574 XOF Billion [+]
Current Account to GDP -8.10 -8.36 -8.13 -7.9 -8.05 -8.49 percent [+]
Capital Flows -238.00 41.64 60.08 78.52 33.72 -109 XOF Billion [+]
Terrorism Index 2.60 2.63 2.34 2.05 2.06 2.09 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 44.20 41.88 43.6 45.32 46 52.39 percent [+]
Government Budget -4.50 -4.92 -5.19 -5.46 -5.4 -5.1 percent of GDP [+]
Military Expenditure 251.80 240 247 254 260 293 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 2.70 4.86 5.13 5.24 5.17 5.19 percent [+]
Leading Economic Index 3.20 3.09 3.09 3.1 3.1 3.1 [+]
Mining Production -28.60 -12.31 -6.66 -2.46 0.33 5.48 percent [+]
Ease of Doing Business 147.00 151 151 152 156 163 [+]
Competitiveness Index 3.74 3.7 3.7 3.7 3.65 3.68 Points [+]
Competitiveness Rank 112.00 115 115 115 111 111 [+]
Corruption Index 45.00 44 45 47 46 45 Points [+]
Corruption Rank 64.00 69 69 69 70 76 [+]
Capacity Utilization 57.50 60.13 59.92 61.62 61.45 61.01 percent [+]
Industrial Production Mom -11.40 -1.31 -1.9 0.09 0.99 0.76 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales Yoy -6.20 -10.16 -7.72 -11.45 -11.09 -10.68 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 30.00 30.38 30.19 30 29.98 29.93 percent [+]
Personal Income Tax Rate 40.00 40 40 40 40 40 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]