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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.50 3.6 -0.3 1.8 2.4 3 percent
Unemployment Rate 15.70 15.1 15.1 14.1 15.9 15.9 percent
Inflation Rate 0.10 1.1 1.3 1.5 1.7 3 percent
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent
Balance of Trade -135.00 -197 -187 -192 -195 -193 CFA Franc Billion
Government Debt to GDP 37.10 46 40 40 40 38 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 574.72
569 575 581 587 612
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.50
percent
3.6 -0.3 1.8 2.4 3
GDP Annual Growth Rate 4.20
percent
6.9 7.1 7.5 7.3 6.86
GDP 16.37
USD Billion
15.6 15.3 15.3 15.82 16.5
GDP per capita 1134.10
USD
1162 1162 1162 1182 1228
GDP per capita PPP 2470.60
USD
2532 2530 2530 2574 2675
GDP From Agriculture 104.40
Million FCFA
734 198 112 112 842
GDP From Mining 65.50
Million FCFA
61.04 61.58 70.41 70.28 69.99
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 15.70
percent
15.1 15.1 14.1 15.9 15.9
Population 15.85
Million
16.2 16.7 16.7 16.7 17.4
Wages 120643.00
CFA/Month
142360 104790 102022 128559 120737
Wages High Skilled 382000.00
XOF/Month
334543 334543 339661 335267 357948
Wages Low Skilled 126400.00
XOF/Month
110800 110800 124942 124823 111500
Living Wage Family 211500.00
XOF/Month
211500 209300 211500 211500 211500
Living Wage Individual 89500.00
XOF/Month
89500 89500 89500 89500 89500
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 0.10
percent
1.1 1.3 1.5 1.7 3
Food Inflation 0.20
percent
1.2 1.63 1.43 1.6 2.4
Producer Prices 110.20
Index Points
110 110 110 110 110
Producer Prices Change 3.50
percent
3 3.3 3.5 3.6 4
Inflation Rate Mom -0.60
percent
-0.7 0.42 0.03 0.04 0.08
Import Prices 118.40
120 120 120 120 120
Export Prices 156.80
146 144 144 144 144
Consumer Price Index Cpi 107.60
Index Points
107 107 105 110 112
Cpi Housing Utilities 94.80
Index Points
94.79 94.79 94.79 94.79 94.79
Cpi Transportation 102.40
Index Points
102 102 102 102 102
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4.5
Money Supply M0 1232.00
XOF Billion
1238 1238 1238 1238 1238
Deposit Interest Rate 6.93
percent
6.93 6.93 6.93 6.93 6.93
Money Supply M2 4807.80
XOF Billion
4806 4807 4809 4809 4809
Lending Rate 8.53
percent
8.53 8.53 8.53 8.53 8.53
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -135.00
CFA Franc Billion
-197 -187 -192 -195 -193
Exports 108.00
CFA Franc Billion
127 129 127 127 127
Imports 243.00
CFA Franc Billion
328 316 320 322 321
Current Account -708.00
XOF Billion
-776 -754 -732 -709 -613
Current Account to GDP -5.30
percent
-7.2 -8.3 -8.3 -8.3 -9.4
Capital Flows -719.50
XOF Billion
-264 -159 -53.57 51.61 -389
Terms Of Trade 132.40
Index Points
124 123 123 123 123
Terrorism Index 1.80
1.8 1.8 1.8 1.8 1.8
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 37.10
percent
46 40 40 40 38
Government Budget -3.70
percent of GDP
-3.7 -3.7 -3.7 -3.7 -3.7
Military Expenditure 296.20
USD Million
305 307 310 312 331
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 2.10
percent
1.99 2.19 2.14 2.14 2.14
Internet Speed 2017.37
KBps
2307 2319 2357 2415 2705
IP Addresses 104017.00
IP
107133 107611 107804 108120 109151
Leading Economic Index 3.60
Percent
3.56 3.56 3.56 3.56 3.56
Mining Production 0.60
percent
6.61 7 7 6.99 6.99
Industrial Production Mom -3.90
percent
17.2 1.35 0.61 0.48 12.2
Ease of Doing Business 141.00
135 141 144 146 145
Capacity Utilization 70.80
percent
72.37 73.02 72.91 73.34 74.38
Competitiveness Index 49.03
Points
49.53 49.53 49.53 49.53 52.03
Competitiveness Rank 113.00
113 113 113 113 113
Corruption Index 45.00
Points
45 45 45 45 45
Corruption Rank 66.00
66 66 66 66 66
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Yoy 7.70
percent
-0.8 4.41 -0.06 -2.14 -0.72
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 27.60
celsius
26.83 26.58 28.7 28.7 28.65



Senegal - Economic Forecasts - 2018-2020 Outlook