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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 553.00 545 540 534 529 468 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate -10.30 17.7 -8.8 1.1 -3.3 13 percent [+]
GDP Annual Growth Rate 6.40 6.59 4.6 3.8 3.1 6.86 percent [+]
GDP 14.77 15.1 14.82 14.55 14.27 14.2 USD Billion [+]
GDP per capita 1093.40 1097 1099 1101 1103 1102 USD [+]
GDP per capita PPP 2380.40 2424 2433 2442 2451 2488 USD [+]
Gdp From Agriculture 92.70 303 92.36 50.7 56.2 289 Million FCFA [+]
Gdp From Mining 23.70 19.65 18.82 18.17 17.76 16.91 Million FCFA [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 22.70 22.1 18.7 14.8 20 13 percent [+]
Population 15.26 15.32 15.4 15.4 15.4 16.6 Million [+]
Wages High Skilled 297100.00 286549 286452 286390 286352 286288 XOF/Month [+]
Wages Low Skilled 88000.00 86656 86648 86652 86650 86650 XOF/Month [+]
Living Wage Family 181181.00 190829 191278 191527 191665 191836 XOF/Month [+]
Living Wage Individual 97598.60 95828 95783 95763 95754 95746 XOF/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.60 2.5 2.4 2.3 1.4 3 percent [+]
Food Inflation 1.50 3.79 3.14 3.19 3.25 3.27 percent [+]
Inflation Rate Mom 0.10 -0.36 0.25 0.1 0.06 0.09 percent [+]
Export Prices 142.60 143 143 143 143 143 [+]
Consumer Price Index Cpi 107.30 106 105 104 104 103 Index Points [+]
Import Prices 111.80 126 126 126 126 126 [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 4.50 4.5 4.5 4.5 4.25 4 percent [+]
Money Supply M0 1072.00 1049 1042 1035 1028 982 XOF Billion [+]
Deposit Interest Rate 7.11 7.66 7.71 7.76 7.81 8.51 percent [+]
Money Supply M2 3578.60 3498 3491 3484 3476 3414 XOF Billion [+]
Lending Rate 8.53 8.49 8.48 8.46 8.45 8.41 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -230.90 -136 -133 -132 -132 -132 CFA Franc Billion [+]
Exports 101.40 102 101 101 101 101 CFA Franc Billion [+]
Imports 332.30 282 268 260 254 238 CFA Franc Billion [+]
Current Account -498.00 -551 -561 -571 -581 -526 XOF Billion [+]
Current Account to GDP -7.10 -6.5 -7.2 -7.2 -8.77 -9.4 percent [+]
Capital Flows -238.00 78.52 33.72 -11.07 -55.87 -109 XOF Billion [+]
Terrorism Index 2.60 1.81 1.79 1.77 1.75 2.53 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 42.60 41 46 46 46 38 percent [+]
Government Budget -4.50 -4.39 -4.33 -4.27 -4.21 -3.71 percent of GDP [+]
Military Expenditure 251.80 254 259 264 270 289 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production -1.40 0.99 1.74 2.25 2.43 2.56 percent [+]
Leading Economic Index 3.50 4.31 4.53 4.68 4.77 4.96 [+]
Mining Production -12.50 -1.38 1.25 2.84 3.78 5.15 percent [+]
Ease of Doing Business 147.00 153 153 154 155 157 [+]
Competitiveness Index 3.74 3.71 3.68 3.66 3.65 3.69 Points [+]
Competitiveness Rank 112.00 109 110 110 110 109 [+]
Corruption Index 45.00 42 42 41 40 34 Points [+]
Corruption Rank 64.00 68 69 71 72 79 [+]
Capacity Utilization 59.70 62.34 61.58 60.33 60.72 60.18 percent [+]
Industrial Production Mom 7.60 19.1 14.3 -4.6 -8 12.2 percent [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales Yoy 2.10 7.96 7.77 7.62 7.65 -0.32 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 30.00 29.91 29.61 29.32 29.03 27.21 percent [+]
Personal Income Tax Rate 40.00 42.76 43.34 43.91 44.49 48.57 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]