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.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.70 17.1 -9.3 4.1 -4.8 12.8 percent [+]
Unemployment Rate 12.50 20.2 12.5 8.6 17.4 9.5 percent [+]
Inflation Rate 0.40 2.5 2.4 2.3 1.4 3 percent [+]
Interest Rate 4.50 4.5 4.5 4.5 4.25 4 percent [+]
Balance of Trade -184.40 -136 -133 -132 -132 -132 CFA Franc Billion [+]
Government Debt to GDP 42.60 41 46 46 46 38 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 581.80 545 540 534 529 468 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 3.70 17.1 -9.3 4.1 -4.8 12.8 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 56.60 303 92.49 55.63 56.16 290 Million FCFA [+]
Gdp From Mining 27.80 25.73 24.88 24.5 24.1 21.16 Million FCFA [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 12.50 20.2 12.5 8.6 17.4 9.5 percent [+]
Population 15.26 15.32 15.4 15.4 15.4 16.6 Million [+]
Living Wage Family 209300.00 209300 209300 209300 209300 209300 XOF/Month [+]
Living Wage Individual 86900.00 86900 86900 86900 86900 86900 XOF/Month [+]
Wages High Skilled 324800.00 323835 349189 361866 374544 363485 XOF/Month [+]
Wages Low Skilled 101500.00 102018 106425 108629 110832 109492 XOF/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.40 2.5 2.4 2.3 1.4 3 percent [+]
Food Inflation 0.80 3.79 3.14 3.19 3.25 3.27 percent [+]
Inflation Rate Mom 0.20 -0.36 0.25 0.1 0.06 0.09 percent [+]
Export Prices 136.00 141 142 142 142 142 [+]
Consumer Price Index Cpi 107.50 106 105 104 104 103 Index Points [+]
Import Prices 108.80 122 125 125 126 126 [+]
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 1167.40 1106 1097 1088 1080 1019 XOF Billion [+]
Deposit Interest Rate 7.11 7.66 7.71 7.76 7.81 8.51 percent [+]
Lending Rate 8.53 8.5 8.49 8.47 8.46 8.41 percent [+]
Money Supply M2 3727.70 4235 4224 4212 4201 4100 XOF Billion [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -184.40 -136 -133 -132 -132 -132 CFA Franc Billion [+]
Exports 99.70 102 101 101 101 101 CFA Franc Billion [+]
Imports 284.10 282 268 260 254 238 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 -309.10 78.52 33.72 -11.07 -55.87 -109 XOF Billion [+]
Terrorism Index 1.80 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 -4.20 -4 -3.96 -3.93 -3.89 -3.59 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 5.30 0.99 1.74 2.25 2.43 2.56 percent [+]
Internet Speed 2017.37 1978 1911 1901 1926 1829 KBps [+]
IP Addresses 104017.00 102646 102435 101409 100809 94386 IP [+]
Leading Economic Index 3.60 4.1 4.38 4.56 4.68 4.92 [+]
Mining Production -1.80 -0.09 2.09 3.41 4.19 5.3 percent [+]
Ease of Doing Business 140.00 153 153 154 155 157 [+]
Competitiveness Index 3.81 3.7 3.7 3.7 3.7 3.65 Points [+]
Competitiveness Rank 106.00 110 110 110 110 106 [+]
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 -8.20 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 30 30 30 29 27 percent [+]
Personal Income Tax Rate 40.00 43 44 44 45 49 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]