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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 3.10 -10.8 3.2 1.9 11.9 9.5 percent
Unemployment Rate 10.80 12.4 7 15.6 13.1 13.1 percent
Inflation Rate 0.40 2.4 2.3 1 2.6 3 percent
Interest Rate 4.50 4.5 4.5 4.25 4.25 4 percent
Balance of Trade -210.50 -154 -138 -135 -135 -135 CFA Franc Billion
Government Debt to GDP 42.60 46 46 46 46 38 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 531.53
574 591 608 625 700
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 3.10
percent
-10.8 3.2 1.9 11.9 9.5
GDP Annual Growth Rate 7.10
percent
5.7 4.7 3.7 5.78 6.86
GDP 14.77
USD Billion
13.82 14.25 14.67 15.1 14.2
GDP per capita 1093.40
USD
1065 1075 1086 1097 1102
GDP per capita PPP 2380.40
USD
2349 2374 2399 2424 2488
Gdp From Agriculture 63.20
Million FCFA
91.94 55.46 62.53 299 291
Gdp From Mining 23.70
Million FCFA
21.99 21.72 21.25 20.8 18.93
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 10.80
percent
12.4 7 15.6 13.1 13.1
Population 15.26
Million
15.4 15.4 15.4 15.4 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.40
percent
2.4 2.3 1 2.6 3
Food Inflation 1.30
percent
-2 -0.5 0.5 1.2 2.87
Inflation Rate Mom -0.10
percent
0.4 0.08 0.04 0.12 0.09
Export Prices 142.60
142 143 142 142 142
Consumer Price Index Cpi 106.10
Index Points
106 105 104 104 103
Import Prices 112.00
124 125 125 125 125
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.50
percent
4.5 4.5 4.25 4.25 4
Money Supply M0 1129.30
XOF Billion
1120 1111 1102 1093 1016
Deposit Interest Rate 7.11
percent
7.17 7.33 7.5 7.66 8.51
Lending Rate 8.53
percent
8.5 8.49 8.47 8.46 8.41
Money Supply M2 4439.90
XOF Billion
4413 4399 4385 4371 4213
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -210.50
CFA Franc Billion
-154 -138 -135 -135 -135
Exports 101.50
CFA Franc Billion
102 102 101 101 101
Imports 312.10
CFA Franc Billion
287 278 268 262 240
Current Account -498.00
XOF Billion
-575 -567 -559 -551 -526
Current Account to GDP -7.10
percent
-7.2 -7.2 -7.2 -7.2 -9.4
Capital Flows -238.00
XOF Billion
23.5 34.07 44.64 55.22 -144
Terrorism Index 1.80
1.78 1.75 1.73 1.7 2.53
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 42.60
percent
46 46 46 46 38
Government Budget -4.20
percent of GDP
-4.28 -4.19 -4.09 -4 -3.59
Military Expenditure 251.80
USD Million
230 238 246 254 289
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 0.60
percent
2.53 3.05 2.8 2.8 2.8
Internet Speed 2017.37
KBps
1911 1901 1926 1901 1829
IP Addresses 104017.00
IP
102435 101409 100809 99926 94386
Leading Economic Index 3.50
Percent
4.03 4.31 4.5 4.62 4.86
Mining Production 28.50
percent
9.93 7.9 7.11 6.63 5.97
Ease of Doing Business 140.00
148 150 151 153 175
Competitiveness Index 3.81
Points
3.7 3.7 3.7 3.7 3.67
Competitiveness Rank 106.00
110 110 110 110 106
Corruption Index 45.00
Points
42 42 42 42 34
Corruption Rank 64.00
64 65 66 68 79
Capacity Utilization 62.60
percent
61.71 61.03 61.63 61.51 60.49
Industrial Production Mom 21.20
percent
14.3 -4.6 -8 17.2 12.2
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales Yoy 6.30
percent
8.87 9.25 8.92 6.62 -0.71
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 30.00
percent
29 29 29 29 28
Personal Income Tax Rate 40.00
percent
41 41 41 41 43
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 27.60
celsius
26.53 30.61 28.12 26.83 28.65