Markets Actual Q3 Q4 Q1 Q2 2022
Currency 555.00 561 566 572 578 589

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.90 4 3 3 3 3.4
GDP Annual Growth Rate (%) 5.10 2.3 3.1 4 4.5 5
Unemployment Rate (%) 22.60 23 22.4 20 18 19
Inflation Rate (%) 2.60 3 2.8 3 2.6 3.4
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (CFA Franc Billion) -195.10 -120 -250 -250 -250 -270
Current Account to GDP (% of GDP) -10.30 -8.2 -8.2 -7.1 -7.1 -7.1
Government Debt to GDP (% of GDP) 47.70 53 53 55 55 55
Government Budget (% of GDP) -6.00 -4.7 -4.7 -4.3 -4.3 -4.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.90 4 3 3 3 3.4
GDP Annual Growth Rate (%) 5.10 2.3 3.1 4 4.5 5
GDP (USD Billion) 24.91 25.5 25.5 26.7 26.7 26.7
GDP per capita (USD) 1500.24 1560 1560 1560 1560 1715
GDP per capita PPP (USD) 3300.09 3260 3260 3260 3260 3350
GDP From Agriculture (Million FCFA) 357.30 381 393 372 373 413
GDP From Mining (Million FCFA) 79.80 71.92 77.94 82.99 83.39 81.84

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 22.60 23 22.4 20 18 19
Population (Million) 16.70 17.25 17.14 17.14 17.14 17.57

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.60 3 2.8 3 2.6 3.4
Food Inflation (%) 3.90 4.2 4 3.7 3.5 3.8
Producer Prices Change (%) 4.70 5 4 3.7 3.4 3.4
Inflation Rate Mom (%) 1.90 1.2 0.7 0.3 0.4 0.6
Consumer Price Index CPI (points) 112.10 113 111 110 111 115

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 4.00 4 4 4 4 4
Lending Rate (%) 8.69 8.69 8.69 8.69 8.69 8.69

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CFA Franc Billion) -195.10 -120 -250 -250 -250 -270
Current Account to GDP (% of GDP) -10.30 -8.2 -8.2 -7.1 -7.1 -7.1
Imports (CFA Franc Billion) 419.90 260 450 450 450 470
Exports (CFA Franc Billion) 224.80 140 200 200 200 200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 47.70 53 53 55 55 55
Government Budget (% of GDP) -6.00 -4.7 -4.7 -4.3 -4.3 -4.3
Military Expenditure (USD Million) 378.00 355 360 360 360 360

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 28.60 2.5 2.5 2.5 2.5 3
Mining Production (%) 71.40 5.3 4 4 4 4
Industrial Production Mom (%) 1.03 16.7 15 15 15 15


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.