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Senegal

Headline economic indicators for Senegal, with the most recent official readings.

Prices

Prices — Senegal
Indicator Value Change
Inflation rate · 1.5% +0.65 (+81.4%)
Consumer price index · 136.1 +1.96 (+1.5%)
GDP deflator inflation · 3.5% +5.08 (+318.3%)

GDP

GDP — Senegal
Indicator Value Change
GDP growth rate · 6.7% +0.22 (+3.4%)
GDP per capita · 1,954.71 +215.98 (+12.4%)
GDP per capita, long-run history · 2,661 +53.45 (+2.1%)
GDP · 37,006,536,238.37 +4,836,540,187 (+15.0%)
GDP, PPP · 103,429,462,834 +9,120,350,919 (+9.7%)
GDP per capita, PPP · 5,463 +365.98 (+7.2%)
GDP per capita growth · 4.3% +0.24 (+6.0%)
GNI per capita · 1,780 +150.00 (+9.2%)
Agriculture to GDP · 17.1% +1.51 (+9.7%)
Industry to GDP · 26.1% +0.79 (+3.1%)
Manufacturing to GDP · 13.2% -1.02 (-7.2%)
Services to GDP · 46.3% -2.74 (-5.6%)
Household consumption to GDP · 63.8% -2.32 (-3.5%)
Gross capital formation to GDP · 26.9% -7.85 (-22.6%)
Gross savings to GDP · 22.9% -2.23 (-8.9%)

Labour

Labour — Senegal
Indicator Value Change
Unemployment rate · 2.7% -0.05 (-1.9%)
Labour force participation rate · 52.0% +0.17 (+0.3%)
Female labour force participation rate · 38.2% +0.23 (+0.6%)
Youth unemployment rate · 3.6% -0.25 (-6.5%)
Employment to population ratio · 50.6% +0.19 (+0.4%)
Employment in agriculture · 29.6% -1.07 (-3.5%)
Employment in industry · 22.5% +0.24 (+1.1%)
Employment in services · 47.9% +0.83 (+1.8%)

Money

Money — Senegal
Indicator Value Change
Real interest rate · 4.3% +0.26 (+6.4%)
Broad money to GDP · 53.7% +1.39 (+2.7%)
Private sector credit to GDP · 30.9% +1.07 (+3.6%)
Lending rate · 5.3% +0.14 (+2.7%)
Bank deposit rate · 6.9% -0.07 (-1.0%)
Official exchange rate · 581.93 -24.42 (-4.0%)

Trade

Trade — Senegal
Indicator Value Change
Current account to GDP · -19.8% +0.17 (+0.8%)
Exports to GDP · 32.5% +7.01 (+27.5%)
Imports to GDP · 38.6% -4.17 (-9.8%)
Trade to GDP · 71.1% +2.83 (+4.2%)
Exports of goods and services · 12,022,634,773.93 +3,825,028,401 (+46.7%)
Imports of goods and services · 14,277,431,782.7 +523,406,723 (+3.8%)
Trade balance, goods and services (annual) · -7,915,370,883.25 -635,722,993 (-8.7%)
Current account balance (annual) · -6,071,838,779.45 -529,466,292 (-9.6%)
Foreign direct investment to GDP · 0.1% -10.22 (-99.0%)
Remittances received to GDP · 10.6% +0.17 (+1.6%)
External debt to GNI · 150.7% -2.56 (-1.7%)

Government

Government — Senegal
Indicator Value Change
Government revenue to GDP · 24.2% +2.02 (+9.1%)
Government expense to GDP · 23.6% +0.44 (+1.9%)
Tax revenue to GDP · 19.5% +0.94 (+5.1%)
Government budget balance to GDP · -4.9% +0.63 (+11.3%)
Government consumption to GDP · 15.4% -1.01 (-6.2%)
Education spending to GDP · 6.2% +0.21 (+3.5%)
Health spending to GDP · 4.3% +0.28 (+6.9%)

Demography

Demography — Senegal
Indicator Value Change
Population · 18,931,966 +429,982 (+2.3%)
Population, long-run history · 19,512 +495.47 (+2.6%)
Population growth · 2.3% -0.02 (-1.0%)
Life expectancy · 68.9 +0.24 (+0.4%)
Fertility rate · 3.77 -0.05 (-1.4%)
Birth rate · 29.2 -0.24 (-0.8%)
Death rate · 5.5 -0.08 (-1.4%)
Urban population share · 55.8% +0.53 (+1.0%)
Population aged 65 and over · 3.6% +0.03 (+0.8%)
Under-five mortality rate · 36.5 -1.70 (-4.5%)
Population density · 96.1 +2.20 (+2.3%)
Net migration · -12,636 -2,329 (-22.6%)
Gini index · 36.2 -2.10 (-5.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Senegal; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.