What is the GDP of Senegal?

Senegal's GDP is approximately $32.8 billion USD. The GDP growth rate is 6.1%.

What is the population of Senegal?

Senegal has a population of approximately 18.5 million people. The population growth rate is 2.3%.

What is the inflation rate in Senegal?

The inflation rate in Senegal is 0.8%.

What is the unemployment rate in Senegal?

The unemployment rate in Senegal is 2.7%.

What is the GDP per capita of Senegal?

Senegal's GDP per capita is approximately $1,773 USD.

Is Senegal a good country to invest in?

Senegal has an investment score of 45/100, classified as "Caution" risk. Key sectors include Energy (Oil & Gas), Agriculture & Fisheries, Mining (Phosphates, Gold). Credit rating: NR.

How open is Senegal's economy to trade?

Senegal's trade openness (trade as % of GDP) is 68%. Exports total approximately $8.1B and imports $14.3B.

How much foreign investment does Senegal attract?

Foreign direct investment (FDI) in Senegal is 6.1% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Senegal?

Senegal's economy is composed of services (48% of GDP), industry (25% of GDP), and agriculture (17% of GDP).

Can I start a business in Senegal as a foreigner?

Senegal offers various options for foreign entrepreneurs. Visit our business setup guide for Senegal for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Senegal's economy growing?

Senegal's GDP growth rate is 6.1%. This is above the global average, indicating strong economic momentum.

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Senegal Economy Overview

Name: Senegal Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: DakarSEN

Caution

Growing

32.8B USD

GDP (Nominal)

Growing at 6.1%

$1,773

GDP Per Capita

Developing economy

18.5M

Population

+2.3% annual growth

Stable

0.8%

Inflation

Price stability

68%of GDP

Trade Openness

Strong

6.1%of GDP

FDI Inflows

Public Debt

Low

2.7%

Unemployment

Deficit

-$6.2B

Trade Balance

GDP

Billion USD, nominal

$32.8B

2024+2.1B

GDP Growth

Annual %

6.1%

2024+1.8%

Inflation

Consumer prices, annual %

0.8%

2024-5.1%

Population

Millions

18.5M

2024+0.4M

Economic Structure

Services48%

Industry25%

Agriculture17%

Investment Score Breakdown

Economic Health (30%)48

Political Safety (25%)42

Business Climate (20%)48

Financial Strength (15%)40

Growth Potential (10%)58

Key Sectors

Energy (Oil & Gas)

5% of GDP

growing

Agriculture & Fisheries

15% of GDP

stable

Mining (Phosphates, Gold)

6% of GDP

growing

Tourism

5% of GDP

stable

Should I Invest in Senegal?

CautionSetup: ModerateROI: High

Senegal scores 45/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 8.5%, offering expanding market opportunity.

Investment Score45/100

GDP Growth8.5%

Inflation3.5%

FDI/GDP5.8%

Public Debt75%

Political Stability-0.1

Strengths

+Strong GDP growth at 8.5% - expanding market opportunity
+High FDI inflows (5.8% of GDP) - investors are actively entering

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated public debt (75% of GDP)
-Large current account deficit (-12%) - currency depreciation risk

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