Indicators of economy in Senegal
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Senegal, on the other hand, reached USD 1,637 per capita, or 27.63 billion USD for the whole country. Senegal is one of the smaller economies and is currently ranked 106. If this is calculated per inhabitant, taking purchasing power parity into account, then Senegal ranks 157th in the list of the richest countries.Inflation in Senegal in 2020 was around 2.55%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 57.3 percent lower.
The index for perceived corruption in the public sector is 43, which is below average by global standards.
Back to overview: Senegal
Impact of the COVID-19 pandemic
Overall, the gross domestic product in Senegal in 2020 increased from 23.40 billion US dollars to 24.49 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 4.7 percent increase has been rather unusual this year. While most countries have suffered significant losses, Senegal has certainly held its own. The unemployment rate rose from 2.9 to 3.6 percent. The consumer inflation rate has risen from 1.8 percent previously to 2.5 percent now.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Senegal Total | Senegal per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 27.63 bn USD | 1,636.89 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 26.46 bn USD | 1,568.04 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Senegal
› Cost of living in a global comparison
› Development of inflation
› Corruption in Senegal
› Cost of living in a global comparison
Imports and Exports 2018
Senegal Total | Senegal per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 8.96 bn USD | 530.91 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 5.29 bn USD | 313.27 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 1974 - 2018
Exports
Imports