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Indicators of economy in Senegal

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Senegal reached 1.472 US dollars per inhabitant, or 24.64 bn US Dollar in the whole country. Senegal is therefore currently ranked 104 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Senegal is in the list of the world's richest countries in place 161.

Inflation in Senegal was in 2020 at around 2.55%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 57.3% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Senegal

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Senegal in 2020 increased from 23.31 billion US Dollar to 24.64 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 5.7 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% previously to 2.5% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Senegal
Total
Senegal
per capita
EU
Total
EU
per capita
GDP24.64 bn USD1,471.83 USD15,291.93 tn USD29,692.11 USD
Gross national product23.97 bn USD1,431.60 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2018

 Senegal
Total
Senegal
per capita
EU
Total
EU
per capita
Imports8.96 bn USD535.13 USD7,340.01 bn USD14,251.98 USD
Exports5.29 bn USD315.76 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 1974 - 2018

Exports
Imports



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