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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 2021 was at about 12.259 USD per capita. GDP in Senegal, on the other hand, reached USD 1.606 per capita, or 27.63 billion USD in the whole country. Senegal is one of the smaller economies and is currently ranked 105. 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 149.

Inflation in Senegal was in 2020 at around 2.55%. Within the EU, the average in the same year was 2.55%. 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

Overall, the gross domestic product in Senegal in 2020 increased from 23.40 billion US Dollar to 24.49 billion US Dollar. 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% previously to 2.5% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Senegal
Total
Senegal
per capita
EU
Total
EU
per capita
GDP27.63 bn USD1,606.47 USD17.09 tn USD33,228.68 USD
Gross national product26.46 bn USD1,538.90 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2018

 Senegal
Total
Senegal
per capita
EU
Total
EU
per capita
Imports8.96 bn USD521.05 USD8,916.24 bn USD17,337.55 USD
Exports5.29 bn USD307.45 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1974 - 2018

Exports
Imports



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