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Economy of Senegal
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==Statistics== <ref>{{CIA World Factbook|year=2014}}</ref> [[Image:2006Senegalese exports.PNG|thumb|450px|Senegal's export destinations, 2006.]] [[File:GDP_per_capita_development_in_Senegal_and_Gambia.svg|thumb|Historical development of real GDP per capita in Senegal, since 1950]] ;;GDP (purchasing power parity) U.S.$43.24 billion (2017 est.) ;;GDP (official exchange rate) U.S.$16.46 billion (2017 est.) ;;GDP - real growth rate 7.2% (2017 est.) ;;GDP - per capita (PPP) $2,700 (2017 est.) ;;GDP - composition by sector agriculture: 16.9% industry: 24.3% services: 58.8% (2017 est.) ;;Population below poverty line 46.7% (2011 est.) ;;Household income or consumption by percentage share lowest 10%: 2.5% highest 10%: 31.1% (2011) ;;Inflation rate (consumer prices) 1.4% (2017 est.) ;;Investment (gross fixed) 41% of GDP (2006 est.) ;;Labor force 6.966 million (2017 est.) ;;Labor force - by occupation agriculture: 77.5% industry and services: 22.5% (2007 est.) ;;Unemployment rate 48%; note - urban youth 40% (2001 est.) ;;Distribution of family income - [[Gini index]] 40.3 (2011) ;;Budget ;;;revenues: U.S.$3.863 billion ;;;expenditures: U.S.$4.474 billion (2017 est.) ;;Public debt 61.2% of GDP (2017 est.) ;;Industries agricultural and fish processing, phosphate mining, fertilizer production, petroleum refining, construction materials, ship construction and repair ;;Industrial production growth rate 8.4% (2017 est.) ;;Electricity - production 3.673 billion kWh (2015 est.) ;;Electricity - consumption 3.014 billion kWh (2015 est.) ;;Electricity - exports 0 kWh (2016) ;;Electricity - imports 0 kWh (2016) ;;Oil - production {{convert|0|oilbbl/d|abbr=on}} (2004 est.) ;;Oil - consumption {{convert|35000|oilbbl/d|abbr=on}} (2007 est.) ;;Natural gas - production 62 million cu m (2015 est.) ;;Natural gas - consumption 60 million cu m (2015 est.) ;;Natural gas - exports 0 cu m (2013 est.) ;;Natural gas - imports 0 cu m (2013 est.) ;;Current Account Balance U.S.-$1.547 billion (2017 est.) ;;Agriculture - products peanuts, millet, maize, sorghum, rice, cotton, tomatoes, green vegetables; cattle, poultry, pigs; fish ;;Exports U.S.$2.546 billion (2017 est.) ;;Exports - commodities fish, groundnuts (peanuts), petroleum products, phosphates, cotton ;;Exports - partners Mali 14.8%, Switzerland 11.4%, India 6%, Cote dIvoire 5.3%, UAE 5.1%, Gambia, The 4.2%, Spain 4.1% (2017) ;;Imports U.S.$5.227 billion (2017 est.) ;;Imports - commodities food and beverages, capital goods, fuels ;;Imports - partners France 16.3%, China 10.4%, Nigeria 8%, India 7.2%, Netherlands 4.8%, Spain 4.2% (2017) ;;Reserves of foreign exchange and gold U.S.$151.8 million (31 December 2017 est.) ;;Debt - external U.S.$6.745 billion (31 December 2017 est.) ;;Economic aid - recipient U.S.$449.6 million (2003 est.) ;;Currency (code) [[West African CFA franc|Communaute Financiere Africaine franc]] (XOF); note - responsible authority is the [[Central Bank of West African States]] ;;Exchange rates Communaute Financiere Africaine francs (XOF) per US dollar - 617.4 (2017), 593.01 (2016), 593.01 (2015), 591.45 (2014), 494.42 (2013) 522.89 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002). In 2006, 1 β¬ = 655.82 XOF (West-African CFA), or 1 XOF = 0.001525 β¬ / [https://web.archive.org/web/20041010053913/http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=XAF&submit=Convert β¬ to XOF] / [https://web.archive.org/web/20080502022717/http://finance.yahoo.com/currency/convert?amt=1 XOF to β¬] ;;Fiscal year calendar year === Macro-economic trends === This is a chart of trend of gross domestic product of Senegal at market prices [http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbginim.cfm estimated] by the [[International Monetary Fund]] with figures in millions of CFA Francs. {| class="wikitable" |- ! Year || Gross Domestic Product || US Dollar Exchange || Inflation Index (2000=100) |- | 1980 || 652,221 || 211.27 CFA Francs || ? |- | 1985 || 1,197,462 || 449.32 CFA Francs || 66 |- | 1990 || 1,603,679 || 272.27 CFA Francs || 66 |- | 1995 || 2,309,091 || 499.15 CFA Francs || 93 |- | 2000 || 3,192,019 || 709.96 CFA Francs || 100 |- | 2005 || 4,387,230 || 526.55 CFA Francs || 107 |} Average wages in 2007 hover around $4β5 per day. The following table shows the main economic indicators in 1980β2021. Inflation below 5% is in green<ref>{{cite web|title=Report for Selected Countries and Subjects|url=https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?pr.x=53&pr.y=9&sy=1980&ey=2023&scsm=1&ssd=1&sort=country&ds=.&br=1&c=722&s=NGDP_RPCH,PPPGDP,PPPPC,PCPIPCH,GGXWDG_NGDP&grp=0&a=|access-date=2018-09-07|language=en-US}}</ref> {| class="wikitable" style="text-align:center;" !Year !GDP<br /><small>(in Bil. US$PPP)</small> !GDP per capita<br /><small>(in US$ PPP)</small> !GDP <small>(in bil. US$ nominal)</small> !GDP growth<br /><small>(real)</small> !Inflation rate<br /><small>(in Percent)</small> !Government debt<br /><small>(in % of GDP)</small> |- |1980 |6.0 |1,069 |4.3 | {{Decrease}}-0.8% |{{IncreaseNegative}}8.8% |n/a |- |1981 |{{Increase}}6.9 |{{Increase}}1,197 |{{Decrease}}3.9 |{{Increase}}5.1% |{{IncreaseNegative}}5.8% |n/a |- |1982 |{{Increase}}8.0 |{{Increase}}1,333 |{{Increase}}3.9 |{{Increase}}7.8% |{{IncreaseNegative}}17.4% |n/a |- |1983 |{{Decrease}}7.8 |{{Decrease}}1,274 |{{Decrease}}3.4 | {{Decrease}}-5.3% |{{IncreaseNegative}}11.7% |n/a |- |1984 |{{Increase}}8.4 |{{Increase}}1,330 |{{Decrease}}3.4 |{{Increase}}3.7% |{{IncreaseNegative}}11.7% |n/a |- |1985 |{{Increase}}9.0 |{{Increase}}1,376 |{{Increase}}3.7 |{{Increase}}3.3% |{{IncreaseNegative}}13.0% |n/a |- |1986 |{{Increase}}9.4 |{{Increase}}1,404 |{{Increase}}5.2 |{{Increase}}3.1% |{{IncreaseNegative}}6.1% |n/a |- |1987 |{{Increase}}10.2 |{{Increase}}1,481 |{{Increase}}6.2 |{{Increase}}6.1% | {{DecreasePositive}}-4.1% |n/a |- |1988 |{{Increase}}10.5 |{{Decrease}}1,479 |{{Increase}}6.2 | {{Decrease}}-0.6% | {{DecreasePositive}}-1.8% |n/a |- |1989 |{{Increase}}11.4 |{{Increase}}1,551 |{{Decrease}}6.1 |{{Increase}}4.0% |{{Increase}}0.4% |n/a |- |1990 |{{Increase}}11.7 |{{Increase}}1,553 |{{Increase}}7.1 | {{Decrease}}-0.7% |{{Increase}}0.3% |n/a |- |1991 |{{Increase}}12.4 |{{Increase}}1,601 |{{Decrease}}7.0 |{{Increase}}2.6% | {{DecreasePositive}}-1.8% |n/a |- |1992 |{{Increase}}12.9 |{{Increase}}1,613 |{{Increase}}7.4 |{{Increase}}1.2% |{{Increase}}0.0% |n/a |- |1993 |{{Increase}}13.4 |{{Increase}}1,625 |{{Decrease}}7.0 |{{Increase}}1.3% | {{DecreasePositive}}-0.7% |n/a |- |1994 |{{Increase}}13.6 |{{Decrease}}1,610 |{{Decrease}}4.7 | {{Decrease}}-0.2% |{{IncreaseNegative}}32.1% |n/a |- |1995 |{{Increase}}14.8 |{{Increase}}1,698 |{{Increase}}6.0 |{{Increase}}6.1% |{{IncreaseNegative}}8.1% |n/a |- |1996 |{{Increase}}15.3 |{{Increase}}1,717 |{{Increase}}6.3 |{{Increase}}1.9% |{{Increase}}2.8% |71.0% |- |1997 |{{Increase}}16.0 |{{Increase}}1,751 |{{Decrease}}5.9 |{{Increase}}2.7% |{{Increase}}1.8% |{{DecreasePositive}}67.8% |- |1998 |{{Increase}}17.1 |{{Increase}}1,833 |{{Increase}}6.4 |{{Increase}}6.0% |{{Increase}}1.0% |{{DecreasePositive}}18.8% |- |1999 |{{Increase}}18.4 |{{Increase}}1,925 |{{Increase}}6.6 |{{Increase}}6.0% |{{Increase}}0.8% |{{DecreasePositive}}15.0% |- |2000 |{{Increase}}19.6 |{{Increase}}1,997 |{{Decrease}}6.0 |{{Increase}}3.9% |{{Increase}}0.8% |{{IncreaseNegative}}57.5% |- |2001 |{{Increase}}20.9 |{{Increase}}2,080 |{{Decrease}}6.5 |{{Increase}}4.3% |{{Increase}}3.1% |{{DecreasePositive}}53.2% |- |2002 |{{Increase}}21.2 |{{Decrease}}2,063 |{{Increase}}7.0 |{{Increase}}0.1% |{{Increase}}2.4% |{{DecreasePositive}}52.0% |- |2003 |{{Increase}}22.8 |{{Increase}}2,167 |{{Increase}}8.8 |{{Increase}}5.6% |{{Increase}}0.0% |{{DecreasePositive}}42.9% |- |2004 |{{Increase}}24.5 |{{Increase}}2,270 |{{Increase}}10.1 |{{Increase}}4.6% |{{Increase}}0.5% |{{DecreasePositive}}38.0% |- |2005 |{{Increase}}26.4 |{{Increase}}2,381 |{{Increase}}11.0 |{{Increase}}4.3% |{{Increase}}1.7% |{{DecreasePositive}}36.1% |- |2006 |{{Increase}}27.9 |{{Increase}}2,447 |{{Increase}}11.7 |{{Increase}}2.3% |{{Increase}}2.1% |{{DecreasePositive}}17.5% |- |2007 |{{Increase}}29.4 |{{Increase}}2,517 |{{Increase}}14.0 |{{Increase}}2.8% |{{IncreaseNegative}}5.9% |{{IncreaseNegative}}19.0% |- |2008 |{{Increase}}31.1 |{{Increase}}2,590 |{{Increase}}16.9 |{{Increase}}3.7% |{{IncreaseNegative}}6.3% |{{IncreaseNegative}}19.1% |- |2009 |{{Increase}}32.1 |{{Increase}}2,606 |{{Decrease}}16.1 |{{Increase}}2.8% | {{DecreasePositive}}-2.2% |{{IncreaseNegative}}29.9% |- |2010 |{{Increase}}33.6 |{{Increase}}2,653 |{{Increase}}16.1 |{{Increase}}3.4% |{{Increase}}1.2% |{{IncreaseNegative}}34.6% |- |2011 |{{Increase}}34.8 |{{Increase}}2,670 |{{Increase}}17.8 |{{Increase}}1.3% |{{Increase}}3.4% |{{DecreasePositive}}32.9% |- |2012 |{{Increase}}36.7 |{{Increase}}2,739 |{{Decrease}}17.7 |{{Increase}}4.0% |{{Increase}}1.4% |{{IncreaseNegative}}34.5% |- |2013 |{{Increase}}37.8 |{{Increase}}2,742 |{{Increase}}18.9 |{{Increase}}2.4% |{{Increase}}0.7% |{{IncreaseNegative}}36.9% |- |2014 |{{Increase}}40.1 |{{Increase}}2,831 |{{Increase}}19.8 |{{Increase}}6.2% | {{DecreasePositive}}-1.1% |{{IncreaseNegative}}42.4% |- |2015 |{{Increase}}43.3 |{{Increase}}2,971 |{{Decrease}}17.8 |{{Increase}}6.4% |{{Increase}}0.9% |{{IncreaseNegative}}44.5% |- |2016 |{{Increase}}46.1 |{{Increase}}3,076 |{{Increase}}19.0 |{{Increase}}6.4% |{{Increase}}1.2% |{{IncreaseNegative}}47.5% |- |2017 |{{Increase}}49.4 |{{Increase}}3,204 |{{Increase}}21.0 |{{Increase}}7.4% |{{Increase}}1.1% |{{IncreaseNegative}}61.1% |- |2018 |{{Increase}}53.7 |{{Increase}}3,389 |{{Increase}}23.1 |{{Increase}}6.2% |{{Increase}}0.5% |{{IncreaseNegative}}61.5% |- |2019 |{{Increase}}57.2 |{{Increase}}3,510 |{{Increase}}23.4 |{{Increase}}4.6% |{{Increase}}1.0% |{{IncreaseNegative}}63.6% |- |2020 |{{Increase}}58.7 |{{Decrease}}3,504 |{{Increase}}24.5 |{{Increase}}1.3% |{{Increase}}2.5% |{{IncreaseNegative}}69.2% |- |2021 |{{Increase}}64.8 |{{Increase}}3,767 |{{Increase}}27.6 |{{Increase}}6.1% |{{Increase}}2.2% |{{IncreaseNegative}}73.2% |}
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