Markets Actual Q1 Q2 Q3 Q4 2022
Currency 540.75 545 549 553 557 565

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 3.80 1.5 2 4 3 3.4
GDP Annual Growth Rate (%) 0.70 1.2 1.6 3.6 5.4 7.2
Unemployment Rate (%) 17.00 24.8 24.4 24 23.6 22.8
Inflation Rate (%) 0.90 2.6 3 3.2 3.2 3.4
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (CFA Franc Billion) -201.60 -185 -75 -120 -185 -185
Current Account to GDP (%) -8.80 -9.8 -9.8 -9.8 -9.8 -8.6
Government Debt to GDP (%) 47.70 53 53 53 53 58
Government Budget (% of GDP) -3.60 -5.8 -5.8 -5.8 -5.8 -5.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 3.80 1.5 2 4 3 3.4
GDP Annual Growth Rate (%) 0.70 1.2 1.6 3.6 5.4 7.2
GDP (USD Billion) 23.58 23.2 23.2 23.2 23.2 23.7
GDP per capita (USD) 1584.50 1560 1560 1560 1560 1715
GDP per capita PPP (USD) 3394.90 3260 3260 3260 3260 3350
GDP From Agriculture (Million FCFA) 327.50 314 330 339 345 370
GDP From Mining (Million FCFA) 75.60 71.85 67.16 78.32 79.68 85.42

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 17.00 24.8 24.4 24 23.6 22.8
Population (Million) 16.70 17.25 17.25 17.25 17.14 17.57

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.90 2.6 3 3.2 3.2 3.4
Food Inflation (%) 0.60 1.7 2 2.5 2.3 2.5
Producer Prices Change (%) 3.10 0.6 0.6 0.6 1.5 1.5
Inflation Rate Mom (%) -1.40 -0.1 0.4 0.4 0.6 1
Consumer Price Index CPI (points) 106.90 108 109 113 112 116

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 4.00 4 4 4 4 4
Lending Rate (%) 14.19 8.55 8.55 8.55 8.55 8.55

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (CFA Franc Billion) -201.60 -185 -75 -120 -185 -185
Current Account to GDP (%) -8.80 -9.8 -9.8 -9.8 -9.8 -8.6
Imports (CFA Franc Billion) 356.00 325 260 260 450 470
Exports (CFA Franc Billion) 154.40 250 140 140 200 200

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 47.70 53 53 53 53 58
Government Budget (% of GDP) -3.60 -5.8 -5.8 -5.8 -5.8 -5.3
Military Expenditure (USD Million) 327.00 355 355 355 360 360

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q1 Q2 Q3 Q4 2022
Industrial Production (%) 7.70 3 2 2.5 2.5 3
Mining Production (%) -4.20 5.3 5.3 5.3 4 4
Industrial Production Mom (%) -6.30 16.7 16.7 16.7 15 15


This page has economic forecasts for Senegal including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Senegal economy.