Markets Actual Q1 Q2 Q3 Q4 2021
Currency 599.70 591 596 600 604 613

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 6.30 5.7 5.3 6.5 7.2 6.7
Unemployment Rate (%) 19.00 17 12.8 14 14.8 15
Inflation Rate (%) 2.00 1 2.2 2.7 3 3.2
Interest Rate (%) 4.50 4.5 4.5 4 4 4
Balance of Trade (CFA Franc Billion) -217.40 -90 -135 -180 -185 -185
Current Account to GDP (%) -6.90 -7.2 -7.2 -7.2 -7.2 -7
Government Debt to GDP (%) 45.70 47 47 47 47 45
Government Budget (% of GDP) -3.50 -3 -3 -3 -3 -3.1
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 2021
GDP Annual Growth Rate (%) 6.30 5.7 5.3 6.5 7.2 6.7
GDP (USD Billion) 24.13 23.5 23.5 23.5 23.5 25
GDP per capita (USD) 1546.50 1650 1650 1650 1650 1710
GDP per capita PPP (USD) 3356.30 3560 3560 3560 3560 3660
GDP From Agriculture (Million FCFA) 335.40 319 323 357 360 384
GDP From Mining (Million FCFA) 71.90 77.65 75.55 76.57 77.08 82.24

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 19.00 17 12.8 14 14.8 15
Population (Million) 15.85 16.73 16.73 16.73 16.71 17.14
Wages High Skilled (XOF/Month) 382000.00 334543 334543 334543 357948 363484
Wages Low Skilled (XOF/Month) 126400.00 110800 110800 110800 111500 130000
Living Wage Family (XOF/Month) 211500.00 211500 211500 211500 211500 211500

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 2.00 1 2.2 2.7 3 3.2
Food Inflation (%) 2.00 0.3 0.6 1.4 1 1.4
Producer Prices Change (%) -1.80 0.9 1.3 -0.1 0.6 1.5
Inflation Rate Mom (%) 0.10 0.3 -0.1 0.2 0.2 0.4
Consumer Price Index Cpi (points) 105.90 104 106 109 109 112

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 4.50 4.5 4.5 4 4 4
Lending Rate (%) 8.55 8.55 8.55 8.05 8.05 8.05

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (CFA Franc Billion) -217.40 -90 -135 -180 -185 -185
Current Account to GDP (%) -6.90 -7.2 -7.2 -7.2 -7.2 -7
Exports (CFA Franc Billion) 183.80 225 115 175 255 265
Imports (CFA Franc Billion) 418.00 315 250 360 460 450

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 45.70 47 47 47 47 45
Government Budget (% of GDP) -3.50 -3 -3 -3 -3 -3.1
Military Expenditure (USD Million) 327.00 355 355 355 355 360

Taxes Actual Q1 Q2 Q3 Q4 2021
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 2021
Industrial Production (%) 1.90 -3.5 4 3.1 2.5 2.7
Mining Production (%) -4.60 7.1 5.7 0.5 5.3 4
Industrial Production Mom (%) 19.50 2.5 -4 -2.2 16.7 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.