Markets Actual Q4 Q1 Q2 Q3 2020
Currency 586.18 600 605 609 614 623
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 5.50 5.8 5.5 5.1 5.6 6.1
Unemployment Rate (%) 14.30 14.4 17 12.8 14 14.8
Inflation Rate (%) 0.70 1.5 1.7 2.2 2.7 3
Interest Rate (%) 4.50 4.25 4.25 4 4 4
Balance of Trade (CFA Franc Billion) -259.80 -255 -150 -170 -170 -185
Current Account to GDP (%) -5.30 -8.3 -7.5 -7.5 -7.5 -7.5
Government Debt to GDP (%) 37.10 40 38 38 38 38
Government Budget (% of GDP) -3.70 -3.7 -3.7 -3.7 -3.7 -3.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 40.00 40 40 40 40 40
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 5.50 5.8 5.5 5.1 5.6 6.1
GDP (USD Billion) 24.13 23.5 25 25 25 25
GDP per capita (USD) 1546.50 1590 1650 1650 1650 1650
GDP per capita PPP (USD) 3356.30 3420 3560 3560 3560 3560
GDP From Agriculture (Million FCFA) 314.70 340 339 327 326 364
GDP From Mining (Million FCFA) 73.60 75.54 75.4 79.65 79.35 80.9
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 14.30 14.4 17 12.8 14 14.8
Population (Million) 15.85 15.98 16.1 16.1 16.1 16.1
Wages High Skilled (XOF/Month) 382000.00 334543 334543 334543 334543 357948
Wages Low Skilled (XOF/Month) 126400.00 110800 110800 110800 110800 111500
Living Wage Family (XOF/Month) 211500.00 211500 211500 211500 211500 211500
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.70 1.5 1.7 2.2 2.7 3
Food Inflation (%) 0.10 1.8 2 2 2 2.4
Producer Prices Change (%) 0.10 2.1 2.3 2.5 2.8 3
Consumer Price Index Cpi (Index Points) 106.50 109 109 105 106 112
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.50 4.25 4.25 4 4 4
Deposit Interest Rate (%) 6.49 6.49 6.24 6.24 5.99 5.99
Lending Rate (%) 8.55 8.55 8.55 8.3 8.05 8.55
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (CFA Franc Billion) -259.80 -255 -150 -170 -170 -185
Current Account to GDP (%) -5.30 -8.3 -7.5 -7.5 -7.5 -7.5
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 37.10 40 38 38 38 38
Government Budget (% of GDP) -3.70 -3.7 -3.7 -3.7 -3.7 -3.7
Taxes Actual Q4 Q1 Q2 Q3 2020
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 Q4 Q1 Q2 Q3 2020
Industrial Production (%) 5.90 3.2 4.4 3.6 2.9 2.5


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.