Senegal - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -0.40 3.2 0.5 -1.4 4.6 1.4 percent
Unemployment Rate 15.70 15.9 15.1 15.1 14.1 15.9 percent
Inflation Rate -0.80 -0.6 2.6 -0.6 -0.6 3 percent
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent
Balance of Trade -187.30 -184 -185 -184 -182 -183 CFA Franc Billion
Government Debt to GDP 42.60 46 46 40 40 38 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 560.01
587 609 631 653 753
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -0.40
percent
3.2 0.5 -1.4 4.6 1.4
GDP Annual Growth Rate 6.30
percent
7.8 7.6 7.5 7.5 6.86
GDP 16.37
USD Billion
15.57 15.6 15.3 15.3 16.5
GDP per capita 1134.10
USD
1149 1162 1162 1162 1228
GDP per capita PPP 2470.60
USD
2507 2532 2530 2530 2675
Gdp From Agriculture 184.90
Million FCFA
121 739 199 106 847
Gdp From Mining 57.50
Million FCFA
56.7 61.44 61.81 62.24 70.45
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 15.70
percent
15.9 15.1 15.1 14.1 15.9
Population 15.85
Million
16.2 16.2 16.7 16.7 17.4
Wages 79013.00
CFA/Month
140218 125478 115260 113809 125809
Wages High Skilled 324800.00
XOF/Month
334543 334543 334543 375597 357948
Wages Low Skilled 101500.00
XOF/Month
110800 110800 110800 110021 111500
Living Wage Family 209300.00
XOF/Month
209300 209300 209300 209300 209300
Living Wage Individual 86900.00
XOF/Month
86900 86900 86900 86900 86900
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate -0.80
percent
-0.6 2.6 -0.6 -0.6 3
Food Inflation -2.40
percent
0.5 1.2 1.63 -0.4 -0.41
Inflation Rate Mom -1.00
percent
0.5 0.05 0 0.1 0.06
Import Prices 120.90
120 119 119 119 119
Export Prices 159.14
144 143 143 143 143
Consumer Price Index Cpi 103.10
Index Points
107 109 105 102 115
Cpi Housing Utilities 94.90
Index Points
94.89 94.9 94.9 94.9 94.9
Cpi Transportation 102.40
Index Points
102 102 102 102 102
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4.5
Money Supply M0 1201.50
XOF Billion
1195 1195 1195 1195 1195
Deposit Interest Rate 6.93
percent
6.93 6.93 6.93 6.93 6.93
Money Supply M2 4720.20
XOF Billion
4707 4707 4707 4707 4707
Lending Rate 8.53
percent
8.53 8.53 8.53 8.53 8.53
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -187.30
CFA Franc Billion
-184 -185 -184 -182 -183
Exports 163.30
CFA Franc Billion
119 123 125 125 125
Imports 350.60
CFA Franc Billion
303 310 310 307 308
Current Account -708.00
XOF Billion
-728 -776 -754 -732 -613
Current Account to GDP -5.30
percent
-7.2 -7.2 -8.3 -8.3 -9.4
Capital Flows -1.50
XOF Billion
-59.68 -97.26 -135 -173 -147
Terrorism Index 1.80
1.73 1.7 1.73 1.76 3.04
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 42.60
percent
46 46 40 40 38
Government Budget -3.70
percent of GDP
-4.05 -3.94 -4.05 -4.17 -4.52
Military Expenditure 296.20
USD Million
308 305 307 310 331
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -7.90
percent
2.6 0.25 0.24 0.24 0.24
Internet Speed 2017.37
KBps
2252 2307 2319 2357 2705
IP Addresses 104017.00
IP
106910 107133 107611 107804 109151
Leading Economic Index 3.60
Percent
3.56 3.56 3.56 3.56 3.56
Mining Production 8.90
percent
11.98 10.36 9.25 8.56 7.48
Industrial Production Mom -10.50
percent
-8 17.2 0.95 0.97 12.2
Ease of Doing Business 140.00
150 151 156 162 156
Capacity Utilization 71.80
percent
71.91 72.34 72.98 72.86 74.31
Competitiveness Index 3.81
Points
3.7 3.7 3.7 3.7 3.67
Competitiveness Rank 106.00
112 112 107 105 105
Corruption Index 45.00
Points
44 43 43 43 43
Corruption Rank 66.00
69 69 70 71 71
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales Yoy -2.40
percent
-7.98 -7.54 -6.28 -8.31 -4.86
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 40.00
percent
40 40 40 40 40
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 27.60
celsius
28.12 26.83 26.58 28.7 28.65