Highlights

  • Driven by all sectors of the economy, progress in structural reforms and a favorable international environment, economic growth in Senegal has recently accelerated, reaching approximately 6.2% in 2016 and 7.2% in 2017. It is expected to reach 7.0% in 2018.
  • The Government has adopted a new development plan, the Senegal Emerging Plan, to enable the country to break away from the cycle of weak growth and insufficient progress in reducing poverty. Major infrastructures are under construction in the country.
  • The budget deficit declined in recent years, to 3.3% of GDP in 2016 and 3.0% in 2017, passing below the community standard of 3%.
  • Inflation remains very low. It would be practically zero in 2017. Projections for 2019 place it below the community ceiling of 3%.
  • In spite of the rise in exports supported by a diversification of agricultural products, fishing and the extractive sector, the current account deficit is expected to widen in 2017 to 7.3% of GDP compared with 4.2 percent in 2016, because of the high level of imports of capital goods thanks to public investment.
  • Structurally, Senegal has the advantage of being one of the most stable countries politically speaking in Africa. The geographical location of its capital makes it a hub of transport in West Africa. The country exports mainly fish, phosphate, fertilizers and groundnut.

 

  2013 2014 2015 2016 2017 2018
GDP growth (%)  3.5 4.0 6.4 6.2 7.2 7.0
Investment rate* 28.4 25.9 25.9 25.1 28.5 31.6
Inflation rate (annual average) 0.7 -1.1 0.1 0.8 1.3 0.4
Underlying budget balance / Nominal GDP (%)* -4.2 -4.0 -3.7 -3.3 -3.0 -3.5
Current balance, grants included* -8.1 -6.8 -5.3 -4.2 -7.3 -8.0
Overall debt* 46.9 54.5 56.9 60.4 61.2 60.6

Sources : BCEAO except the debt data provided by the IMF (Regional Economic outlook report, April 2018) * in % of GDP 

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InstrumentDate of operationValue dateDeadlineAmount(millions of FCFA)More info
T-Bond |SI (Security 1) 06/06/201907/06/201907/06/202250 000More info | CompletedSI - Sénégal 06/06/2019
T-Bond |SI (Security 2) 06/06/201907/06/201907/06/202450 000More info | CompletedSI - Sénégal 06/06/2019
T-Bond |SI (Security 3) 06/06/201907/06/201907/06/202650 000More info | CompletedSI - Sénégal 06/06/2019
T-Bill 26/09/201727/09/201725/09/201820 000More info | CompletedSénégal 26/09/2017
T-Bill 13/09/201714/09/201714/03/201820 000More info | CompletedSénégal 13/09/2017
T-Bill 16/02/201717/02/201717/08/201745 000More info | CompletedSénégal 16/02/2017
T-Bill 16/02/201717/02/201718/05/201745 000More info | CompletedSénégal 16/02/2017
T-Bill 16/02/201717/02/201715/02/201845 000More info | CompletedSénégal 16/02/2017
T-Bill 23/01/201724/01/201724/04/201760 000More info | CompletedSénégal 23/01/2017
T-Bill 23/01/201724/01/201722/01/201860 000More info | CompletedSénégal 23/01/2017
T-Bond 08/12/201609/12/201609/12/201934 000More info | CompletedSénégal 08/12/2016
T-Bond 16/11/201617/11/201617/11/201940 000More info | CompletedSénégal 16/11/2016
T-Bill 09/09/201613/09/201612/12/201640 000More info | CompletedSénégal 09/09/2016
T-Bond 04/08/201608/05/201608/05/201930 000More info | CompletedSénégal 04/08/2016
T-Bill 18/05/201619/05/201617/08/201635 000More info | CompletedSénégal 18/05/2016
T-Bill 19/04/201620/04/201618/04/201730 000More info | CompletedSénégal 19/04/2016
T-Bond 21/03/201622/03/201622/03/2023150 000More info | CompletedSénégal 21/03/2016
T-Bill 25/02/201626/02/201622/02/201830 000More info | CompletedSénégal 25/02/2016
T-Bond 26/01/201627/01/201627/01/201945 000More info | CompletedSénégal 26/01/2016
T-Bill 07/01/201608/01/201607/04/201660 000More info | CompletedSénégal 07/01/2016
T-Bond 07/10/201508/10/201508/10/201835 000More info | CompletedSénégal 07/10/2015
T-Bond 09/09/201510/09/201510/09/202230 000More info | CompletedSénégal 09/09/2015
T-Bond 12/08/201513/08/201513/08/202030 000More info | CompletedSénégal 12/08/2015
T-Bond 14/07/201515/07/201515/07/202030 000More info | CompletedSénégal 14/07/2015
T-Bond 18/06/201519/06/201519/06/201825 000More info | CompletedSénégal 18/06/2015
T-Bill 21/05/201522/05/201518/05/201725 000More info | CompletedSénégal 21/05/2015
T-Bond 06/05/201507/05/201507/05/201830 000More info | CompletedSénégal 06/05/2015
T-Bond 22/04/201523/04/201523/04/202025 000More info | CompletedSénégal 22/04/2015
T-Bond 02/04/201503/04/201503/04/201830 000More info | CompletedSénégal 02/04/2015
T-Bill 12/03/201513/03/201509/03/201720 000More info | CompletedSénégal 12/03/2015
T-Bond 26/02/201527/02/201527/02/202030 000More info | CompletedSénégal 26/02/2015
T-Bond 10/02/201511/02/201511/02/201830 000More info | CompletedSénégal 10/02/2015
T-Bill 27/01/201528/01/201524/01/201730 000More info | CompletedSénégal 27/01/2015
T-Bill 15/01/201516/01/201514/01/201630 000More info | CompletedSénégal 15/01/2015
T-Bill 18/09/201419/09/201415/09/201635 000More info | CompletedSénégal 18/09/2014
T-Bill 21/05/201422/05/201418/05/201630 000More info | CompletedSénégal 21/05/2014