Highlights

  • Senegal experienced an average growth of 6.1 % over the 2014-2018 period as a result of the structural reforms undertaken by the government, particularly in the context of the implementation of the first phase of Senegal Emerging Plan 2014-2018. In 2019, the first year of implementation of the second phase of the PSE, Senegal’s growth is estimated at 5.3%. It would decrease to 2.8% in 2020 against an initial forecast of 6.0% due to the COVID-19 crisis.
  • The second phase of the Senegal Emerging Plan (PSE) is planned to be implemented over the 2019-2023 period. The Plan aims in the long term to the emergence of Senegal, particularly through the structural transformation of the economy and growth. 
  • Inflation over the whole 2014-2018 period remains low and is below the community standard of 3 %. The inflation rate reached 0.9% and is expected to be 2.4% in 2020. 
  • The budget deficit of Senegal has gradually narrowed over the 2016-2018 period from 4.8 % of GDP in 2016 to 3.7 % of GDP in 2018 while remaining above the community standard of 3.0%. In 2018, the budget deficit related to GDP increased by 0.2 point at 3.9% and could reach 6.8% in 2020. Senegal should comply the community standard from 2021.
  • The current account balance of the balance of payments showed a deficit of 8.5% of GDP in 2019, against a deficit of 9.5% in 2018 in line with the reduction in the trade balance deficit. The improvement in the current account balance should continue in 2020 with a projected level of 7.9% of GDP. This improvement in the current account balance is attributable to a more significant contraction in imports than in exports in 2020 related to the COVID-19 pandemic. This situation should help improve Senegal’s trade balance.
  • Senegal has a stable political and social environment. The country has realized major infrastructure and many reforms aimed to increase the economic productivity and improving the economy’s competitiveness. These include the realization of infrastructure to support economic productivity and the implementation of the Business Environment and Competitiveness Reform Program (PREAC).  
  • As a result of the reforms undertaken to improve business climate, Senegal has made a qualitative leap in the Doing Business ranking from 147th in 2017 to 140th place in 2018. In 2019, Senegal was ranked 141st out of 190 countries.

 

  2015 2016 2017 2018 2019 2020
Real GDP growth (%)  6.4 6.4 7.4 6.4 5.3 2.8
Inflation rate (annual average) 0.1 0.8 2.2 0.5 0.9 2.4
Underlying budget balance / Nominal GDP (%) -3.7 -4.8 -4.1 -3.7 -3.9 -6.8
Investment ratio 26.4 26.0 29.6 31.6 32.0 27.9
Current balance, grants included* -5.3 -4.2 -7.3 -9.5 -8.5 -7.9
Overall debt* 44.5 47.5 61,1 62.1 64.2 67.4

Sources : BCEAO, February 2020. except overall debt (IMF, Regional Economic Outlook : sub-Saharan Africa, April 2020)* in % of GDP 

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InstrumentAdditional detailsDate of operationValue dateDeadlineAmount(millions of FCFA)More infoStatus
T-Bill Bons COVID-1927/10/202028/10/202024/11/2020103 130More info | CompletedrealizedSénégal 27/10/2020
T-Bond
SI (Security 1)
16/10/202019/10/202019/10/2023150 000More info | CompletedrealizedSI - Sénégal 16/10/2020
T-Bond
SI (Security 2)
16/10/202019/10/202019/10/2025150 000More info | CompletedrealizedSI - Sénégal 16/10/2020
T-Bond
SI (Security 3)
16/10/202019/10/202019/10/2027150 000More info | CompletedrealizedSI - Sénégal 16/10/2020
T-Bill Bons COVID-1928/07/202029/07/202027/10/2020103 130More info | CompletedrealizedSénégal 28/07/2020
T-Bond
SI (Security 4)
04/09/202007/09/2020--35 000More info
canceled | Completed

canceled
SI - Sénégal 04/09/2020
T-Bond
SI (Security 5)
04/09/202007/09/2020--35 000More info
canceled | Completed

canceled
SI - Sénégal 04/09/2020
T-Bill 14/08/202017/08/202015/08/202150 000More info | CompletedrealizedSénégal 14/08/2020
T-Bond 24/07/202027/07/202027/07/202530 000More info | CompletedrealizedSénégal 24/07/2020
T-Bond 03/07/202006/07/202006/07/202335 000More info | CompletedrealizedSénégal 03/07/2020
T-Bill 09/09/201613/09/201612/12/201640 000More info | CompletedrealizedSénégal 09/09/2016
T-Bill 18/05/201619/05/201617/08/201635 000More info | CompletedrealizedSénégal 18/05/2016
T-Bill 19/04/201620/04/201618/04/201730 000More info | CompletedrealizedSénégal 19/04/2016
T-Bill 25/02/201626/02/201622/02/201830 000More info | CompletedrealizedSénégal 25/02/2016
T-Bond
SI (Security 6)
29/05/202002/06/202002/06/202375 000More info | CompletedrealizedSI - Sénégal 29/05/2020
T-Bond
SI (Security 7)
29/05/202002/06/202002/06/202575 000More info | CompletedrealizedSI - Sénégal 29/05/2020
T-Bond
SI (Security 8)
12/06/202015/06/202015/06/202350 000More info | CompletedrealizedSI - Sénégal 12/06/2020
T-Bond
SI (Security 9)
12/06/202015/06/202015/06/202550 000More info | CompletedrealizedSI - Sénégal 12/06/2020
T-Bond 07/05/201408/05/201407/05/201730 000More info | CompletedrealizedSénégal 07/05/2014
T-Bond 09/04/201410/04/201410/04/201935 000More info | CompletedrealizedSénégal 09/04/2014
T-Bond 05/03/201406/03/201406/03/201735 000More info | CompletedrealizedSénégal 05/03/2014
T-Bill 24/08/2017----20 000More info
canceled | Completed

canceled
Sénégal 24/08/2017
T-Bill Bons COVID-1928/04/202029/04/202028/07/2020100 000More info | CompletedrealizedSénégal 28/04/2020
T-Bond 10/01/202013/01/202013/01/202335 000More info | CompletedrealizedSénégal 10/01/2020
T-Bond 08/12/201609/12/201609/12/201934 000More info | CompletedrealizedSénégal 08/12/2016
T-Bond 16/11/201617/11/201617/11/201940 000More info | CompletedrealizedSénégal 16/11/2016
T-Bond 04/08/201605/08/201605/08/201930 000More info | CompletedrealizedSénégal 04/08/2016
T-Bond 21/03/201622/03/201622/03/2023150 000More info | CompletedrealizedSénégal 21/03/2016
T-Bond 26/01/201627/01/201627/01/201945 000More info | CompletedrealizedSénégal 26/01/2016
T-Bond 09/09/201510/09/201510/09/202230 000More info | CompletedrealizedSénégal 09/09/2015
T-Bond 12/08/201513/08/201513/08/202030 000More info | CompletedrealizedSénégal 12/08/2015
T-Bond 14/07/201515/07/201515/07/202030 000More info | CompletedrealizedSénégal 14/07/2015
T-Bond 07/10/201508/10/201508/10/201835 000More info | CompletedrealizedSénégal 07/10/2015
T-Bond 18/06/201519/06/201519/06/201825 000More info | CompletedrealizedSénégal 18/06/2015
T-Bond 06/05/201507/05/201507/05/201830 000More info | CompletedrealizedSénégal 06/05/2015
T-Bond 02/04/201503/04/201503/04/201830 000More info | CompletedrealizedSénégal 02/04/2015
T-Bond 26/02/201527/02/201527/02/202030 000More info | CompletedrealizedSénégal 26/02/2015
T-Bond 22/04/201523/04/201523/04/202025 000More info | CompletedrealizedSénégal 22/04/2015
T-Bond 10/02/201511/02/201511/02/201830 000More info | CompletedrealizedSénégal 10/02/2015
T-Bill 07/01/201608/01/201607/04/201660 000More info | CompletedrealizedSénégal 07/01/2016
T-Bill 21/05/201522/05/201518/05/201725 000More info | CompletedrealizedSénégal 21/05/2015
T-Bill 12/03/201513/03/201509/03/201720 000More info | CompletedrealizedSénégal 12/03/2015
T-Bill 27/01/201528/01/201524/01/201730 000More info | CompletedrealizedSénégal 27/01/2015
T-Bill 15/01/201516/01/201514/01/201630 000More info | CompletedrealizedSénégal 15/01/2015
T-Bill 18/09/201419/09/201415/09/201635 000More info | CompletedrealizedSénégal 18/09/2014
T-Bill 21/05/201422/05/201418/05/201630 000More info | CompletedrealizedSénégal 21/05/2014
T-Bill 23/01/201424/01/201421/01/201620 000More info | CompletedrealizedSénégal 23/01/2014
T-Bill 08/01/201409/01/201407/01/201520 000More info | CompletedrealizedSénégal 08/01/2014
T-Bill 18/05/202019/05/202016/11/2020150 000More info | CompletedrealizedSénégal 18/05/2020
T-Bill 26/09/201727/09/201725/09/201820 000More info | CompletedrealizedSénégal 26/09/2017
T-Bill 13/09/201714/09/201714/03/201820 000More info | CompletedrealizedSénégal 13/09/2017
T-Bond
SI (Security 10)
10/04/202014/04/202014/04/202350 000More info | CompletedrealizedSI - Sénégal 10/04/2020
T-Bond
SI (Security 11)
10/04/202014/04/202014/04/202550 000More info | CompletedrealizedSI - Sénégal 10/04/2020
T-Bond
SI (Security 12)
10/04/202014/04/202014/04/202750 000More info | CompletedrealizedSI - Sénégal 10/04/2020
T-Bond
SI (Security 13)
06/03/202009/03/202009/03/202550 000More info | CompletedrealizedSI - Sénégal 06/03/2020
T-Bond
SI (Security 14)
06/03/202009/03/202009/03/202750 000More info | CompletedrealizedSI - Sénégal 06/03/2020
T-Bond
SI (Security 15)
07/02/202010/02/202010/02/202350 000More info | CompletedrealizedSI - Sénégal 07/02/2020
T-Bond
SI (Security 16)
07/02/202010/02/202010/02/202550 000More info | CompletedrealizedSI - Sénégal 07/02/2020
T-Bond
SI (Security 17)
06/12/201909/12/201909/12/2022200 000More info | CompletedrealizedSI - Sénégal 06/12/2019
T-Bond
SI (Security 18)
06/12/201909/12/201909/12/2024200 000More info | CompletedrealizedSI - Sénégal 06/12/2019
T-Bond
SI (Security 19)
06/12/201909/12/201909/12/2026200 000More info | CompletedrealizedSI - Sénégal 06/12/2019
T-Bond
SI (Security 20)
08/11/201911/11/201907/06/202450 000More info | CompletedrealizedSI - Sénégal 08/11/2019
T-Bond
SI (Security 21)
08/11/201911/11/201916/09/202650 000More info | CompletedrealizedSI - Sénégal 08/11/2019
T-Bond
SI (Security 22)
13/09/201916/09/201916/09/202250 000More info | CompletedrealizedSI - Sénégal 13/09/2019
T-Bond
SI (Security 23)
13/09/201916/09/201916/09/202450 000More info | CompletedrealizedSI - Sénégal 13/09/2019
T-Bond
SI (Security 24)
13/09/201916/09/201916/09/202650 000More info | CompletedrealizedSI - Sénégal 13/09/2019
T-Bond
SI (Security 25)
06/06/201907/06/201907/06/202250 000More info | CompletedrealizedSI - Sénégal 06/06/2019
T-Bond
SI (Security 26)
06/06/201907/06/201907/06/202450 000More info | CompletedrealizedSI - Sénégal 06/06/2019
T-Bond
SI (Security 27)
06/06/201907/06/201907/06/202650 000More info | CompletedrealizedSI - Sénégal 06/06/2019
T-Bill
SI (Security 28)
16/02/201717/02/201718/05/201745 000More info | CompletedrealizedSI - Sénégal 16/02/2017
T-Bill
SI (Security 29)
16/02/201717/02/201717/08/201745 000More info | CompletedrealizedSI - Sénégal 16/02/2017
T-Bill
SI (Security 30)
16/02/201717/02/201715/02/201845 000More info | CompletedrealizedSI - Sénégal 16/02/2017
T-Bill
SI (Security 31)
23/01/201724/01/201724/04/201760 000More info | CompletedrealizedSI - Sénégal 23/01/2017
T-Bill
SI (Security 32)
23/01/201724/01/201722/01/201860 000More info | CompletedrealizedSI - Sénégal 23/01/2017