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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IssuerInstrumentAdditional detailsDate of operationValue dateDeadlineMore infoStatus
SenegalT-Bill09/04/202112/04/202110/10/2021More info | CompletedrealizedSénégal 09/04/2021
Senegal
SI (Security 1)
T-BondObligations de Relance (OdR)26/02/202101/03/202101/03/2024More info | CompletedrealizedSI - Sénégal 26/02/2021
Senegal
SI (Security 2)
T-BondObligations de Relance (OdR)26/02/202101/03/202101/03/2026More info | CompletedrealizedSI - Sénégal 26/02/2021
Senegal
SI (Security 3)
T-BondObligations de Relance (OdR)26/02/202101/03/202101/03/2028More info | CompletedrealizedSI - Sénégal 26/02/2021
Senegal
SI (Security 1)
T-Bond05/02/202108/02/202108/02/2024More info | CompletedrealizedSI - Sénégal 05/02/2021
Senegal
SI (Security 2)
T-Bond05/02/202108/02/202108/02/2026More info | CompletedrealizedSI - Sénégal 05/02/2021
Senegal
SI (Security 3)
T-Bond05/02/202108/02/202108/02/2028More info | CompletedrealizedSI - Sénégal 05/02/2021
Senegal
SI (Security 1)
T-Bond15/01/202118/01/202118/01/2024More info | CompletedrealizedSI - Sénégal 15/01/2021
Senegal
SI (Security 2)
T-Bond15/01/202118/01/202118/01/2026More info | CompletedrealizedSI - Sénégal 15/01/2021
SenegalT-Bond18/12/202021/12/202021/12/2023More info | CompletedrealizedSénégal 18/12/2020
SenegalT-BillBons COVID-1924/11/202025/11/202022/12/2020More info | CompletedrealizedSénégal 24/11/2020
SenegalT-BillBons COVID-1927/10/202028/10/202024/11/2020More info | CompletedrealizedSénégal 27/10/2020
SenegalT-Bond06/11/202009/11/202009/11/2025More info | CompletedrealizedSénégal 06/11/2020
Senegal
SI (Security 1)
T-Bond16/10/202019/10/202019/10/2023More info | CompletedrealizedSI - Sénégal 16/10/2020
Senegal
SI (Security 2)
T-Bond16/10/202019/10/202019/10/2025More info | CompletedrealizedSI - Sénégal 16/10/2020
Senegal
SI (Security 3)
T-Bond16/10/202019/10/202019/10/2027More info | CompletedrealizedSI - Sénégal 16/10/2020
SenegalT-BillBons COVID-1928/07/202029/07/202027/10/2020More info | CompletedrealizedSénégal 28/07/2020
Senegal
SI (Security 1)
T-Bond04/09/202007/09/2020--More info
canceled | Completed

canceled
SI - Sénégal 04/09/2020
Senegal
SI (Security 2)
T-Bond04/09/202007/09/2020--More info
canceled | Completed

canceled
SI - Sénégal 04/09/2020
SenegalT-Bill14/08/202017/08/202015/08/2021More info | CompletedrealizedSénégal 14/08/2020
SenegalT-Bond24/07/202027/07/202027/07/2025More info | CompletedrealizedSénégal 24/07/2020
SenegalT-Bond03/07/202006/07/202006/07/2023More info | CompletedrealizedSénégal 03/07/2020
SenegalT-Bill09/09/201613/09/201612/12/2016More info | CompletedrealizedSénégal 09/09/2016
SenegalT-Bill18/05/201619/05/201617/08/2016More info | CompletedrealizedSénégal 18/05/2016
SenegalT-Bill19/04/201620/04/201618/04/2017More info | CompletedrealizedSénégal 19/04/2016
SenegalT-Bill25/02/201626/02/201622/02/2018More info | CompletedrealizedSénégal 25/02/2016
Senegal
SI (Security 1)
T-Bond29/05/202002/06/202002/06/2023More info | CompletedrealizedSI - Sénégal 29/05/2020
Senegal
SI (Security 2)
T-Bond29/05/202002/06/202002/06/2025More info | CompletedrealizedSI - Sénégal 29/05/2020
Senegal
SI (Security 1)
T-Bond12/06/202015/06/202015/06/2023More info | CompletedrealizedSI - Sénégal 12/06/2020
Senegal
SI (Security 2)
T-Bond12/06/202015/06/202015/06/2025More info | CompletedrealizedSI - Sénégal 12/06/2020
SenegalT-Bond07/05/201408/05/201407/05/2017More info | CompletedrealizedSénégal 07/05/2014
SenegalT-Bond09/04/201410/04/201410/04/2019More info | CompletedrealizedSénégal 09/04/2014
SenegalT-Bond05/03/201406/03/201406/03/2017More info | CompletedrealizedSénégal 05/03/2014
SenegalT-Bill24/08/2017----More info
canceled | Completed

canceled
Sénégal 24/08/2017
SenegalT-BillBons COVID-1928/04/202029/04/202028/07/2020More info | CompletedrealizedSénégal 28/04/2020
SenegalT-Bond10/01/202013/01/202013/01/2023More info | CompletedrealizedSénégal 10/01/2020
SenegalT-Bond08/12/201609/12/201609/12/2019More info | CompletedrealizedSénégal 08/12/2016
SenegalT-Bond16/11/201617/11/201617/11/2019More info | CompletedrealizedSénégal 16/11/2016
SenegalT-Bond04/08/201605/08/201605/08/2019More info | CompletedrealizedSénégal 04/08/2016
SenegalT-Bond21/03/201622/03/201622/03/2023More info | CompletedrealizedSénégal 21/03/2016
SenegalT-Bond26/01/201627/01/201627/01/2019More info | CompletedrealizedSénégal 26/01/2016
SenegalT-Bond09/09/201510/09/201510/09/2022More info | CompletedrealizedSénégal 09/09/2015
SenegalT-Bond12/08/201513/08/201513/08/2020More info | CompletedrealizedSénégal 12/08/2015
SenegalT-Bond14/07/201515/07/201515/07/2020More info | CompletedrealizedSénégal 14/07/2015
SenegalT-Bond07/10/201508/10/201508/10/2018More info | CompletedrealizedSénégal 07/10/2015
SenegalT-Bond18/06/201519/06/201519/06/2018More info | CompletedrealizedSénégal 18/06/2015
SenegalT-Bond06/05/201507/05/201507/05/2018More info | CompletedrealizedSénégal 06/05/2015
SenegalT-Bond02/04/201503/04/201503/04/2018More info | CompletedrealizedSénégal 02/04/2015
SenegalT-Bond26/02/201527/02/201527/02/2020More info | CompletedrealizedSénégal 26/02/2015
SenegalT-Bond22/04/201523/04/201523/04/2020More info | CompletedrealizedSénégal 22/04/2015
SenegalT-Bond10/02/201511/02/201511/02/2018More info | CompletedrealizedSénégal 10/02/2015
SenegalT-Bill07/01/201608/01/201607/04/2016More info | CompletedrealizedSénégal 07/01/2016
SenegalT-Bill21/05/201522/05/201518/05/2017More info | CompletedrealizedSénégal 21/05/2015
SenegalT-Bill12/03/201513/03/201509/03/2017More info | CompletedrealizedSénégal 12/03/2015
SenegalT-Bill27/01/201528/01/201524/01/2017More info | CompletedrealizedSénégal 27/01/2015
SenegalT-Bill15/01/201516/01/201514/01/2016More info | CompletedrealizedSénégal 15/01/2015
SenegalT-Bill18/09/201419/09/201415/09/2016More info | CompletedrealizedSénégal 18/09/2014
SenegalT-Bill21/05/201422/05/201418/05/2016More info | CompletedrealizedSénégal 21/05/2014
SenegalT-Bill23/01/201424/01/201421/01/2016More info | CompletedrealizedSénégal 23/01/2014
SenegalT-Bill08/01/201409/01/201407/01/2015More info | CompletedrealizedSénégal 08/01/2014
SenegalT-Bill18/05/202019/05/202016/11/2020More info | CompletedrealizedSénégal 18/05/2020
SenegalT-Bill26/09/201727/09/201725/09/2018More info | CompletedrealizedSénégal 26/09/2017
SenegalT-Bill13/09/201714/09/201714/03/2018More info | CompletedrealizedSénégal 13/09/2017
Senegal
SI (Security 1)
T-Bond10/04/202014/04/202014/04/2023More info | CompletedrealizedSI - Sénégal 10/04/2020
Senegal
SI (Security 2)
T-Bond10/04/202014/04/202014/04/2025More info | CompletedrealizedSI - Sénégal 10/04/2020
Senegal
SI (Security 3)
T-Bond10/04/202014/04/202014/04/2027More info | CompletedrealizedSI - Sénégal 10/04/2020
Senegal
SI (Security 1)
T-Bond06/03/202009/03/202009/03/2025More info | CompletedrealizedSI - Sénégal 06/03/2020
Senegal
SI (Security 2)
T-Bond06/03/202009/03/202009/03/2027More info | CompletedrealizedSI - Sénégal 06/03/2020
Senegal
SI (Security 1)
T-Bond07/02/202010/02/202010/02/2023More info | CompletedrealizedSI - Sénégal 07/02/2020
Senegal
SI (Security 2)
T-Bond07/02/202010/02/202010/02/2025More info | CompletedrealizedSI - Sénégal 07/02/2020
Senegal
SI (Security 1)
T-Bond06/12/201909/12/201909/12/2022More info | CompletedrealizedSI - Sénégal 06/12/2019
Senegal
SI (Security 2)
T-Bond06/12/201909/12/201909/12/2024More info | CompletedrealizedSI - Sénégal 06/12/2019
Senegal
SI (Security 3)
T-Bond06/12/201909/12/201909/12/2026More info | CompletedrealizedSI - Sénégal 06/12/2019
Senegal
SI (Security 1)
T-Bond08/11/201911/11/201907/06/2024More info | CompletedrealizedSI - Sénégal 08/11/2019
Senegal
SI (Security 2)
T-Bond08/11/201911/11/201916/09/2026More info | CompletedrealizedSI - Sénégal 08/11/2019
Senegal
SI (Security 1)
T-Bond13/09/201916/09/201916/09/2022More info | CompletedrealizedSI - Sénégal 13/09/2019
Senegal
SI (Security 2)
T-Bond13/09/201916/09/201916/09/2024More info | CompletedrealizedSI - Sénégal 13/09/2019
Senegal
SI (Security 3)
T-Bond13/09/201916/09/201916/09/2026More info | CompletedrealizedSI - Sénégal 13/09/2019
Senegal
SI (Security 1)
T-Bond06/06/201907/06/201907/06/2022More info | CompletedrealizedSI - Sénégal 06/06/2019
Senegal
SI (Security 2)
T-Bond06/06/201907/06/201907/06/2024More info | CompletedrealizedSI - Sénégal 06/06/2019
Senegal
SI (Security 3)
T-Bond06/06/201907/06/201907/06/2026More info | CompletedrealizedSI - Sénégal 06/06/2019
Senegal
SI (Security 1)
T-Bill16/02/201717/02/201718/05/2017More info | CompletedrealizedSI - Sénégal 16/02/2017
Senegal
SI (Security 2)
T-Bill16/02/201717/02/201717/08/2017More info | CompletedrealizedSI - Sénégal 16/02/2017
Senegal
SI (Security 3)
T-Bill16/02/201717/02/201715/02/2018More info | CompletedrealizedSI - Sénégal 16/02/2017
Senegal
SI (Security 1)
T-Bill23/01/201724/01/201724/04/2017More info | CompletedrealizedSI - Sénégal 23/01/2017
Senegal
SI (Security 2)
T-Bill23/01/201724/01/201722/01/2018More info | CompletedrealizedSI - Sénégal 23/01/2017