Economy overview: In January 1994, Senegal, with the support of international donors, launched a bold program of economic reform. These reforms began with a 50% devaluation of Senegal’s currency, the CFA franc, which is exchangeable for the French franc at a fixed rate. Government price controls and government subsidies were gradually reduced. Faced with a 2.1% decline in GDP in 1993, Senegal took decisive steps towards economic development and, thanks to a reform program, achieved in 1995-99. an average of 5% GDP growth. The average annual inflation rate was reduced to 2%, and the budget deficit was reduced to 1.5% of GDP or less. Investment grew steadily from 13.8% of GDP in 1993 to 16.5% in 1997. As a member of the West African Economic and Monetary Union, Senegal is seeking greater regional integration and the introduction of uniform foreign trade duties. In 1996, Senegal provided good Internet access, which led to a boom in the information services sector. Private entrepreneurship now provides 82% of GDP. Senegal faces problems of chronic urban unemployment, juvenile delinquency and drug addiction. Real GDP Growth in 2001-02 must exceed 6%; at the same time, inflation should be kept within 2%. See topb2bwebsites.com to know more about Senegal in 2004.
GDP: Purchasing power parity – $16 billion (2000 est.).
Real GDP growth rate: 5.7% (2000 est.).
GDP per capita: at purchasing power parity – $1,600 (2000 est.).
The composition of GDP by sectors of the economy: agriculture: 19%; industry: 20%; services: 61% (1997 est.).
Proportion of the population below the poverty line: no data available.
Percentage distribution of family income or consumption: per 10% of the poorest families: 1.4%; by the top 10% of families: 42.8% (1991).
Inflation rate at consumer prices: 1.5% (2000 est.).
Labor force: no data.
Employment structure: agriculture 60%.
Unemployment rate: no data; among urban youth 40%.
Budget: I revenues: $885 million; expenses: $885 million, including capital expenditures of $125 million (1996 est.).
Spheres of economy: processing of agricultural products and fish, extraction of phosphates, production of fertilizers, oil refining, production of building materials.
Growth in industrial production: 7% (1998 est.).
Electricity generation: 1.27 billion kWh (1999)
Sources of electricity generation: fossil fuels: 100%; hydropower: 0%; nuclear fuel: 0%; others: 0% (1999).
Electricity consumption: 1.181 billion kWh (1999)
Electricity export: 0 kWh (1999).
Electricity import: 0 kWh (1999).
Agricultural products: peanuts, millet, corn, sorghum, rice, cotton, tomatoes, vegetables; livestock, poultry, pigs; fish.
Export: $959 million (free on board, 2000)
Exports: fish, peanuts, oil products, phosphates, cotton.
Export partners: France 17%, India 17%, Italy 12%, Spain 6%, Mali 6%, Cote d’Ivoire 4% (1999).
Imports: $1.3 billion (free on board, 2000)
Imports: food and beverages, consumer goods, basic raw materials, petroleum products.
Import partners: France 30%, Nigeria 7%, Italy 6%, Thailand 5%, Germany 4%, USA 5% (1999).
External debt: $4.1 billion (1998 est.) Economic aid recipient: $647.5 million (1995)
Economic aid donor:
Currency: African Financial Community Franc (CFA franc, Communaute Finan-ciere Africaine franc); note – the circulation of the CFA franc is regulated by the Central Bank of West African countries.
Currency code: XOF.
Exchange rate: XOF/USD – 699.21 (January 2001), 711.98 (2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996); note: since January 1, 1999, the CFA franc has been exchanged for the euro at a ratio of 655.957 CFA francs to 1 euro.
Fiscal year: calendar year.
Telecommunications Telephone lines: 116,000 (1997).
Mobile cellular telephones: 1 149 (1996).
Telephone system: good; internal: the urban system is above average quality; microwave radio relay, coaxial and fiber optic cables that make up the trunk communication system; international: 4 submarine cables; satellite ground stations – 1 Intelsat (Atlantic Ocean region).
Broadcast stations: AM -10, FM -14, shortwave – 0 (1998).
Radio receivers: 1.24 million (1997)
Television broadcast stations: 1 (1997).
Televisions: 361,000 (1997).
Internet country code: sn
Internet service providers: 1 (2000).
Number of users: 30,000 (2000).
Transport Railways: total length: 906 km; narrow gauge: 906 km (1,000 m gauge) (70 km dual gauge).
Roads: total length: 14,576 km; coated: 4,271 km; unpaved: 10,305 km (1996 est.)
Waterways: total – 897 km; 785 km along the Senegal River and 112 km along the Saloum River.
Ports and harbours: Dakar, Ziguinchor, Kaolack, Matam, Podor, Richard Toll, Saint-Louis.
Airports: 20 (2000 est.).
Airports with paved runways: total: 10; over 3,047 m: 1; from 1524 to 2437 m:7; from 914 to 1523 m: 2 (2000 est.).
Airports with unpaved runways: total: 10; from 1524 to 2437 m:5; from 914 to 1523 m:4; less than 914 m: 1 (2000 est.).
Branches of the armed forces: army, navy, air force, national gendarmerie, national police (Surete Nationale).
Enlistment age: 18 years old.
Total Military Manpower: Male 15 to 49: 2,311,063 (2001 est.).
Eligible for military service: men aged 15 to 49: 1,207,360 (2001 est.).
Number of persons reaching military age each year: male: 114,189 (2001 est.).
Military spending in dollar terms: $68 million (1997)
Military spending as part of GDP: 1.4% (1997).
International issues International disputes: no.
Illicit drugs: transit point for heroin from Southwest and Southeast Asia destined for consumption in Europe and North America; illegal production of cannabis.