In 2021, the Senegalese economy began its recovery, in part due to the Adjusted and Accelerated Priority Action Plań, with growth of 6.1 percent compared to 1.3 percent in 2020. Inflation was set at 2.1 percent in 2021. Improved global demand helped reduce the current account deficit from 10.9 percent of GDP in 2020 to 10.4 percent in 2021. The country received an SDR allocation of $460.5 million. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Senegal is a member of the West African Economic and Monetary Union (UEMOA) and is a member of the Regional Stock Exchange (BRVM), a stock exchange common to all eight (8) countries of the union. At the end of December 2022, the BRVM has 46 listed companies representing a market capitalization of $12.2 billion. Between 2017 and 2021, foreign direct investment flows to Senegal showed an upward trend from $588.3 million in 2017 to $2,231.9 million in 2021. The increase was 21% in 2021.
