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Laboratoire de la finance africaine

Senegal (UEMOA)

Aperçu 2023
Annual current GDP growth (%) : 6.743
GDP (USD billions) : 30.039
Population (Thousands) : 17.676 
Sociétés Cotées à BRVM
Economic performance and outlook

The COVID–19 pandemic hit Senegal hard, leading a once robust economy to fall into recession. After increases of 6.7% in 2018 and 5.3% in 2019, real GDP contracted by 0.7% in 2020—due to a slowdown in tourism (–17.0%), transport (–8.8%), and trade (–0.6%), as well as a decline in investment and external demand. Inflation rose to 1.9% in 2020 from 0.9% in 2019 due to the restrictive measures to contain COVID–19 and the continued easing of monetary policy. The crisis hit fiscal position from both sides. Tax revenue fell and health spending rose, resulting in a deterioration of the fiscal deficit to 6.0% of GDP in 2020 from an average of 3.7% in 2018–19. The fall in external demand led to a deterioration of the current account deficit from 7.9% in 2019 to 10.3% of GDP, which was financed by donors because of the low level of foreign direct investment and the decline in remittances. (Download detailed Analysis Source : Report African Economic Outlook 2021 ; AfDB) 

Financial markets

As a member of UEMOA, the Senegal is a member of the Regional Securities Exchange (BRVM), which account 59 listed companies, representing, in the end of 2017, representing a market capitalization of $ 16.3 billion.

In the end of 2016, the banking sector of UEMOA represented a total asset of $ 36 billion.

Credit distributed to private sector in the end of 2017 represents $ 30 billion.

Amounts invested by private equity represents $ 103 million.