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Laboratoire de la finance africaine

Senegal (UEMOA)

Preview 2018
Projected Real GDP Growth (% Change) : 6.0
GDP (current, USD Bn) : 24.10
Projected Consumer Prices (% Change) : 0.5
Country Population : 17.2 million
Market Capitalization : 8 billion$
Number of Listed Companies : 46
Sociétés Cotées à BRVM
Economic performance and outlook

Real GDP growth has been above 6% on average since 2015, propelled by the Plan for an Emerging Senegal (2014–18). Growth slipped to 6.0% in 2019 from 6.7% in 2018. Public investment in infrastructure, agriculture, and energy kept the fiscal deficit at 3.6% of GDP in 2018 and 2019, above the WAEMU convergence threshold of 3%. Given the low fiscal pressure (15% of GDP) and domestic savings, this deficit was partially financed by external borrowing, which raised the public debt to 54.7% of GDP in 2018 from 47.7% in 2017. Inflation in 2019 remained low at 0.2%.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB) 

Financial markets

As a member of UEMOA, the Senegal is a member of the Regional Securities Exchange (BRVM), which account 46 listed companies, representing, in the end of 2019, representing a market capitalization of $ 8.1 billion.

In the end of 2019, the banking sector of UEMOA represented a total asset of $ 56 billion.

Credit distributed to private sector in the end of 2019 represents $ 32 billion.