Senegal Economy

Senegal Economy

Gross Domestic Product 2012

GDP (purchasing power parity): $26.5 billion

GDP real growth rate: 3.7%

GDP per capita (PPP): $1,900

GDP composition by sector (2012est)

Agriculture: 15.3%

Industry: 22.7%

Services: 61.9%

Inflation: 1.5% (2012 est.)

Currency: West African CFA franc

Business Languages

The commercial languages include the following;

  • English
  • French
  • Wolof

Transport

The main means of transport in Senegal include road transport and railway transport

Energy in Senegal

The major sources of energy in Senegal include; oil, natural gas and hydro power.

Challenges in Senegal

The following are the challenges facing Senegal;

  • Unemployment
  • Periodic droughts
  • Seasonal flooding
  • Desertification
  • Senegal has a very low literacy rate of about 39% with very poor girl child education.
  • Lack of good drinking water and water for domestic purposes is a major problem in Senegal today.
  • Health and Sanitation issues
  • Low income level for people in rural sector

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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