ECONOMIC INFORMATION

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Population - 10.0m

Population growth - 2.28%

GDP (current US$) - $4.94bn (2002)

GDP per capita - $494

GDP per capita on a purchasing price parity basis - $1,530

GDP growth - 2.4% (2002)

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Industrial production growth - 8.1%

Inflation (12-month average) - 2.6% (2002)

Exports of goods and services as % of GDP - 29.3%

Top 3 export markets - France, Italy, Spain

Local currency (change vs. US$ Jan 1-Nov 26, 2003) - CFA Franc (pegged to euro)

WEF Growth Competitiveness ranking * - 79/102

WEF Business Competitiveness ranking ** - 82/95

Local industries - Agricultural and fish processing, phosphate mining,

fertilizer production, petroleum refining, construction materials

Languages - French

 

GOVERNANCE

 

World Bank Governance Matters III ***

Political stability - -0.36

Government effectiveness - -0.18

Regulatory quality - -0.22

Rule of law - -0.2

Control of corruption - -0.17

Economic Freedom ranking - 80/165

UN Human Development Index ranking - 156/175

 

FDI INFORMATION

 

Region - Sub-Saharan Africa

No. of projects (Jan-Sep 2003) - 4

Market-share of projects in the region - 1.7%

Value of projects relative to GNP - 28.6%

Top 3 destination sectors - Other Transport OEM, Logistics & Distribution,

IT & Software

Top 3 source countries - Zimbabwe, Vietnam, Spain

Top 3 investors - Protek, Mercasa, Lam Hoa

 

IPA

 

Name - Agency for Investment Promotion and Major Projects

Web address - www.investinsenegal.com

Telephone +221 849 05 55

 

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance

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