ECONOMIC INFORMATION
Advertisement
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 - $1,530
GDP growth - 2.4% (2002)
Advertisement
Industrial production growth - 8.1%
Inflation (12-month average) - 2.6% (2002)
Exports of goods and services as % of GDP - 29.3%
Top 3 export markets - France, Italy, Spain
Local currency (change vs. US$ 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