Country intelligence
Senegal
Last updated 15 Nov 2026, 05:19 UTC (sources checked) · figures last changed 15 Nov 2026 · news checked 14 Nov 2026, 15:14 UTC
Partner risk indices
- Country Risk Index
- 54.8
- Political Risk Index
- 44.5
- Short-Term Economic Risk Index
- 62.9
- Long-Term Economic Risk Index
- 60.8
- Operational Risk Index
- 58
Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.
Key indicators
| Indicator | Value | Period | Source |
|---|---|---|---|
| Real GDP growth | 6.7% | 2025 (estimate) | IMF WEO |
| Inflation, average consumer prices | 1.4% | 2025 (estimate) | IMF WEO |
| GDP, current prices | US$37.1bn | 2025 (estimate) | IMF WEO |
| GDP per capita, current prices | US$1,934 | 2025 (estimate) | IMF WEO |
| General government gross debt | 127.7% | 2025 (estimate) | IMF WEO |
| Government net lending (+) / borrowing (-) | -6.4% | 2025 (estimate) | IMF WEO |
| Current account balance | -1.2% | 2025 (estimate) | IMF WEO |
| Population | 18.9 million | 2025 | World Bank WDI |
| Population growth | 2.3% | 2025 | World Bank WDI |
| Urban population | 55.8% | 2025 | World Bank WDI |
| Unemployment (modelled ILO estimate) | 2.7% | 2025 | World Bank WDI |
| Foreign direct investment, net inflows | 0.1% | 2025 | World Bank WDI |
| External debt stocks | 131.4% | 2025 | World Bank WDI |
| Official exchange rate (period average) | 581.9 LCU per USD | 2025 | World Bank WDI |
| Trade (exports plus imports) | 71.1% | 2025 | World Bank WDI |
| Bank lending interest rate | 5.3% | 2016 | World Bank WDI |
| Domestic credit to the private sector | 30.9% | 2025 | World Bank WDI |
| Internet users | 60.1% | 2024 | World Bank WDI |
| Mobile subscriptions | 123.9 per 100 people | 2024 | World Bank WDI |
| Fixed broadband subscriptions | 4.04 per 100 people | 2024 | World Bank WDI |
| Access to electricity | 82.9% | 2024 | World Bank WDI |
| Renewable share of final energy consumption | 35.4% | 2021 | World Bank WDI |
| Oil rents | 0% | 2021 | World Bank WDI |
| Fuel exports | 32.7% | 2024 | World Bank WDI |
| Mineral rents | 2.9% | 2021 | World Bank WDI |
| Ores and metals exports | 7.9% | 2024 | World Bank WDI |
| Agriculture, forestry and fishing, value added | 17.1% | 2025 | World Bank WDI |
| Employment in agriculture | 29.6% | 2025 | World Bank WDI |
| Manufacturing, value added | 13.2% | 2025 | World Bank WDI |
| Industry (including construction), value added | 26.1% | 2025 | World Bank WDI |
| Services, value added | 46.3% | 2025 | World Bank WDI |
| Political stability and absence of violence | 62.69 | 2025 | World Bank WGI |
| Regulatory quality | 50.97 | 2025 | World Bank WGI |
| Rule of law | 55.46 | 2025 | World Bank WGI |
| Control of corruption | 51.07 | 2025 | World Bank WGI |
| Government effectiveness | 57.47 | 2025 | World Bank WGI |
Market overview
- Senegal is in West Africa and is classified by the World Bank as Lower middle income. (World Bank)
- Population: 18.9 million (2025). (World Bank WDI)
- GDP: US$37.1bn in 2025 (estimate). (IMF WEO)
Economic conditions
- Real GDP growth: 6.7% in 2025 (estimate). (IMF WEO)
- Average consumer price inflation: 1.4% in 2025 (estimate). (IMF WEO)
- General government gross debt: 127.7% of GDP in 2025 (estimate). (IMF WEO)
- Current account balance: -1.2% of GDP in 2025 (estimate). (IMF WEO)
- Government net lending/borrowing: -6.4% of GDP in 2025 (estimate). (IMF WEO)
- Official exchange rate averaged 581.93 local currency units per US dollar in 2025, against 606.57 in 2023: 4.1% more units per dollar fewer (the currency strengthened against the dollar). (World Bank WDI)
Key risks
- Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 54.8 (rank 19 of 53 in Africa, 1 = lowest risk); Political Risk Index 44.5 (rank 8 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 62.9 (rank 46 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 60.8 (rank 40 of 53 in Africa, 1 = lowest risk); Operational Risk Index 58 (rank 13 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
- Highest-scoring Partner risk component: logistics risk (64.4, operational). (Partner Research Partner)
- World Bank governance scores (2025, 0-100, higher is better): control of corruption 51; government effectiveness 57; political stability and absence of violence 63; rule of law 55; regulatory quality 51. (World Bank WGI)
- External debt stocks: 131.4% of GNI (2025). (World Bank WDI)
- Unemployment (modelled ILO estimate): 2.7% of labour force (2025). (World Bank WDI)
Investment considerations
- Foreign direct investment, net inflows: 0.1% of GDP (2025). (World Bank WDI)
- Domestic credit to the private sector: 30.9% of GDP (2025). (World Bank WDI)
- Bank lending interest rate: 5.3% (2016). (World Bank WDI)
- Trade (exports plus imports): 71.1% of GDP (2025). (World Bank WDI)
- The Meridian holds 608 published records tagged to Senegal. (The Meridian)
Sector snapshot
- Energy and power: access to electricity 82.9% of population (2024); renewable share of final energy consumption 35.4% (2021). (World Bank WDI)
- Mining and minerals: mineral rents 2.9% of GDP (2021); ores and metals exports 7.9% of merchandise exports (2024). (World Bank WDI)
- Financial services: foreign direct investment, net inflows 0.1% of GDP (2025); bank lending interest rate 5.3% (2016). (World Bank WDI)
- Technology, media and telecoms: internet users 60.1% of population (2024); mobile subscriptions 123.9 per 100 people (2024). (World Bank WDI)
- Agriculture: agriculture, forestry and fishing, value added 17.1% of GDP (2025); employment in agriculture 29.6% of employment (2025). (World Bank WDI)
- Manufacturing and industry: manufacturing, value added 13.2% of GDP (2025); industry (including construction), value added 26.1% of GDP (2025). (World Bank WDI)
- Infrastructure and real estate: urban population 55.8% of population (2025); access to electricity 82.9% of population (2024). (World Bank WDI)
Recent developments
- 21 dead , 1 rescued after migrant boat sinks off NW Senegal - Xinhua (english.news.cn, 8 Nov 2026) (GDELT)
Data limitations and sources
- Older data, shown with its period and not described as current: Bank lending interest rate (Latest published value is for 2016); Renewable share of final energy consumption (Latest published value is for 2021); Oil rents (Latest published value is for 2021); Mineral rents (Latest published value is for 2021).
- IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
- Sources last checked 15 Nov 2026.
Meridian transactions
- Circle Ventures invests in CrissCross’ operations in Africa
- AfricaWorks Investment Partners Fund II close (US$25m)
- REPP 2 provides €12m senior debt facility to Afreenergy Solar in Senegal
- Renewable Energy Performance Platform 2 (REPP 2) invests EUR 12 million in Afreenergy Solar
- Fortis Green Renewables and Zeitinger Invest invest in GRIPS Energy Group’s operations in sub-Saharan Africa
- Swami Agri issues debut c. US$52.2m green bond on the BRVM, with US$7m from the ALCB Fund
Meridian articles
- Francophone Africa is the biggest unclaimed coverage gap in the African legal market
- Senegal reaches staff-level deal with IMF for US$2.2bn and commits to debt treatment
- Senegal opens 200bn FCFA regional bond, its first syndication since the IMF deal
- BCEAO holds its main policy rate at 3% as fuel-driven inflation edges up
- BCEAO instant payment deadline arrives with Wave still outside the PI-SPI platform
- Senegal’s draft supplementary budget widens 2026 deficit to 7.6% of GDP
Economic baseline (World Bank / IMF)
- GDP
- $37.1bn2025
- Real GDP growth
- 6.7%2025
- GDP per capita
- $1,9342025
- Consumer price inflation
- 1.4%2025
- Population
- 19.2m2025
- Current account balance (% of GDP)
- -1.2%2025
- General government gross debt (% of GDP)
- 127.7%2025
Sources: IMF World Economic Outlook via the IMF DataMapper (latest year shown is no later than 2025; recent years may be IMF estimates). Latest available year shown; refreshed weekly. Compare all 54 markets.
Investors active in Senegal
- Advanced Finance & Investment Group LLC (AFIG Funds)
- AfricaWorks Investment Partners
- Axian Energy
- Bpifrance S.A.
- Ecobank Transnational Incorporated
- European Bank for Reconstruction and Development
- European Investment Bank (EIB)
- Fonds Souverain d’Investissements Stratégiques
- GroFin
- Haskè Ventures
- International Finance Corporation (IFC)
- Investisseurs & Partenaires
- Partech Africa
- Partech Partners SAS
- The African Development Bank Group (AfDB)
- The African Development Bank Group (AfDB)