Transcript Senegal’s Economy

Sénégal’S Economy
by Grayson Klinger
Overview
• Imports: $5.391 billion (2011)
• Exports: $2.413 billion (2011)
• Main exports:
– Phosphate mining
• Started in the 40s & 50s
– Commercial fishing
– Vast unexplored mineral resources
• GDP: $27.72 billion, $2,100 per
capita (2013)
More Statistics
• Composition of GDP (as of 2013):
– Agriculture 14.9%
– Industry 22.7%
– Services 62.4%
• Industrial Production growth rate-3% (100th
in the world)
• Labor force: 6.096 million (67th in the world)
– 77.5% agriculture, 22.55 industry &service
• Unemployment- 48% (194th in the world)
• Population below poverty line- 54%
• Budget defecit- (-5.3%)
Currency
• West African CFA Franc
– 1 Euro= 656 CFA Francs
– Euros are generally accepted by
hotels
• CFA-Communaute Financiere
Africaine
Agriculture
• 50% of population
• 15% of GDP
• Highly vulnerable to natural
hazards
• Commercial fishing
• Peanuts, black-eyed peas,
cassava, watermelons, millet, rice
and corn & Livestock
• Peanuts and cotton are the main
cash crops
Acacia Senegal (Gum Arabic)
• Biggest Markets in Europe, USA, and
India
• Used in production of cosmetics and
preparation of food
Developing Industry
• 23% of GDP
• Relies on privatization for
stability
• Receives monetary aid from World
Bank & other international
agencies
• Slowed by faulty power grid
Senegal Airlines
• Founded in 2009
• 15 destinations available in Africa
Growing Infrastructure
• 62% of GDP
• Telecommunications employs less
than agriculture, but accounts for
a much larger portion of the GDP
Government Intervention
Sources
• https://www.cia.gov/library/publications/the-w
• http://www.senegalairlines.aero/content/notre-reseauorldfactbook/geos/sg.html
• http://www.mediaguinee.net/images/rub17/calb6966b_jpg.jpg
• http://www.senegal.co.uk/Docs/Travel-Info/Know-Before-YouGo/Currency.aspx
• http://upload.wikimedia.org/wikipedia/commons/3/35/Cfa_map_fr.png
• http://www.gouv.sn/Pavillon-National-du-Senegal.html
• http://www.reportlinker.com/r0660/Senegal-industry-reports.html
• http://www.africanmining.com/country_info.php?id=32
• http://www.travelblog.org/Photos/3700067
• http://www.rnw.nl/africa/article/food-prices-soaring-african-markets
• http://www.britannica.com/EBchecked/topic/534445/Senegal/55050/Eco
nomy