| Economy - overview: | In January 1994, Senegal undertook a bold and ambitious economic reform program with the support of the international donor community. This reform began with a 50% devaluation of Senegal's currency, the CFA franc, which was linked at a fixed rate to the French franc. Government price controls and subsidies have been steadily dismantled. After seeing its economy contract by 2.1% in 1993, Senegal made an important turnaround, thanks to the reform program, with real growth in GDP averaging over 5% annually during 1995-2004. Annual inflation had been pushed down to the low single digits. As a member of the West African Economic and Monetary Union (WAEMU), Senegal is working toward greater regional integration with a unified external tariff and a more stable monetary policy. Senegal still relies heavily upon outside donor assistance, however. Under the IMF's Highly Indebted Poor Countries debt relief program, Senegal will benefit from eradication of two-thirds of its bilateral, multilateral, and private sector debt. |
| GDP - per capita | $1,800 (2005 est.) |
| GDP - real growth rate (%) | 6.1% (2005 est.) |
| Agriculture - products | peanuts, millet, corn, sorghum, rice, cotton, tomatoes, green vegetables; cattle, poultry, pigs; fish |
| GDP - composition by sector (%) | agriculture: 16.1%, industry: 21.4%, services: 62.5% (2005 est.) |
| Industries | agricultural and fish processing, phosphate mining, fertilizer production, petroleum refining, construction materials, ship construction and repair |
| Economic aid - recipient | $449.6 million (2003 est.) |
| Debt - external | $3.61 billion (2003 est.) |
| Population below poverty line (%) | 54% (2001 est.) |
| Labor force - by occupation (%) | agriculture 77% (1990 est.) |
Environment, Land use / Resources, Economy, Population / Demographics, Infrastructure, Health -- CIA World Factbook, 2005
