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Senegal
Senegal is a country with a dynamic and rapidly expanding economy, playing an increasingly important role in West Africa’s economic development. In 2025, the economy recorded a strong real GDP growth rate of 7.88%, reflecting robust economic activity driven by investment, infrastructure development, and expanding productive sectors. Inflation remained low at 1.44%, indicating a stable macroeconomic environment and relatively contained price pressures. With a population of 18.93 million, Senegal’s GDP reached 37.11 billion USD in 2025, highlighting the country’s growing economic weight within the region. Despite this positive performance, significant human development challenges remain. The Human Development Index stands at 0.530, reflecting continued progress in areas such as education, healthcare, and living standards, while also underscoring the need for further improvements. Employment among individuals aged 15 and above stands at 52.01%, a moderate level that reflects ongoing labor market constraints. Although economic growth has created new opportunities, structural unemployment, underemployment, and the predominance of informal economic activities continue to limit the creation of productive and higher-value jobs, particularly for young people entering the labor market.
GDP nominal
USD 37.11 billion (2025)
Inflation
1.44% (2025)
Real GDP growth
7.88 % (2025)
Employment as a % of population 15+
52.01% (2025)
Population
18.93 million (2025)
Human development index
0.530 (2023)
Investment indicators
Investment landscape
Key sectors
Agriculture
The agricultural sector is one of Senegal’s key economic pillars, deeply rooted in rural livelihoods and national food systems. With vast arable land, significant irrigation potential, and a favorable climate, crop production is experiencing strong growth. Both horticultural and cereal value chains are expanding, supported by national programs to enhance agricultural productivity and by the development of irrigated agriculture in areas such as the Senegal River Valley and the Niayes region.…
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Industry
Senegal’s industrial sector is emerging as a major driver of economic transformation, supported by abundant natural resources, increasing productive capacity, and a strategic geographic position at the crossroads of Africa, Europe, and the Americas. Industrial development, particularly agro-industry, is considered a key lever for economic transformation and value creation. Senegal is placing increasing emphasis on the local processing of its natural resources in order to reduce import…
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Energy
Senegal’s energy sector is emerging as one of the most attractive and strategically important industries in the country’s economic landscape. With ambitious national energy goals and recent discoveries of substantial oil and gas reserves, the sector is entering a transformative phase. Energy has become a central pillar of the country’s attractiveness and economic development strategy. Senegal officially became an oil-producing country on 11 June 2024, following the extraction of the first…
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Transport
The transport sector is a strategic pillar of Senegal’s development agenda, driven by the government’s strong commitment to expanding and modernizing national infrastructure. Major flagship projects ranging from mass transit systems to multimodal logistics corridors have been placed at the heart of the country’s growth strategy. At the core of Senegal’s attractiveness, infrastructure and transport play a structuring role in supporting economic transformation and regional integration. In…
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Tourism
Senegal’s tourism sector is one of the country’s most dynamic industries, driven by its rich cultural heritage, pristine beaches, diverse landscapes, and vibrant artistic scene. The country offers strong tourism potential, with niche segments such as cultural discovery, ecotourism, and sport fishing gaining increased attention. Tourism and cultural industries further strengthen this potential through a unique combination of historical heritage, cultural diversity, and varied landscapes…
Learn moreStrategies, policies and legislation
- Code des Investissements 57. JO N° 7853 DU JEUDI 02 OCTOBRE 2025.pdf
- Code général des Impôts CGI 2025.pdf
- Code_Des_Douanes.pdf
- Décret 2026-746 du 31 mars 2026 portant création et fixant les règles d'organisation.pdf
- Décret 2026-754 du 02 avril 2026 fixant les modalités d'application de la loi 2025-16 du 2.pdf
- Decret d'application de la loi PPP 2021_0.pdf
- Guide_de_mise_en_œuvre_des_contrats_de_ppp.pdf
- Loi-n°2021-23-du-02-mars-2021-relative-aux-contrats-de-partenariat-public-privé.pdf
- Territorialisation_de_linvesstissement_prive_au_senegal.pdf.pdf
Key investment institutions
- APIX – Investment Promotion and Major Projects Agency
- Sovereign Fund for Strategic Investments (FONSIS)
- Guarantee Fund for Priority Investments (FONGIP)
- Ministry of Finance and the Budget
- National Bank for Economic Development
- Agricultural Bank
- Technological New Deal
- UNAPPP | National Unit for Public-Private Partnership Support
- Senegal Court of Accounts
- Ministry of Energy, Petroleum and Mines
- Senegalese Customs Administration
- DGID Senegal – Directorate General of Taxes, State Property and Tax Services