Select country
Senegal
Senegal is a country with a dynamic and rapidly expanding economy. In 2024, the country recorded strong real GDP growth of 6.40% and very low inflation at 0.80%, reflecting a stable and well-managed macroeconomic environment. With a population of 18.5 million, Senegal’s GDP reached USD 32.8 billion in 2024. Despite this positive performance, important development challenges remain. The Human Development Index stands at 0.530, and although employment levels are higher than in many countries in the region around 50% of people aged 15 and above are employed structural unemployment and underemployment continue to be major issues for the Senegalese economy.
GDP nominal
USD 32.82 billion (2024)
Inflation
0.8% (2024)
Real GDP growth
6.40% (2024)
Employment as a % of population 15+
50.29% (2023)
Population
18.5 million (2024)
Human development index
0.530 (2023)
Investment indicators
General government investment (gross fixed capital formation) as a % of GDP
Private investment (gross fixed capital formation) as a % of GDP
Foreign direct investment, net inflows (% of GDP)
Latest news
PRESS RELEASE • 22 January 2026
ECOWAS holds thematic dialogue on digital transformation to strengthen regional integration
Learn more
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.…
Learn more
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 activities are expanding across several high-potential segments, including agro-processing, natural resource transformation, manufacturing, construction materials, energy, and chemicals. With the establishment of modern Special…
Learn more
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. Commercial production from these reserves expected to begin at the end of 2023 marks a major milestone for Senegal, positioning it as a new player in the regional hydrocarbons market. In parallel, the country…
Learn more
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. Significant opportunities exist across transport infrastructure, logistics, maritime and air transport, road construction, and the development of intelligent…
Learn more
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 a strong tourism potential, with niche segments such as cultural discovery, ecotourism, and sport fishing gaining increased attention. Senegal has adopted a forward-looking tourism strategy focused on expanding and improving its offerings while integrating environmental and social considerations…
Learn more