Senegal

Description of Senegal

Senegal, a West African nation known for its vibrant culture, diverse landscapes, and rich history, stands at a pivotal juncture in its development. With a growing population and a strategic location on the Atlantic coast, Senegal holds immense potential for economic growth and regional influence. As this country navigates the complexities of modern global dynamics, understanding key macroeconomic statistics such as GDP growth, inflation rates, and trade balances becomes crucial for policymakers, investors, and analysts alike. Join us as we delve into the intricate interplay between macroeconomic indicators and Senegal's trajectory towards prosperity and stability.

Population And Age Structure

Population, total: Senegal has a population of 16,436,120, which is below the average population of 40,097,746.58. Senegal ranks 71 out of 194 countries in total population.

Population ages 0-14 (% of total population): Senegal's population aged 0-14 is 42.07%, higher than the average of 27.34%. Senegal ranks 24 out of 194 countries in this age group.

Population ages 0-14, total: Senegal has 6,913,873 children aged 0-14, below the average of 10,327,379.98. Senegal ranks 57 out of 194 countries in this category.

Population ages 15-64 (% of total population): Senegal's population aged 15-64 is 54.76%, lower than the average of 63.44%. Senegal ranks 171 out of 194 countries in this age bracket.

Population ages 15-64, total: Senegal has 9,000,711 individuals aged 15-64, well below the average of 26,003,407.49. Senegal ranks 70 out of 194 countries in this group.

Population ages 65 and above (% of total population): Senegal's population aged 65 and above is 3.17%, below the average of 9.22%. Senegal ranks 158 out of 194 countries in this demographic.

Population ages 65 and above, total: Senegal has 521,536 individuals aged 65 and above, significantly below the average of 3,766,959.08. Senegal ranks 101 out of 194 countries in this age group.

Summary

Senegal has a relatively young population with a high percentage of individuals aged 0-14 compared to the global average. However, the country's percentage of population aged 15-64 is lower than the average, indicating a smaller working-age population. Additionally, Senegal has a significantly lower percentage of individuals aged 65 and above compared to the global average. These demographics are crucial for policymakers and investors to consider as they impact various aspects of the economy, including workforce productivity, healthcare needs, and pension requirements.

Population Miscellaneous

- Senegal's rural population is 8,526,730, which is below the average of 18,044,041. Senegal ranks 63 out of 190 countries in this category. - The rural population (% of total population) in Senegal is 51.878%, above the average of 41.158%. Senegal ranks 63 out of 190 countries. - Senegal's urban population is 7,909,390, lower than the average of 22,425,747. Senegal ranks 75 out of 194 countries. - The urban population (% of total population) in Senegal is 48.122%, below the average of 59.691%. Senegal ranks 132 out of 194 countries. - Senegal's age dependency ratio (% of working-age population) is 82.609%, higher than the average of 59.219%. Senegal ranks 24 out of 194 countries. - The crude birth rate in Senegal is 33.034 per 1,000 people, above the average of 19.384. Senegal ranks 24 out of 192 countries. - Senegal's crude death rate is 5.584 per 1,000 people, below the average of 8.214. Senegal ranks 166 out of 192 countries. - Senegal's total fertility rate is 4.454 births per woman, higher than the average of 2.603. Senegal ranks 23 out of 190 countries.

Summary

Senegal exhibits characteristics of a developing country with a significant rural population and a high age dependency ratio. The country also has above-average crude birth and total fertility rates, indicating a youthful population. These indicators are crucial as they provide insights into Senegal's demographic structure, workforce dynamics, and potential future development challenges related to healthcare, education, and economic productivity.

Military

Senegal's military expenditure of $345,637,478.93 is significantly below the average of $12,904,993,617.17, ranking 97th out of 149 countries in the dataset.

Senegal's military expenditure of 1.40% of GDP is below the average of 1.90%. This places Senegal 84th out of 148 countries.

Senegal's arms imports of $22,000,000 are notably lower than the average of $205,522,123.89, ranking 72nd out of 113 countries.

In terms of armed forces personnel, Senegal has a total of 19,000 personnel, below the average of 165,908.54. This places Senegal 109th out of 164 countries.

Senegal's armed forces personnel as a percentage of the total labor force is 0.40%, significantly lower than the average of 1.28%. Senegal ranks 129th out of 164 countries in this aspect.

Summary

Senegal's military expenditure, arms imports, and armed forces personnel levels are below the global averages, ranking the country relatively lower in comparison to other nations. These indicators are crucial as they reflect Senegal's prioritization of military resources and preparedness, influencing its defense capabilities and potential geopolitical positioning in regional and international affairs.

Natural Resources

Senegal's forest area is 80,681.6 sq. km, ranking 59th out of 191 countries, below the global average of 211,606.11 sq. km. Senegal's land area of 192,530 sq. km ranks 85th out of 194 countries, below the average of 665,166.51 sq. km. The country's surface area of 196,710 sq. km ranks 86th out of 194 countries, below the average of 689,779.56 sq. km.

In terms of arable land, Senegal has 3,750,000 hectares, ranking 60th out of 190 countries, below the average of 7,329,543.16 hectares. Senegal's land under cereal production is 1,998,542 hectares, below the average of 4,206,011.63 hectares, ranking 54th out of 174 countries. The country's average annual precipitation depth is 686 mm, ranking 113th out of 178 countries, below the average of 1,157.83 mm.

Senegal's renewable internal freshwater resources total 25.8 billion cubic meters, ranking 99th out of 178 countries, below the average of 240.41 billion cubic meters.

Summary

Senegal's land area, forest area, arable land, and renewable internal freshwater resources all rank below global averages, indicating potential challenges in terms of land utilization, agriculture productivity, and water availability. These statistics are crucial as they highlight the country's constraints in natural resources management, agricultural development, and water security, which are fundamental for sustainable economic growth and human development.

Resource Rents

Senegal's total natural resources rents account for 2.87% of its GDP, below the average of 4.63%. The country ranks 70 out of 175 countries in this category.

Senegal's forest rents make up 1.60% of its GDP, slightly above the average of 1.53%. It ranks 44 out of 174 countries in this aspect.

Natural gas rents contribute a mere 0.003% to Senegal's GDP, significantly below the average of 1.25%. Senegal holds the 81st rank out of 96 countries in this metric.

Senegal's mineral rents stand at 1.27% of GDP, slightly higher than the average of 1.23%. The country is ranked 22 out of 86 nations included in this data.

Summary

Senegal demonstrates a mixed performance in utilizing its natural resources for economic gain. While the country falls below the global average in total natural resources rents and natural gas rents, it surpasses the average in forest rents and mineral rents. These statistics are crucial as they highlight Senegal's potential for further economic development through the sustainable management and exploitation of its natural resources, which can contribute significantly to the country's GDP and overall economic growth.

Commodities

Senegal's cereal production of 3,640,544.67 metric tons is below the average of 17,249,945.93 metric tons, ranking 72 out of 174 countries in the dataset.

Senegal's aquaculture production of 1,100 metric tons is significantly below the average of 679,642.92 metric tons, ranking 122 out of 180 countries.

Senegal's capture fisheries production of 458,363.46 metric tons is slightly below the average of 467,453.06 metric tons, ranking 37 out of 190 countries.

Senegal's total fisheries production of 459,463.46 metric tons is well below the average of 1,153,914.85 metric tons, ranking 40 out of 182 countries.

Senegal's fertilizer consumption of 21.57 kilograms per hectare of arable land is below the average of 159.04 kilograms, ranking 139 out of 187 countries.

Summary

Senegal's agricultural sector faces challenges as it lags behind global averages in key production metrics such as cereal, aquaculture, and fisheries. Particularly concerning is Senegal's low fertilizer consumption compared to the average, indicating potential inefficiencies or limitations in agricultural productivity. Addressing these lower-than-average production levels could significantly impact Senegal's food security, economic development, and overall competitiveness in the global market.

Intellectual Property

Senegal's scientific and technical journal articles come in at 395.73, significantly below the average of 15103.76. With a rank of 100 out of 192 countries, there is room for growth in research output in this area.

When it comes to charges for the use of intellectual property payments, Senegal's value of 8,830,999.99 falls well below the average of 3,218,843,494.39. The country ranks 103 out of 143, signaling a potential for increased investment in intellectual property utilization.

Senegal's receipts for the use of intellectual property stand at 5,734,503.57, much lower than the average of 3,191,687,117.58. With a rank of 73 out of 122 countries, there is an opportunity for Senegal to enhance its intellectual property revenue generation.

Summary

Senegal lags behind the global average in scientific and technical journal articles, charges for the use of intellectual property, and receipts for the use of intellectual property. These statistics indicate a need for increased investment in research and development, as well as intellectual property utilization, to bolster Senegal's innovation and economic growth potential.

Broad Economy Attributes

- Senegal's GDP (current US$) is significantly below the average of $442.87 billion, ranking 103 out of 189 countries.
- Senegal's GDP, PPP (current international $) is also below the average of $734.14 billion, ranking 101 out of 181 countries.
- The GDP per capita (current US$) for Senegal is well below the average of $15,462.11, placing it at rank 153 out of 190 countries.
- Senegal's GDP per capita, PPP (current international $) is notably lower than the average of $21,251.89, ranking 150 out of 181 countries.
- The GNI (current US$) for Senegal is significantly below the average of $452.04 billion, ranking 100 out of 185 countries.
- Senegal's GNI, PPP (current international $) is also below the average of $730.70 billion, ranking 99 out of 181 countries.
- The GNI per capita, PPP (current international $) is notably lower than the average of $20,615.75, placing Senegal at rank 151 out of 181 countries.

Summary

Senegal's key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita consistently rank below global averages, indicating lower economic output and income levels compared to many countries worldwide. These lower rankings suggest that Senegal may face challenges in terms of economic development, poverty reduction, and overall wealth creation. Addressing these disparities and improving these indicators could be crucial for Senegal's sustainable growth, increased standard of living for its citizens, and enhanced competitiveness on the global stage.

Broad Value Added

- Senegal's Gross value added at basic prices (GVA) is $22,048,666,732.26, ranking 97th out of 176 countries. This value is significantly below the average GVA of $360,070,943,595.12.
- Agriculture, forestry, and fishing contribute 16.15% to Senegal's GDP, placing the country 50th out of 182 countries. Senegal's value added is above the average of 10.86%.
- Senegal's Agriculture, forestry, and fishing value added in current US dollars is $3,961,378,456.38, ranking 81st out of 182 countries. This value is below the average of $19,924,732,828.07.
- Services contribute 50.52% to Senegal's GDP, placing the country 135th out of 183 countries. Senegal's service value added is below the average of 56.72%.
- Senegal's Services value added in current US dollars is $12,393,991,407.07, ranking 104th out of 183 countries. This value is significantly below the average of $295,837,711,130.69.
- The Industry (including construction) value added in current US dollars is $5,693,296,868.81 for Senegal, ranking 107th out of 183 countries. Senegal's value added in this sector is well below the average of $118,421,095,413.50.

Summary

Senegal's economy relies heavily on the agriculture, forestry, and fishing sectors, which make a significant contribution to its GDP compared to the global average. However, the country's service sector, which has a lower contribution to the GDP, significantly underperforms compared to the global average. Additionally, Senegal's industry sector lags behind in terms of value added, indicating potential room for growth and development in this area. These findings are crucial as they highlight both the strengths and weaknesses of Senegal's economy, providing insight into areas that require improvement and potential opportunities for diversification and economic growth.

Manufacturing Value Added

Senegal's manufacturing value added in current US dollars is substantially lower than the average, ranking 94th out of 173 countries. In terms of manufacturing value added as a percentage of GDP, Senegal performs above average, ranking 53rd out of 173 countries.

The country excels in the percentage of medium and high-tech manufacturing value added, ranking 61st out of 149 countries, surpassing the global average. Senegal also outperforms in the chemicals sector, with a value far above the average, ranking 12th out of 89 countries.

Senegal's food, beverages, and tobacco sector contribute significantly to manufacturing value added, ranking 12th out of 92 countries, well above the average. However, the country's machinery and transport equipment sector lags, with a value much lower than the average, ranking 91st out of 93 countries.

In textiles and clothing, Senegal also falls below the average, ranking 87th out of 93 countries. Lastly, in other manufacturing sectors, Senegal's performance is below average, ranking 62nd out of 94 countries.

Summary

Senegal's manufacturing value added varies across different sectors, with strengths in high-tech manufacturing, chemicals, and food-related industries, but weaknesses in machinery, textiles, and other manufacturing sectors. These findings are important as they highlight Senegal's areas of competitive advantage that could be further developed to drive economic growth, as well as areas that may require attention and investment to enhance overall industrial performance and competitiveness on a global scale.

Money

Senegal has a consumer price inflation rate of 2.54%, below the average of 8.26%. Senegal ranks 73 out of 165 countries in this attribute data.

The GDP deflator inflation in Senegal is at 1.60%, also below the average of 6.90%. Senegal ranks 107 out of 188 countries for this attribute.

Senegal's broad money growth rate is 12.34%, lower than the average of 18.03%. The country ranks 78 out of 139 countries in this aspect.

With broad money constituting 45.29% of Senegal's GDP, it is below the average of 71.75%. Senegal ranks 96 out of 139 countries in this data set.

Summary

Senegal's key macroeconomic indicators demonstrate a trend of below-average performance in various aspects such as consumer price inflation, GDP deflator inflation, broad money growth rate, and broad money as a percentage of GDP. These statistics indicate a level of stability in Senegal's economy with controlled inflation and money supply growth compared to the global average, positioning the country moderately among its peers. It is crucial for policymakers and investors to monitor these indicators as they reflect the economic health and financial stability of Senegal, influencing investment decisions and strategic planning for sustainable development.

Consumption Expenditure

Final consumption expenditure (current US$): Senegal's final consumption expenditure is $20,363,465,925.48, ranking 97 out of 159 countries. This value is significantly below the attribute average of $381,630,252,515.38.

Final consumption expenditure (% of GDP): Senegal's final consumption expenditure as a percentage of GDP is 83.01%, slightly above the average of 82.37%. Senegal ranks 69 out of 159 countries in this metric.

General government final consumption expenditure (current US$): Senegal's expenditure is $3,503,016,026.25, ranking 101 out of 158 countries. This value is well below the attribute average of $93,676,578,238.03.

General government final consumption expenditure (% of GDP): Senegal's government expenditure as a percentage of GDP is 14.28%, ranking 113 out of 158 countries. This is below the average of 18.71%.

Household and NPISHs Final consumption expenditure (current US$): Senegal's expenditure is $16,860,449,899.23, ranking 96 out of 158 countries. This is significantly below the average of $290,127,571,157.69.

Households and NPISHs final consumption expenditure (% of GDP): Senegal's household expenditure as a percentage of GDP is 68.73%, above the average of 63.68%. Senegal ranks 62 out of 158 countries in this metric.

Summary

Senegal has relatively low final consumption expenditure compared to the global average, indicating potential room for growth and development. While the country's government expenditure as a percentage of GDP is below average, household expenditure is higher, suggesting a strong domestic demand and consumer-driven economy. It is important to address the disparity between government and household consumption to ensure sustainable economic growth and stability in Senegal.

Investment

Senegal's foreign direct investment, net (BoP, current US$) is -1746478531.66, which is below the attribute average of -1615235980.51. Senegal ranks 128 out of 169 countries in this category.

The country's foreign direct investment, net inflows (BoP, current US$) amount to 1845665272.74, lower than the average of 5749271080.15. Senegal holds the 54th position out of 182 countries for this indicator.

Senegal's foreign direct investment, net inflows (% of GDP) stands at 7.52, above the average of 2.61. The country ranks 20th out of 178 nations in this aspect.

For foreign direct investment, net outflows (BoP, current US$), Senegal records 99186741.08, significantly lower than the average of 5707991116.07. Senegal is placed 70th out of 156 countries in this regard.

Senegal's foreign direct investment, net outflows (% of GDP) is 0.40, below the average of 1.00. Senegal ranks 59th out of 155 countries for this metric.

In terms of portfolio investment, net (BoP, current US$), Senegal reflects -349660690.88, which is less than the average of 679559169.57. Senegal holds the 118th position out of 159 countries in this category.

Portfolio investment in bonds (PPG + PNG) (NFL, current US$) for Senegal is at -103803000, far below the average of 4134263915.25. Senegal ranks 45th out of 59 countries for this statistic.

Senegal's portfolio equity, net inflows (BoP, current US$) amount to 16860208.42, substantially lower than the average of 9197145994.70. Senegal is placed 40th out of 125 countries in this domain.

Summary

Senegal's performance in foreign direct investment indicates a below-average attraction of net inflows compared to global benchmarks, with relatively high percentages of net inflows to GDP. On the other hand, the country exhibits significantly lower levels of net outflows in both absolute and relative terms. In terms of portfolio investments, Senegal shows deficits in net portfolio investments and equity compared to the global average, potentially pointing to challenges in attracting diverse forms of investment.

These findings are crucial as they highlight Senegal's position in the global economy and its ability to both attract and retain foreign investments. Understanding these statistics can aid policymakers in identifying areas for improvement to boost economic growth, enhance competitiveness, and ensure sustainable development.

Debt

Senegal's total debt service as a percentage of GNI is 4.21%, which is below the average of 5.98%. The country ranks 59th out of 120 countries in this attribute.

Senegal's public and publicly guaranteed debt service as a percentage of GNI is 3.35%, higher than the average of 2.84%. It ranks 39th out of 120 countries.

The external debt stocks of Senegal as a percentage of GNI is 96.54%, significantly higher than the average of 65.42%. Senegal ranks 21st out of 120 countries in this aspect.

Senegal's debt service on external debt amounts to $1,015,387,800.7, which is lower than the average of $9,811,195,839.23. The country is ranked 65th out of 123 countries.

Senegal's debt service on external debt that is public and publicly guaranteed is $807,336,395.6, below the average of $3,310,612,057.60. It holds the 53rd position out of 123 countries.

The external debt stocks in Senegal that are public and publicly guaranteed amount to $14,024,605,499.10, lower than the average of $28,695,879,144.98. Senegal ranks 45th out of 123 countries.

Senegal's external debt stocks that are private and non-guaranteed total $6,951,762,000, significantly below the average of $33,734,699,285.22. The country ranks 42nd out of 91 countries considering this metric.

Senegal's total external debt stocks amount to $23,286,447,933.20, well below the average of $73,845,530,111.82. The country holds the 48th position out of 123 countries in this regard.

Summary

Senegal's debt indicators show mixed results: while the country has a lower total debt service and public debt service as a percentage of GNI compared to the averages, its external debt stocks as a percentage of GNI are significantly higher than average. Senegal also has lower values for external debt stocks that are public and publicly guaranteed, external debt stocks that are private and non-guaranteed, and total external debt stocks compared to the averages.

These findings are crucial as they reflect Senegal's financial stability, debt sustainability, and ability to manage its debt obligations. A lower debt service as a percentage of GNI indicates more fiscal space for other development priorities, while higher external debt stocks may pose risks in managing repayments and maintaining financial health. Understanding these indicators can inform policymakers, investors, and international creditors about Senegal's economic resilience and potential challenges in the debt landscape.

Broad Trade Attributes

- Trade (% of GDP): Senegal's trade as a percentage of its GDP is below the average compared to 163 countries, ranking 100th out of 163. This indicates the country may have potential to further develop its trade relationships.
- Merchandise trade (% of GDP): Senegal's merchandise trade as a percentage of GDP is also below average compared to 186 countries, ranking 106th out of 186. This suggests a possible opportunity for Senegal to enhance its merchandise trade activities.
- Trade in services (% of GDP): Senegal's trade in services as a percentage of GDP is below the average compared to 171 countries, ranking 91st out of 171. There may be room for Senegal to focus on boosting its services trade to align more closely with the global average.
- External balance on goods and services (current US$): Senegal has a negative balance in goods and services, deviating significantly from the average of 163 countries. With a rank of 135 out of 163, Senegal may need to strategize ways to improve this balance for economic stability.
- External balance on goods and services (% of GDP): Senegal's negative external balance as a percentage of GDP is notably below the average. With a rank of 137 out of 163 countries, Senegal could consider measures to address this imbalance and enhance its economic position.

Summary

Senegal's trade metrics, including overall trade, merchandise trade, and trade in services, demonstrate room for growth and improvement compared to global averages. Furthermore, Senegal's negative external balance on both goods and services, in both absolute and relative terms, highlights a potential economic vulnerability that may need to be addressed to enhance economic stability and development. These findings are crucial as they pinpoint specific areas where Senegal can focus its efforts to boost economic growth, improve trade dynamics, and achieve a more balanced external position.

Net Trade

Senegal's current account balance is -2662353128.79 USD, significantly below the average of 1443864831.49 USD. Senegal ranks 140th out of 170 countries in this category.

The current account balance as a percentage of Senegal's GDP is -10.85%, well below the average of -2.36%. Senegal ranks 145th out of 170 countries in this attribute.

Senegal's net trade in goods and services is -4563895368.22 USD, lower than the average of 2604730003.57 USD. Senegal holds the 140th position out of 171 countries in this regard.

The net primary income for Senegal is -592334937.49 USD, slightly above the average of -903807529.74 USD. Senegal ranks 92nd out of 170 countries for this metric.

Senegal's net secondary income stands at 2493877176.91 USD, significantly higher than the average of -269227340.40 USD. Senegal is ranked 36th out of 170 countries in this category.

Senegal's net trade in goods is at -2796617859.68 USD, below the average of 1302831005.68 USD. Senegal is positioned 126th out of 171 countries for this attribute.

Senegal's net capital account is 241309202.99 USD, higher than the average of 136543824.05 USD. Senegal ranks 40th out of 159 countries in this category.

The net financial account for Senegal is -2409874265.76 USD, well below the average of -469840994.63 USD. Senegal is ranked 139th out of 170 countries in this aspect.

Summary

Senegal's current account balance, current account balance as a percentage of GDP, net trade in goods and services, net primary income, net secondary income, net trade in goods, net capital account, and net financial account all show that Senegal is facing significant deficits compared to global averages. These deficits indicate challenges in trade competitiveness, income generation, and financial stability. Addressing these deficits is crucial for Senegal's sustainable economic growth, attracting foreign investments, and improving overall economic stability.

Broad Export Attributes

Senegal's Exports of goods, services and primary income stands at $5.56 billion, significantly below the average of $146.24 billion, ranking 111 out of 170 countries.

Senegal's Exports of goods and services amount to $5.06 billion, noticeably lower than the average of $122.94 billion, placing it at rank 114 out of 170 countries.

Senegal's Exports of goods and services (current US$) are $5.08 billion, falling short of the average of $129.60 billion, ranking 109 out of 163 countries.

Senegal's Exports of goods and services (% of GDP) is 20.70%, lower than the average of 38.19%, and the country ranks 117 out of 163 countries in this aspect.

Senegal's Goods exports amount to $4.19 billion, significantly below the average of $93.31 billion, placing the country at rank 110 out of 171 countries.

Senegal's ICT goods exports contribute 0.11% to total goods exports, well below the average of 3.81%, ranking at 107 out of 142 countries.

Summary

Senegal's export performance across various indicators falls below the global averages, positioning the country in ranks lower than the median among 170 to 171 countries. The lower values signify a potential lack of competitiveness in the global market and could indicate challenges in diversifying the export base and capturing higher value-add sectors.

Merchandise Exports

Senegal's merchandise exports amount to $3.93 billion, ranking 117th out of 187 countries. This value is significantly below the average merchandise exports of $89.54 billion.
Senegal's agricultural raw materials exports account for 1.37% of its merchandise exports, ranking 67th out of 151 countries. This percentage is lower than the average of 2.97%.
The country's food exports represent 31.35% of its merchandise exports, ranking 41st out of 152 countries, which is higher than the average of 24.06%.
Senegal's fuel exports constitute 15.99% of its merchandise exports, placing it 39th out of 147 countries. This figure exceeds the average of 13.70%.
Senegal's ores and metals exports make up 6.75% of its merchandise exports, ranking 42nd out of 152 countries. This percentage is below the average of 9.10%.
Finally, Senegal's residual merchandise exports, accounting for 12.54% of the total, position it at rank 10 out of 166 countries. This figure is significantly higher than the average of 3.20%.

Summary

Senegal's merchandise exports are relatively low compared to the global average, with a heavy reliance on food exports but a lower share of agricultural raw materials and ores/metals exports. However, the country excels in residual merchandise exports, showcasing a potential for diversification and growth in non-traditional sectors. These indicators are important as they highlight Senegal's current trade strengths and weaknesses, guiding policymakers in promoting export diversification and enhancing competitiveness in key sectors to drive economic growth and sustainable development.

Technology Exports

Senegal's Manufactures exports (% of merchandise exports) account for 25.84% of its total exports, which is below the average of 42.62%. Senegal ranks 91 out of 152 countries in this attribute.

The country's High-technology exports amount to $7,555,947, significantly below the average of $16,655,934,078.80. Senegal holds the 118th position out of 151 countries in this category.

Senegal's High-technology exports (% of manufactured exports) stand at 0.74%, far lower than the average of 10.15%. The country ranks 136 out of 150 nations in this aspect.

Senegal's Medium and high-tech exports (% manufactured exports) constitute 15.37%, below the average of 34.29%. The country is ranked 104 out of 149 countries in this specific attribute.

Summary

Senegal's performance in key macroeconomic indicators related to exports, such as Manufactures exports, High-technology exports, High-technology exports (% of manufactured exports), and Medium and high-tech exports (% manufactured exports), is below average compared to global benchmarks. These indicators reflect Senegal's challenges in diversifying its export base, upgrading its technological capabilities, and enhancing the value-added of its exports. Improving performance in these areas is crucial for Senegal to enhance its competitiveness, attract foreign investment, and achieve sustainable economic growth in the long term.

Service Exports

Senegal's service exports amount to $874,241,722.45, significantly below the average of $28,917,292,503.82, ranking 110th out of 171 countries in this category.

Senegal's ICT service exports stand at $114,840,353.10, also notably lower than the average of $4,578,501,153.77, placing Senegal at the 94th position out of 166 countries.

Senegal's ICT service exports as a percentage of total service exports is 13.14%, slightly above the average of 11.75%, positioning Senegal at the 51st rank out of 166 countries.

Senegal's communications, computer, and related services as a percentage of service exports is 68.83%, which surpasses the average of 45.85%, giving Senegal a strong 31st rank out of 169 countries.

Senegal's transport services as a percentage of service exports is 13.53%, below the average of 21.80%, resulting in a rank of 100 out of 169 countries.

Senegal's travel services as a percentage of service exports is 14.04%, lower than the average of 26.40%, placing Senegal at the 104th position out of 167 countries.

Senegal's insurance and financial services as a percentage of service exports is 3.60%, falling short of the average of 6.46%, leading to a rank of 78th out of 161 countries.

Summary

Senegal's service exports, ICT service exports, and various service components all fall below the global averages, indicating room for growth and development in these sectors. However, Senegal excels in communications, computer, and related services, showcasing a competitive edge in this particular area compared to the global average. Improving and diversifying service exports can help Senegal boost its economy, create employment opportunities, and enhance global competitiveness in the services sector.

Commercial Service Exports

Senegal's commercial service exports amount to $677,175,429.81, ranking 113th out of 171 countries. This value is significantly below the average of $28,508,218,402.80 for this attribute.

Travel services contribute 18.13% to Senegal's commercial service exports, ranking 93rd out of 167 countries. Senegal falls below the average of 27.89% for this attribute.

Senegal's computer, communications, and other services make up 59.76% of its commercial service exports, ranking 47th out of 169 countries. This value is notably higher than the average of 42.44%.

Insurance and financial services represent 4.65% of Senegal's commercial service exports, ranking 69th out of 161 countries. Senegal's value is below the average of 6.97% for this attribute.

Transport services contribute 17.46% to Senegal's commercial service exports, ranking 90th out of 169 countries. Senegal's value is below the average of 23.37% for this attribute.

Summary

Senegal's commercial service exports show strengths in computer, communications, and other services, comprising 59.76% of total exports, ranking 47th globally. However, the country lags behind in travel services, insurance, financial services, and transport services in comparison to global averages.

These findings are crucial as they highlight Senegal's competitive advantage in technology-related services but also point out areas for improvement to diversify its service export portfolio and potentially increase its overall export revenue.

Broad Import Attributes

Senegal's imports of goods and services amount to 9.65 billion current US dollars, ranking 94th out of 163 countries. This value is significantly below the attribute average of 126.19 billion, indicating a trade deficit compared to the average.

Senegal's imports of goods and services as a percentage of GDP stand at 39.35%, placing it 75th out of 163 countries. This percentage is below the attribute average of 44.15%. Senegal's GDP seems less reliant on imports compared to the average of the included countries.

In terms of ICT goods imports as a percentage of total goods imports, Senegal is ranked 106th out of 143 countries with a value of 3.75%. This figure is notably lower than the attribute average of 6.85%, suggesting a lesser focus on importing ICT goods compared to other nations.

Senegal's goods imports amount to approximately 6.98 billion US dollars, positioning it as the 100th out of 171 countries. This value is considerably lower than the attribute average of 92.01 billion, indicating a lower volume of goods imports compared to the average.

Senegal's imports of goods and services (Balance of Payments) stand at about 9.63 billion US dollars, ranking 98th out of 170 countries. This value significantly deviates from the attribute average of 120.32 billion, signifying a lower level of imports compared to the average.

Senegal's imports of goods, services, and primary income (Balance of Payments) amount to about 10.71 billion US dollars, placing it 98th out of 170 countries. This value is well below the attribute average of 144.51 billion, indicating a relatively lower level of combined imports compared to the average of the included countries.

Summary

Senegal's import indicators suggest that the country has a trade deficit compared to the global average, with lower imports of both goods and services. The lower reliance on imports, particularly ICT goods, signifies a less import-dependent economy compared to other nations globally. These findings are crucial as they highlight Senegal's relative self-sufficiency and potentially lower exposure to external economic shocks arising from heavy import dependency.

Merchandise Imports

Senegal's merchandise imports amount to $7.81 billion, ranking 101 out of 190 countries. This is significantly below the average merchandise imports of $89.39 billion.

Senegal's manufactures imports account for 49.48% of total merchandise imports, ranking 145 out of 152 countries. This percentage is below the average of 66.76%.

Senegal's agricultural raw materials imports constitute 1.47% of merchandise imports, placing it at the 47th position out of 152 countries, which is above the average of 1.27%.

Food imports make up 24.01% of Senegal's merchandise imports, ranking 20 out of 152 countries. This is higher than the average of 15.89%.

Senegal's fuel imports represent 23.15% of merchandise imports, ranking 7 out of 152 countries. This is significantly higher than the average of 11.38%.

Ores and metals imports account for 1.37% of Senegal's merchandise imports, placing it at the 87th position out of 152 countries, which is below the average of 2.57%.

Senegal's residual merchandise imports are 0.25% of total merchandise imports, ranking 101 out of 180 countries. This percentage is below the average of 2.51%.

Summary

Senegal stands out with a relatively low total merchandise import value compared to the global average, but the country relies significantly on food and fuel imports which exceed the average percentages. The higher dependence on food and fuel imports indicates potential vulnerabilities to fluctuations in global commodity prices and supply chain disruptions, highlighting the importance of diversifying the import structure to ensure economic stability and resilience.

Service Imports

Senegal's service imports amount to approximately $2.64 billion, ranking 90 out of 171 countries. This value is significantly below the average service imports of $27.62 billion.

Senegal's communications, computer, etc. as a percentage of service imports is 62.51%, exceeding the average of 44.40%. The country ranks 27 out of 169 nations in this category.

Transport services, accounting for 30.37% of Senegal's service imports, are slightly below the average of 32.90%. Senegal ranks 78 out of 169 countries.

Senegal's travel services, representing 1.90% of service imports, fall far below the average of 14.14%. The country ranks 160 out of 169 nations in this aspect.

In terms of insurance and financial services as a percentage of service imports, Senegal's 5.22% is lower than the average of 8.53%. The country ranks 103 out of 169 countries.

Summary

Senegal's service imports are significantly below the global average, with a notable focus on communications, computer, etc. and relatively lower shares in transport and travel services. The country also lags behind in insurance and financial services compared to the average. These indicators are crucial as they shed light on Senegal's trade priorities, competitiveness in various sectors, and potential areas for improvement to enhance its economic development and integration into the global economy.

Commercial Service Imports

Senegal's commercial service imports amount to $2,589,757,548.51, which is below the average of $27,102,746,128.60 (ranked 89th out of 171 countries). The country tends to import a higher percentage of Computer, communications, and other services compared to the average, with a value of 61.76% (ranked 27th out of 169 countries). Senegal's Insurance and financial services import percentage is below average at 5.33% (ranked 104th out of 169 countries). The country also imports a lower percentage of Transport services compared to the average, with a value of 30.97% (ranked 82nd out of 169 countries). Senegal's Travel services import percentage is significantly below average at 1.94% (ranked 159th out of 169 countries).

Summary

Senegal has lower commercial service imports compared to the average, particularly in Insurance and financial services and Travel services. This suggests that the country may have opportunities to diversify its imports towards these sectors to stimulate economic growth and development. Understanding these import patterns is crucial for policymakers to identify areas for improvement and strategic trade partnerships to enhance the country's economic resilience and competitiveness.

Infrastructure

Senegal's air transport for freight, at 2.57 million ton-km, is significantly below the average of 1384.37 million ton-km, ranking 92 out of 126 countries. The country's registered carrier departures worldwide, at 4377, also fall below the average of 134365.61, ranking 102 out of 149 countries.

In terms of passengers carried by air transport, Senegal recorded 271331 passengers, considerably lower than the average of 11848242.70 passengers. This places Senegal at a rank of 108 out of 149 countries. Furthermore, Senegal's container port traffic of 696899 TEUs is notably below the average of 6907110.27 TEUs, placing the country at rank 76 out of 110 countries.

Summary

Senegal's air transport and maritime capabilities are lagging behind global averages, with lower freight, departure frequencies, passenger volumes, and port traffic. These indicators are crucial for a country's economic competitiveness, trade efficiency, and connectivity with the global market. Senegal's lower rankings highlight a potential need for investment and improvements in transportation infrastructure to boost trade, tourism, and overall economic development.

Information Technology Infrastructure

Summary

Senegal lags behind the global average in terms of secure internet servers, secure internet servers per capita, internet usage, fixed broadband subscriptions, and mobile cellular subscriptions. These indicators are crucial for measuring a country's level of digital infrastructure, access to information, and participation in the global economy. Improvements in these areas could boost Senegal's competitiveness, innovation potential, and connectivity with the rest of the world.

Energy Consumption

Senegal's renewable energy consumption stands at 38.64% of total final energy consumption, which is 6.46% higher than the global average of 32.18%. The country ranks 66 out of 191 countries in this data set.

Senegal's CO2 emissions amount to 10,680.2 kt, significantly below the average of 171,895.94 kt. This places Senegal at a ranking of 98 out of 188 countries for CO2 emissions.

Summary

Senegal exhibits a commendable emphasis on renewable energy consumption, surpassing the global average by 6.46% and ranking 66 out of 191 countries. Additionally, Senegal's relatively low CO2 emissions of 10,680.2 kt, compared to the global average of 171,895.94 kt, position the country at 98 out of 188 nations for CO2 emissions. These statistics underscore Senegal's commitment to sustainable development and environmental conservation, showcasing leadership in renewable energy adoption and environmental stewardship on the global stage.

Government Balance Sheet

Senegal's net acquisition of financial assets is below the average at 1.90% of GDP, ranking 39th out of 87 countries. In terms of the net incurrence of liabilities, Senegal exceeds the average at 8.06% of GDP, ranking 34th out of 92 countries. However, Senegal's reserves and related items show a significant deficit compared to the average, at -499,613,918.13 current US dollars, ranking 129th out of 171 countries.

Summary

Senegal's macroeconomic indicators reveal that the country has a lower net acquisition of financial assets compared to the average, indicating potential limitations in funds for investment and economic growth opportunities. On the other hand, Senegal's higher net incurrence of liabilities suggests an increased reliance on borrowing to finance its activities, which could lead to future debt burdens. Additionally, the significant deficit in reserves and related items highlights a vulnerability to external shocks and may hinder the country's ability to withstand economic crises or unexpected expenses.

Government Revenue

Senegal's revenue, excluding grants (% of GDP), at 20.23%, is below the average of 27.02%. The country is ranked 80 out of 122 countries in this attribute.

Senegal's grants and other revenue (% of revenue) is 17.72%, lower than the average of 23.54%. Senegal ranks 51 out of 108 countries for this statistic.

Senegal's social contributions (% of revenue) at 4.84% are significantly below the average of 22.29%. The country holds the 68th position out of 81 countries in this category.

Senegal's taxes on goods and services (% of revenue) stand at 41.74%, above the average of 31.82%. Senegal is ranked 23 out of 122 countries for this attribute.

Senegal's taxes on international trade (% of revenue) is 10.62%, higher than the average of 6.24%. The country holds the 19th rank out of 101 countries for this statistic.

Senegal's other taxes (% of revenue) is 1.60%, below the average of 2.12%. Senegal is in the 42nd position out of 106 countries in this category.

Senegal's taxes on income, profits, and capital gains (% of revenue) at 23.48% is just below the average of 24.66%. Senegal is ranked 61 out of 119 countries for this attribute.

Summary

Senegal's revenue composition shows a mixed performance compared to global averages, with lower values in social contributions and other taxes, indicating potential challenges in funding social programs and public services. However, the country performs relatively well in taxes on goods and services and international trade, suggesting a robust revenue collection mechanism in these areas. These indicators are crucial as they reflect Senegal's fiscal health, government priorities, and ability to generate revenue to support economic development and public welfare.

Taxes

Senegal's tax revenue accounts for 17.45% of its GDP, slightly higher than the average of 16.72% among 123 countries. This places Senegal at the 54th rank out of the 123 countries.

Senegal's customs and other import duties contribute 13.72% to its tax revenue, significantly higher than the average of 9.01% among 99 countries. This places Senegal at the 21st rank out of the 99 countries.

Senegal's taxes on income, profits, and capital gains represent 30.32% of its total taxes, below the average of 38.40% among 120 countries. This places Senegal at the 86th rank out of the 120 countries.

Senegal's weighted mean tariff rate on all products is 9.07%, higher than the average of 5.21% among 153 countries. This places Senegal at the 33rd rank out of the 153 countries.

Summary

Senegal's tax revenue as a percentage of its GDP, customs and import duties, taxes on income, profits, and capital gains, and weighted mean tariff rate are all key macroeconomic indicators that provide insights into the country's fiscal policies and economic structure. Senegal's performance in these indicators, compared to global averages and rankings, indicate its reliance on customs and import duties for tax revenue, lower share of taxes on income, profits, and capital gains, and higher tariff rates compared to its peers. These findings are important as they highlight Senegal's revenue sources, tax structure, and trade policy, which can influence its economic development, trade competitiveness, and investment attractiveness.

Government Expenses

Senegal's Expense (% of GDP) is 20.95%, which is below the attribute average of 31.69%. This places Senegal at rank 94 out of 123 countries in the dataset.

The Compensation of employees (% of expense) in Senegal stands at 34.83%, exceeding the attribute average of 24.70%. Senegal holds the 26th position out of 123 countries.

In terms of Goods and services expense (% of expense), Senegal's value is 20.87%, above the average of 14.77%. Senegal ranks 25th out of 122 countries in this aspect.

Senegal's Interest payments (% of expense) account for 9.99% of its expenses, surpassing the average of 6.85%. Senegal's rank is 28th out of 121 countries.

Regarding Other expense (% of expense), Senegal's value is 7.85%, slightly below the average of 8.29%. Senegal holds the 48th position out of 120 countries.

Senegal's Subsidies and other transfers (% of expense) are at 26.45%, lower than the average of 43.29%. This places Senegal at rank 95 out of 121 countries in the dataset.

Summary

Senegal's macroeconomic analysis reveals that the country tends to spend a lower percentage of its GDP compared to the average, with a particular focus on compensating employees and goods/services expenses. Senegal's prioritization of employee compensation and investment in goods and services may indicate a commitment to human capital development and infrastructure improvement. However, the country's below-average spending on subsidies and other transfers may suggest a need to reassess social welfare programs and financial assistance strategies to support vulnerable populations and stimulate economic growth.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	10/166
Fuel imports (% of merchandise imports)	7/152

Ranks in Bottom Decile For:

Attribute	Rank/Total
Machinery and transport equipment (% of value added in manufacturing)	91/93
Textiles and clothing (% of value added in manufacturing)	87/93
High-technology exports (% of manufactured exports)	136/150
Manufactures imports (% of merchandise imports)	145/152
Travel services (% of service imports, BoP)	160/169
Travel services (% of commercial service imports)	159/169