What is the average GDP of Senegal?
Senegal’s GDP stood at $24.9 billion in 2020 in current terms. Its per capita Gross National Income (GNI) was $1,430 in 2020, which makes it a lower-middle-income country (LMIC). The economy grew by more than 6% per year between 2014 and 2018.
What is the GDP of Senegal 2022?
around 26.70 USD Billion
In the long-term, the Senegal GDP is projected to trend around 26.70 USD Billion in 2022 and 28.00 USD Billion in 2023, according to our econometric models.
Why is Senegal so rich?
The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment in rural areas, despite abundant natural resources in iron, zircon, gas, gold, phosphates, and numerous oil discoveries recently.
Why is Senegal growing so fast?
Exports remained the main driver of growth from the demand side, as it continued its rapid expansion due to recent reforms and a robust external demand.
Does Senegal have a strong economy?
Senegal’s economic freedom score is 60.0, making its economy the 88th freest in the 2022 Index. Senegal is ranked 8th among 47 countries in the Sub-Saharan Africa region, and its overall score is above the regional and world averages. The Senegalese economy has experienced solid growth over the past five years.
Is Senegal Third World?
Originally coined by French historian Alfred Sauvy in 1952, “Third World” was part of the “three worlds” label system used to describe a country’s political alliances….Third World Countries 2022.
| Country | Human Development Index | 2022 Population |
|---|---|---|
| Togo | 0.503 | 8,680,837 |
| Senegal | 0.505 | 17,653,671 |
| Benin | 0.515 | 12,784,726 |
| Uganda | 0.516 | 48,432,863 |
How developed is Senegal?
The United Nations Human Development Index ( HDI ) currently ranks the Republic of Senegal 168th out of 189 countries. Power shortages, food crises, strong population growth and high unemployment are constraining the country’s development.
What is the GDP per capita of Senegal?
The Gross Domestic Product per capita in Senegal was last recorded at 1500.24 US dollars in 2020. The GDP per Capita in Senegal is equivalent to 12 percent of the world’s average. GDP per capita in Senegal averaged 1222.17 USD from 1960 until 2020, reaching an all time high of 1528.14 USD in 2019 and a record low of 1053.75 USD in 1994. This page provides the latest reported value for
What is the unemployment rate in Senegal?
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Senegal unemployment rate for 2020 was 7.10%, a 0.63% increase from 2019. Senegal unemployment rate for 2019 was 6.47%, a 0.06% decline from 2018. Senegal unemployment rate for 2018 was 6.53%, a 0.08% decline from 2017.
What is the difference between GDP and the real GDP?
Nominal GDP takes inflation into account,and real GDP doesn’t.
What is the current US real GDP?
United States GDP: 19,847 trillion International Dollars (2020) Gross Domestic Product (PPP in 2017 prices)