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Senegal

Senegal has enjoyed one of the most stable macroeconomic environments among Sub-Saharan African countries in the past decade. This stability coupled with its relatively low productivity-adjusted wage has been instrumental in attracting FDI, positioning the country as the second most preferred destination for FDI in Sub-Sahara Africa with more than US 2.5 billion inflow in 2022. There is a growing manufacturing sector, with a significant upgrading from low- to high-tech manufacturing value added, which led to the country being ranked second among African countries and first in the ECOWAS region in the most recent UNIDO’s industrialization intensity index. With a population of 17.8 million in 2023 its base market extends to other ECOWAS countries.

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Senegal

Senegal: The textile products market for Senegal is set hit 500+ Billions by 2030

From thread spinning to textile-based apparels manufacturing, the industry is projected based on current consumption trends and future income paths, to hit a total gross value added of 532 illions by 2035.

This huge growth in output is expected to generate 3 millions employment and boost fiscal revenue and could become a leading exporting sector for the Gabonese economy.

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Recents focus on

Which African countries made the highest leap in GDP per capita in the last decade?

Only 3 African countries were capable of doubling their GDP per capita between 2013 and 2023. The performance is relatively poor compared to their South Asian counterparts.

Our offer for Senegal

Economic advisory, data and market studies

Socio-economic and financial data

Trends & Poor maintains an unrivalled database for Senegal economy , covering a wide range of topics, from immigration to market data like prices, consumers preferences, major players, ... Our Data capabilities in Senegal go beyond readily available data to designing and implementing bespoke data needs, whether for scientific research or market intelligence.

Macro-modelling and forecasting

Our team of economic modellers have built outstanding capabilities in macroeconomic policy and options simulations for Senegal. We maintain forecasting models based on the state-of-the-art evidence from academic research, which are constantly updated and with appreciable accuracy. Our forecastings for Senegal cover the macroeconomy and a wide range of industries.

Market studies

Trends & Poor provides in a regular basis, reports for important markets and industries in Senegal. These reports provide major trends analysis, investment opportunities and risk profile. Supplementary studies are released on major companies per sector, and/or covering specific topics of economic significance.

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