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    Senegal Econom�a 2000

      Econom�a - descripci�n: In January 1994, Senegal undertook a bold and ambitious economic reform program with the support of the international donor community. This reform began with a 50% devaluation of Senegal's currency, the CFA franc, which is linked at a fixed rate to the French franc. Government price controls and subsidies have been steadily dismantled. After seeing its economy contract by 2.1% in 1993, Senegal made an important turnaround, thanks to the reform program, with real growth in GDP averaging 5% annually in 1995-99. Annual inflation has been pushed down to 2%, and the fiscal deficit has been cut to less than 1.5% of GDP. Investment rose steadily from 13.8% of GDP in 1993 to 16.5% in 1997. As a member of the West African Economic and Monetary Union (UEMOA), Senegal is working toward greater regional integration with a unified external tariff. Senegal also realized full Internet connectivity in 1996, creating a miniboom in information technology-based services. Private activity now accounts for 82% of GDP. On the negative side, Senegal faces deep-seated urban problems of chronic unemployment, juvenile delinquency, and drug addiction. Real GDP growth is expected to rise above 6%, while inflation is likely to hold at 2% in 2000-2001.

      Producto Bruto Interno (PBI): purchasing power parity - $16.6 billion (1999 est.)

      PBI - Indice de Incremento real: 5% (1999 est.)

      PBI - por capital: purchasing power parity - $1,650 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 19%
      industry: 20%
      services: 61% (1997 est.)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 1.4%
      highest 10%: 42.8% (1991)

      Indice de Inflaci�n (precios del consumidor): 2% (1999 est.)

      Fuerza Laboral: NA

      Fuerza Laboral - por ocupaci�n: agriculture 60%

      Indice de desempleo: NA%; urban youth 40%

      revenues: $885 million
      expenditures: $885 million, including capital expenditures of $125 million (1996 est.)

      Industrias: agricultural and fish processing, phosphate mining, fertilizer production, petroleum refining, construction materials

      Industrial production growth rate: 7% (1998 est.)

      Electricidad - Producci�n: 1.2 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 1.116 billion kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 0 kWh (1998)

      Agricultura - productos: peanuts, millet, corn, sorghum, rice, cotton, tomatoes, green vegetables; cattle, poultry, pigs; fish

      Exportaciones: $925 million (f.o.b., 1998)

      Exporationes - comodidades: fish, ground nuts (peanuts), petroleum products, phosphates, cotton

      Exportaciones - socios: France 22%, Italy, India, Cote d'Ivoire, Mali (1998)

      Importaciones: $1.2 billion (f.o.b., 1998)

      Importaciones - comodidades: foods and beverages, consumer goods, capital goods, petroleum products

      Importaciones - socios: France 36%, other EU countries, Nigeria, Cameroon, Cote d'Ivoire, Algeria, US, China, Japan (1998)

      Deuda - externa: $3.4 billion (1998 est.)

      Ayuda economica - recipiente: $647.5 million (1995)

      Moneda: 1 Communaute Financiere Africaine franc (CFAF) = 100 centimes

      Indice de intercambio: Communaute Financiere Africaine francs (CFAF) per US$1 - 647.25 (January 2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1966), 499.15 (1995)
      note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)