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Senegal

Republic of Senegal

French West African CFA (XOF) French civil law
AU, ECOWAS, WAEMU, AfCFTA, WTO, OIC

Senegal is one of West Africa's most stable democracies and fastest-growing economies. The country is on the verge of a major economic transformation with the imminent start of oil and gas production from the Sangomar field (operated by Woodside Energy) and the Greater Tortue Ahmeyim (GTA) LNG project (shared with Mauritania).

Dakar is a major business hub for francophone West Africa, hosting the regional offices of many international organizations and multinationals. The Diamniadio new city project, the Blaise Diagne International Airport, and the TER commuter rail represent significant infrastructure investments.

President Bassirou Diomaye Faye (elected March 2024) has signaled a focus on economic sovereignty, renegotiation of natural resource contracts, and youth employment. Senegal benefits from CFA franc zone currency stability and a well-educated workforce.

Snapshot

Population~18.9 MWorld Bank, 2025
GDP (current USD)$37.0 BWorld Bank, 2025
GDP per Capita$1,955World Bank, 2025
GDP Growth6.68%World Bank, 2025
Inflation (y/y)~1.46%World Bank, 2025
BCEAO policy rate3.50%Central Bank
Unemployment2.74%World Bank, ILO modelled estimate, 2025
Internet Use~60.12%World Bank, 2024
Electrification~70.00%World Bank WDI
CPI Score (Rank)43.0/100 (#73)Transparency Intl
HDI (Rank)0.511 (#170)UNDP HDR
Credit RatingB+ (S&P) / Ba3 (Moody's) / B+ (Fitch)S&P / Moody's / Fitch
MarketBRVM (Bourse Regionale, Abidjan-based)

World Bank Indicators Compare with another country

GDP (current USD)$37.0 BWorld Bank, 2025
GDP growth (annual)6.68%World Bank, 2025
GDP per capita (USD)$1,955World Bank, 2025
Population, total18.9 MWorld Bank, 2025
FDI net inflows (USD)$2.0 BWorld Bank, 2024
Inflation (consumer prices)1.46%World Bank, 2025
Unemployment (% labour force)2.74%World Bank, 2025
Internet use (% of people)60.12%World Bank, 2024
Trade (% of GDP)71.07%World Bank, 2025

Climate Readiness Full ranking

56out of 100
Established
Climate adaptation readiness for Senegal, from 5 of 5 measured indicators.
Energy access7070.0% · 30% weight
Governance readiness4343 / 100 CPI · 20% weight
Human readiness510.511 HDI · 20% weight
Economic readiness48$1,955, 2025 · 15% weight
Digital readiness5858.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework. It is built only from measured values already held on this profile and normalised 0-100. It does not measure emissions or physical climate vulnerability: the platform does not yet hold emissions, hazard-exposure or natural-capital series. Energy access is the single most climate-specific indicator held; the other four are governance, economic, human-development and digital readiness proxies. The economic sub-score is relative to the African countries the platform covers.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework. Built only from measured values already held on each country profile. It is not a measure of emissions or physical climate vulnerability, which the platform does not yet hold.

  • Energy access (30%) World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
  • Governance readiness (20%) Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
  • Human readiness (20%) UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
  • Economic readiness (15%) World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
  • Digital readiness (15%) World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.

A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.

Country Facts

CapitalDakar
RegionWest Africa
CurrencyWest African CFA (XOF)
FX RegimeFixed peg to EUR via CFA franc
Stock ExchangeBRVM (Bourse Regionale, Abidjan-based)
Investment Promotion AgencyAgency for the Promotion of Investments and Major Works (APIX)
Legal SystemFrench civil law
Time ZoneAfrica/Dakar

Focus Sectors

Oil & Gas (emerging
Sangomar field)
Fishing
Agriculture (peanuts
rice)
Mining (phosphates
gold
zircon)
Tourism
Telecoms
Construction
Cement
Financial Services
Digital Economy

Regulations & Taxes

Corporate Income Tax30% standard
VAT / Sales Tax18% standard