Senegal
Republic of Senegal
French
Currency XOF
OHADA civil law
ECOWAS • UEMOA • AfCFTA
West African coastal hub anchored by Dakar port and airport platforms, with strengths in services, fisheries, phosphates, cement, and energy projects. Reforms focus on trade facilitation, digitised tax and customs, and private investment through the one stop system while new oil and gas production is being phased in.
Overview
Growth is driven by services, construction, agro value chains, and investment in hydrocarbons and power. Dakar is a logistics and aviation platform for the region. Investor touchpoints include APIX for facilitation, RCCM for registration, DGID for taxes, and Customs for trade processes.
Snapshot
Population
~18.5 M 2025
World Bank and UN series
GDP current USD
$31 to $33 B 2024
World Bank WDI
GDP per Capita
$1,600 to $1,800 2024
World Bank WDI
Inflation y over y
low single digits 2025
UEMOA stats
Policy Rate
around 3.5% BCEAO
BCEAO releases
Internet Use
~46% recent
World Bank ITU series
Electrification
~70%+ recent
World Bank access
Market Note
BRVM regional exchange
Exchange
Focus Sectors
Oil and Gas development
Phosphates and Fertilizers
Agro processing and Groundnuts
Fisheries and Seafood
Construction and Cement
Logistics and Ports
Digital services and Fintech
Tourism and MICE
Renewables and Power
Trade
Top Export Partners recent
- Maliregional
- Switzerlandgold
- Indiagold and fish
- Chinagoods trade
- Spainseafood
WITS and UN Comtrade
Top Export Goods
Gold
Phosphoric acid and phosphates
Cement and clinker
Fish and crustaceans
Refined petroleum re-exports
OEC and WITS profiles
Top Import Partners recent
- Chinalargest
- Francemajor
- Indiasignificant
- Spainnotable
- Turkeynotable
WITS partner shares
Top Import Goods
- Refined petroleumenergy
- Rice and wheatfood
- Machinery and electricalscapex
- Vehicles and partsautos
- Pharmaceuticalshealth
OEC composition
Finance and Capital Markets
Currency and Policy
- CurrencyWest African CFA franc XOF
- Policy ratearound 3.5 percent
- Monetary unionUEMOA - policy by BCEAO
BCEAO and UEMOA
Markets
- ExchangeBRVM regional market
- ListingsGovernment bonds and selected equities
- Capital flowAccess via authorised banks
BRVM
Regulations and Taxes
Start a Business
- Name search and statutes - RCCM OHADA via court registry
- Company registration - APIX one stop
- Tax registration and e filing - DGID
- Social security - IPRES and CSS
- Sector licence as needed - relevant ministry
- Customs and trade single window - Customs
APIX and DGID and Customs
Key Taxes
- Corporate income tax30%
- VAT standard18%
- WHT dividends10% base
- WHT interest16% base
- WHT royalties20% base
PwC WWTS Senegal
Talent
Median Age
~19 yrs
UN demographic series
Adult Literacy
low 50s percent
World Bank and UNESCO
Tertiary Enrolment
teens share gross
World Bank UIS
Languages
French official, widely spoken Wolof plus national languages
Gov sources
Policy
- AfCFTARatified - rules and schedules phased
- EnergyOil and gas projects coming on stream with power system upgrades
- DigitalTax and customs platforms expanding for compliance and trade
Gov and IFIs
Risks
- Commodity and food pricesPressure on import bill and inflation
- Project executionTiming for energy and infrastructure delivery
- Logistics costsPort and corridor congestion at peaks
Macro and sector notes
Resources
APIX Invest Senegal
DGID taxes
Customs Senegal
BCEAO
ANSD statistics
BRVM exchange
WITS trade snapshot
OEC country profile
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Data notes
Replace any ranges with the latest World Bank WDI, BCEAO, UEMOA, ANSD, WITS, and OEC values when you timestamp the page. The layout, classes, and icons match the Angola template so styling remains consistent.