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10 March, 2021updated 29 Oct 2021 17:48

Investing in Senegal: what you need to know

All of the key data and information needed when considering investing in Senegal.

By Carmen

As of 2021, Senegal has a population of 17.2 million, making it the 69th largest country in the world by this measure. There are 48.8% males and 51.2% females.

There are 4.3 million people employed in Senegal, with an unemployment rate of 6.5% – 298,421 people.

Senegal is the 235th largest economy in the world with a GDP of $28.3bn. Senegal’s GDP has grown by 74% between 2010 and 2021 and is expected to grow by 38% by 2025.

As of 2018 there were 184,879 students in tertiary education in Senegal, with 1.1 million students in secondary and 2.1 million in primary education. Senegal spent 5.1% of its GDP on education in 2019.

Senegal ranked 123rd in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 141st. In the World Economic Forum’s Global Competitiveness Report (2019), Senegal finished 114th, after ranking 114th in 2018.

Public healthcare expenditure totalled $465m and private healthcare expenditure equalled $868m in 2018.

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