Sén é gal’s Economy - PowerPoint PPT Presentation

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  1. Sénégal’s Economy by Grayson Klinger

  2. Overview • Imports: $5.391 billion (2011) • Exports: $2.413 billion (2011) • Main exports: • Phosphate mining • Started in the 40s & 50s • Commercial fishing • Vast unexplored mineral resources • GDP: $27.72 billion, $2,100 per capita (2013)

  3. More Statistics • Composition of GDP (as of 2013): • Agriculture 14.9% • Industry 22.7% • Services 62.4% • Industrial Production growth rate-3% (100th in the world) • Labor force: 6.096 million (67th in the world) • 77.5% agriculture, 22.55 industry &service • Unemployment- 48% (194th in the world) • Population below poverty line- 54% • Budget defecit- (-5.3%)

  4. Currency • West African CFA Franc • 1 Euro= 656 CFA Francs • Euros are generally accepted by hotels • CFA-CommunauteFinanciereAfricaine

  5. Agriculture • 50% of population • 15% of GDP • Highly vulnerable to natural hazards • Commercial fishing • Peanuts, black-eyed peas, cassava, watermelons, millet, rice and corn & Livestock • Peanuts and cotton are the main cash crops

  6. Acacia Senegal (Gum Arabic) • Biggest Markets in Europe, USA, and India • Used in production of cosmetics and preparation of food

  7. Developing Industry • 23% of GDP • Relies on privatization for stability • Receives monetary aid from World Bank & other international agencies • Slowed by faulty power grid

  8. Senegal Airlines • Founded in 2009 • 15 destinations available in Africa

  9. Growing Infrastructure • 62% of GDP • Telecommunications employs less than agriculture, but accounts for a much larger portion of the GDP

  10. Government Intervention

  11. Sources • https://www.cia.gov/library/publications/the-w • http://www.senegalairlines.aero/content/notre-reseauorld-factbook/geos/sg.html • http://www.mediaguinee.net/images/rub17/calb6966b_jpg.jpg • http://www.senegal.co.uk/Docs/Travel-Info/Know-Before-You-Go/Currency.aspx • http://upload.wikimedia.org/wikipedia/commons/3/35/Cfa_map_fr.png • http://www.gouv.sn/Pavillon-National-du-Senegal.html • http://www.reportlinker.com/r0660/Senegal-industry-reports.html • http://www.africanmining.com/country_info.php?id=32 • http://www.travelblog.org/Photos/3700067 • http://www.rnw.nl/africa/article/food-prices-soaring-african-markets • http://www.britannica.com/EBchecked/topic/534445/Senegal/55050/Economy