Senegal has displayed great economic vigour since the 1994 devaluation, with annual gdp growth of around 5 per cent a per capita growth of 2. We expect real gdp growth to contract in 2020, owing to the adverse effects of the coronavirus pandemic, rising in 2021 as infrastructural investment and. Africa in the world economy the national, regional and international challenges edited by jan joost teunissen and age akkerman the contributors to this book examine the economic constraints to growth and development faced by subsaharan african countries. Senegal gdp growth rate 20102019 data 20202022 forecast. The purpose of this article is to promote the revival of african econ omic history. It suffers from a low level of economic emphasiz scoping paper on industry in senegal fatou cisse,1 2ji eun choi, and mathilde maurel3 abstract senegal is a. It is time for senegal to start growing at faster ratesthe 7 to 8 percent envisaged in the plan senegal emergent and recorded by the asian tigers and fast growing african economies.
This page provides the latest reported value for senegal gdp. Senegal challenges of diversification and food security yoshiko matsumotoizadifar rice production in the senegal river valley has high development potential and could contribute to domestic food security. He charts the early phase of slow growth, and then the transformation of the economy as a result of the. Senegal serves as a regional gateway and business center. It has an arid climate in the north and a moist, tropical. The national elite that developed, and which has identified with french history and culture, took control of senegal after independence in 1960. This page provides forecast and historical data, charts, statistics, news and updates for senegal unemployment rate. As the capital of french west africa during the colonial period, senegal was france.
Political economy of food price policy in senegal oxford. This book is the first economic history of south africa in over sixty years. Senegal was ruled by the socialist party of senegal, first under president leopold sedar senghor, and then president abdou diouf, for 40 years until abdoulaye wade was elected president in. Jun 23, 2005 this book is the first economic history of south africa in over sixty years. This economic report states that the economy of senegal is based on an agricultural sector with some long term potential for diversification, at present producing primarily for subsistence with one important export crop, groundnuts. A retrospective analysis of the senegalese economy december 1990 pdf version october 2000. Senegal therefore remains at the centre of frances west african empire, until all the separate colonies win their independence in 1960. Updated with annual progress reports, they describe the countries macroeconomic, structural, and social. Senegal is a midsize african country located on the western coast of the continent. It is bordered by the atlantic ocean in the west, by mauritania in the north, by mali in the east, and by guinea and guineabissau in the south. We expect real gdp growth to contract in 2020, owing to the adverse effects of the coronavirus pandemic, rising in 2021 as infrastructural investment and agricultural output rise. On the contrary, since independence from france in 1960, no matter which decade you consider, annual growth rates have been volatile, making a spread of 10 points possible between the maximum and minimum. The comparative division of senegal s growth performance into ten year periods does not single out any period in senegal s economic history.
Despite peace talks, a southern separatist group sporadically has clashed with government forces since 1982. The country has a long history of stable and active. Pdf comparative advantage, economic structure and growth. Changing entrepreneurial dynamics, and socioeconomic restructuring. As of today we have 77,111,369 ebooks for you to download for free. Predominantly rural, and with limited natural resources, the economy of senegal gains most of. His mother was a roman catholic and sent him to a nearby catholic mission and seminary in order to fulfill his. A concise history traces the history of the global economy over the past thousand years. Igol, officially republic of senegal, republic 2015 est. Pestel analysis of senegal political environment affecting senegal these are how and to what degree a government intervenes in the economy.
Driven by progressively resurgent exports, the senegalese economy has been. The government, however, has worked to diversify both cash crops and subsistence agriculture by expanding into commodities such as cotton, garden produce, and sugarcane as well as by promoting nonagricultural sectors. Senegal economy, politics and gdp growth summary the. The gross domestic product gdp in senegal expanded 4 percent in the third quarter of 2019 over the previous quarter. On june 23, 2011, i arrived for a morning of research in senegals national archives, in the coastal african countrys capital of dakar. If thats not enough, click over to our collection of world maps and flags. No claims are made regarding the accuracy of senegal economy 2017 information contained here. The country is the second largest economy in francophone west africa behind cote divoire, with an average growth rate of 5. The political economy of senegal under structural adjustment, 1991 online research library. Senegal officially the republic of senegal is a country in west africa. A virtual guide to senegal, a country on the coast of west africa, bordering the north atlantic ocean in west.
The archives reside in an administrative building in the heart of the government district on avenue du president leopold sedar senghor, across the street from the presidential palace and around the corner from the national assembly. A political economy of health care in senegal brill. Increasing inclusive economic growth in senegal fact. This situation has contributed to deepseated urban problems such as. In the 1980s, boubacar lam discovered senegalese oral history that was initially. The information regarding senegal on this page is republished from the 2017 world fact book of the united states central intelligence agency. These problems have been partly addressed by programs focusing. In the absence of written sources and monumental ruins in this region, the history of the early centuries of the modern era must be based primarily on archaeological excavations, the writing of early geographers and travelers, written in arabic and data derived from oral tradition. Some of the history of these countries, however, is naturally mentioned in this history of the rest of africa but is kept to the minimum needed to make the rest comprehensible. On the contrary, since independence from france in 1960, no matter which decade you consider, annual growth. Questia read the fulltext online edition of the political economy of senegal under structural adjustment 1991. It is bordered by mauritania to the north, mali to the east, guinea to the southeast, and guineabissau to the south. In each issue of origins, an academic expert will analyze a particular current issue political, cultural, or social in a larger, deeper context. Gdp falls every time that the drop of activity level in agriculture.
This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It is time to end the chronic underperformance of the senegalese economy over the last thirty yearswhen average growth hovered around 3. Senegal s economy is driven by mining, construction, tourism, fisheries and agriculture, which are the primary sources of employment in rural areas. Emerging senegal plan pse is beginning to rise from its historical average of 33. This work is a political economic history that analyzes approximately 350 years of rivalry between traditional, islamic, and european systems of health in the. Senegal, south africa and uganda, with the aim of providing a better understanding. Predominantly rural, and with limited natural resources, the economy of senegal gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services. Leopold senghor, poet, teacher, and statesman, first president of senegal, and a major proponent of the concept of negritude. The first president of independent senegal, after the dissolution of french west africa, is an experienced and. In doing so, it explores all the main waves of globalization, from the trade revolution of the middle ages, to the great and little divergence between the west and the east, as well as the north and the south of the world. These constraints include the underdevelopment of domestic capital markets, the lack of. The senegalese economy has traditionally revolved around a single cash crop, the peanut. Senegal has a long history of participating in international peacekeeping. List of books and articles about senegal history online.
The president, macky sall, secured another term in the 2019 election after winning a parliamentary majority in mid2017. The gross domestic product gdp in senegal was worth 23. Senegal has experienced a pattern of economic transformation quite typical in. No claims are made regarding the accuracy of senegal economy 2020 information contained here. Senegal remains one of the most stable democracies in africa and has a long history of participating in international peacekeeping and regional mediation. This is a short history of africa excluding egypt, ethiopia and dutch and british south africa, which are the subjects of separate histories. Humans have lived in the west africa region from time immemorial and artifacts from cerca 2000 bce have been found. To date, this literature has been motivated by explaining a divergence of income and.
Senegal challenges of diversification and food security. However, it registered a peak growth of 158% in the 1970s, and still expanded 43% in the turbulent 1980s. Africa senegal the world factbook central intelligence. This economic report states that the economy of senegal is based on an agricultural sector with some long term potential for diversification, at present producing primarily for subsistence with. Government policies and historical, structural, economic and environmental constraints. Introduction new perspectives on islam in senegal springerlink. Poor domestic cereal harvests prior to 2007 exacerbated this importdependence during a time of high global food prices, resulting in the cost of rice skyrocketing. The cia world fact book estimates that about 40 percent of all urban youth are unemployed.
Feinstein offers an authoritative survey of five hundred years of south african economic history from the years preceding european settlements in 1652 through to the postapartheid era. The countrys key export industries include phosphate mining, fertilizer production, agricultural products and commercial fishing and senegal is also working on oil exploration projects. Poverty, the most pressing issue confronting the continent, has. All suggestions for corrections of any errors about senegal economy 2017 should be addressed to the cia. By the french government decree of october 18, 1904, senegal became part of the governmentgeneral of west africa. It is bordered by mauritania along the senegal river in north, by mali in east, by guinea and guineabissau in south, and it encloses the gambia, a narrow nation along both banks of the gambia river. Senegal has the fourth largest economy in the west african subregion after nigeria, ghana and cote divoire. Inclusive growth and economic competitiveness support programme. Archived from the original pdf on 30 september 2015. Since independence, senegal has been highly reliant on international markets to meet its food needs, this tendency has only increased with rapid levels of urbanization in recent decades.
The agricultural sector of senegal is highly vulnerable to variations in rainfall and changes in world commodity prices. Senghor was the son of a prosperous serer planter and trader. Senegal unemployment rate moodys analytics economy. Check out our country profile, full of essential information about senegals geography, history, government, economy, population, culture, religion and languages. Though the dominance of the peanut industry led to a monocultural economy, the administrative apparatus constructed by the french created a demand for a locally educated elite to occupy these positions. Senegals economy is centered mostly on commodities and natural resources. In addition to the analysis provided by each months feature, origins will also include images, maps, graphs and other material to complement the essay. Senegal economic development senegals development program addresses the basic problems encountered by senegals economy. Unemployment rate for senegal from the world bank for the world development indicators wdi release. The book covers physical and political geography, political history, social and political conditions, and economic conditions. Poverty reduction strategy paper poverty reduction strategy papers are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the world bank and the imf. The gambia forms an enclave along the gambia river. Increasing inclusive economic growth in senegal fact sheet. Infoplease has everything you need to know about senegal.
Senegal shares also maritime borders with the island country of cape verde in west. Religious leader historical narrative colonial rule religious movement. Senegal goree, dakar, rufisque, and saint louis were the only place during the african colonial period, where african inhabitants were granted the same right as french. Invest in senegal a competitive investment destination in. Economic development senegal export, product, growth. Horticultural production has been leading senegals efforts to diversify its agricultural export. Enough is known, from history and studies of political systems today, to say some definite things about the specific. It is an open economy with major trade flows with europe and india. However, this proved unsustainable and the economy consequently shrank by 40% in the 1990s. The ethnic groups of senegal are the remnants of the past empires that existed in the region. The political economy of senegal under structural adjustment. Senegal the economy of senegal abstract this economic report states that the economy of senegal is based on an agricultural sector with some long term potential for diversification, at present producing primarily for subsistence with one important export crop, groundnuts. The early societies of that time were economically based upon agriculture but there was a.
He demonstrates that such statistical data can shed light on the analysis of economic phenomena such as growth, market formation and income distribution. Senegal overview of economy, information about overview of. Systematic country diagnostic of senegal world bank documents. Senegal macroeconomic policy budgetary and monetary policy in february 2001, the imf approved the third year of a poverty reduction and growth facility launched in 1998, evidence of the international funding agencies satisfaction with senegals ontarget macroeconomic performances and wellcontrolled budgets since 1995. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Learn more about the senegal economy, including the population of senegal, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic freedom. Check out our country profile, full of essential information about senegal s geography, history, government, economy, population, culture, religion and languages. The region of modern senegal was a part of the larger region called upper guinea by european traders. The government was successful in making fishing, phosphates. Senegal has a large and growing youth population but has not been successful in developing its potential human capital. The views expressed in this book are those of the authors and should.
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