Senegal - Economist Intelligence Unit - The Economist
DOMESTIC POLITICS: The government, which is dominated by the Parti democratique senegalais (PDS), enjoys a large parliamentary majority, as the opposition boycotted the legislative election in 2007. It will therefore be able to pursue its legislative agenda, which includes a donor-supported economic reform programme and large infrastructure projects, without encountering parliamentary opposition. The president, Abdoulaye Wade, has avoided normalising relations with the opposition since its boycott of the 2007 legislative poll. The ruling party reciprocally boycotted national consultations organised by the opposition, known as assises nationales, which concluded in January 2009, but it will come under increasing pressure from the country's development partners to normalise relations with the opposition to reduce the potential for social unrest.
Country Forecast Overview (3 Year)
| Key Indicators |
2008 |
2009 |
2010 |
| Real GDP Growth (%) |
2.00 |
.90 |
.10 |
| Consumer Price Inflation (av;%) |
5.76 |
2.00 |
3.10 |
| Budget Balance (% of GDP) |
-5.50 |
-6.30 |
-5.40 |
| Current-Account Balance (% of GDP) |
-9.80 |
-7.40 |
-7.60 |
| Exchange Rate US$:Euro (av) |
447.81 |
494.13 |
473.62 |
| Exchange Rate US$:Euro(year-end) |
471.88 |
482.30 |
468.50 |
Senegal GDP PPP & GDP Growth Rates
2004 - 2008
| Year |
GDP in Billions of USD PPP |
% GDP Growth |
| 2004 |
15.94 |
3.46 |
| 2005 |
17.27 |
2.43 |
| 2006 |
18.18 |
-0.60 |
| 2007 |
19.51 |
1.80 |
| 2008 |
20.88 |
2.00 |
Source: EIU Country Data
Senegal: risk assessment
| Risk |
June 2009 |
| Sovereign risk |
B |
| Currency risk |
B |
| Banking sector risk |
B |
| Political risk |
BB |
| Economic structure risk |
BB |
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