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In January 1994, Senegal undertook a bold and ambitious economic reform program with the support of the international donor community. This reform began with a 50% devaluation of Senegal's currency, the CFA franc, which was linked at a fixed rate to the French franc. Government price controls and subsidies have been steadily dismantled. After seeing its economy contract by 2.1% in 1993, Senegal made an important turnaround, thanks to the reform program, with real growth in GDP averaging over 5% annually during 1995-2008. Annual inflation had been pushed down to the single digits. As a member of the West African E...  More..

Economy of Senegal
SOURCE: CIA - The World Factbook
Currency CFA Franc
Fiscal Year 01 January - 31 December
GDP (PPP) $22.38 billion (2009 est.)
GDP (per capita) $1,600 (2009 est.)
Exports $1.652 billion (2009 est.)
Imports $3.864 billion (2009 est.)
Main Industries Agricultural and Fish Processing, Phosphate Mining, Fertilizer Production, Petroleum Refining; Iron Ore, Zircon, and Gold Mining, Construction Materials, Ship Construction and Repair
Exports - Commodities Fish, Groundnuts (Peanuts), Petroleum Products, Phosphates, Cotton
Imports - Commodities Food and Beverages, Capital Goods, Fuels
Exports Partners Mali 19.2%, India 9.4%, France 5.4%, Gambia, The 5.3%, Italy 4.8% (2008)
Imports Partners France 19.9%, UK 15.3%, China 6.8%, Belgium 4.6%, Thailand 4.5%, Netherlands 4.1% (2008)

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