Names: conventional long form: Republic of Senegal conventional short form: Senegal local long form: Republique du Senegal local short form: Senegal former: Senegambia (along with The Gambia); Mali Federation
Capital City: Dakar
Population: 11,987,121 (July 2006 est.)
GDP Per Capita: $1,800 (2006 est.)
Currency: Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Languages: French (official), Wolof, Pulaar, Jola, Mandinka
Total Area: total: 196,190 sq km land: 192,000 sq km water: 4,190 sq km slightly smaller than South Dakota
Region: Africa
Industries: agricultural and fish processing, phosphate mining, fertilizer production, petroleum refining, construction materials, ship construction and repair
Agriculture: peanuts, millet, corn, sorghum, rice, cotton, tomatoes, green vegetables; cattle, poultry, pigs; fish
Resources: fish, phosphates, iron ore
Labor Force:
4.749 million (2006 est.)
agriculture: 77% industry and services: 23% (1990 est.)
Exports:
$1.478 billion f.o.b. (2006 est.)
fish, groundnuts (peanuts), petroleum products, phosphates, cotton
Imports:
$2.98 billion f.o.b. (2006 est.)
food and beverages, capital goods, fuels
Overview:
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 1995-2006. Annual inflation had been pushed down to the low single digits. As a member of the West African Economic and Monetary Union (WAEMU), Senegal is working toward greater regional integration with a unified external tariff and a more stable monetary policy. High unemployment, however, continues to prompt illegal migrants to flee Senegal in search of better job opportunities in Europe. Senegal was also beset by an energy crisis that caused widespread blackouts in 2006. Senegal still relies heavily upon outside donor assistance. Under the IMF's Highly Indebted Poor Countries (HIPC) debt relief program, Senegal will benefit from eradication of two-thirds of its bilateral, multilateral, and private-sector debt.
In 2007 Missouri exported $755,605 in goods to Senegal. This ranks Senegal 114th among the 223 international buyers of Missouri goods. Missouri exports to Senegal decreased from the previous year by $94,801 a change of -11.15%. State exports to Senegal have increased over the last 5 years by $741,761 a change of 5358.00%. Missouri exports account for .00%. of all 2007 US exports to Senegal.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 13,844 | 284,640 | 395,330 | 526,128 | 850,406 | 755,605 | |
| 000 - Total All Industries US | 74,665,624 | 101,974,763 | 89,247,899 | 157,871,520 | 96,897,798 | 152,902,301 | |