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Senegal Economy

Senegal Economy. Thomas Cook. General Facts. Capital: Dakar Currency: West African CFA franc President: Macky Sall Language: French Government: Semi-presidential system, Republic Population: 12,767,556 (2011). History.

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Senegal Economy

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  1. Senegal Economy Thomas Cook

  2. General Facts • Capital: Dakar • Currency: West African CFA franc • President: Macky Sall • Language: French • Government: Semi-presidential system, Republic • Population: 12,767,556 (2011)

  3. History • Gained independence August 20th , 1960 after 300 years of French rule • The first President was President Senghor • They adopted a new Constitution in March 1963 and revised it in 1991

  4. Government • Has had one of Africa’s most stable governments since their independence • Has kept close economic, political, and cultural ties to France • One threat of instability occurred when former President Wade attempted to run for a third term

  5. Religious • Senegal is known as the black country because it is over 90% Islamic. • It has been said that Senegal has played an important role in communicating between the Islamic people and the rest of Africa

  6. Video • http://www.youtube.com/watch?v=gMJOULPUuHo • This video was released before the 2012 elections which relieved President Wade from power and President Sall took over

  7. Economics • GDP: $25.47 Billion • With an average income of $1,040 per person per year • Inflation rate: 5.4% • Unemployment is at 48%

  8. Economics • Labor force: 4.8 million people • Population below poverty line: 43% • The average wage per day of the working person is $4-$5 which is really unbelievable

  9. Economics • Agriculture is roughly 25% of the Economy this consists of : peanuts, millet, corn, rice, cotton, tomatoes, green vegetables; cattle, poultry, pigs; fish

  10. Imports and Exports • Major trading partners are China, India, Mali, France, Italy, Netherlands, UK, and Nigeria • Imports: $5.319 Billion of foods and beverages, fuels, and capital goods • Exports: $2.413 Billion of fish, peanuts, petroleum products, phosphates, and cotton

  11. Economics • Fishing has replaced groundnuts (peanuts) as the number one export • Even though Senegal’s economy is ranked 116th in the world they have seen a steady increase every year to a more suitable living conditions

  12. Sources • http://www.factmonster.com/ipka/A0107951.html • http://www.planusa.org/contentmgr/showdetails.php/id/88549 • http://www.faculty.fairfield.edu/faculty/hodgson/Courses/so191/Projects2010/Jessica_Brooke/Part4.html • http://www.heritage.org/index/country/senegal • http://www.nationmaster.com/country/sg-senegal/eco-economy • http://www.iss.co.za/af/profiles/Senegal/Politics.html

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