1 / 11

Sén é gal’s Economy

Sén é gal’s Economy. by Grayson Klinger. Overview. Imports: $5.391 billion (2011) Exports: $2.413 billion (2011) Main exports: Phosphate mining Started in the 40s & 50s Commercial fishing Vast unexplored mineral resources GDP: $27.72 billion, $2,100 per capita (2013). More Statistics.

pilar
Download Presentation

Sén é gal’s Economy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sénégal’s Economy by Grayson Klinger

  2. Overview • Imports: $5.391 billion (2011) • Exports: $2.413 billion (2011) • Main exports: • Phosphate mining • Started in the 40s & 50s • Commercial fishing • Vast unexplored mineral resources • GDP: $27.72 billion, $2,100 per capita (2013)

  3. More Statistics • Composition of GDP (as of 2013): • Agriculture 14.9% • Industry 22.7% • Services 62.4% • Industrial Production growth rate-3% (100th in the world) • Labor force: 6.096 million (67th in the world) • 77.5% agriculture, 22.55 industry &service • Unemployment- 48% (194th in the world) • Population below poverty line- 54% • Budget defecit- (-5.3%)

  4. Currency • West African CFA Franc • 1 Euro= 656 CFA Francs • Euros are generally accepted by hotels • CFA-CommunauteFinanciereAfricaine

  5. Agriculture • 50% of population • 15% of GDP • Highly vulnerable to natural hazards • Commercial fishing • Peanuts, black-eyed peas, cassava, watermelons, millet, rice and corn & Livestock • Peanuts and cotton are the main cash crops

  6. Acacia Senegal (Gum Arabic) • Biggest Markets in Europe, USA, and India • Used in production of cosmetics and preparation of food

  7. Developing Industry • 23% of GDP • Relies on privatization for stability • Receives monetary aid from World Bank & other international agencies • Slowed by faulty power grid

  8. Senegal Airlines • Founded in 2009 • 15 destinations available in Africa

  9. Growing Infrastructure • 62% of GDP • Telecommunications employs less than agriculture, but accounts for a much larger portion of the GDP

  10. Government Intervention

  11. Sources • https://www.cia.gov/library/publications/the-w • http://www.senegalairlines.aero/content/notre-reseauorld-factbook/geos/sg.html • http://www.mediaguinee.net/images/rub17/calb6966b_jpg.jpg • http://www.senegal.co.uk/Docs/Travel-Info/Know-Before-You-Go/Currency.aspx • http://upload.wikimedia.org/wikipedia/commons/3/35/Cfa_map_fr.png • http://www.gouv.sn/Pavillon-National-du-Senegal.html • http://www.reportlinker.com/r0660/Senegal-industry-reports.html • http://www.africanmining.com/country_info.php?id=32 • http://www.travelblog.org/Photos/3700067 • http://www.rnw.nl/africa/article/food-prices-soaring-african-markets • http://www.britannica.com/EBchecked/topic/534445/Senegal/55050/Economy

More Related