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Analysis by Region - Emerging Markets - Senegal

Publisher Oxford Economics
Published Mar 25, 2025
Length 6 Pages
SKU # OFE19929269

Description

Senegal has been making headlines for all the wrong reasons. A certified report on an audit of the country's fiscal finances in February found that Senegal's fiscal position is much weaker than what official data suggests. This revelation halted IMF payouts under the current arrangement and soured global sentiment towards the West African nation. Even so, the country’s economic potential is promising, especially in the fledgling hydrocarbon sector. We currently project economic growth of 8.8% in 2025 – the same figure expected by the Senegalese government. Our outlook is highly dependent on hydrocarbon output driving strong export growth.

Table of Contents

6 Pages
Senegal: Fiscal predicament worse than initially anticipated
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

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