Diplomatic representation in US: chief of mission: Ambassador Mamadou Mansour SECK chancery: 2112 Wyoming Avenue NW, Washington, DC 20008 telephone: [1] (202) 234-0540, 0541
US diplomatic representation: chief of mission: Ambassador Mark JOHNSON embassy: Avenue Jean XXIII at the corner of Avenue Kleber, Dakar mailing address: B. P. 49, Dakar telephone: [221] 23 42 96, 23 34 24 FAX: [221] 22 29 91
Flag: three equal vertical bands of green (hoist side), yellow, and red with a small green five-pointed star centered in the yellow band; uses the popular pan-African colors of Ethiopia
@Senegal:Economy
Overview: In 1994 Senegal embarked on its most concerted structural adjustment effort yet to exploit the 50% devaluation of the currencies of the 14 Francophone African nations on 12 January. After years of foot-dragging, the government finally passed a liberalized labor code which should significantly help lower the cost of labor and improve the manufacturing sector's competitiveness. Inroads also have been made in closing tax loopholes and eliminating monopoly power in several sectors. At the same time the government is holding the line on current fiscal expenditure under the watchful eyes of international organizations on which it depends for substantial support. A bumper peanut crop - Senegal's main source of foreign exchange - coincided with an improvement of international prices and probably resulted in a doubling of earnings in 1994 over 1993. The country's narrow resource base, environmental degradation, and untamed population growth will continue to hold back growth in living standards over the medium term.
National product: GDP - purchasing power parity - $12.3 billion (1993 est.)
National product real growth rate: -2% (1993 est.)
National product per capita: $1,450 (1993 est.)
Inflation rate (consumer prices): -1.8% (1991 est.)
Unemployment rate: NA%