Diplomatic representation from the US:
chief of mission: Ambassador Richard Alan ROTH
embassy: Avenue Jean XXIII at the corner of Rue Kleber, Dakar
mailing address: B. P. 49, Dakar
telephone: [221] 823-4296
FAX: [221] 822-2991
Flag description:
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
Economy Senegal
Economy - 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 5% annually during
1995-2003. 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. Senegal also realized full Internet
connectivity in 1996, creating a miniboom in information
technology-based services. Private activity now accounts for 82% of
GDP. On the negative side, Senegal faces deep-seated urban problems
of chronic unemployment, trade union militancy, juvenile
delinquency, and drug addiction.
GDP:
purchasing power parity - $17.09 billion (2003 est.)
GDP - real growth rate:
5.5% (2003 est.)
GDP - per capita:
purchasing power parity - $1,600 (2003 est.)
GDP - composition by sector: agriculture: 16.8% industry: 27.2% services: 56% (2003 est.)
Investment (gross fixed):
21.3% of GDP (2003)
Population below poverty line:
54% (2001 est.)