International organization participation:
ACCT, ACP, AfDB, AU, ECOWAS, FAO, FZ, G-15, G-77, IAEA, IBRD, ICAO,
ICC, ICCt, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Interpol, IOC, IOM, ISO (correspondent), ITU, MIGA, MONUC, NAM, OIC,
ONUB, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIK, UNMIL, UNMOVIC,
UNOCI, UPU, WADB (regional), WAEMU, WCL, WCO, WFTU, WHO, WIPO, WMO,
WToO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Amadou Lamine BA
chancery: 2112 Wyoming Avenue NW, Washington, DC 20008
telephone: [1] (202) 234-0540
FAX: [1] (202) 332-6315
consulate(s) general: New York
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 and a more stable monetary policy. Senegal
still relies heavily upon outside donor assistance, however. Under
the IMF's Highly Indebted Poor Countries debt relief program,
Senegal will benefit from eradication of two-thirds of its
bilateral, multilateral, and private sector debt.
GDP (purchasing power parity):
$18.36 billion (2004 est.)
GDP - real growth rate:
3.2% (2004 est.)
GDP - per capita:
purchasing power parity - $1,700 (2004 est.)
GDP - composition by sector: agriculture: 15.9% industry: 21.4% services: 62.7% (2004 est.)