Senegal - Economy

Изображение-2: 

GDP per capita – 1526 US dollars (2018, at current prices, UNCTAD).
GDP – 24,2 bln US dollars (2018, at current prices, UNCTAD).
GDP - gross domestic product

Exports (marchandise) – 3,6 bln US Dollars (2018, at current prices, UNCTAD).
Imports (marchandise) – 8,1 bln US Dollars (2018, at current prices, UNCTAD).

Exports (services) – 1,4 bln US Dollars (2018, at current prices, UNCTAD).
Imports (services) – 1,7 bln US Dollars (2018, at current prices, UNCTAD).

Main export commodities - fish, groundnuts (peanuts), petroleum products, phosphates, cotton
Main import commodities - food and beverages, capital goods, fuels
https://www.cia.gov/library/publications/the-world-factbook/geos/sg.html

Economy overview
Predominantly rural and with limited natural resources, the Economy of Senegal gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services.
Its agricultural sector is highly vulnerable to variations in rainfall and changes in world commodity prices. Dakar, as the former capital of French West Africa, is also home to banks and other institutions which serve all of Francophone West Africa, and is a hub for shipping and transport in the region. It also boasts one of the best developed tourist industries in Africa.
Senegal still depends heavily on foreign assistance, which in 2000 represented about 32% of overall government spending—including both current expenditures and capital investments—or CFA 270.8 billion (U.S.$ 361.0 million). Senegal is a member of the World Trade Organization.
http://en.wikipedia.org/wiki/Economy_of_Senegal
Senegal is also working on iron ore and oil exploration projects. After seeing its economy contract by 2.1% in 1993, Senegal made an important turnaround, thanks to an economic reform program backed by the donor community, which led to real growth in GDP averaging over 5% annually during 1995-2007. Annual inflation was pushed down to the single digits. The global economic downturn reduced growth to 2.2% in 2009. The IMF completed a non-dispursing, Policy Support Initiative program in 2010 and approved a new three-year policy support instrument in December 2010 to assist with economic reforms. Senegal also receives disbursements from a $540 million Millennium Challenge Account for infrastructure and agriculture development. In 2012, the economy began to rebound after a weak 2011. The economy continues to suffer from unreliable power supply, which has led to public protests and high unemployment and has prompted migrants to flee Senegal in search of better job opportunities in Europe.
https://www.cia.gov/library/publications/the-world-factbook/geos/sg.html

The fishing sector has replaced the groundnut sector as Senegal's export leader. Its export earnings reached U.S.$239 million in 2000. The industrial fishing operations struggle with high costs, and Senegalese tuna is rapidly losing the French market to more efficient Asian competitors.
Phosphate production, the second major foreign exchange earner, has been steady at about U.S.$95 million. Exports of peanut products reached U.S.$79 million in 2000 and represented 11% of total export earnings. Receipts from tourism, the fourth major foreign exchange earner, have picked up since the January 1994 devaluation. In 2000, some 500,000 tourists visited Senegal, earning the country $120 million.

Senegal’s new Agency for the Promotion of Investment (APIX) plays a pivotal role in the government’s foreign investment program. Its objective is to increase the investment rate from its current level of 20.6% to 30%.

Currently, there are no restrictions on the transfer or repatriation of capital and income earned, or investment financed with convertible foreign exchange. Direct U.S. investment in Senegal remains mainly in petroleum marketing, pharmaceuticals manufacturing, chemicals, and banking. Economic assistance, about U.S.$350 million a year, comes largely from France, the IMF, the World Bank, and the United States. Canada, Italy, Japan, and Germany also provide assistance.
Senegal has well-developed though costly port facilities, a major international airport serving 23 international airlines, and direct and expanding telecommunications links with major world centers.
http://en.wikipedia.org/wiki/Economy_of_Senegal

Main sectors of economy
The main industries include food processing, mining, cement, artificial fertilizer, chemicals, textiles, refining imported petroleum, and tourism. Exports include fish, chemicals, cotton, fabrics, groundnuts, and calcium phosphate.
http://en.wikipedia.org/wiki/Senegal#Economy

The currency is CFA franc.
CFA - "Communaute Financiere Africaine" (African financial community). Frank CFA has been used since 1945.
Frank CFA (currency code XOF) is the single currency of the regional integration association – the West African Economic and Monetary Union (WAEMU, fr. – L’Union économique et monétaire ouest-africaine UEMOA).
WAEMU members - 8 countries, 7 French-speaking: Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal, Togo, 1 Portuguese-speaking: Guinea-Bissau.
The monetary policy of WAEMU is controlled by a regional bank – the Central Bank of the West African States (fr. Banque Centrale des États de l'Afrique de l'Ouest – BCEAO), headquartered in Dakar (Senegal); the franc CFA guarantor is the French treasury.
Frank CFA has a fixed exchange rate to the euro:
1 euro = 655,957 CFA francs.
Frank CFA exists in two variants, each with the same parity to the euro: the CFA franc for the countries of the West African Economic and Monetary Union (currency code XOF) and the CFA franc (currency code XAF) for the countries of the Central African Economic and Monetary Community (CEMAC), which consists of 6 members: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, Gabon.
Although Central African CFA francs and West African CFA francs have the same monetary value against euro, West African CFA coins and banknotes are not accepted in countries using Central African CFA francs, and vice versa.