Transcript Senegal Economy

Senegal Economy
Thomas Cook
General Facts
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Capital: Dakar
Currency: West African CFA franc
President: Macky Sall
Language: French
Government: Semi-presidential system,
Republic
• Population: 12,767,556 (2011)
History
• Gained independence August 20th , 1960
after 300 years of French rule
• The first President was President
Senghor
• They adopted a new
Constitution in March
1963 and revised it in
1991
Government
• Has had one of Africa’s most stable
governments since their independence
• Has kept close economic, political, and
cultural ties to France
• One threat of instability occurred when
former President Wade attempted to run
for a third term
Religious
• Senegal is known as the black country
because it is over 90% Islamic.
• It has been said that Senegal has played
an important role in communicating
between the Islamic people and the rest of
Africa
Video
• http://www.youtube.com/watch?v=gMJOU
LPUuHo
• This video was released before the 2012
elections which relieved President Wade
from power and President Sall took over
Economics
• GDP: $25.47 Billion
• With an average income of $1,040 per
person per year
• Inflation rate: 5.4%
• Unemployment is at 48%
Economics
• Labor force: 4.8 million people
• Population below poverty line: 43%
• The average wage per day of the working
person is $4-$5 which is really
unbelievable
Economics
• Agriculture is roughly 25% of the Economy
this consists of :
peanuts,
millet,
corn,
rice,
cotton,
tomatoes,
green vegetables;
cattle,
poultry,
pigs;
fish
Imports and Exports
• Major trading partners are China, India,
Mali, France, Italy, Netherlands, UK, and
Nigeria
• Imports: $5.319 Billion of foods and
beverages, fuels, and capital goods
• Exports: $2.413 Billion of fish, peanuts,
petroleum products, phosphates, and
cotton
Economics
• Fishing has replaced groundnuts
(peanuts) as the number one export
• Even though Senegal’s economy is ranked
116th in the world they have seen a steady
increase every year to a more suitable
living conditions
Sources
• http://www.factmonster.com/ipka/A0107951.html
• http://www.planusa.org/contentmgr/showdetails.php/id/8
8549
• http://www.faculty.fairfield.edu/faculty/hodgson/Courses/s
o191/Projects2010/Jessica_Brooke/Part4.html
• http://www.heritage.org/index/country/senegal
• http://www.nationmaster.com/country/sgsenegal/eco-economy
• http://www.iss.co.za/af/profiles/Senegal/Politics.h
tml