Economy
Nominal GDP
USD 33.3 billion
GDP per capita
USD 1,713
2021–2025 average
Currency
- Name
- West African CFA franc
Франк КФА BCEAO - ISO code
- XOF
- Rate against the US dollar
- USD 1 = 579.64 XOF
- Rate against the rouble
- 10 XOF = 1.4416 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- West African CFA franc (XOF)
- Note
- fixed peg to the euro: 1 EUR = 655.957 CFA francs
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS); World Bank, WDI: NV.AGR/NV.IND/NV.SRV.TOTL.ZS, calculation of averages for 2021–2025 (https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS). Period: 2021–2025 average
- Agriculture 16.4%
- Industry 24.6%
- Services 49.1%
Industries and programmes
- Key industries
- Oil and gas (since 2024), phosphates and fertilizers, gold, fishing, groundnuts, and services.Source: AfDB, Senegal Economic Outlook (AEO 2026 (https://www.afdb.org/en/countries/west-africa/senegal/senegal-economic-outlook)
- Government programmes
- “Senegal 2050” National Transformation AgendaSource: Gouvernement du Sénégal — “Sénégal 2050: Agenda national de transformation” and SND 2025–2029
- National Development Strategy 2025–2029Source: Gouvernement du Sénégal — “Sénégal 2050: Agenda national de transformation” and SND 2025–2029
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 5.20 | 100.0 |
| 2022 | 5.71 | 109.8 |
| 2023 | 5.32 | 102.3 |
| 2024 | 6.31 | 121.3 |
| 2025 | 10.2 | 196.2 |
- Imports of goods
- USD 11.1 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 12.0 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +96.2%
- Average annual rate of change in exports of goods, 2021–2025
- +18.3%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
Source: AfDB, Senegal Economic Outlook (AEO 2026 (https://www.afdb.org/en/countries/west-africa/senegal/senegal-economic-outlook)- Oil and gas
- Gas-based chemical production
- Fertilizers
- Fish processing
- Agribusiness
- Logistics and ports
Agreements with Russia
Investment protection
There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.
Source: UNCTAD Investment Policy Hub (https://investmentpolicy.unctad.org/international-investment-agreements)Absent
Double taxation
There is no double taxation agreement with Russia.
Source: Russian Ministry of Finance, list of double taxation agreements in force — (the country is not listed (https://minfin.gov.ru/ru/perfomance/tax_relations/international/international_dtt)Absent
Visa requirements
Russian citizens holding ordinary passports require a visa.
Source: travelto.ru (https://travelto.ru/blog/nuzhna-li-viza-v-senegal-rossiyanam/)Visa required
Peaceful nuclear energy
No information
Other agreements
Source: http://government.ru/docs/all/150393/; https://mid.ru/ru/foreign_policy/international_contracts/international_contracts/2_contract/44928/- Agreement on Military Cooperation (conclusion of the agreement authorized on 3 November 2023).
- Agreement on Cooperation in Fisheries (8 February 2011).
Incentives
- Main regimes and incentives
- Source: Ecofin Agency (https://www.ecofinagency.com/news-finances/2209-48884-senegal-adopts-new-investment-code-to-boost-economic-attractiveness)
Investment Code (amended in 2025); special economic zone regime (Law of 2017): corporate income tax of 15%, and equipment duty exemptions.
- Type of measure
- Investment agency
- APIX — Investment and Major Projects Promotion Agency (Agence de Promotion des Investissements et des Grands Travaux)
