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Full meaning African Union Community of Sahel–Saharan States Common Market for Eastern and Southern Africa Economic Community of West African States Foreign direct investment Gross domestic product Inclining block tariff(s) International Monetary Fund Independent power producer Kilowatt Kilowatt hour Liquid petroleum gas Megawatt Pay as you go Power purchase agreement Private public partnership Standard and Poors Global Ratings Sub-Saharan Africa Transmission and distribution Time of use West African Economic and Monetary Union United Nations Industrial Development Organization Value added tax World Bank Regulatory Indicators for Sustainable Energy General government debt-to-GDP ratio measures the gross debt of the general government as a percentage of GDP. Debt is calculated as the sum of the following liability categories (as applicable): currency and deposits; debt securities, loans; insurance, pensions and standardised guarantee schemes, and other accounts payable. This percentage is calculated from the number of mobile cellular subscriptions per 100 adults. Occasionally a single user will have more than one mobile subscription and so it is possible for this value to exceed 100%. 190 countries ranked This includes all renewable energy sources (solar, wind, small hydro, geothermal and biomass and waste), and excludes large hydro (above 50 MW) and nuclear. Disclosed share of foreign investment in the clean energy sector (of both local and foreign investment in clean energy, this tells us the amount of foreign investment in clean energy). This includes all renewable energy sources (solar, wind, small hydro, geothermal and biomass and waste), and excludes large hydro (above 50 MW) and nuclear. If already assembled into a generating set (e.g. a SHS), the duty is 5%. As per the ECOWAS 2017 CET As per the ECOWAS 2017 CET As per the ECOWAS 2017 CET As per the General Code of Taxes As per the General Code of Taxes As per the General Code of Taxes The median time (the value for 50 percent of shipments) from port of discharge to arrival at the consignee. Refers to all types of entry ports. Unit is days. Year is 2018, unless specified otherwise. The real economic growth, or real GDP growth rate, measures economic growth as it relates to the GDP from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms. The real economic growth rate considers inflation in its measurement of economic growth, unlike the nominal GDP growth rate, which does not. 167 countries ranked. Scores are averaged across 2012, 2014, 2016 and 2018 with the last year weighing most of the score. See "Source" below for more details.

The components analysed in the International LPI include:
• The efficiency of customs and border management clearance;
• The quality of transport infrastructure;
• The ease of arranging shipments;
• The quality of logistics services;
• The ability of tracking and tracing;
• The frequency with which shipments reach consignees within expected delivery times.


The Senegalese economy exhibited strong growth in 2019 with gross domestic product (GDP) growing by 5.3% from the previous year. In 2017 and 2018, the country’s GDP contracted by about 1%. With population growth holding steady at around 2.8%, the economic slowdown has reduced per capita GDP slightly to €1280. National debt jumped more than 10% to 61.2% between 2016 and 2017 before stabilising again. This is likely linked to strong GDP growth of 7.4% and a ratings upgrade to Ba3 by Moody’s in 2017. The country also improved their ease of doing business ranking by 20 positions to the 141th spot between 2015 and 2019.

The country’s rate of inflation in 2019 remains low at 1%. This is in line with rates between 0.5% and 1.2% for the period since 2015, signifying relative stability. Senegal’s currency, the West African CFA franc, is pegged to the euro which limits adverse rate fluctuation. It reached its peak strength against the US dollar at the beginning of 2018, weakening in the following period and is currently trading around the 600 mark.

Inflows of foreign investment have been able to maintain a healthy growth trajectory to almost €536 million in 2018. This growth has kept pace with local economic growth, staying comfortably within the 2%-3% range of GDP. Promotion des Investissements et Grands Travaux (APIX), the country’s designated investment hub, works to promote investment and facilitate major projects in the country.

Clean energy investment to date has been erratic, fluctuating from €2.4 million in 2014 to €135 million two years later and dropping to €11 million in 2018. More than 80% of investment in this sector after 2017 is from foreign sources, despite limited incentives for the purchase of renewable energy technologies. Senegal offers no VAT exemption on solar panels, wind turbines or batteries. Solar panels attract no import duties, however if they are pre-assembled into a generating system a 5% charge is applicable. Wind turbines and batteries are charged 5% and 20% import duties respectively.
Regional affiliation
Official language(s)
National currency
West African CFA Franc
Presence of port
Port of Dakar
Next planned election and cycle length
Presidential elections:
2026 (7-year cycle)
Parliamentary elections:
2022 (5-year cycle)


% urban population of total population
% rural population of total population
Population growth rate
Working age (15-64) share of total population
Working age (15-64)
Rest of population
Urbanisation rate (% urban population growth)


Mobile telecom operators
Expresso Telecom
All three connectivity indicators
% penetration of mobile cellular subscriptions
% penetration of mobile money
% population with access to internet

Logistics, Import duties and value added tax


Median lead time to import
7 days
Aggregated Logistics Performance Index ranking

Import Duties and Value-Added Tax

Import Duties
Solar panels
Wind turbines
Batteries (for renewable energy storage)
Solar Panels
Wind turbines
Batteries (for renewable energy storage)

Business intelligence

Energy Ranking

Climatescope ranking
WB RISE ranking
Not ranked


Real GDP growth
GDP/capita, real
SSA average
GDP/capita, real
SSA average
GDP/capita, real
Debt to GDP ratio (gross debt)
Inflation rate
Exchange rate
Currency exchange rate vs. EUR and USD
Currency exchange rate vs. EUR
Currency exchange rate vs. USD
Total volume of clean energy investment
% foreign investment in clean energy
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