Chapter

Industrial Policy in Senegal

Fatou Cisse, Ji Eun Choi and Mathilde Maurel

in Manufacturing Transformation

Published in print July 2016 | ISBN: 9780198776987
Published online August 2016 | e-ISBN: 9780191822896 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780198776987.003.0007

Series: WIDER Studies in Development Economics


More Like This

Show all results sharing this subject:

  • Economic Development and Growth

GO

Show Summary Details

Preview

Senegal is the fourth largest economy in West Africa, with a real GDP and GDP per capita estimated respectively at US$760 and US$11.26 billion. The economy underwent prolonged decline until 1995, but has since recovered steadily. As a result per capita GDP has more or less stagnated since independence. The country’s economy is driven mainly by the service sector, which since 1980 contributed over 55 per cent of GDP, while agriculture and industry accounted for less than 20 per cent each. There has been noticeable improvement in industry’s share in the composition of GDP since 1990, exceeding that of agriculture. Unlike its resource-rich neighbours, Senegal’s economy is driven largely by public investment and private consumption, with share of exports remaining unchanged over the years. It is not surprising that policy makers in Senegal strived to nurture the manufacturing sector in the decades following independence.

Keywords: Senegal; industry; agriculture; public investment; manufacturing sector; service sector

Chapter.  7266 words.  Illustrated.

Subjects: Economic Development and Growth

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.