Senegal Economic Update, December 2014 : Learning from the Past for a Better Future
Gross domestic product (GDP) growth was a disappointing 3.5 percent in 2013. It remained largely unchanged compared to 2012, reflecting a decline in cereal production and stagnation in the industrial sector. Services continue to drive the economy....
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| Format: | Economic & Sector Work |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/12/23988357/senegal-economic-update-learning-past-better-future http://hdl.handle.net/10986/21504 |
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okr-10986-21504 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCING ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE ALTERNATIVE INVESTMENTS ARREARS BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SECTOR BENEFICIARIES BENEFIT ANALYSIS BUDGET DEFICIT BUDGET EXECUTION BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL STOCK CASH FLOW CENTRAL BANK CLIMATE CHANGE CLIMATIC CONDITIONS COAL COMMERCIAL BANKS COMPETITIVE BIDDING COMPETITIVENESS CONSUMERS COST-BENEFIT ANALYSIS CREDIT RISK CROP LOSS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DAMAGES DEBT DEBT RATIOS DEBT RELIEF DEBT SERVICE DEBT SERVICE RATIO DEBT SERVICES DEFICITS DEFORESTATION DEVALUATION DEVELOPMENT BANK DEVELOPMENT PROJECTS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMY EMERGING MARKETS ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EUROBOND EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT MARKET EXPORT PERFORMANCE EXPORT SECTOR EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL SHOCKS EXTREME POVERTY FACTORS OF PRODUCTION FINANCIAL CRISIS FINANCIAL RESOURCES FINANCIAL SERVICES FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL FRAMEWORK FISCAL MANAGEMENT FISCAL POLICY FISH FISHERIES FISHING FIXED CAPITAL FOOD PRICES FORECASTS FOREIGN BUYERS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORESTRY FRAUD GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNMENT EXPENDITURES GOVERNMENT PRIORITIES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME TAX INFLATION INFLATION RATE INFLATIONARY PRESSURE INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKET INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVENTORY INVESTING INVESTMENT CLIMATE INVESTOR PROTECTION JOB CREATION LABOR FORCE LABOR MARKET LAND DEGRADATION LAND REFORM LEGAL RECOURSE LENDERS LIVING STANDARDS LOAN LOCAL MARKET MACROECONOMIC FRAMEWORK MACROECONOMIC INDICATORS MACROECONOMIC STABILITY MACROECONOMICS MATURITY MICROFINANCE MIDDLE INCOME COUNTRIES MISMANAGEMENT MOBILE PHONES MONETARY POLICY MONEY SUPPLY MONOPOLIES NET EXPORTS NON-PERFORMING LOANS OIL OPEN MARKET OPEN MARKET OPERATIONS OPPORTUNITY COST OUTPUT PARTIAL RISK PERSONAL INCOME PERSONAL TAX RATES PLEDGES POLICY MAKERS POPULATION GROWTH PORTFOLIO PORTFOLIO INVESTMENT POSITIVE EFFECTS POVERTY REDUCTION POWER PARITY PRICE CONTROLS PRICE INCREASES PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR RESPONSE PRODUCERS PRODUCTION COSTS PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER RAPID EXPANSION RATE OF GROWTH REAL ESTATE REAL EXCHANGE RATE REAL GDP RED TAPE REFORM PROGRAM REGULATORY FRAMEWORK REMITTANCES RESERVES RETURN RISK FACTORS RISK MANAGEMENT SAVINGS SECTOR MINISTRY SEED CAPITAL SETTLEMENT SMALL ENTERPRISES SOCIAL DEVELOPMENT SOCIAL PROTECTION STREAMS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX COLLECTION TAX RATES TAX REVENUES TAXATION TELECOMMUNICATIONS TERMS OF TRADE TOTAL EXPENDITURES TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRACK RECORD TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE UNFAIR COMPETITION URBAN DEVELOPMENT URBANIZATION VALUATIONS VALUE OF EXPORTS WAGES WORLD DEVELOPMENT INDICATORS |
| spellingShingle |
ACCESS TO FINANCING ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE ALTERNATIVE INVESTMENTS ARREARS BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SECTOR BENEFICIARIES BENEFIT ANALYSIS BUDGET DEFICIT BUDGET EXECUTION BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL STOCK CASH FLOW CENTRAL BANK CLIMATE CHANGE CLIMATIC CONDITIONS COAL COMMERCIAL BANKS COMPETITIVE BIDDING COMPETITIVENESS CONSUMERS COST-BENEFIT ANALYSIS CREDIT RISK CROP LOSS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DAMAGES DEBT DEBT RATIOS DEBT RELIEF DEBT SERVICE DEBT SERVICE RATIO DEBT SERVICES DEFICITS DEFORESTATION DEVALUATION DEVELOPMENT BANK DEVELOPMENT PROJECTS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMY EMERGING MARKETS ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EUROBOND EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT MARKET EXPORT PERFORMANCE EXPORT SECTOR EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL SHOCKS EXTREME POVERTY FACTORS OF PRODUCTION FINANCIAL CRISIS FINANCIAL RESOURCES FINANCIAL SERVICES FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL FRAMEWORK FISCAL MANAGEMENT FISCAL POLICY FISH FISHERIES FISHING FIXED CAPITAL FOOD PRICES FORECASTS FOREIGN BUYERS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORESTRY FRAUD GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNMENT EXPENDITURES GOVERNMENT PRIORITIES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME TAX INFLATION INFLATION RATE INFLATIONARY PRESSURE INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKET INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVENTORY INVESTING INVESTMENT CLIMATE INVESTOR PROTECTION JOB CREATION LABOR FORCE LABOR MARKET LAND DEGRADATION LAND REFORM LEGAL RECOURSE LENDERS LIVING STANDARDS LOAN LOCAL MARKET MACROECONOMIC FRAMEWORK MACROECONOMIC INDICATORS MACROECONOMIC STABILITY MACROECONOMICS MATURITY MICROFINANCE MIDDLE INCOME COUNTRIES MISMANAGEMENT MOBILE PHONES MONETARY POLICY MONEY SUPPLY MONOPOLIES NET EXPORTS NON-PERFORMING LOANS OIL OPEN MARKET OPEN MARKET OPERATIONS OPPORTUNITY COST OUTPUT PARTIAL RISK PERSONAL INCOME PERSONAL TAX RATES PLEDGES POLICY MAKERS POPULATION GROWTH PORTFOLIO PORTFOLIO INVESTMENT POSITIVE EFFECTS POVERTY REDUCTION POWER PARITY PRICE CONTROLS PRICE INCREASES PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR RESPONSE PRODUCERS PRODUCTION COSTS PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER RAPID EXPANSION RATE OF GROWTH REAL ESTATE REAL EXCHANGE RATE REAL GDP RED TAPE REFORM PROGRAM REGULATORY FRAMEWORK REMITTANCES RESERVES RETURN RISK FACTORS RISK MANAGEMENT SAVINGS SECTOR MINISTRY SEED CAPITAL SETTLEMENT SMALL ENTERPRISES SOCIAL DEVELOPMENT SOCIAL PROTECTION STREAMS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX COLLECTION TAX RATES TAX REVENUES TAXATION TELECOMMUNICATIONS TERMS OF TRADE TOTAL EXPENDITURES TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRACK RECORD TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE UNFAIR COMPETITION URBAN DEVELOPMENT URBANIZATION VALUATIONS VALUE OF EXPORTS WAGES WORLD DEVELOPMENT INDICATORS World Bank Group Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| geographic_facet |
Africa Senegal |
| relation |
Senegal economic update;no. 1 |
| description |
Gross domestic product (GDP) growth was
a disappointing 3.5 percent in 2013. It remained largely
unchanged compared to 2012, reflecting a decline in cereal
production and stagnation in the industrial sector. Services
continue to drive the economy. The economic outlook for 2014
was more positive, but poor rainfall and the Ebola outbreak
have forced downward revisions in GDP growth projections,
now expected to reach 4.5 percent. The plan Senegal emergent
aims to break with this trend, with a welcome focus on
higher economic growth. However, its ambitions may exceed
available resources and will likely depend on accelerated
reforms and a strong private sector response. This first
economic update begins with an overview of the macroeconomic
situation in Senegal, starting with a review of 2013 before
examining the initial results of 2014. After a brief look at
the challenges posed by unemployment and poverty, the report
turns to an assessment of the growth strategy. It presents
analysis of past performance since 1990 in order to
understand better what needs to be done differently. The
report concludes with a few recommendations. |
| format |
Economic & Sector Work |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| title_short |
Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| title_full |
Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| title_fullStr |
Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| title_full_unstemmed |
Senegal Economic Update, December 2014 : Learning from the Past for a Better Future |
| title_sort |
senegal economic update, december 2014 : learning from the past for a better future |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/12/23988357/senegal-economic-update-learning-past-better-future http://hdl.handle.net/10986/21504 |
| _version_ |
1764448441625214976 |
| spelling |
okr-10986-215042021-04-23T14:04:02Z Senegal Economic Update, December 2014 : Learning from the Past for a Better Future World Bank Group ACCESS TO FINANCING ACCOUNTING ADVERSE EFFECTS AGRICULTURAL PRODUCTION AGRICULTURE ALTERNATIVE INVESTMENTS ARREARS BALANCE OF PAYMENTS BANK CREDIT BANK LIQUIDITY BANKING SECTOR BENEFICIARIES BENEFIT ANALYSIS BUDGET DEFICIT BUDGET EXECUTION BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL STOCK CASH FLOW CENTRAL BANK CLIMATE CHANGE CLIMATIC CONDITIONS COAL COMMERCIAL BANKS COMPETITIVE BIDDING COMPETITIVENESS CONSUMERS COST-BENEFIT ANALYSIS CREDIT RISK CROP LOSS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DAMAGES DEBT DEBT RATIOS DEBT RELIEF DEBT SERVICE DEBT SERVICE RATIO DEBT SERVICES DEFICITS DEFORESTATION DEVALUATION DEVELOPMENT BANK DEVELOPMENT PROJECTS DOMESTIC COMPETITION DOMESTIC MARKET DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMY EMERGING MARKETS ENVIRONMENTAL EQUILIBRIUM EQUIPMENT EUROBOND EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT MARKET EXPORT PERFORMANCE EXPORT SECTOR EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL SHOCKS EXTREME POVERTY FACTORS OF PRODUCTION FINANCIAL CRISIS FINANCIAL RESOURCES FINANCIAL SERVICES FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL FRAMEWORK FISCAL MANAGEMENT FISCAL POLICY FISH FISHERIES FISHING FIXED CAPITAL FOOD PRICES FORECASTS FOREIGN BUYERS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORESTRY FRAUD GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNMENT EXPENDITURES GOVERNMENT PRIORITIES GOVERNMENT REVENUE GOVERNMENT SPENDING GOVERNMENT SUPPORT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPLICIT SUBSIDIES INCOME TAX INFLATION INFLATION RATE INFLATIONARY PRESSURE INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKET INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVENTORY INVESTING INVESTMENT CLIMATE INVESTOR PROTECTION JOB CREATION LABOR FORCE LABOR MARKET LAND DEGRADATION LAND REFORM LEGAL RECOURSE LENDERS LIVING STANDARDS LOAN LOCAL MARKET MACROECONOMIC FRAMEWORK MACROECONOMIC INDICATORS MACROECONOMIC STABILITY MACROECONOMICS MATURITY MICROFINANCE MIDDLE INCOME COUNTRIES MISMANAGEMENT MOBILE PHONES MONETARY POLICY MONEY SUPPLY MONOPOLIES NET EXPORTS NON-PERFORMING LOANS OIL OPEN MARKET OPEN MARKET OPERATIONS OPPORTUNITY COST OUTPUT PARTIAL RISK PERSONAL INCOME PERSONAL TAX RATES PLEDGES POLICY MAKERS POPULATION GROWTH PORTFOLIO PORTFOLIO INVESTMENT POSITIVE EFFECTS POVERTY REDUCTION POWER PARITY PRICE CONTROLS PRICE INCREASES PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR RESPONSE PRODUCERS PRODUCTION COSTS PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER RAPID EXPANSION RATE OF GROWTH REAL ESTATE REAL EXCHANGE RATE REAL GDP RED TAPE REFORM PROGRAM REGULATORY FRAMEWORK REMITTANCES RESERVES RETURN RISK FACTORS RISK MANAGEMENT SAVINGS SECTOR MINISTRY SEED CAPITAL SETTLEMENT SMALL ENTERPRISES SOCIAL DEVELOPMENT SOCIAL PROTECTION STREAMS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX COLLECTION TAX RATES TAX REVENUES TAXATION TELECOMMUNICATIONS TERMS OF TRADE TOTAL EXPENDITURES TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRACK RECORD TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATE UNFAIR COMPETITION URBAN DEVELOPMENT URBANIZATION VALUATIONS VALUE OF EXPORTS WAGES WORLD DEVELOPMENT INDICATORS Gross domestic product (GDP) growth was a disappointing 3.5 percent in 2013. It remained largely unchanged compared to 2012, reflecting a decline in cereal production and stagnation in the industrial sector. Services continue to drive the economy. The economic outlook for 2014 was more positive, but poor rainfall and the Ebola outbreak have forced downward revisions in GDP growth projections, now expected to reach 4.5 percent. The plan Senegal emergent aims to break with this trend, with a welcome focus on higher economic growth. However, its ambitions may exceed available resources and will likely depend on accelerated reforms and a strong private sector response. This first economic update begins with an overview of the macroeconomic situation in Senegal, starting with a review of 2013 before examining the initial results of 2014. After a brief look at the challenges posed by unemployment and poverty, the report turns to an assessment of the growth strategy. It presents analysis of past performance since 1990 in order to understand better what needs to be done differently. The report concludes with a few recommendations. 2015-02-25T22:37:05Z 2015-02-25T22:37:05Z 2014-12 http://documents.worldbank.org/curated/en/2014/12/23988357/senegal-economic-update-learning-past-better-future http://hdl.handle.net/10986/21504 English en_US Senegal economic update;no. 1 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Senegal |