Senegal
The country of west Africa, Senegal is dependent on gas industry and emerging oil reserve.
Primarily the country had Agriculture and tourism as its main stream for GDP. Due to high concern of health hazard, the oil and natural gas production has been postponed for next few years which may affect the FDI.By implementing right strategy and proper allocation of resources, the country expects to achieve 8.8% GDP by 2024.
Metric | Value |
---|---|
Population | 1,804,366 |
Real GDP Growth (Projected) | 8.8% |
GDP per Capita (Projected) | $1,885.532 |
Govenrment Initiative: Following steps Government of Senegal has planned to impore its economy
- improving the labour market by creating more job opportunities for the people
- Promoting human capital
- Enabling good governance by protecting rights of the citizen and increasing security
- Improving commercial production sectors.
Top 10 Fastest Growing Economies in the World
The top 10 fastest-growing Economies in the World are Macao SAR, Guyana, Palau, Niger, Senegal, Libya, Rwanda, Côte d’Ivoire, Burkina Faso, and Benin as per IMF projection for 2024. Every country on the globe faced a massive setback in their economic growth during the pandemic. This led to a massive fall in the global economy. Consequently, it became tough for the countries to regain their growth rate of the pre-pandemic period.