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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe 2023-2025 multi-annual budgetary and economic programming document (DPBEP) shows that final consumption in Senegal is estimated to increase by 5.9% in 2021 compared with an overall increase of 5.9% in 2021 compared with 2.3% the previous year compared with 2.3% the year before, supported by both the private (+5%) and public (+6.0%) segments.
In 2021, according to the document, final consumption would represent 83.1% of the Gross Domestic Product (GDP) compared to 83.5% in 2020, equivalent to a domestic savings rate of 16.9%. Hence an improvement of 0.4 percentage points compared to 2020. In terms of investments, it improved significantly to 31.4% of GDP in 2021 (compared to 29.5% of GDP in 2020), measured by Gross Fixed Capital Formation (Fbcf). We thus note an increase of 10.7% in 2021 for the Fbcf. This is related to the realization of structural investments within the framework of PAP2A through special economic zones, the improvement of energy supply and the strengthening of Foreign Direct Investments (FDI).
In 2021, domestic demand rose by 5.3%. Imports and exports of goods and services strengthened by 8.0% and 14.7% respectively in 2021 on the external demand side.
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