S E N E G A L
052
W estern
A frica :
S enegal
Western Africa: Senegal Overview Senegal had a GDP of USD $24.1 billion in 2019, and its population in 2020 is 16.7 million.234,235 It has 300,000 small- and medium-sized enterprises (SMEs) and approximately 4 million jobs, of which 4.6% are formal employment.236 The International Monetary Fund’s (IMF) initial estimates (post-COVID-19) expect Senegal’s economy to grow at 3% in 2020 and 5.5% in 2021.237 Lloyds Bank predicts that Senegal’s recovery will be driven by public investment under the pre-existing development strategy, ‘Plan Sénégal Emergent’ (PSE), as well as global economic recovery and private consumption.238 This study has estimated that approximately 16,500 social enterprises are operating in Senegal, employing 78,800 people directly.239 The population is expected to grow at 2.8% annually, leading to a working age population (15-64) of 12.5 million people in 2030.240 This study projects there will be approximately 104,900 direct jobs in social enterprises in Senegal by 2030, approximately 26,100 more than in 2020. The government is supporting industrialization of agriculture and increased value-added processing. They have also improved the legal and regulatory framework for ICT companies, including social enterprises. Social enterprises in the agricultural sector are expected to provide significant additional income-generating opportunities, driven by the government’s technical and operational support, including subsidies for capital equipment. Figure 22 shows the estimated total number of direct jobs in social enterprises in 2020 and 2030 (projected). 120 K
104,928 100 K
78,838 80 K
60 K
40 K
20 K
0
Number of jobs 2020
Number of jobs 2030
Figure 22: Estimated direct jobs in social enterprises in Senegal, 2020–2030
