Senegal's economy grew by an estimated 6.7% in 2016, with 6.8% expansion predicted for 2017 and 7% in 2018.

Senegal borders the North Atlantic Ocean in west. It is bordered by Mauritania along the Senegal River in the north, by Mali in the east, by Guinea and Guinea-Bissau in the south, and it encloses The Gambia, a narrow nation along both banks of the Gambia River. Senegal shares also maritime borders with the island country of Cape Verde in the west.

Economic Situation

- The Mo Ibrahim Index of African Governance (IIAG) ranked Senegal 10th out of 54 countries in 2016 and one of the three that improved their position in the four categories of the index.
- The country’s industrial sector is 92.5% made up of small and medium-sized enterprises (SMEs) but large firms (7.5%) account for 90% of added value.
- The national development plan was in its second year in 2016, with major reforms expected to speed up the public investment involved in the plan’s projects.

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