Senegal: Achieving High and Inclusive Growth While Preserving Fiscal Sustainability

Author: Mr. Alexei P Kireyev and Mr. Gaston K Mpatswe

Volume/Issue: Volume 2013 Issue 007

Publication date: October 2013

ISBN: 9781484379660

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , Poverty and Homelessness , DPPP , DP , Senegal , growth performance , GDP , deficit , growth rate accounting , Senegal's growth , poverty incidence , monetary union , per capita income , Poverty reduction , Poverty reduction strategy , Income inequality , Total factor productivity , West Africa , Africa , Sub-Saharan Africa , growth performances vis-à-vis comparator , Medium-Term growth outlook , government spending policy , public policies , Inclusive growth

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Summary

Senegal’s growth has been sluggish in recent years with implications for poverty reduction. Average growth was relatively strong in 1995–2005 and accompanied by a large drop in poverty incidence. Due partly to a series of exogenous shocks, growth decreased to an average of 3.3 percent in 2006–11. As a result, per capita income increased only modestly and poverty incidence barely decreased during this period and remains high.