Solid growth, stable fundamentals

C2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2022.

Swipe to view more

GDP
USD24,9bn (World ranking 104, World Bank 2020)
Population
16,74mn (World ranking 69, World Bank 2020)
Form of state Semi-presidential republic
Head of government

Macky Sall

Next elections

2024, presidential

  • Relatively good regional and international relations.
  • Membership of the West African Monetary Union (WAMU) and the CFA franc zone provide relative monetary stability, a common currency and access to a regional central bank. Low exchange rate and transfer risk.
  • Considerable debt relief under the HIPC initiative in 2004 and Multilateral Debt Relief Initiative in 2006.
  • Market-friendly reforms helped to improve Doing Business ranking
  • Strong potential to become a net oil exporter in the medium run.
  • Vulnerability to climatic effects on agricultural output and to changes in internationally-determined commodity prices.
  • Uncertain regional influences include a border with Mali.
  • Large current account deficits.
  • Implementation of structural reforms sometimes slow.
  • Despite improvement, business environment still shows a high level of government intervention, a bureaucratic regulatory environment and an inefficient judiciary.

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
Mali 24.4%
1
17.6% China
Switzerland 11.7%
2
11.5% France
India 8.3%
3
5.9% Nigeria
China 7.1%
4
5.9% Netherlands
Australia 4.9%
5
5.0% Belgium

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 19.3%
1
18.6% Petroleum, petroleum products and related materials
Petroleum, petroleum products and related materials 15.8%
2
8.3% Cereals and cereal preparations
Fish, crustaceans, molluscs and preparations thereof 12.2%
3
5.2% Road vehicles
Inorganic chemicals 7.2%
4
3.9% Electrical machinery, apparatus and appliances, n.e.s.
Oil seeds and oleaginous fruits 5.6%
5
3.9% Iron and steel
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East

Popular Risk Reports: Africa