Solid growth, stable fundamentals
C2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2022.
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GDP |
|
|
Population |
|
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Form of state | Semi-presidential republic | |
Head of government |
Macky Sall |
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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%
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1 |
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Switzerland
11.7%
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2 |
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India
8.3%
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3 |
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China
7.1%
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4 |
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Australia
4.9%
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5 |
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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%
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5 |
3.9%
Iron and steel
|
Collection Complexity
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.
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