Senegal Frontier
Africa · Dakar · XOF (West African CFA Franc)
Economy & industry overview
Senegal is a lower-middle-income economy in West Africa with a nominal GDP of approximately 32.2 billion USD in 2024, supported by services, agriculture, fishing, phosphate mining, construction, and a nascent but rapidly growing oil and gas sector. The Sangomar offshore oil field began commercial production in June 2024, providing a significant new export revenue stream and accelerating real GDP growth to an estimated 6.9 percent in 2024. The country uses the West African CFA franc and is a member of the West African Economic and Monetary Union (WAEMU). Dakar serves as a major regional commercial, financial, and transportation hub for West Africa. Inflation was low at 0.8 percent in 2024, helped by price subsidies and easing global commodity prices.
Key sectors
Learn everything about Senegal →Macro
| GDP nominal, USD | $32.17B |
| GDP growth real, annual | 6.9% |
| Inflation annual | 0.8% |
| Population people | 18.8M |
| GDP per capita USD | $1,759 |
| Market cap total listed, USD | $900.00M |
| Market cap / GDP | 2.8% |
| Unemployment | 19.2% |
| Listed companies | 3 |
| Exchange | Bourse Régionale des Valeurs Mobilières. Senegalese companies are listed on this regional exchange, which serves all eight WAEMU member states and is headquartered in Abidjan, Côte d'Ivoire. (BRVM) |
Primary data year: 2024. Sources: World Bank World Development Indicators, IMF World Economic Outlook, African Development Bank Economic Outlook, BRVM (brvm.org), MSCI Frontier Markets Index Factsheet, EBRD Transition Report 2025-26, UN DESA Country Monitoring Report 2025, Coface Country Risk File, Lloyd's Bank Trade Economic Context, FRED St. Louis Federal Reserve (World Bank data), AfDB Senegal Fact Sheet 2025. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
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South Africa
Morocco
Nigeria
Côte d'Ivoire
Kenya
Tanzania
Mauritius
Tunisia
Ghana
Botswana
Burkina Faso
Mali
Niger
Benin
Togo
Guinea-BissauLargest listed companies
The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Sonatel SASNTS · BRVM | Telecommunications | $5.05B | — |
| 2 | Société Générale de Banques au SénégalSGBS · BRVM | Financial Services | $210.00M | — |
| 3 | Bank of Africa – SénégalBOAS · BRVM | Financial Services | $115.00M | — |
| 4 | TotalEnergies Marketing SénégalTTLS · BRVM | Energy / Petroleum Distribution | $95.00M | — |
| 5 | Ecobank SénégalETIT · BRVM | Financial Services | $75.00M | — |
| 6 | Banque de l'Habitat du SénégalBHSN · BRVM | Financial Services | $60.00M | — |
| 7 | CFAO Motors SénégalCFMS · BRVM | Consumer Discretionary / Automotive | $28.00M | — |
| 8 | Filature de Tissu Mixte (FITIMA)FTMI · BRVM | Consumer Goods / Textiles | $12.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Bourse Régionale des Valeurs Mobilières. Senegalese companies are listed on this regional exchange, which serves all eight WAEMU member states and is headquartered in Abidjan, Côte d'Ivoire. |
| Code | BRVM |
| Website | www.brvm.org |
| Currency | XOF |
Local broker access
Senegalese equities trade on the BRVM regional exchange in Abidjan. Access for international retail investors is limited; dedicated BRVM-member brokerage firms (Sociétés de Gestion et d'Intermédiation, or SGIs) licensed by the Conseil Régional de l'Épargne Publique et des Marchés Financiers (CREPMF) are the standard route for direct share purchases. Some frontier-market and pan-African online brokers provide indirect access. Liquidity is thin for Senegal-domiciled stocks, with only three companies listed.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants No formal investment-migration programme
Senegal does not operate a formal golden visa or citizenship-by-investment programme as of 2024. Foreign nationals may apply for residency through standard immigration channels, including investor and business residency permits governed by the Senegalese Investment Promotion Agency (APIX). No dedicated investment-migration pathway offering automatic residency or citizenship in exchange for a defined financial threshold has been publicly established.
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Foreigners residing in Senegal typically obtain a resident permit (carte de séjour) renewable annually or biennially. APIX facilitates investor registration and can assist with business-related residency formalities. Dakar has a growing expatriate community, with relatively affordable living costs compared to other African capital cities. French is the official language of government and business.