lomatic representation in the US:
chief of mission: Ambassador Mamadou Mansour SECK
chancery: 2112 Wyoming Avenue NW, Washington, DC 20008
telephone : [1] (202) 234-0540, 0541

Diplomatic representation from the US:
chief of mission: Ambassador Dane Farnsworth SMITH, Jr. (5 August
1996)
embassy: Avenue Jean XXIII at the corner of Avenue Kleber, Dakar
mailing address: B. P. 49, Dakar
telephone: [221] 23 42 96, 23 34 24
FAX: [221] 22 29 91

Flag description: three equal vertical bands of green (hoist side),
yellow, and red with a small green five-pointed star centered in the
yellow band; uses the popular pan-African colors of Ethiopia

Economy

Economy - overview: In 1994 Senegal embarked on its most concerted
structural adjustment effort yet to exploit the 50% devaluation of the
currencies of the 14 Francophone African nations which took place on
12 January of that year. After years of foot-dragging, the government
passed a liberalized labor code which should lower the cost of labor
and improve the manufacturing sector's competitiveness. Inroads also
have been made in closing tax loopholes, eliminating monopoly power in
several sectors, and privatizing state-owned firms. At the same time,
the government is holding the line on current fiscal expenditure under
the watchful eyes of international organizations on which it depends
for substantial support. The IMF, in mid-1995, announced that the
government met most economic targets as called for in its Enhanced
Structural Adjustment Facility agreement and released the second $50
million tranche. The country's narrow tax and resource base,
environmental degradation, and untamed growth of the population will
continue to hold back improvement in living standards over the medium
term. According to the draft budget, GDP will again rise by 5% in
1997.

GDP: purchasing power parity - $15.6 billion (1996 est.)

GDP - real growth rate: 5% (1996 est.)

GDP - per capita: purchasing power parity - $1,700 (1996 est.)

GDP - composition by sector:
agriculture : 21%
industry: 19%
services: 60% (1995 est.)

Inflation rate - consumer price index: 7.8% (1995)

Labor force:
total: 2.509 million (77% are engaged in subsistence farming; 175,000
wage earners)
by occupation: private sector 40%, government and parapublic 60%

Unemployment rate: NA%

Budget:
revenues: $876 million
expenditures: NA, including capital expenditures of $NA

Industries: agricultural and fish proce