ing Avenue NW, Washington DC 20008; telephone (202) 234-0540
or 0541;
US--Ambassador George E. MOOSE; Embassy on Avenue Jean XXIII at the
corner of Avenue Kleber, Dakar (mailing address is B. P. 49, Dakar);
telephone [221] 23-42-96 or 23-34-24
_#_Flag: 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
_#_Overview: The agricultural sector accounts for about 20% of GDP and
provides employment for about 75% of the labor force. About 40% of the
total cultivated land is used to grow peanuts, an important export crop.
The principal economic resource is fishing, which brought in about $200
million or about 25% of total foreign exchange earnings in 1987. Mining
is dominated by the extraction of phosphate, but production has faltered
because of reduced worldwide demand for fertilizers in recent years. Over
the past 10 years tourism has become increasingly important to the
economy.
_#_GDP: $4.6 billion, per capita $615; real growth rate 0.6% (1989)
_#_Inflation rate (consumer prices): 0.4% (1989 est.)
_#_Unemployment rate: 3.5% (1987)
_#_Budget: revenues $921 million; expenditures $1,024 million;
including capital expenditures of $14 million (FY89 est.)
_#_Exports: $801 million (f.o.b., 1989 est.);
commodities--manufactures 30%, fish products 27%, peanuts 11%,
petroleum products 11%, phosphates 10%;
partners--US, France, other EC, Ivory Coast, India
_#_Imports: $1.0 billion (c.i.f., 1989 est.);
commodities--semimanufactures 30%, food 27%, durable consumer
goods 17%, petroleum 12%, capital goods 14%;
partners--US, France, other EC, Nigeria, Algeria, China, Japan
_#_External debt: $4.1 billion (1989)
_#_Industrial production: growth rate 4.7% (1989); accounts for
17% of GDP
_#_Electricity: 210,000 kW capacity; 760 million kWh produced,
100 kWh per capita (1989)
_#_Industries: fishing, agricultural processing, phosphate mining,
petroleum refining, building materials
_#_Agriculture: including fishing, accounts for 20% of GDP and more
than 75% of labor force; major products--peanuts (cash crop), millet,
corn, sorghum, rice, cotton, tomatoes, green vegetables; estimated
two-thirds self-sufficient in food; fish catch of 299,000 metric tons
in 1987
_#_Economic aid: US commitments, including Ex-Im (FY70-89), $551
million; West
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