Thursday, November 20, 2008

Host Country Economic Snapshot

GDP (gross domestic product): $21.02 billion (2007 est.)

Number of people of working age: 52% of population

Unemployment rate: 48%

Poverty line: $.63/day

Percentage living below poverty line: 54 %

Average family income: $240/month

Percentage of workforce in:

Agriculture: 77%

Manufacturing: 8%

White collar: estimated 5000 white-collar jobs in call-centers

Service/tourist: 16%

Main industries: food processing, mining, cement, artificial fertilizer, chemicals, textiles, refining imported petroleum, and tourism

Main imports: mineral fuels & oils, cereals, machinery, and vehicles

Main exports: fish, chemicals, cotton, fabrics, groundnuts, and calcium phosphate

Currency: CFA Franc (XOF)

Exchange rate: 1 US Dollar = 529.438 CFA or 1 CFA Franc BCEAO (XOF) = 0.001889 US Dollar (USD)

Prevalence of modern communication devices:

Television: 36% in Dakar

Cell phones: 27%

Internet users: 5.4 %

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