Senegal: The diaspora, a key lever for the economy [Business Africa]

The Senegalese diaspora, estimated at around 700,000 people, plays a crucial role in the country's economy. Money transfers have increased from $218 million in 2000 to nearly $3.6 billion in 2025, accounting for almost 10% of the gross domestic product. However, a large portion of these funds is directed towards household consumption rather than investments in projects.