International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Particularity of informal Senegalese SMEs and Challenges of Their Formalization
Louis Sarr

In Senegal one of the major problems is the informal nature of the majority of SME. This article aims to show the specificity of Senegalese SMEs; the analysis of challenges faced in the formalization of the latter, their weight in the economy particularly on the Gross Domestic Product (GDP) and lastly, recommendations to overcome the noted problematics. It will also help correct figures that give a support that 99% of Businesses in Senegal are informal. The data come from the survey of the National Agency for Statistics and Demography (2019), descriptive methodology is used.

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