Senegal GDP Growth Slows Marginally to 11.8% in Q2

Senegal’s economy expanded by 11.8% year-on-year in Q2 2025, slightly easing from a 12.1% surge in Q1, which was the fastest growth rate since records began in 1961.

The robust GDP growth was driven by strong performances in the secondary sector (+37.7%), primary sector (+6.7%), tertiary sector (+4.3%), and net taxes (+3.6%).

Excluding hydrocarbons (oil and gas), GDP grew by 2.5%.

From the demand side, growth was primarily fueled by sharp increases in exports (+46.9%), gross fixed capital formation (+3.7%), and final consumption (+3.1%).

In contrast, imports declined by 4.7%.

On a seasonally adjusted quarterly basis, the economy grew by 0.3% in Q2, rebounding from a 1.2% contraction in Q1.