The economy of Senegal advanced by 10.9% from a year earlier in the second quarter of 2021, after a 5.1% expansion in the previous period. It was the strongest growth rate ever, largely due to a low base year effect from the previous year when the effects of the Covid-19 pandemic started to be felt. The main positive contribution came from the secondary sector (14.6%), particularly construction (16%), mining activities (38.3%) and manufacturing (11.7%). The services sector also posted notable growth (11%), mainly boosted by information & communication (30.6%), hotels & restaurants (18.9%); transport (12.8%) and business services (13.2%). Finally, primary sector grew 4.5%, driven by agriculture (5.1%) and breeding & hunting (6.4%). On a seasonally adjusted quarterly basis, the GDP rose 4.1%, following a 0.9% increase in the previous period. source: ANSD, Senegal

GDP Annual Growth Rate in Senegal averaged 3.65 percent from 1961 until 2021, reaching an all time high of 9.90 percent in the fourth quarter of 2015 and a record low of -6.55 percent in the fourth quarter of 1969. This page provides - Senegal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Annual Growth Rate in Senegal is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 6.50 percent in 2022 and 8.60 percent in 2023, according to our econometric models.

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Senegal GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 02:00 PM Q3 0.7% -1.3% 2.6%
2021-04-01 01:30 PM Q4 2.9% 1.2% 0.3%
2021-07-01 02:20 PM Q1 5.1% 2.9% 2.4%
2021-09-30 02:30 PM Q2 10.9% 5.1% 6%
2021-12-17 03:00 PM Q3 10.9%


News Stream
Senegal GDP Annual Growth at Record High
The economy of Senegal advanced by 10.9% from a year earlier in the second quarter of 2021, after a 5.1% expansion in the previous period. It was the strongest growth rate ever, largely due to a low base year effect from the previous year when the effects of the Covid-19 pandemic started to be felt. The main positive contribution came from the secondary sector (14.6%), particularly construction (16%), mining activities (38.3%) and manufacturing (11.7%). The services sector also posted notable growth (11%), mainly boosted by information & communication (30.6%), hotels & restaurants (18.9%); transport (12.8%) and business services (13.2%). Finally, primary sector grew 4.5%, driven by agriculture (5.1%) and breeding & hunting (6.4%). On a seasonally adjusted quarterly basis, the GDP rose 4.1%, following a 0.9% increase in the previous period.
2021-10-01
Senegal GDP Annual Growth Expands in Q1
The economy of Senegal expanded 5.1% from a year earlier in the first quarter of 2020, following a 2.9% expansion in the previous quarter. The strongest contribution came from the service sector (4.6%), mainly due to a rise in information & communication (27.8%) and business services (9.9%). Output also advanced in the secondary sector (7.0%), particularly within construction (20.6%) and mining activities (17.3%); and in the primary sector (3.0%) marked by a robust expansion in agriculture (5.1%). On a seasonally adjusted quarterly basis, the GDP rose 0.9%, easing from the 1.4% expansion in the previous period.
2021-07-01
Senegal GDP Annual Growth Accelerates in Q4
The economy of Senegal expanded 2.9% from a year ago in the fourth quarter of 2020, following an upwardly revised 1.2% increase in the previous period. The primary sector grew solidly (11.5%) driven mainly by agriculture (14.3%) and extractive activities (20.2%). Output increased in the services sector as well (3.1%), particularly within information & communication (13.2%) and public administration, education and health (6.2%). Lastly, the secondary sector recorded the slowest grow (0.8%) marked by a robust expansion in construction (7.2%) which has partially offset the contraction in manufacturing (-2.5%). On a seasonally adjusted quarterly basis, the GDP rose 1.4%, easing from the 2.5% expansion in the previous period.
2021-04-01
Senegal Economy Bounces Back in Q3
The economy of Senegal expanded 0.7% from a year ago in the third quarter of 2020, following a 1.3% contraction in the previous period which was the first since 2011, as the economy gradually recovers from the COVID-19 pandemic. The services sector shrank at a softer 0.7%, after declining 2.8% in the second quarter, in particular transportation (-4.9% vs -15.4%); accommodation & food services (-12.4% vs -29.2%) and information & communication (-10% vs -15%). In addition, the secondary sector rebounded (1.8% vs -2.2%), driven by construction (14.2% vs 6.5%) and mining (5.7% vs -10.5%). Also, primary activities continued to grow solidly (4.5% vs 5.2%). On a seasonally adjusted quarterly basis, the GDP rose 3.8%, for the first time since the third quarter of 2019, after contracting 2.5% in the previous period.
2020-12-30

Senegal Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.90 percent Mar/21 1.40 27.10 -14.80
GDP Annual Growth Rate 10.90 percent Jun/21 5.10 10.90 -6.55
GDP From Mining 79.80 Million FCFA Mar/21 75.60 79.80 10.00
GDP From Agriculture 357.30 Million FCFA Mar/21 381.40 381.40 41.10


Senegal GDP Annual Growth Rate
The largest sector of Senegal's economy is services, accounting for 62 percent of total GDP, of which internal trade (19 percent); administration, education and health (12 percent); communications (11 percent); and real estate activities (6 percent). The industrial sector represents 23 percent of the GDP, with construction (7 percent); food industries (5 percent); other industries (4 percent) and energy (3 percent) accounting for the biggest share. Also, the primary sector contributes to 15 percent of GDP, mostly agriculture (9 percent) and livestock activities (4 percent).