The economy of Senegal advanced by 1.4% from a year ago in the first quarter of 2020, slowing from a 3.3% growth in the previous period. That was the weakest economic expansion since the last quarter of 2011, mainly linked to the global pandemic. The services sector was the most affected (-0.9% vs 3% in Q4), namely accommodation & food services (-10.9% vs 5.8%); real estate activities (-11% vs -2%); and information & communication (-8.4% vs -1.8%). Meanwhile, the secondary sector continued to expand (3.5% vs 2.5%), as solid rises in construction (7.6% vs 4.4%) and water supply (6.6% vs 5.8%) partly offset contractions in mining (-5.8% vs -0.6%) and chemical activities (-3.8% vs -2.2%). Also, primary activities grew faster (6% vs 2.6%), mainly supported by fishing (26.9% vs -2.9%). On a seasonally quarterly basis, the economy shrank 3.9%, the most since Q1 of 2007, after expanding 2.3% in the prior quarter.

GDP Annual Growth Rate in Senegal averaged 3.66 percent from 1961 until 2020, 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 September of 2020.

GDP Annual Growth Rate in Senegal is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Senegal to stand at 3.50 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.

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Senegal GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 3.30 9.90 -6.55 1961 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 11:45 AM Q2 5.5% 5.7% 5.5%
2019-12-31 08:40 AM Q3 6.3% 5.5% 6.4%
2020-03-30 02:00 PM Q4 3.3% 6.3% 6.7%
2020-07-01 02:00 PM Q1 1.4% 3.3% 1.3%
2020-09-30 03:00 PM Q2 1.4% -4.5%
2020-12-17 03:00 PM Q3 0.8%


News Stream
Senegal Q1 GDP Growth Rate Weakest since 2011
The economy of Senegal advanced by 1.4% from a year ago in the first quarter of 2020, slowing from a 3.3% growth in the previous period. That was the weakest economic expansion since the last quarter of 2011, mainly linked to the global pandemic. The services sector was the most affected (-0.9% vs 3% in Q4), namely accommodation & food services (-10.9% vs 5.8%); real estate activities (-11% vs -2%); and information & communication (-8.4% vs -1.8%). Meanwhile, the secondary sector continued to expand (3.5% vs 2.5%), as solid rises in construction (7.6% vs 4.4%) and water supply (6.6% vs 5.8%) partly offset contractions in mining (-5.8% vs -0.6%) and chemical activities (-3.8% vs -2.2%). Also, primary activities grew faster (6% vs 2.6%), mainly supported by fishing (26.9% vs -2.9%). On a seasonally quarterly basis, the economy shrank 3.9%, the most since Q1 of 2007, after expanding 2.3% in the prior quarter.
2020-07-01
Senegal Q4 GDP Growth Rate Weakest since 2014
The economy of Senegal advanced by 3.3 percent from a year ago in the fourth quarter of 2019, slowing from a 6.3 percent growth in the previous period. This was the weakest economic expansion since the second quarter of 2014. Output grew less for primary activities (2.6 percent vs 4.5 percent in Q3); secondary activities (2.5 percent vs 4.2 percent) and services (3 percent vs 7.1 percent). On a quarterly basis, the GDP shrank 0.5 percent, following a downwardly revised 4 percent rise in the preceding quarter. Considering the full year of 2019, the gross domestic product expanded 5.2 percent over a year ago.
2020-03-30
Senegal GDP Expands 6.3% in Q3
The economy of Senegal advanced 6.3% from a year ago in the third quarter of 2019, after a 5.5% growth in the previous period. It was the fastest economic expansion since the last quarter of 2018, boosted by primary activities (9.7% vs 7.7%), in particular fishing (30.5%), amid a strong increase in landings from small-scale fishing (47.5%), and agriculture (8.3%). Also, the secondary sector grew much faster (4% vs 1.9%), namely agro-food (6.2%); electricity and gas supply (10.8%) and water supply (6.7%). Meantime, services continued to rise solidly (6.4% vs 6.5), primarily driven by real estate activities (10.8%); finance & insurance (7.5%); internal trade (8.3%) and public administration (6.9%). However, a contraction was recorded in information & communication (-5.9%). On a quarterly basis, the GDP rose 4% compared to a meagre 0.2% increase in the previous quarter.
2019-12-31
Senegal GDP Expands the Least in a Year
The economy of Senegal grew 5.5% from a year ago in the second quarter of 2019, down from 5.7% in the previous period. It was the weakest growth since Q2 2018, as secondary activity rose much less (1.9% vs 5.3% in Q1), dragged by chemical products (-4.2% vs 2.4%); agro-food (7.2 percent vs 8.8 percent) and electricity and gas supply (6.4% vs 10.6%). In contrast, the construction sector rebounded sharply (12.2% vs -4.6%). Primary activities also posted smaller gains (7.7% vs 9.3%), namely agriculture (6.6% vs 9.9%). In contrast, services expanded faster (6.5% vs 4.9%), in particular internal trade (5% vs 4.2%); information & communication (6% vs 3.4%); finance & insurance (7% vs 3.4%); real estate activities (8.3% vs 3.8%); business services (7.8% vs 3.7%) and public administration (8% vs 7.9%). On a quarterly basis, the GDP rose 0.2 percent compared to 0.4 percent in the previous quarter.
2019-10-01

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).