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.