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. source: ANSD, Senegal
GDP Annual Growth Rate in Senegal averaged 3.58 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 April of 2021.
GDP Annual Growth Rate in Senegal is expected to be 1.60 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 4.00 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 6.00 percent in 2022 and 7.20 percent in 2023, according to our econometric models.