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.

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Senegal GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 1.20 9.90 -6.55 1961 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-01 02:00 PM Q1 1.4% 3.3% 1.3%
2020-09-30 03:00 PM Q2 -1.3% 1.4% -8%
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 02:00 PM Q1
2021-09-30 03:00 PM Q2
2021-12-17 03:00 PM Q3


News Stream
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 GDP Contracts for 1st Time since 2011
The economy of Senegal shrank 1.3% from a year ago in the second quarter of 2020, following a 1.4% growth in the previous period. It was the first economic contraction since the last quarter of 2011, amid the impact of the pandemic shock. The services sector was the most affected (-2.8%), namely accommodation & food services (-29.2%); transportation (-15.4%) and information & communication (-15%). Also, the secondary sector contracted (-2.2%), in particular mining (-10.5%) and manufacture of food (-5.1%). On the other hand, primary activities grew solidly (5.2 percent), supported by agriculture (6.1%) and silviculture, forestry (8%). On a seasonally adjusted, the GDP contracted 2.5%.
2020-09-30
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 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).