Senegal Economy Continues to Strengthen

The economy of Senegal advanced by 5.8% year-on-year in Q1 2026, the most since Q2 2025, following a 4.2% growth in the previous period. The expansion was mainly driven by strong performance in the secondary sector (+8.6%), followed by the primary sector (+5.7%), the tertiary sector (+5.2%), and, to a lesser extent, net taxes on goods and services (+1.6%). Excluding hydrocarbons, GDP rose by 4.7%. From a demand perspective, growth was mainly supported by higher exports (+8.2%) and final consumption (+4.9%). However, gross fixed capital formation declined by 7.5%. On a seasonally adjusted quarterly basis, the GDP rose by 1.2%.

The economy of Senegal grew by 4.2% year-on-year in Q4 2025, accelerating from a downwardly revised 3.7% rise in the previous period. The expansion was primarily driven by robust activity in the primary sector (+8.6%) and secondary sector (+5.1%), alongside the tertiary sector (2.7%). Net product taxes, after subsidies, also rose 2.8% during the quarter. From the demand perspective, the pickup in economic activity was supported by higher exports of goods and services (+29.7%), increased gross fixed capital formation (+7.2%), and growth in final consumption (+3.4%).On a seasonally adjusted quarterly basis, the GDP advanced by 3.1%. The Senegalese GDP expanded by 6.7% in 2025, the most since 2018, following a downwardly revised 6.5% rise in 2024.

Senegal’s economy advanced by 4.2% year-on-year in Q3 2025, slowing sharply from an 11.8% surge in Q2, which was the second-fastest growth rate since records began in 1961, and marking the softest expansion since Q2 2024. Growth was driven by strong performances in the primary sector (+7.3%), secondary sector (+7.2%), tertiary sector (+2.4%), as well as net taxes (+0.5%). Excluding hydrocarbons (oil and gas), GDP grew by 1.8%. From the demand side, growth was primarily supported by increases in exports (+11.6%), final consumption (+3.3%), and gross fixed capital formation (+2.8%), while imports fell by 3.9%. On a seasonally adjusted quarterly basis, the economy expanded by 0.8% in Q3, following an upwardly revised 0.4% increase in Q2.