The economy of Senegal advanced by 7.1 percent from a year earlier in the fourth quarter of 2021, following a 10.6 percent expansion in the previous period. Output grew at a slower pace in both the secondary (11.7 percent vs 15.1 percent in Q3) and the tertiary sectors (7.6 percent vs 10.6 percent). Additionally, primary activities shrank (-1 percent vs 2.9 percent). On a seasonally adjusted quarterly basis, the GDP rose 2.1 percent. Considering the full year of 2021, the GDP grew 6 percent, accelerating from a 1.3 percent expansion in 2020. source: ANSD, Senegal

GDP Annual Growth Rate in Senegal averaged 3.83 percent from 1961 until 2021, reaching an all time high of 10.70 percent in the second quarter of 2021 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 July of 2022.

GDP Annual Growth Rate in Senegal is expected to be 5.50 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 8.50 percent in 2023 and 10.30 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Senegal GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-31 03:00 PM Q3 10.4% 10.7% 8%
2022-03-30 03:00 PM Q4 7.1% 10.6% 8%
2022-07-01 02:20 PM Q1 7.1% 5%


Related Last Previous Unit Reference
GDP Growth Rate 2.10 2.60 percent Dec 2021
GDP Annual Growth Rate 7.10 10.60 percent Dec 2021
GDP From Mining 102.00 102.90 XOF Million Dec 2021
GDP From Agriculture 384.30 373.00 XOF Million Dec 2021

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).
Actual Previous Highest Lowest Dates Unit Frequency
7.10 10.60 10.90 -6.55 1961 - 2021 percent Quarterly

News Stream
Senegal GDP Annual Growth Slows in Q4
The economy of Senegal advanced by 7.1 percent from a year earlier in the fourth quarter of 2021, following a 10.6 percent expansion in the previous period. Output grew at a slower pace in both the secondary (11.7 percent vs 15.1 percent in Q3) and the tertiary sectors (7.6 percent vs 10.6 percent). Additionally, primary activities shrank (-1 percent vs 2.9 percent). On a seasonally adjusted quarterly basis, the GDP rose 2.1 percent. Considering the full year of 2021, the GDP grew 6 percent, accelerating from a 1.3 percent expansion in 2020.
2022-03-30
Senegal GDP Annual Growth Slips From Record High
The economy of Senegal advanced by 10.4% from a year earlier in the third quarter of 2021, after a record high 10.7% expansion in the previous period. The main positive contribution came from the secondary sector (15.1 percent) and the tertiary sector (10.6 percent), while the primary sector grew 2.9 percent. From a demand perspective, the output was sustained by exports of goods & services (27.8 percent), gross fixed capital formation (10.3 percent), and final consumption (7.9 percent). On a seasonally adjusted quarterly basis, the GDP rose 2.6 percent, following a 4.1 percent increase in the previous period.
2021-12-31
Senegal GDP Annual Growth at Record High
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.
2021-10-01