The Gross Domestic Product (GDP) in Senegal expanded 4 percent in the third quarter of 2019 over the previous quarter.

GDP Growth Rate in Senegal averaged 1.90 percent from 2010 until 2019, reaching an all time high of 27.10 percent in the fourth quarter of 2015 and a record low of -14.80 percent in the first quarter of 2014. This page provides the latest reported value for - Senegal GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Senegal GDP Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Growth Rate in Senegal is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Senegal to stand at 2.00 in 12 months time. In the long-term, the Senegal GDP Growth Rate is projected to trend around 3.00 percent in 2021 and 3.40 percent in 2022, according to our econometric models.

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Senegal GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 4.00 27.10 -14.80 2010 - 2019 percent Quarterly

Senegal GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 4.00 27.10 -14.80 percent [+]
GDP Annual Growth Rate -1.30 1.40 9.90 -6.55 percent [+]
GDP 23.58 23.24 23.58 1.00 USD Billion [+]
GDP per capita 1584.50 1547.10 1584.50 1002.40 USD [+]
GDP per capita PPP 3394.90 3314.80 3394.90 2147.80 USD [+]
GDP From Agriculture 310.10 311.70 311.70 41.10 Million FCFA [+]
GDP From Mining 71.00 71.30 75.30 10.00 Million FCFA [+]

Senegal GDP 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).