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%.
GDP Annual Growth Rate in Senegal averaged 3.60 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 October of 2020.
GDP Annual Growth Rate in Senegal is expected to be 0.80 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 3.70 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 5.40 percent in 2021 and 7.20 percent in 2022, according to our econometric models.