The economy of Senegal advanced 6.3% from a year ago in the third quarter of 2019, after a 5.5% growth in the previous period. It was the fastest economic expansion since the last quarter of 2018, boosted by primary activities (9.7% vs 7.7%), in particular fishing (30.5%), amid a strong increase in landings from small-scale fishing (47.5%), and agriculture (8.3%). Also, the secondary sector grew much faster (4% vs 1.9%), namely agro-food (6.2%); electricity and gas supply (10.8%) and water supply (6.7%). Meantime, services continued to rise solidly (6.4% vs 6.5), primarily driven by real estate activities (10.8%); finance & insurance (7.5%); internal trade (8.3%) and public administration (6.9%). However, a contraction was recorded in information & communication (-5.9%). On a quarterly basis, the GDP rose 4% compared to a meagre 0.2% increase in the previous quarter.
GDP Annual Growth Rate in Senegal averaged 3.69 percent from 1961 until 2019, 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.
GDP Annual Growth Rate in Senegal is expected to be 6.90 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 6.50 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 6.70 percent in 2020, according to our econometric models.