The economy of Senegal expanded 0.7% from a year ago in the third quarter of 2020, following a 1.3% contraction in the previous period which was the first since 2011, as the economy gradually recovers from the COVID-19 pandemic. The services sector shrank at a softer 0.7%, after declining 2.8% in the second quarter, in particular transportation (-4.9% vs -15.4%); accommodation & food services (-12.4% vs -29.2%) and information & communication (-10% vs -15%). In addition, the secondary sector rebounded (1.8% vs -2.2%), driven by construction (14.2% vs 6.5%) and mining (5.7% vs -10.5%). Also, primary activities continued to grow solidly (4.5% vs 5.2%). On a seasonally adjusted quarterly basis, the GDP rose 3.8%, for the first time since the third quarter of 2019, after contracting 2.5% in the previous period. source: ANSD, Senegal
GDP Annual Growth Rate in Senegal averaged 3.57 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 February of 2021.
GDP Annual 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 Annual Growth Rate in Senegal to stand at 3.60 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.