The economy of Senegal advanced by 3.3 percent from a year ago in the fourth quarter of 2019, slowing from a 6.3 percent growth in the previous period. This was the weakest economic expansion since the second quarter of 2014. Output grew less for primary activities (2.6 percent vs 4.5 percent in Q3); secondary activities (2.5 percent vs 4.2 percent) and services (3 percent vs 7.1 percent). On a quarterly basis, the GDP shrank 0.5 percent, following a downwardly revised 4 percent rise in the preceding quarter. Considering the full year of 2019, the gross domestic product expanded 5.2 percent over a year ago.
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. Senegal GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
GDP Annual Growth Rate in Senegal is expected to be -4.50 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 2.60 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.