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.


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Senegal GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.30 5.50 9.90 -6.55 1961 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-04-02 01:50 PM Q4 6.8% 3.9% 4.3%
2019-07-01 12:05 PM Q1 5.7% 6.8% 7%
2019-10-01 11:45 AM Q2 5.5% 5.7% 5.5%
2019-12-31 08:40 AM Q3 6.3% 5.5% 6.4%
2020-03-30 12:00 AM Q4 6.3% 6.9%


News Stream
2019-10-01
Senegal GDP Expands the Least in a Year
The economy of Senegal grew 5.5% from a year ago in the second quarter of 2019, down from 5.7% in the previous period. It was the weakest growth since Q2 2018, as secondary activity rose much less (1.9% vs 5.3% in Q1), dragged by chemical products (-4.2% vs 2.4%); agro-food (7.2 percent vs 8.8 percent) and electricity and gas supply (6.4% vs 10.6%). In contrast, the construction sector rebounded sharply (12.2% vs -4.6%). Primary activities also posted smaller gains (7.7% vs 9.3%), namely agriculture (6.6% vs 9.9%). In contrast, services expanded faster (6.5% vs 4.9%), in particular internal trade (5% vs 4.2%); information & communication (6% vs 3.4%); finance & insurance (7% vs 3.4%); real estate activities (8.3% vs 3.8%); business services (7.8% vs 3.7%) and public administration (8% vs 7.9%). On a quarterly basis, the GDP rose 0.2 percent compared to 0.4 percent in the previous quarter.

2019-07-01
Senegal GDP Annual Growth Slows to 5.7% in Q1
The economy of Senegal expanded 5.7% from a year earlier in the first quarter of 2019, following a 6.8% advance in the previous period. Slower growth was seen in services (4.9% vs 6.3% in Q4), namely business services (5.7% vs 8.1%); real estate activities (3.8% vs 7.9%); information & communication (3.4% vs 6.2%); transport (4.3% vs 6.1%) and wholesale & retail trade (4.2% vs 5.5%). In contrast, stronger gains were posted in public administration (7.9% vs 7.8%); finance & insurance (3.4% vs 2.9%) and hotels & restaurants (5.6% vs 4.6%). Also, secondary activity lost some steam (5.3% vs 6.5%), mainly led by construction (-4.6% vs 9.7%) and manufacture of cement & building materials (2.1% vs 5.4%). Mining, however, rose strongly (10.3% vs 4.9%). The primary activity also grew solidly (9.3% vs 8.7%), namely agriculture (9.9% vs 10.1%) and fishing (15.4% vs 11.9%). On a quarterly basis, the GDP advanced 0.4%, slowing from 1.7% in the fourth quarter of 2018.

2019-04-02
Senegal GDP Annual Growth at 1-Year High of 6.8%
The economy of Senegal expanded 6.8 percent year-on-year in the fourth quarter of 2018, quickening from a 3.9 percent advance in the previous period. It is the fastest expansion in a year, as output rose faster in services (6.3 percent vs 5.8 percent in Q3), mostly business services (8.1 percent vs 7.2 percent); real estate activities (7.9 percent vs 5 percent) and public administration (7.8 percent vs 7.5 percent). Meantime, secondary activity rose further (6.5 percent vs 6.4 percent), particularly construction (9.7 percent vs 6.8 percent) and food production (8.9 percent vs 8.2 percent). The primary activity also increased faster (8.7 percent vs 7.8 percent), namely agriculture (10.1 percent vs 10.2 percent); fishing (11.9 percent vs -3.9 percent) and forestry & lodging (9 percent vs 8 percent). On a quarterly basis, the GDP advanced 1.7 percent. In 2018, the economy grew 6.8 percent.


Senegal GDP Annual 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).

Senegal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.00 0.20 27.10 -14.80 percent [+]
GDP Annual Growth Rate 6.30 5.50 9.90 -6.55 percent [+]
GDP 24.13 21.08 24.13 1.00 USD Billion [+]
GDP per capita 1546.50 1489.40 1546.50 1001.40 USD [+]
GDP per capita PPP 3356.30 3232.30 3356.30 2173.40 USD [+]
GDP From Agriculture 335.40 314.70 335.40 41.10 Million FCFA [+]
GDP From Mining 71.90 73.60 75.50 10.00 Million FCFA [+]