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. GDP Annual Growth Rate in Senegal averaged 3.53 percent from 1961 until 2018, 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.
GDP Annual Growth Rate in Senegal is expected to be 7.50 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 7.10 in 12 months time. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 7.20 percent in 2020, according to our econometric models.