The economy of Senegal advanced by 1.4% from a year ago in the first quarter of 2020, slowing from a 3.3% growth in the previous period. GDP Growth Rate in Senegal averaged 1.90 percent from 2010 until 2019, reaching an all time high of 27.10 percent in the fourth quarter of 2015 and a record low of -14.80 percent in the first quarter of 2014. Primary activities also posted smaller gains (7.7% vs 9.3%), namely agriculture (6.6% vs 9.9%). The Gross Domestic Product (GDP) in Senegal expanded 4 percent in the third quarter of 2019 over the previous quarter. That was the weakest economic expansion since the last quarter of 2011, mainly linked to the global pandemic. Though Senegal real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 5.3 % in 2019. On a quarterly basis, the GDP rose 0.2 percent compared to 0.4 percent in the previous quarter. Annual percentage growth rate of GDP at market prices based on constant local currency. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Senegal The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. 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%). Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. On a seasonally quarterly basis, the economy shrank 3.9%, the most since Q1 of 2007, after expanding 2.3% in the prior quarter. In brief. 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%). The former capital of French West Africa, is also home to banks and other institutions which serve all of F GDP Growth Rate YoY

The services sector was the most affected (-0.9% vs 3% in Q4), namely accommodation & food services (-10.9% vs 5.8%); real estate activities (-11% vs -2%); and information & communication (-8.4% vs -1.8%). On a quarterly basis, the GDP shrank 0.5 percent, following a downwardly revised 4 percent rise in the preceding quarter. Public debt continued to increase, but Senegal remains at low risk of distress, partly due to GDP rebasing. The Trading Economics Application Programming Interface (API) provides direct access to our data.
GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus … However, a contraction was recorded in information & communication (-5.9%). 2010-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. TEForecast Considering the full year of 2019, the gross domestic product expanded 5.2 percent over a year ago. Growth slipped to 6.0% in 2019 from 6.7% in 2018. GDP Growth Rate YoY GDP Growth Rate YoY

Debt (using an expanded perimeter including State Owned Enterprises (SOEs) and para-public entities) is estimated to have increased from 60.6% of GDP in 2017 to 64.5% in 2018. Macroeconomic performance and outlook Real GDP growth has been above 6% on average since 2015, propelled by the Plan for an Emerging Senegal (2014–18).
This was the weakest economic expansion since the second quarter of 2014. 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). 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%). Predominantly rural, and with limited natural resources, the economy of Senegal gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services.


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