Broad political stability will prevail in the country. We expect real GDP growth to contract in 2020, owing to the adverse effects of the coronavirus pandemic, rising in 2021 as infrastructural investment and agricultural output rise. 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. In 2019, real GDP growth for Senegal was 5.3 %. 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%). In brief. Public debt continued to increase, but Senegal remains at low risk of distress, partly due to GDP rebasing. GDP Annual Growth Rate in Senegal averaged 3.66 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. The Gross Domestic Product (GDP) in Senegal expanded 4 percent in the third quarter of 2019 over the previous quarter. Considering the full year of 2019, the gross domestic product expanded 5.2 percent over a year ago.

Public investment in infrastructure, agriculture, and energy kept the fiscal deficit at 3.6% of GDP in 2018 and 2019, above the WAEMU convergence threshold of 3%. In contrast, the construction sector rebounded sharply (12.2% vs -4.6%). 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). GDP Growth Rate in 2017 was 7.15%, representing a change of 1,532,371,212 US$ over 2016, … The president, Macky Sall, secured another term in the 2019 election. The Trading Economics Application Programming Interface (API) provides direct access to our data. Also, primary activities grew faster (6% vs 2.6%), mainly supported by fishing (26.9% vs -2.9%). Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. As one of the dominate parts of the economy, the agricultural sector of Senegal is highly vulnerable to environmental conditions, such as variations in rainfall and climate change, and changes in world commodity prices. GDP Growth Rate YoY On a seasonally quarterly basis, the economy shrank 3.9%, the most since Q1 of 2007, after expanding 2.3% in the prior quarter. 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%). 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). GDP Growth Rate YoY

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%). 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. TEForecast Though Senegal real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 5.3 % in 2019. 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. 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. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

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. Reference 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. 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. 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. Annual percentage growth rate of GDP at market prices based on constant local currency. On a quarterly basis, the GDP rose 0.2 percent compared to 0.4 percent in the previous quarter. 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.