Senegal GDP Growth Rate

The Gross Domestic Product (GDP) in Senegal expanded 17.80 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Senegal is reported by the ANSD, Senegal. GDP Growth Rate in Senegal averaged 2.79 Percent from 2010 until 2013, reaching an all time high of 25 Percent in the fourth quarter of 2010 and a record low of -13 Percent in the first quarter of 2011. Senegal is one of the few democracies in Africa. Although experiencing economic growth and having both political and economic stability, 40 percent of population live below poverty line. The major sources of country revenue are remittances, foreign financial assistance and tourism. Senegal’s capital city Dakar is West Africa’s biggest commercial centre and has one of the largest ports in Africa. This page provides - Senegal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17.80 -1.70 25.00 -13.00 5.91 | 2013/12 2010 - 2013 Percent Quarterly

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Senegal GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 14.16 2012-12-31 14.45 14.45 0.79 14.51 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 0.30 2013-12-31 4.10 8.92 -6.55 4.43 2013-12-31 Percent [+]
GDP per capita 799.39 2012-12-31 793.80 873.00 634.35 799.70 2013-12-31 USD [+]
GDP per capita PPP 1675.44 2012-12-31 1663.72 1675.44 1329.53 1676.68 2013-12-31 USD [+]
GDP Growth Rate 17.80 2013-12-31 -1.70 25.00 -13.00 5.91 2013-12-31 Percent [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Senegal Industrial Production at 3.80 Percent  
Industrial Production in Senegal increased 3.80 percent in February of 2014 over the same month in the previous year. Industrial Production in Senegal is reported by the ANSD, Senegal.
Senegal Inflation Rate at -0.50 Percent  
The inflation rate in Senegal was recorded at -0.50 percent in March of 2014. Inflation Rate in Senegal is reported by the ANSD, Senegal.
Senegal Government Debt To GDP at 59.40 Percent  
Senegal recorded a Government Debt to GDP of 59.40 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Senegal is reported by the Central Bank of West African States (BCEAO).
Senegal Current Account at -788.40 CFA Franc Billion  
Senegal recorded a Current Account deficit of 788.40 CFA Franc Billion in 2012. Current Account in Senegal is reported by the ANSD, Senegal.
Senegal Current Account to GDP at -10.90 Percent  
Senegal recorded a Current Account deficit of 10.90 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Senegal is reported by the ANSD, Senegal.
Senegal GDP Annual Growth Rate at 0.30 Percent  
The Gross Domestic Product (GDP) in Senegal expanded 0.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Senegal is reported by the ANSD, Senegal.
Senegal Population at 12.87 Million  
The total population in Senegal was last recorded at 12.9 million people in 2013 from 3.2 million in 1960, changing 305 percent during the last 50 years. Population in Senegal is reported by the World Bank.
Senegal Balance of Trade at -96.16 CFA Franc Billion  
Senegal recorded a trade deficit of 96.16 CFA Franc Billion in January of 2014. Balance of Trade in Senegal is reported by the ANSD, Senegal.
Senegal Exports at 94.94 CFA Franc Billion  
Exports in Senegal decreased to 94.94 CFA Franc Billion in January of 2014 from 105.75 CFA Franc Billion in December of 2013. Exports in Senegal is reported by the ANSD, Senegal.
Senegal Imports at 191.10 CFA Franc Billion  
Imports in Senegal decreased to 191.10 CFA Franc Billion in January of 2014 from 301.10 CFA Franc Billion in December of 2013. Imports in Senegal is reported by the ANSD, Senegal.
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