Senegal’s economy expanded by a solid 12.1% year-on-year in Q1 2025, the fastest growth since records began in 1961, driven by strong performance in the secondary sector (+37%), primary (+6.8%), and tertiary (+4.3%) sectors, as well as net taxes (+5.2%). Excluding hydrocarbons (oil and gas), the GDP increased by 3.1%. From a demand perspective, the expansion was primarily driven by strong increases in exports (+81.3%), gross fixed capital formation (+8.0%), and final consumption (+3.4%). However, imports also rose by 6.6%. On a seasonally adjusted quarterly basis, the GDP contracted by 1.2%. source: ANSD, Senegal

The Gross Domestic Product (GDP) in Senegal expanded 12.10 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Senegal averaged 3.98 percent from 1961 until 2025, reaching an all time high of 12.10 percent in the first quarter of 2025 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. Senegal GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Senegal expanded 12.10 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Senegal is expected to be 9.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Senegal GDP Annual Growth Rate is projected to trend around 4.50 percent in 2026 and 6.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-31 10:00 AM
GDP Growth Rate YoY
Q4 11.6% 10% 8.0%
2025-07-01 10:00 AM
GDP Growth Rate YoY
Q1 12.1% 11.6% 10.9%
2025-09-27 10:00 AM
GDP Growth Rate YoY
Q2 12.1% 10.5%


Related Last Previous Unit Reference
Full Year GDP Growth 6.90 4.30 percent Dec 2024
GDP Growth Rate YoY 12.10 11.60 percent Mar 2025
GDP from Agriculture 400.40 430.90 XOF Million Mar 2025
GDP from Mining 404.70 413.90 XOF Million Mar 2025
GDP Growth Rate -1.20 4.50 percent Mar 2025

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).
Actual Previous Highest Lowest Dates Unit Frequency
12.10 11.60 12.10 -6.55 1961 - 2025 percent Quarterly

News Stream
Senegal Posts Record GDP Growth in Q1
Senegal’s economy expanded by a solid 12.1% year-on-year in Q1 2025, the fastest growth since records began in 1961, driven by strong performance in the secondary sector (+37%), primary (+6.8%), and tertiary (+4.3%) sectors, as well as net taxes (+5.2%). Excluding hydrocarbons (oil and gas), the GDP increased by 3.1%. From a demand perspective, the expansion was primarily driven by strong increases in exports (+81.3%), gross fixed capital formation (+8.0%), and final consumption (+3.4%). However, imports also rose by 6.6%. On a seasonally adjusted quarterly basis, the GDP contracted by 1.2%.
2025-07-01
Senegal Economy Continues to Expand Solidly
Senegal’s economy grew by a robust 11.6% year-on-year in Q4 2024, building on an 11.5% increase in the previous quarter. The increase was primarily driven by strong growth in the secondary sector (+38.7%), fueled by oil extraction, and the tertiary sector (+4.5%). Additionally, taxes, net of subsidies on products, rose by 7.5%. However, this overall growth was tempered by a decline in the primary sector (-1.1%). Excluding oil, real GDP growth stood at 3.3%. On the demand side, the upturn in economic activity during Q4 2024, compared to the same period in the previous year, was reflected in a significant increase in exports of goods and services (+107.0%), gross fixed capital formation (+6.4%), and final consumption (+3.4%). Considering the 2024 year as a whole, the GDP grew by 6.9%.
2025-03-31
Senegal GDP Growth Quickens in Q3
The economy of Senegal grew by 11.5% year-on-year in Q3 2024, a notable jump from the 3.9% rise in the previous three-month period. This robust expansion was largely driven by the secondary sector (+38.9%), particularly extractive activities (+452.7%), electricity production (+12.1%), construction (+5.8%), and water and waste management (+5.2%). Agro-food production also saw growth (+2.4%), mainly driven by bread, pastries, and meat processing. However, declines in petroleum refining and coke production (-12.1%) held back the sector’s overall performance. Both the primary (+5.2%) and tertiary (+4%) sectors contributed as well. Additionally, taxes net of subsidies on products rose by 0.9%. On the demand side, economic activity was fueled by a 65% increase in exports and a 4.3% rise in final consumption, while imports and gross fixed capital formation declined by 13.2% and 4.8%, respectively. On a seasonally adjusted quarterly basis, real GDP increased by 8.9% in Q3.
2024-12-30