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).
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%). Also, primary activities grew faster (6% vs 2.6%), mainly supported by fishing (26.9% vs -2.9%). Meanwhile, the secondary sector continued to expand (3.5% vs 2.5%), as solid rises in construction (7.6% vs 4.4%) and water supply (6.6% vs 5.8%) partly offset contractions in mining (-5.8% vs -0.6%) and chemical activities (-3.8% vs -2.2%).
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. 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. TEForecast
GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus … Also, the primary sector contributes to 15 percent of GDP, mostly agriculture (9 percent) and livestock activities (4 percent).
It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 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%). 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).
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On a quarterly basis, the GDP rose 0.2 percent compared to 0.4 percent in the previous quarter. On a quarterly basis, the GDP rose 4% compared to a meagre 0.2% increase in the previous quarter.
Annual percentage growth rate of GDP at market prices based on constant local currency. 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.
Growth slipped to 6.0% in 2019 from 6.7% in 2018. GDP Growth Rate YoY
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.
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. GDP Growth Rate YoY
The Trading Economics Application Programming Interface (API) provides direct access to our data. 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%).
In 2019, real GDP growth for Senegal was 5.3 %. 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. 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 2017 was 7.15%, representing a change of 1,532,371,212 US$ over 2016, … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
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. The president, Macky Sall, secured another term in the 2019 election.
This was the weakest economic expansion since the second quarter of 2014. Predominantly rural, and with limited natural resources, the economy of Senegal gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services. 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.
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GDP Growth Rate YoY
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%).
Primary activities also posted smaller gains (7.7% vs 9.3%), namely agriculture (6.6% vs 9.9%). 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).
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