The economy of Senegal expanded 4 percent year-on-year in the fourth quarter of 2016, following a 6 percent growth in the previous period. Production rose less in services (4.6 percent from 6.2 percent in Q3), namely transport (4.1 percent from 29.5 percent), mining (22.5 percent from 24.4 percent) and fishing (12.5 percent from 15.8 percent) and manufacturing shrank 1.7 percent (3.9 percent in Q3). In contrast, output increased faster for agriculture (6.9 percent from 5.7 percent). On a quarterly basis, the GDP expanded sharply by 19.8 percent after falling by 0.3 percent in the previous quarter. Considering full 2016, economy grew by 6.5 percent, at the same pace as in 2015. GDP Annual Growth Rate in Senegal averaged 3.26 percent from 1961 until 2016, 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.
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In Senegal, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides – Senegal GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Senegal GDP Annual Growth Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.