Senegal PIB - Tasa de crecimiento anual

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.