Senegal's GDP changed from approximately $4B 338M in 1980 to $35B 450M in 2024, showing an overall 717.2% sharply increased during the period.
The lowest GDP was recorded in 1984 at $3B 350M, and the highest in 2024 at $35B 450M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of Mali was 5.5%, and that of Guinea-Bissau was 4.7%.
Senegal GDP from 1980 to 2024
The total market value of goods and services produced annually in Senegal.
Overview of Senegal's GDP (1980–2024)
The Gross Domestic Product (GDP) of Senegal recorded a 717.2% sharply increased from 1980 to 2024.
The average GDP during this period was $12B 447M, and the median was $7B 435M.
GDP fluctuated within a range of $32B 100M, with a standard deviation of $8B 522M.
The average annual change was $599M 426K.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $3B 350M
- Highest GDP: 2024, $35B 450M
- Most Recent GDP: 2024, $35B 450M
Notable Annual GDP Changes
- 2024: Significant increase in GDP
- 1994: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Senegal's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $23B 405M → $24B 534M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $13B 996M → $16B 128M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $6B 16M → $6B 508M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $5B 867M → $6B 416M
- Outcome: increased
Key Economic Indicators of Senegal (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -0.827 % | $ 4B 338M | $ 6B 37M | $ 767.97 | $ 1,068.87 | 3.45 % | 5M 648K people | -9.951 % | 0 % |
1981 | 5.07 % | $ 3B 934M | $ 6B 944M | $ 677.89 | $ 1,196.64 | 8.62 % | 5M 803K people | -11.48 % | 0 % |
1982 | 7.843 % | $ 3B 850M | $ 7B 951M | $ 645.37 | $ 1,332.63 | 8.11 % | 5M 966K people | -7.967 % | 0 % |
1983 | -5.326 % | $ 3B 435M | $ 7B 822M | $ 559.50 | $ 1,274.06 | 7.25 % | 6M 140K people | -8.857 % | 0 % |
1984 | 3.746 % | $ 3B 350M | $ 8B 407M | $ 529.94 | $ 1,330.04 | 7.52 % | 6M 322K people | -8.131 % | 0 % |
1985 | 3.283 % | $ 3B 668M | $ 8B 959M | $ 563.25 | $ 1,375.75 | 6.48 % | 6M 512K people | -7.408 % | 0 % |
1986 | 3.113 % | $ 5B 188M | $ 9B 424M | $ 773.09 | $ 1,404.26 | 4.30 % | 6M 711K people | -5.157 % | 0 % |
1987 | 6.094 % | $ 6B 241M | $ 10B 246M | $ 902.23 | $ 1,481.08 | 6.94 % | 6M 918K people | -4.899 % | 0 % |
1988 | -0.592 % | $ 6B 173M | $ 10B 544M | $ 865.67 | $ 1,478.75 | 2.10 % | 7M 130K people | -6.714 % | 0 % |
1989 | 3.978 % | $ 6B 83M | $ 11B 394M | $ 828.15 | $ 1,551.05 | 1.28 % | 7M 346K people | -6.262 % | 0 % |
1990 | -0.676 % | $ 7B 78M | $ 11B 740M | $ 936.15 | $ 1,552.68 | 1.10 % | 7M 561K people | -6.278 % | 0 % |
1991 | 2.556 % | $ 6B 955M | $ 12B 447M | $ 894.49 | $ 1,600.78 | 2.18 % | 7M 776K people | -6.481 % | 0 % |
1992 | 1.243 % | $ 7B 435M | $ 12B 889M | $ 930.57 | $ 1,613.15 | −2.91 % | 7M 990K people | -6.8 % | 0 % |
1993 | 1.311 % | $ 7B 14M | $ 13B 368M | $ 852.61 | $ 1,624.91 | −3.66 % | 8M 227K people | -6.498 % | 0 % |
1994 | -0.228 % | $ 4B 746M | $ 13B 622M | $ 560.96 | $ 1,609.97 | −2.05 % | 8M 461K people | -6.092 % | 8.617 % |
1995 | 6.093 % | $ 6B 26M | $ 14B 755M | $ 693.42 | $ 1,697.90 | 2.09 % | 8M 690K people | -5.365 % | 4.552 % |
1996 | 1.874 % | $ 6B 300M | $ 15B 307M | $ 706.86 | $ 1,717.37 | 1.98 % | 8M 913K people | -5.345 % | 2.656 % |
1997 | 2.717 % | $ 5B 867M | $ 15B 994M | $ 642.57 | $ 1,751.60 | 5.66 % | 9M 131K people | -4.608 % | 2.691 % |
1998 | 5.972 % | $ 6B 416M | $ 17B 139M | $ 686.37 | $ 1,833.52 | 7.24 % | 9M 348K people | -5.291 % | 1.852 % |
1999 | 5.978 % | $ 6B 599M | $ 18B 421M | $ 689.68 | $ 1,925.12 | 10.36 % | 9M 569K people | -5.165 % | 0.432 % |