Senegal GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 4B 338M
    $ 767.97
    $ 1,068.87
    $ 6B 37M
    -0.827 %
    -9.951 %
    3.45 %
    0 %
    5M 648K people
    1981
    $ 3B 934M
    $ 677.89
    $ 1,196.64
    $ 6B 944M
    5.07 %
    -11.48 %
    8.62 %
    0 %
    5M 803K people
    1982
    $ 3B 850M
    $ 645.37
    $ 1,332.63
    $ 7B 951M
    7.843 %
    -7.967 %
    8.11 %
    0 %
    5M 966K people
    1983
    $ 3B 435M
    $ 559.50
    $ 1,274.06
    $ 7B 822M
    -5.326 %
    -8.857 %
    7.25 %
    0 %
    6M 140K people
    1984
    $ 3B 350M
    $ 529.94
    $ 1,330.04
    $ 8B 407M
    3.746 %
    -8.131 %
    7.52 %
    0 %
    6M 322K people
    1985
    $ 3B 668M
    $ 563.25
    $ 1,375.75
    $ 8B 959M
    3.283 %
    -7.408 %
    6.48 %
    0 %
    6M 512K people
    1986
    $ 5B 188M
    $ 773.09
    $ 1,404.26
    $ 9B 424M
    3.113 %
    -5.157 %
    4.30 %
    0 %
    6M 711K people
    1987
    $ 6B 241M
    $ 902.23
    $ 1,481.08
    $ 10B 246M
    6.094 %
    -4.899 %
    6.94 %
    0 %
    6M 918K people
    1988
    $ 6B 173M
    $ 865.67
    $ 1,478.75
    $ 10B 544M
    -0.592 %
    -6.714 %
    2.10 %
    0 %
    7M 130K people
    1989
    $ 6B 83M
    $ 828.15
    $ 1,551.05
    $ 11B 394M
    3.978 %
    -6.262 %
    1.28 %
    0 %
    7M 346K people
    1990
    $ 7B 78M
    $ 936.15
    $ 1,552.68
    $ 11B 740M
    -0.676 %
    -6.278 %
    1.10 %
    0 %
    7M 561K people
    1991
    $ 6B 955M
    $ 894.49
    $ 1,600.78
    $ 12B 447M
    2.556 %
    -6.481 %
    2.18 %
    0 %
    7M 776K people
    1992
    $ 7B 435M
    $ 930.57
    $ 1,613.15
    $ 12B 889M
    1.243 %
    -6.8 %
    −2.91 %
    0 %
    7M 990K people
    1993
    $ 7B 14M
    $ 852.61
    $ 1,624.91
    $ 13B 368M
    1.311 %
    -6.498 %
    −3.66 %
    0 %
    8M 227K people
    1994
    $ 4B 746M
    $ 560.96
    $ 1,609.97
    $ 13B 622M
    -0.228 %
    -6.092 %
    −2.05 %
    8.617 %
    8M 461K people
    1995
    $ 6B 26M
    $ 693.42
    $ 1,697.90
    $ 14B 755M
    6.093 %
    -5.365 %
    2.09 %
    4.552 %
    8M 690K people
    1996
    $ 6B 300M
    $ 706.86
    $ 1,717.37
    $ 15B 307M
    1.874 %
    -5.345 %
    1.98 %
    2.656 %
    8M 913K people
    1997
    $ 5B 867M
    $ 642.57
    $ 1,751.60
    $ 15B 994M
    2.717 %
    -4.608 %
    5.66 %
    2.691 %
    9M 131K people
    1998
    $ 6B 416M
    $ 686.37
    $ 1,833.52
    $ 17B 139M
    5.972 %
    -5.291 %
    7.24 %
    1.852 %
    9M 348K people
    1999
    $ 6B 599M
    $ 689.68
    $ 1,925.12
    $ 18B 421M
    5.978 %
    -5.165 %
    10.36 %
    0.432 %
    9M 569K people