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%.
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.
Senegal GDP from 1980 to 2024
The total market value of goods and services produced annually in Senegal.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
