[ Nominal GDP in billions of USD ]
Year -
$32.81 billions
Senegal GDP expanded from 1960 to 2024, increasing from $1.00 billion to $32.81 billion.The compound annual growth rate (CAGR) averaged 5.61% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 35.26%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 32.81 Billions | $ 93.82 Int Billions |
| Growth (YoY) | 6.879% | 8.625% |
| Net Change vs Previous Year | $ 2.11 Billion | $ 7.45 Int Billion |
| % of World GDP | 0.03% | 0.05% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 1 | - | - | - | - | - |
| 1961 | 1.06 | 0.06 | 5.508 % | - | - | - |
| 1962 | 1.09 | 0.03 | 2.502 % | - | - | - |
| 1963 | 1.12 | 0.04 | 3.378 % | - | - | - |
| 1964 | 1.19 | 0.07 | 5.952 % | - | - | - |
| 1965 | 1.21 | 0.02 | 1.777 % | - | - | - |
| 1966 | 1.25 | 0.04 | 3.045 % | - | - | - |
| 1967 | 1.25 | 0 | -0.034 % | - | - | - |
| 1968 | 1.31 | 0.06 | 5.047 % | - | - | - |
| 1969 | 1.25 | -0.06 | -4.899 % | - | - | - |
| 1970 | 1.3 | 0.05 | 4.19 % | - | - | - |
| 1971 | 1.34 | 0.04 | 3.248 % | - | - | - |
| 1972 | 1.62 | 0.28 | 21 % | - | - | - |
| 1973 | 1.86 | 0.24 | 14.964 % | - | - | - |
| 1974 | 2.1 | 0.24 | 12.661 % | - | - | - |
| 1975 | 2.83 | 0.73 | 34.824 % | - | - | - |
| 1976 | 2.87 | 0.04 | 1.392 % | - | - | - |
| 1977 | 2.94 | 0.07 | 2.379 % | - | - | - |
| 1978 | 3.28 | 0.34 | 11.651 % | - | - | - |
| 1979 | 4.08 | 0.8 | 24.525 % | - | - | - |
| 1980 | 4.51 | 0.43 | 10.41 % | - | - | - |
| 1981 | 4.1 | -0.41 | -9.184 % | - | - | - |
| 1982 | 4.01 | -0.08 | -2.001 % | - | - | - |
| 1983 | 3.57 | -0.44 | -11.076 % | - | - | - |
| 1984 | 3.49 | -0.08 | -2.359 % | - | - | - |
| 1985 | 3.82 | 0.33 | 9.577 % | - | - | - |
| 1986 | 5.39 | 1.57 | 41.193 % | - | - | - |
| 1987 | 6.49 | 1.1 | 20.312 % | - | - | - |
| 1988 | 6.42 | -0.07 | -1.063 % | - | - | - |
| 1989 | 6.37 | -0.05 | -0.816 % | - | - | - |
| 1990 | 7.39 | 1.02 | 16.1 % | 11.68 | - | - |
| 1991 | 7.26 | -0.14 | -1.837 % | 12.4 | 0.72 | 6.132 % |
| 1992 | 7.77 | 0.51 | 7.093 % | 12.85 | 0.45 | 3.629 % |
| 1993 | 7.37 | -0.4 | -5.172 % | 13.33 | 0.48 | 3.763 % |
| 1994 | 5.03 | -2.33 | -31.669 % | 13.61 | 0.28 | 2.087 % |
| 1995 | 6.33 | 1.29 | 25.658 % | 14.65 | 1.05 | 7.68 % |
| 1996 | 6.56 | 0.23 | 3.689 % | 15.22 | 0.57 | 3.888 % |
| 1997 | 6.04 | -0.52 | -7.9 % | 15.96 | 0.73 | 4.823 % |
| 1998 | 6.51 | 0.46 | 7.682 % | 17.09 | 1.13 | 7.089 % |
| 1999 | 6.59 | 0.09 | 1.341 % | 18.42 | 1.33 | 7.787 % |
| 2000 | 6.01 | -0.58 | -8.792 % | 19.57 | 1.15 | 6.24 % |
| 2001 | 6.51 | 0.49 | 8.226 % | 20.87 | 1.3 | 6.66 % |
| 2002 | 7.01 | 0.5 | 7.661 % | 21.21 | 0.34 | 1.624 % |
| 2003 | 8.77 | 1.76 | 25.153 % | 22.84 | 1.63 | 7.679 % |
| 2004 | 10.08 | 1.31 | 14.918 % | 24.54 | 1.7 | 7.457 % |
| 2005 | 11.01 | 0.93 | 9.251 % | 26.41 | 1.86 | 7.581 % |
| 2006 | 11.7 | 0.69 | 6.257 % | 27.85 | 1.45 | 5.486 % |
| 2007 | 13.99 | 2.3 | 19.63 % | 29.42 | 1.56 | 5.613 % |
| 2008 | 16.85 | 2.86 | 20.435 % | 31.09 | 1.68 | 5.701 % |
| 2009 | 16.15 | -0.71 | -4.202 % | 32.15 | 1.05 | 3.386 % |
| 2010 | 16.12 | -0.02 | -0.152 % | 33.64 | 1.49 | 4.647 % |
| 2011 | 17.81 | 1.69 | 10.501 % | 34.79 | 1.15 | 3.425 % |
| 2012 | 17.66 | -0.15 | -0.861 % | 36.79 | 2 | 5.747 % |
| 2013 | 18.92 | 1.26 | 7.122 % | 37.96 | 1.17 | 3.176 % |
| 2014 | 19.8 | 0.88 | 4.644 % | 40.39 | 2.43 | 6.388 % |
| 2015 | 17.77 | -2.02 | -10.216 % | 43.7 | 3.31 | 8.194 % |
| 2016 | 19.04 | 1.27 | 7.12 % | 46.62 | 2.93 | 6.699 % |
| 2017 | 21 | 1.96 | 10.274 % | 50.05 | 3.43 | 7.352 % |
| 2018 | 23.12 | 2.12 | 10.098 % | 53.79 | 3.74 | 7.478 % |
| 2019 | 23.4 | 0.29 | 1.243 % | 59.65 | 5.86 | 10.894 % |
| 2020 | 24.53 | 1.13 | 4.813 % | 63.01 | 3.35 | 5.622 % |
| 2021 | 27.52 | 2.99 | 12.19 % | 71.87 | 8.87 | 14.071 % |
| 2022 | 27.78 | 0.26 | 0.954 % | 79.96 | 8.09 | 11.254 % |
| 2023 | 30.7 | 2.91 | 10.485 % | 86.37 | 6.4 | 8.009 % |
| 2024 | 32.81 | 2.11 | 6.879 % | 93.82 | 7.45 | 8.625 % |
Between 1960 to 2024, Senegal experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 41.193%, while the largest decline was in 1994 at -31.669%.