Source: world bank Nominal/PPP
Summary:
Senegal GDP Per Capita expanded from 1960 to 2024, increasing from $1.00 to $32.81 .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.
Senegal Economic Phases (1960 - 2024)
From 1960 to 2024, Senegal economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1962–1963) indicating steady moderate growth
- Expansion (1965–1966) indicating steady moderate growth
- Expansion (1970–1971) indicating steady moderate growth
- High Growth (1972–1975) indicating robust economic expansion
- Expansion (1976–1977) indicating steady moderate growth
- High Growth (1978–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- High Growth (1985–1987) indicating robust economic expansion
- Contraction (1988–1989) indicating temporary slowdown
- High Growth (2001–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- High Growth (2016–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 41.193%, while the largest decline was in 1994 at -31.669%.