Senegal GDP Growth Slows Marginally to 11.8% in Q2 2025

avatar
· Views 40

Senegal’s economy expanded by 11.8% year-on-year in Q2 2025, slightly easing from a 12.1% surge in Q1, which was the fastest growth rate since records began in 1961. The robust GDP growth was driven by strong performances in the secondary sector (+37.7%), primary sector (+6.7%), tertiary sector (+4.3%), and net taxes (+3.3%). Excluding hydrocarbons (oil and gas), GDP grew by 2.5%. From the demand side, growth was primarily fueled by sharp increases in exports (+46.9%), gross fixed capital formation (+3.7%), and final consumption (+3.1%). In contrast, imports declined by 4.7%. On a seasonally adjusted quarterly basis, the economy grew by 0.3% in Q2, rebounding from a 1.2% contraction in Q1.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Like this article? Show your appreciation by sending a tip to the author.
Reply 0

Leave Your Message Now

  • tradingContest