Senegal Posts Record GDP Growth in Q1

 Senegal’s economy expanded by a solid 12.1% year-on-year in Q1 2025, the fastest growth since records began in 1961, driven by strong performance in the secondary sector (+37%), primary (+6.8%), and tertiary (+4.3%) sectors, as well as net taxes (+5.2%). Excluding hydrocarbons (oil and gas), the GDP increased by 3.1%. From a demand perspective, the expansion was primarily driven by strong increases in exports (+81.3%), gross fixed capital formation (+8.0%), and final consumption (+3.4%). However, imports also rose by 6.6%. On a seasonally adjusted quarterly basis, the GDP contracted by 1.2%. – Trading Economics