Source: world bank Nominal/PPP
Summary:
Senegal GDP Per Capita expanded from 1960 to 2024, increasing from $300.43 to $1,773.22 .The compound annual growth rate (CAGR) averaged 2.81% over the period. The economy recorded its peak level in 2024 and its lowest level in 1969. Growth volatility remained high. The maximum drawdown reached 39.02%, indicating the largest cyclical decline from peak levels. The country experienced 16 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 (1963–1964) indicating steady moderate growth
- Expansion (1970–1971) indicating steady moderate growth
- High Growth (1972–1975) indicating robust economic expansion
- Contraction (1976–1977) indicating temporary slowdown
- High Growth (1978–1980) indicating robust economic expansion
- High Growth (1985–1987) indicating robust economic expansion
- Contraction (1988–1989) indicating temporary slowdown
- High Growth (2001–2005) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 37.192%, while the largest decline was in 1994 at -33.474%.