Gross Domestic Product Per Capita for Senegal
PCAGDPSNA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,743.99
Year-over-Year Change
31.44%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Senegal is a key economic indicator that measures the country's economic output per person. It is used by economists and policymakers to assess Senegal's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita for Senegal represents the total economic output of the country divided by its population. It is a widely used metric for evaluating a nation's economic performance and the material well-being of its citizens.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Tracking GDP per capita helps inform economic and social policies in Senegal.
Key Facts
- Senegal's GDP per capita was $1,551 in 2021.
- GDP per capita has grown by 34% in Senegal over the past decade.
- Senegal aims to become an emerging market economy by 2035.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Senegal measures the country's total economic output divided by its population, providing an indicator of average living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric used by economists, policymakers, and investors to assess Senegal's economic development, living standards, and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Senegal's national accounts and population figures.
Q: How is this trend used in economic policy?
A: Monitoring GDP per capita helps inform economic and social policies in Senegal aimed at promoting sustainable growth and improving the standard of living.
Q: Are there update delays or limitations?
A: The GDP per capita data for Senegal is typically published by the World Bank with a lag of 1-2 years.
Related Trends
Bank Concentration for Senegal
DDOI01SNA156NWDB
Fertility Rate, Total for Senegal
SPDYNTFRTINSEN
Goods and Services: Net for Senegal
SENBGSBP6GDPPT
Number of Identified Exporters to Senegal from Maryland
MDSENA475SCEN
Total Expenditure of General Government for Senegal
SENGGXG01GDPPT
Nominal Gross Capital Formation for Senegal
SENNIGDPPT
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Senegal (PCAGDPSNA646NWDB), retrieved from FRED.