Real GDP Per Capita for Senegal
SENNGDPRPCPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.31
Year-over-Year Change
-60.21%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real GDP Per Capita for Senegal measures the country's economic output per person, adjusted for inflation. This key economic indicator provides insights into the standard of living and productivity trends within Senegal.
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
Real GDP Per Capita for Senegal represents the total economic output of the country divided by its population, with adjustments made to account for changes in purchasing power over time. This metric is widely used by economists and policymakers to analyze Senegal's economic development and living standards.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Trends in Real GDP Per Capita for Senegal are closely monitored by international institutions and investors to assess the country's economic progress and investment climate.
Key Facts
- Senegal's real GDP per capita was $2,362 in 2021.
- GDP per capita in Senegal has grown by 24% over the past decade.
- Senegal is classified as a lower-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Real GDP Per Capita for Senegal measures the country's total economic output divided by its population, adjusted for inflation. This provides a metric for the standard of living and productivity in Senegal.
Q: Why is this trend relevant for users or analysts?
A: Trends in Senegal's real GDP per capita are widely followed by economists, policymakers, and investors to assess the country's economic development and progress in improving living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures for Senegal.
Q: How is this trend used in economic policy?
A: Senegal's real GDP per capita is a key indicator used by the government, international institutions, and analysts to evaluate the country's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The real GDP per capita data for Senegal is typically published with a 1-2 year lag by the World Bank.
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Citation
U.S. Federal Reserve, Real GDP Per Capita for Senegal (SENNGDPRPCPCPPPT), retrieved from FRED.