Real Non-Oil GDP for Senegal
SENNGDPXORPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.87
Year-over-Year Change
-21.75%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Real Non-Oil GDP for Senegal' metric measures the total output of Senegal's economy, excluding the oil and gas sector. This provides valuable insights into the broader economic performance and development of the country.
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 Non-Oil GDP for Senegal is an important indicator that helps economists and policymakers assess the overall health and growth of Senegal's economy, excluding the potentially volatile oil and gas industry. It is used to track economic progress and make informed decisions regarding fiscal and monetary policies.
Methodology
The data is calculated by the Senegalese National Statistics Agency based on national accounts and survey information.
Historical Context
Trends in Real Non-Oil GDP are closely monitored by the International Monetary Fund, World Bank, and Senegalese government to gauge the country's economic development and policy needs.
Key Facts
- Senegal's real non-oil GDP grew by 5.1% in 2021.
- The service sector accounts for over 60% of Senegal's non-oil GDP.
- Senegal aims to reach upper-middle-income status by 2035 through its 'Emerging Senegal' development plan.
FAQs
Q: What does this economic trend measure?
A: The 'Real Non-Oil GDP for Senegal' metric measures the total output of Senegal's economy, excluding the oil and gas sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the broader economic performance and development of Senegal, beyond the potentially volatile oil and gas industry.
Q: How is this data collected or calculated?
A: The data is calculated by the Senegalese National Statistics Agency based on national accounts and survey information.
Q: How is this trend used in economic policy?
A: Trends in Real Non-Oil GDP are closely monitored by international institutions and the Senegalese government to gauge the country's economic development and policy needs.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Senegalese National Statistics Agency, but there may be occasional delays or revisions due to the complexity of national accounts data.
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Citation
U.S. Federal Reserve, Real Non-Oil GDP for Senegal (SENNGDPXORPCPPPT), retrieved from FRED.