FX.co ★ Senegal Economy Continues to Strengthen

Senegal’s economy expanded by 5.8% year-on-year in Q1 2026, its fastest pace since Q2 2025, after growing 4.2% in the previous quarter. The upturn was largely driven by robust activity in the secondary sector (+8.6%), with additional support from the primary sector (+5.7%) and the tertiary sector (+5.2%). Net taxes on goods and services also contributed, though more modestly (+1.6%). Excluding hydrocarbons, GDP increased by 4.7%.

On the demand side, growth was primarily underpinned by stronger exports (+8.2%) and higher final consumption (+4.9%), while gross fixed capital formation contracted by 7.5%. On a seasonally adjusted quarterly basis, GDP rose by 1.2%.