Indicators
Oil Output Spurs Record Quarterly Economic Growth in Senegal
- GDP grew 8.9% in third quarter from previous three months
- Woodside started producing oil offshore Senegal in June
Residential and commercial buildings along the coastline on the city skyline in Dakar, Senegal.
Photographer: Annika Hammerschlag/BloombergSenegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year.
Gross domestic product jumped 8.9% in the three months through September from the previous quarter, the National Agency of Statistics and Demography said. The economy expanded 11.5% in the period from the previous year.