Madar (Dakar) - Senegal's National Agency for Statistics and Demography (ANSD) has raised its estimate of the country's nominal gross domestic product by an average of 16.7% over 2014-2021 compared with previous estimates, after updating the historical national accounts series and adopting 2021 as the new base year instead of 2014, Senegalese news site PressAfrik reported on Monday, November 9, 2026.
According to the published data, the largest gap was in 2014, when nominal GDP was revised up by 20.5% to 17,316 billion CFA francs, from 15,261 billion in the previous series.
The revision does not reflect a sudden acceleration in activity but the inclusion of new data sources and methodological improvements, including household self-construction, road transport and restaurants, research and development, mining exploration and estimates of illegal activities.
Real growth, however, remained almost stable, averaging 5.4% between 2015 and 2021 in the new series against 5.5% in the old one. The exception was 2019, when growth was revised to 6.5% from 4.6% due to a reassessment of output linked to preparatory phases of oil and gas field development.
By sector, services and trade rose to an average 58% share over 2014-2021, up 3.9 points, with transport and storage jumping from 3.7% to 6.8%, while industry and processing fell to 20.1% from 22.5%, and livestock and related activities rose from 3.7% to 4.5%.
The work was carried out with technical support from France's INSEE and backing from the World Bank and the African Development Bank. The revised 2014-2024 series will serve as the anchor for macroeconomic and budget framing, quarterly accounts and evaluating public policy, according to the same source.
